{"url":"https://etfiq.com/compare/buffer/aprp-vs-flao","section":"compare","title":"APRP vs FLAO: which one stands where? | ETFIQ","description":"As of Oct 1, 2026 APRP can gain 5.3% before its cap and FLAO 6.7%. Each can fall 9.8% and 5.4% before its buffer engages, on SPY.","as_of":"Oct 1, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, APRP or FLAO?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Oct 1, 2026, APRP can gain about 5.3% before its cap and FLAO about 6.7%, so FLAO has more room left this period."}},{"@type":"Question","name":"Which resets first, APRP or FLAO?","acceptedAnswer":{"@type":"Answer","text":"APRP ends its outcome period on Mar 31, 2027 and FLAO on Mar 31, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, APRP or FLAO?","acceptedAnswer":{"@type":"Answer","text":"APRP charges 0.50% a year and FLAO 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":"APRP vs FLAO","item":"https://etfiq.com/compare/buffer/aprp-vs-flao"}]},{"@type":"WebPage","name":"APRP vs FLAO: which one stands where?","description":"As of Oct 1, 2026 APRP can gain 5.3% before its cap and FLAO 6.7%. Each can fall 9.8% and 5.4% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/aprp-vs-flao","dateModified":"2026-10-01","abstract":"As of Oct 1, 2026 APRP can fall 9.8% before its buffer engages and FLAO 5.4%.","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 FLAO","description":"As of Oct 1, 2026 APRP can gain 5.3% before its cap and FLAO 6.7%. Each can fall 9.8% and 5.4% before its buffer engages, on SPY.","dateModified":"2026-10-01","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/aprp-vs-flao","license":"https://etfiq.com/standards/","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":5687,"truncated":true,"content":"ETFIQ / Buffer ETFs / Head to head / APRP vs FLAO \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 1, 2026 .\n\n APRP vs FLAO: which one stands where?\n\n As of Oct 1, 2026 APRP can fall 9.8% before its buffer engages and FLAO 5.4%.\n Copy this for sharing \n \n PGIM S&P 500 Buffer 12 ETF - April and AllianzIM U.S. Equity Floor5 ETF - Apr.\n\n Download as PDF \n\n 9.8% APRP can fall this far before its buffer \n 5.4% FLAO can fall this far before its buffer \n 5.3% APRP can still gain \n 6.7% FLAO can still gain \n\n APRP At its cap [APRP: reference +17.2% since period start, fund +10.3%; buffer 0 t","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/","citation":"ETFIQ, as of Oct 1, 2026. https://etfiq.com/compare/buffer/aprp-vs-flao","a":{"ticker":"APRP","name":"PGIM S&P 500 Buffer 12 ETF - April","issuer":"PGIM","desk":"buffer","as_of":"2026-09-30","verdict":"As of Sep 30, 2026, APRP has reached its cap.","url":"https://etfiq.com/funds/aprp","key_facts":[{"label":"Past the cap, price drift left","value":"5.3%","as_of":"2026-09-30","source":null},{"label":"Fall before the buffer","value":"9.8%","as_of":"2026-09-30","source":null},{"label":"Protection left, index points","value":"12.0%","as_of":"2026-09-30","source":null},{"label":"Days to reset","value":"182","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$32m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-09-30","source":"issuer data, Sep 30, 2026"}]},"b":{"ticker":"FLAO","name":"AllianzIM U.S. Equity Floor5 ETF - Apr","issuer":"AllianzIM","desk":"buffer","as_of":"2026-10-01","verdict":"As of Oct 1, 2026, FLAO is between its buffer and cap, with SPY flat since the period began.","url":"https://etfiq.com/funds/flao","key_facts":[{"label":"Can still gain","value":"6.7%","as_of":"2026-10-01","source":null},{"label":"Fall before the buffer","value":"5.4%","as_of":"2026-10-01","source":null},{"label":"Protection left, index points","value":"95.0%","as_of":"2026-10-01","source":null},{"label":"Days to reset","value":"182","as_of":"2026-10-01","source":null},{"label":"Net assets","value":"$9m","as_of":"2026-10-01","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.74%","as_of":"2026-10-01","source":"issuer page, Oct 1, 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-flao"}