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PQAP vs QJUN

PGIM Nasdaq-100 Buffer 12 ETF - April

PQAPBNasdaq

FT Vest Nasdaq-100 Buffer ETF - June

QJUNCCboe

Overlap

Expense ratio

PQAP −0.40pt a year

PQAP0.50%QJUN0.90%

Avg volume · 30D

QJUN 8.5×the volume

PQAP6.17KQJUN52.1K

PQAP vs QJUN Performance

Oct 31, 2025 – Oct 30, 2026

+15.5%PQAP+3.9%QJUN

Oct 31, 2025 to Oct 30, 2026. PQAP +15.5%. QJUN +3.9%. Use the arrow keys to read each point.0%10%Oct 2025Apr 2026Oct 2026
Expense ratio
PQAP 0.50%, better
QJUN 0.90%
Fund size
PQAP $32M
QJUN $721M
1Y total return
PQAP +15.5%, better
QJUN +3.9%
Holdings
PQAP 4
QJUN 3
Avg volume (30D)
PQAP 6.17K sh
QJUN 52.1K sh, better
NAV per share
PQAP $32.96
QJUN $32.72
52W range

ETF.net Grade

PQAP: Cost 76, Risk 93, Mission not scored, Tradability 29, Holdings not scored, Durability 49. QJUN: Cost 15, Risk 41, Mission not scored, Tradability 81, Holdings 56, Durability 87.
Pillar letters and Scores for PQAP, QJUN, with each pillar’s weight
PillarPQAPQJUN
Cost30% weightA76HigherF15
Mission25% weightNot scoredNot scored
Risk15% weightA93HigherC41
Tradability15% weightD29A81Higher
Holdings10% weightNot scoredB56
Durability5% weightC49A87Higher

Rank among Nasdaq-100 Buffer 9-12% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PQAP and QJUN are both graded against the same 12 Nasdaq-100 Buffer 9-12% funds, so their Grades compare head to head.

Nasdaq-100 Buffer 9-12%⁠

Category · 12 funds
See all 12 ›

PQAP ranks 1st and QJUN 9th of 12 funds in the Nasdaq-100 Buffer 9-12% Category.

  1. Rank 1BPQAPPGIM Nasdaq-100 Buffer 12 ETF - AprilScore 66
  2. Rank 2BPQJAPGIM Nasdaq-100 Buffer 12 ETF - JanuaryScore 62
  3. Rank 8CQDECFT Vest Nasdaq-100 Buffer ETF - DecemberScore 44
  4. Rank 9CQJUNFT Vest Nasdaq-100 Buffer ETF - JuneScore 43
  5. Rank 10CDDNQInnovator Growth-100 Dual Directional 5 Buffer ETFScore 42

Our read on each fund

ETF.net Research

PQAPBPGIM Nasdaq-100 Buffer 12 ETF - April

QJUNCFT Vest Nasdaq-100 Buffer ETF - June

In short

PQAP A one-year cushion on the Nasdaq-100, with a bit more padding than the category norm: PQAP absorbs the first 12% of a QQQ drop over each period starting April 1, and charges 0.50% to do it.

QJUN One of four First Trust Nasdaq-100 buffer funds, each keyed to a different quarter. QJUN's clock runs June to June: the first 10% of a QQQ decline is absorbed, and upside stops at a cap that resets every June.

Stated mandate

PQAP The Fund seeks to match QQQ’s price return up to a predetermined cap while buffering the first 12% of QQQ losses over a one-year target outcome period.

QJUN The Fund seeks to match the price return of the Invesco QQQ Trust, Series 1 up to a 24.97% upside cap while protecting against the first 10% of losses during the June 22, 2026–June 17, 2027 outcome period.

Why people hold it

  • PQAP The buffer runs 12 percentage points deep, versus the 10% cushion on the Innovator Nasdaq-100 buffer fund (QBUF) sitting in the same peer group.pgim.com
  • 0.50% a year undercuts the typical Nasdaq-100 buffer fund, including QBUF at 0.79%. In a strategy where the option budget sets your cap, fee drag matters.
  • April is one of four start months PGIM runs on this same 12% QQQ recipe (January, April, July, October), so entry points can be staggered instead of bunched.pgim.com
  • Mechanically clean build: FLEX options on QQQ itself, a stated one-year outcome period, and one of the stronger risk profiles among Nasdaq-100 buffer funds.
  • QJUN The terms are a contract, not a hope: a 10% buffer against QQQ losses and a stated cap, both fixed for a June-to-June outcome period, so the shape of the trade is known up front.ftportfolios.com
  • Siblings QMAR, QSPT and QDEC run the same design on different quarters, so the strategy can be laddered across start dates instead of hinging on one June entry point.
  • Running since 2021 with a few hundred million in assets and regular daily volume, it is an established name in a category full of thinly used launches.

Worth knowing

  • PQAP The upside cap is reset for each period and is unknown until it starts. Above it, QQQ's gains keep going without you.pgim.com
  • The 12% buffer is measured before fees and expenses and applies to holders across a full period. Buy mid-period and your own cushion and cap differ from the headline terms.pgim.com
  • Small and lightly traded next to the buffer giants, so spreads can be wider. It also launched in late 2024, giving it a short record.
  • QJUN At 0.90% it sits above the typical Nasdaq-100 buffer fund near 0.79%, and cheaper takes exist: QBUF at 0.79%, PQAP at 0.50%, QTR at 0.25%.
  • The reference is QQQ's price return, so Nasdaq-100 dividends are outside the deal.
  • Buying mid-period is a different trade: buffer left and room to the cap depend on where QQQ has moved since the June reset, not on the headline terms.ftportfolios.com

Full PQAP profile⁠

Full QJUN profile⁠

PQAP vs QJUN Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PQAP vs QJUN Cost

Overpaying QJUN vs PQAP

$7,061

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PQAP 0.50%

    $9,979

  • QJUN 0.90%

    $17,040

$10,000
30 years

Cost over time

  • PQAP 0.50%
  • QJUN 0.90%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QJUN $17,040PQAP $9,979

Year by year

YearPQAPQJUNOverpaying
10$900$1,593$693
20$3,460$6,015$2,555
30$9,979$17,040$7,061

Expense ratio

  • 0.50%PQAP, cheaper
  • 0.90%QJUN
  • Middle half of Nasdaq-100 Buffer 9-12% funds
  • Median 0.79%

PQAP 2nd cheapest of 12 funds

QJUN 9th cheapest of 12 funds

PQAP vs QJUN Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
PQAP No data
QJUN None
Last payment
PQAP $0.0049
QJUN No data
Ex-dividend
PQAP Dec 30, 2025
QJUN No data
Paid on
PQAP Jan 2, 2026
QJUN No data
Frequency
PQAP Irregular
QJUN No data

Distribution history

Per share, 2025 to 2026, same scale for both

PQAPIrregular · 1 paymentAll PQAP payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.0049. Use the arrow keys to read each point.$0$0.0052026YTD
QJUNAll QJUN payments⁠

No distribution history available.

PQAP vs QJUN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PQAP 6.7%since Feb 2025QJUN 9.9%
Return per unit of riskSharpe ratio, 3 years
PQAP 1.59since Feb 2025QJUN 1.01
Worst fallMax drawdown, 5 years
PQAP −10.8%since Jan 2025QJUN −19.9%
Market sensitivityBeta, 5 years
PQAP 0.43QJUN 0.71

PQAP and QJUN in the news

All news⁠

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