PGIM US Large-Cap Buffer 20 ETF - October (PBOC) Performance
PBOC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.8% since Dec 31, 2025
- 1 year
- +9.4% total return
- 5 years
- +25.8% a year
- 10 years
- +12.1% a year
- Since first price
- +4.1% a year since 1999
PBOC trailing returns vs SPY, QQQ, AGG
| Period | PBOC 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 | +2.6% | +2.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.3% | +5.3% | +7.8% | +8.4% | −1.5% |
| YTD | +7.8% | +7.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.4% | +9.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +214.6%+46.5%/yr | +214.6% | — | — | — |
| 5 years | +214.6%+25.8%/yr | +214.6% | — | — | — |
| 10 years | +214.6%+12.1%/yr | +214.6% | — | — | — |
| 15 years | +214.6%+7.9%/yr | +214.6% | — | — | — |
| 20 years | +214.6%+5.9%/yr | +214.6% | — | — | — |
| Since inceptionJan 4, 1999 | +206.9%+4.1%/yr | +206.9% | — | — | — |
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: PBOC vs SPY
From Jan 4, 1999: PBOC grew to $30,693, SPY to $99,891.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PBOC returns by calendar year
4 of 4 full years positive. Best 2024 (+164.8%), worst 2000 (+1.0%). 2026 is year to date.
PBOC annual returns table
| Year | PBOC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.8% | −3.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +10.2% | −8.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +164.8% | −2.5% | +24.9% | +25.6% | +1.3% |
| 2001 | +4.9% | −3.8% | −11.8% | −33.3% | — |
| 2000 | +1.0% | −39.9% | −9.7% | −36.1% | — |
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.
PBOC largest drawdowns
Now 0.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 23, 1999 | −45.4% | Oct 27, 2000 | May 17, 2024 | 1.3 years | 24.8 years |
| Jan 5, 1999 | −20.5% | Jun 3, 1999 | Jul 21, 1999 | 5 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PBOC risk statistics
| Statistic | 3 years | Since 1999 |
|---|---|---|
| Annualized return | +54.7% | +26.5% |
| Volatility (annualized) | 92.6% | 76.7% |
| Sharpe ratio | — | — |
| Sortino ratio | — | — |
| Best month | +150.4% | +150.4% |
| Worst month | −30.1% | −30.1% |
| Best 12 months | +338.5% | +338.5% |
| Worst 12 months | +7.6% | −33.1% |
| Positive months | 81% | 64% |
| Beta vs S&P 500 | 0.58 | — |
| Correlation with S&P 500 | 0.09 | — |
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.
PBOC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 46 | −33.1% | +9.8% | +338.5% | 83% |
| 3-year (a year) | 22 | +36.8% | +48.6% | +74.3% | 100% |
Every holding period starting at a month-end since 1999. Returns for 3 years and longer are annualized.
PBOC performance overview
PGIM US Large-Cap Buffer 20 ETF - October (PBOC) returned +9.4% over the past year and +12.1% a year over ten years, with distributions reinvested. Since its first recorded price in 1999 it has returned +4.1% a year, turning $10,000 into about $30,693. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −45.4%, from Jul 23, 1999 to Oct 27, 2000, and it took 23.6 years to get back to the old high. PBOC finished 4 of its 4 full calendar years with a gain; the best year was 2024 (+164.8%) and the worst 2000 (+1.0%). Volatility has been 76.7% a year.
Related: PBOC chart. See the PBOC overview for the latest quote and fund facts.
PBOC performance FAQ
What is the PBOC return over the past year?
PBOC returned +9.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.4%.
What is the average annual return of PBOC?
PBOC has returned +25.8% a year over 5 years, +12.1% a year over 10 years, +4.1% a year since January 4, 1999 (total return, distributions reinvested).
How much would $10,000 invested in PBOC be worth?
$10,000 invested in PBOC at its first recorded close on January 4, 1999 would be worth about $30,693 on October 23, 2026 with distributions reinvested.
What was the worst year for PBOC?
The worst calendar year was 2000, with a total return of +1.0%. The best was 2024 at +164.8%.
What is the biggest drawdown of PBOC?
The largest peak-to-trough decline was −45.4% between July 23, 1999 and October 27, 2000. It recovered to the old high on May 17, 2024, 23.6 years after the bottom.
How volatile is PBOC?
Over the past 3 years PBOC had an annualized volatility of 92.6%.