{"url":"https://etfiq.com/compare/buffer/aprp-vs-arlu","section":"compare","title":"APRP vs ARLU: Cap, Buffer & Days Left | ETFIQ","description":"As of Oct 21, 2026 APRP can fall 10.5% and ARLU 12.9% before its buffer engages, on SPY. Both end their outcome period on Mar 31, 2027.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which resets first, APRP or ARLU?","acceptedAnswer":{"@type":"Answer","text":"APRP ends its outcome period on Mar 31, 2027 and ARLU on Mar 31, 2027. New terms are set the day after each."}},{"@type":"Question","name":"Which is cheaper, APRP or ARLU?","acceptedAnswer":{"@type":"Answer","text":"APRP charges 0.50% a year and ARLU charges 0.74%, so APRP is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"APRP vs ARLU","item":"https://etfiq.com/compare/buffer/aprp-vs-arlu"}]},{"@type":"WebPage","name":"APRP vs ARLU: Cap, Buffer & Days Left","description":"As of Oct 21, 2026 APRP can fall 10.5% and ARLU 12.9% before its buffer engages, on SPY. Both end their outcome period on Mar 31, 2027.","url":"https://etfiq.com/compare/buffer/aprp-vs-arlu","dateModified":"2026-10-21","abstract":"As of Oct 21, 2026 ARLU can fall 12.9% before its buffer engages and APRP 10.5%.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of APRP and ARLU","description":"As of Oct 21, 2026 APRP can fall 10.5% and ARLU 12.9% before its buffer engages, on SPY. Both end their outcome period on Mar 31, 2027.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/aprp-vs-arlu","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":6391,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / APRP vs ARLU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n APRP vs ARLU: Cap, Buffer & Days Left\n\n As of Oct 21, 2026 ARLU can fall 12.9% before its buffer engages and APRP 10.5%.\n Copy this for sharing \n \n APRP costs 0.24 points a year less; their one-year returns differ by 6.2 points; ARLU is 1.7 times larger.\n APRP and ARLU at a glance. As of Oct 21, 2026. Source: ETFIQ. APRP ARLU \n Expense ratio 0.50% 0.74% \n Net assets $33m $56m \n Total return, 1 year +15.3% +9.1% \n What it tracks SPY SPY \n Holdings in common not published \n \n","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, APRP against ARLU, data as of Oct 21, 2026. https://etfiq.com/compare/buffer/aprp-vs-arlu","a":{"ticker":"APRP","name":"PGIM S&P 500 Buffer 12 ETF - April","issuer":"PGIM","desk":"buffer","as_of":"2026-10-21","verdict":"Since Apr 1, 2026, APRP returned 11.1%, against 18.9% for SPY. It can gain 4.5% more before its cap.","url":"https://etfiq.com/funds/aprp","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"4.5%","as_of":"2026-10-21","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"10.5%","as_of":"2026-10-21","source":null},{"label":"Protection left, index points","value":"12.0%","as_of":"2026-10-21","source":null},{"label":"Days to reset","value":"161","as_of":"2026-10-21","source":null},{"label":"Net assets","value":"$33m","as_of":"2026-10-21","source":"issuer page, as of Oct 21, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-10-21","source":"issuer data, Oct 21, 2026"}]},"b":{"ticker":"ARLU","name":"AllianzIM U.S. Equity Buffer15 Uncapped ETF - Apr","issuer":"AllianzIM","desk":"buffer","as_of":"2026-10-21","verdict":"Since Apr 1, 2026, ARLU returned 13.9%, against 18.9% for SPY. It can fall 12.9% before its buffer.","url":"https://etfiq.com/funds/arlu","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"uncapped","as_of":"2026-10-21","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"12.9%","as_of":"2026-10-21","source":null},{"label":"Protection left, index points","value":"15.0%","as_of":"2026-10-21","source":null},{"label":"Days to reset","value":"161","as_of":"2026-10-21","source":null},{"label":"Net assets","value":"$56m","as_of":"2026-10-21","source":"issuer page, as of Oct 21, 2026"},{"label":"Expense ratio","value":"0.74%","as_of":"2026-10-21","source":"issuer page, Oct 21, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/aprp-vs-arlu"}