PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) Performance
PBQQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.1% since Dec 31, 2025
- 1 year
- +12.3% total return
- Since first price
- +27.2% since 2025
PBQQ trailing returns vs SPY, QQQ, AGG
| Period | PBQQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.9% | −1.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.9% | +4.9% | +7.8% | +8.4% | −1.5% |
| YTD | +10.1% | +10.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.3% | +12.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 2, 2025 | +27.2% | +27.1% | — | — | — |
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: PBQQ vs SPY
From Jan 2, 2025: PBQQ grew to $12,715, SPY to $13,254.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PBQQ returns by calendar year
2026 is year to date.
PBQQ annual returns table
| Year | PBQQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.1% | −4.7% | +12.3% | +15.1% | −1.0% |
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.
PBQQ largest drawdowns
Now 3.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −12.9% | Apr 8, 2025 | May 16, 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.
PBQQ risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +15.9% |
| Volatility (annualized) | 8.7% |
| Sharpe ratio | 1.30 |
| Sortino ratio | 3.11 |
| Best month | +8.0% |
| Worst month | −3.2% |
| Best 12 months | +24.6% |
| Worst 12 months | +14.2% |
| 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.
PBQQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 10 | +11.5% | +15.8% | +24.6% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
PBQQ performance overview
PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) returned +12.3% over the past year, with distributions reinvested. Since its first recorded price on Jan 2, 2025 it has returned +27.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −12.9%, from Feb 19, 2025 to Apr 8, 2025, and it took 38 days to get back to the old high. Volatility has been 8.7% a year.
Related: PBQQ chart, PBQQ dividends. See the PBQQ overview for the latest quote and fund facts.
PBQQ performance FAQ
What is the PBQQ return over the past year?
PBQQ returned +12.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.2%.
How much would $10,000 invested in PBQQ be worth?
$10,000 invested in PBQQ at its first recorded close on January 2, 2025 would be worth about $12,715 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of PBQQ?
The largest peak-to-trough decline was −12.9% between February 19, 2025 and April 8, 2025. It recovered to the old high on May 16, 2025, 38 days after the bottom.
How volatile is PBQQ?
Over the past history PBQQ had an annualized volatility of 8.7% and a Sharpe ratio of 1.30 (excess return over 1–3 month T-bills per unit of risk).