PGIM US Large-Cap Buffer 12 ETF - March (MRCP) Performance
MRCP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.2% since Dec 31, 2025
- 1 year
- +12.7% total return
- Since first price
- +40.2% since 2024
MRCP trailing returns vs SPY, QQQ, AGG
| Period | MRCP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.0% | −0.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.9% | +2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.8% | +5.8% | +7.8% | +8.4% | −1.5% |
| YTD | +10.2% | +10.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.7% | +12.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 1, 2024 | +40.2% | +40.2% | — | — | — |
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: MRCP vs SPY
From Mar 1, 2024: MRCP grew to $14,018, SPY to $15,303.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MRCP returns by calendar year
1 of 1 full years positive. Best 2025 (+14.1%), worst 2025 (+14.1%). 2026 is year to date.
MRCP annual returns table
| Year | MRCP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.2% | −4.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.1% | −10.7% | +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.
MRCP largest drawdowns
Now 0.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 28, 2025 | −10.7% | Apr 8, 2025 | May 16, 2025 | 39 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.
MRCP risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +13.8% |
| Volatility (annualized) | 6.5% |
| Sharpe ratio | 1.38 |
| Sortino ratio | 2.59 |
| Best month | +6.1% |
| Worst month | −3.1% |
| Best 12 months | +21.0% |
| Worst 12 months | +9.6% |
| Positive months | 83% |
| 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.
MRCP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 20 | +9.6% | +13.3% | +21.0% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MRCP performance overview
PGIM US Large-Cap Buffer 12 ETF - March (MRCP) returned +12.7% over the past year, with distributions reinvested. Since its first recorded price on Mar 1, 2024 it has returned +40.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −10.7%, from Feb 28, 2025 to Apr 8, 2025, and it took 38 days to get back to the old high. Volatility has been 6.5% a year.
Related: MRCP chart. See the MRCP overview for the latest quote and fund facts.
MRCP performance FAQ
What is the MRCP return over the past year?
MRCP returned +12.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.7%.
How much would $10,000 invested in MRCP be worth?
$10,000 invested in MRCP at its first recorded close on March 1, 2024 would be worth about $14,018 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MRCP?
The largest peak-to-trough decline was −10.7% between February 28, 2025 and April 8, 2025. It recovered to the old high on May 16, 2025, 38 days after the bottom.
How volatile is MRCP?
Over the past history MRCP had an annualized volatility of 6.5% and a Sharpe ratio of 1.38 (excess return over 1–3 month T-bills per unit of risk).