PBAP vs VOO
PGIM S&P 500 Buffer 20 ETF - April vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PBAP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $34M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 7 | 509 | |
| YTD Return | +8.30% | +13.79% | |
| 1Y Return | +11.94% | +23.01% | |
| 3Y Return (annualized) | - | +21.78% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 4.6% | 14.1% | |
| Max Drawdown | -9.7% | -34.3% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 29, 2024 | Sep 7, 2010 |
PBAP vs VOO Performance
PGIM S&P 500 Buffer 20 ETF - April (PBAP) is a ETF from PGIM Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PBAP returned +11.94% while VOO returned +23.01%. Year to date, PBAP is up 8.30% versus a gain of 13.79% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 4.6% for PBAP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.7% for PBAP and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PBAP charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, PBAP currently yields 0.00% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, PBAP or VOO?
PBAP has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, PBAP or VOO?
Over the past year PBAP returned +11.94% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), PBAP annualized +10.09% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, PBAP or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 4.6% for PBAP. Worst drawdown: PBAP -9.7% vs VOO -34.3%.
Should I hold both PBAP and VOO?
PBAP and VOO have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, PBAP or VOO?
PBAP yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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