PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) Performance
PQAP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.3% since Dec 31, 2025
- 1 year
- +16.4% total return
- Since first price
- +30.8% since 2025
PQAP trailing returns vs SPY, QQQ, AGG
| Period | PQAP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.8% | −0.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.3% | +3.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.8% | +5.8% | +7.8% | +8.4% | −1.5% |
| YTD | +14.3% | +14.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.4% | +16.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 2, 2025 | +30.8% | +30.8% | — | — | — |
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: PQAP vs SPY
From Jan 2, 2025: PQAP grew to $13,084, SPY to $13,254.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PQAP returns by calendar year
2026 is year to date.
PQAP annual returns table
| Year | PQAP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.3% | −2.5% | +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.
PQAP largest drawdowns
Now 1.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −10.8% | Apr 8, 2025 | May 12, 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.
PQAP risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +17.4% |
| Volatility (annualized) | 6.5% |
| Sharpe ratio | 1.91 |
| Sortino ratio | 9.09 |
| Best month | +7.1% |
| Worst month | −0.9% |
| Best 12 months | +24.6% |
| Worst 12 months | +13.7% |
| Positive months | 80% |
| 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.
PQAP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 10 | +13.7% | +17.2% | +24.6% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
PQAP performance overview
PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) returned +16.4% over the past year, with distributions reinvested. Since its first recorded price on Jan 2, 2025 it has returned +30.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −10.8%, from Feb 19, 2025 to Apr 8, 2025, and it took 34 days to get back to the old high. Volatility has been 6.5% a year.
Related: PQAP chart, PQAP dividends. See the PQAP overview for the latest quote and fund facts.
PQAP performance FAQ
What is the PQAP return over the past year?
PQAP returned +16.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 16.4%.
How much would $10,000 invested in PQAP be worth?
$10,000 invested in PQAP at its first recorded close on January 2, 2025 would be worth about $13,084 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of PQAP?
The largest peak-to-trough decline was −10.8% between February 19, 2025 and April 8, 2025. It recovered to the old high on May 12, 2025, 34 days after the bottom.
How volatile is PQAP?
Over the past history PQAP had an annualized volatility of 6.5% and a Sharpe ratio of 1.91 (excess return over 1–3 month T-bills per unit of risk).