PGIM US Large-Cap Buffer 12 ETF - December (DECP) Performance
DECP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.0% since Dec 31, 2025
- 1 year
- +15.2% total return
- Since first price
- +38.7% since 2024
DECP trailing returns vs SPY, QQQ, AGG
| Period | DECP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.1% | −0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.1% | +3.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.7% | +6.5% | +7.8% | +8.4% | −1.5% |
| YTD | +12.0% | +9.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.2% | +12.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionMay 24, 2024 | +38.7% | +33.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DECP vs SPY
From May 24, 2024: DECP grew to $13,874, SPY to $14,778.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DECP returns by calendar year
1 of 1 full years positive. Best 2025 (+17.3%), worst 2025 (+17.3%). 2026 is year to date.
DECP annual returns table
| Year | DECP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.0% | −5.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.3% | −12.1% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DECP largest drawdowns
Now 1.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −12.1% | Apr 8, 2025 | May 19, 2025 | 48 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DECP risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +15.1% |
| Volatility (annualized) | 7.7% |
| Sharpe ratio | 1.34 |
| Sortino ratio | 2.89 |
| Best month | +6.7% |
| Worst month | −3.2% |
| Best 12 months | +25.3% |
| Worst 12 months | +9.4% |
| Positive months | 75% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DECP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 18 | +9.4% | +16.1% | +25.3% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
DECP performance overview
PGIM US Large-Cap Buffer 12 ETF - December (DECP) returned +15.2% over the past year, with distributions reinvested. Since its first recorded price on May 24, 2024 it has returned +38.7%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −12.1%, from Feb 19, 2025 to Apr 8, 2025, and it took 41 days to get back to the old high. Volatility has been 7.7% a year.
Related: DECP chart, DECP dividends. See the DECP overview for the latest quote and fund facts.
DECP performance FAQ
What is the DECP return over the past year?
DECP returned +15.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.9%.
How much would $10,000 invested in DECP be worth?
$10,000 invested in DECP at its first recorded close on May 24, 2024 would be worth about $13,874 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of DECP?
The largest peak-to-trough decline was −12.1% between February 19, 2025 and April 8, 2025. It recovered to the old high on May 19, 2025, 41 days after the bottom.
How volatile is DECP?
Over the past history DECP had an annualized volatility of 7.7% and a Sharpe ratio of 1.34 (excess return over 1–3 month T-bills per unit of risk).