PBJAPGIM S&P 500 Buffer 20 ETF - January
Seeks returns that match the price return of SPDR S&P 500 ETF up to a cap with a 20% downside buffer.
PGIM · Since 2023 (2 years)
0.50%
#2384 out of 5,332 ETFs
$52M
#3305 out of 5,332 ETFs
0.00%
2 years
#3462 out of 5,332 ETFs
Performance
1 Year
+15.2%
3 Years
N/A
5 Years
N/A
What's inside
Asset allocation
Risk profile
5.1%
Moderate
-8.5%
Worst peak-to-trough loss
N/A
N/A
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05