Data as of Nov 4, 2026.

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Buffer ETFs

DECT vs PBDE: Cap, Buffer & Days Left

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As of Nov 4, 2026 DECT can fall 11.0% before its buffer engages and PBDE 9.0%.

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Net assets: $37m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Dec, and $39m on Nov 4, 2026 for PGIM S&P 500 Buffer 20 ETF - December.

At a glance
11.0%
DECT can fall this far before its buffer
9.0%
PBDE can fall this far before its buffer
4.0%
DECT can still gain
1.2%
PBDE can still gain
DECT Between buffer and cap
Between buffer and capDECT: reference +12.2% since period start, fund +11.4%; buffer 0 to −10; cap +16.6%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+12.2% gain captured−10.0% floor0% period start+16.6% cap+4.4% more to the capTODAY · SPY +12.2%Between buffer and capDECT: reference +12.2% since period start, fund +11.4%; buffer 0 to −10; cap +16.6%; Between buffer and cap. Data to Nov 4, 2026.10 pts+12.2%−10.0% floor0% start+16.6% cap+4.4% more to the capTODAY · SPY +12.2%

DECT: reference +12.2% since period start, fund +11.4%; buffer 0 to −10; cap +16.6%; Between buffer and cap. Data to Nov 4, 2026.

DECT: reference +12.2% since period start, fund +11.4%; buffer 0 to −10; cap +16.6%; Between buffer and cap. Data to Nov 4, 2026.
PBDE At its cap
At its capPBDE: reference +12.2% since period start, fund +9.3%; buffer 0 to −20; cap +11.1%; At its cap. Data to Nov 4, 2026.20 pts of buffer+11.1% gain captured−20.0% floor0% period start+11.1% capTODAY · SPY +12.2%At its capPBDE: reference +12.2% since period start, fund +9.3%; buffer 0 to −20; cap +11.1%; At its cap. Data to Nov 4, 2026.20 pts of buffer+11.1%−20.0% floor0% start+11.1% capTODAY · SPY +12.2%

PBDE: reference +12.2% since period start, fund +9.3%; buffer 0 to −20; cap +11.1%; At its cap. Data to Nov 4, 2026.

PBDE: reference +12.2% since period start, fund +9.3%; buffer 0 to −20; cap +11.1%; At its cap. Data to Nov 4, 2026.

Pair scorecard

PBDE costs 0.24 points a year less; their one-year returns differ by 2.5 points; PBDE is 1.1 times larger.

Points (pts) are percentage points.

DECT vs PBDE: Cap, Buffer & Days Left
MeasureDECTPBDE
Return
Total return, 1 year+13.2%+10.7%
Drawdown
Index fall to the buffer10.9%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.50%
Net assets, as of Nov 3, 2026$37m$39m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PBDE scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score22.4DECT49.5PBDE

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it →

Method

Window by window

Window by window: DECT vs PBDE: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDECTPBDEDECTPBDE
3 months+1.1%+1.9%+1.4 pts+2.2 pts
6 months+5.1%+4.7%+0.6 pts+0.2 pts
1 year+13.2%+10.7%−0.4 pts−2.9 pts
3 years+53.8%–−22.6 pts–
Since launchNot the same days: DECT Dec 2022 · PBDE May 2024+62.7%+27.6%−25.6 pts−17.2 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

DECT AllianzIM U.S. Equity Buffer10 ETF - Dec · Absorbs the first 10% of loss on SPY and caps the gain at 16.6%, over a period ending Nov 30, 2026 PBDE PGIM S&P 500 Buffer 20 ETF - December · Absorbs the first 20% of loss on SPY and caps the gain at 11.1%, over a period ending Nov 30, 2026
Reference index SPY SPY
Buffer 10% 20%
Outcome period Dec 1, 2025 to Nov 30, 2026 Dec 1, 2025 to Nov 30, 2026
Days left 26 26
Starting cap +16.6% +11.1%
Can still gain 4.0% 1.2%
Fall before buffer 11.0% 9.0%
Protection left, index points 10.0% of 10.0% 20.0% of 20.0%
Index return this period +12.2% +12.2%
Fund return this period +11.4% +9.3%
State today Open At cap
Expense ratio 0.74% 0.50%
Net assets, DECT as of Nov 3, 2026 and PBDE as of Nov 4, 2026 $37m $39m

As of Nov 4, 2026. Source: ETFIQ.

PBDE is already at its cap, so more rise in the index adds nothing to it before the period ends.

Where each one stands today

DECT resets first, on Nov 30, 2026, 26 days from now; PBDE runs to Nov 30, 2026, 26 days. DECT can still gain 4.0% before its cap, PBDE 1.2%. A fall from here reaches DECT’s buffer after 11.0% and PBDE’s after 9.0%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
DECT

From its price on Nov 4, 2026, the fund can gain about 4.0% more before it reaches its cap. The fund's price can fall 11.0% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 10.9% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 26 days remained on Nov 4, 2026. On Nov 30, 2026 the period ends and a new cap is set.

PBDE

SPY had already risen past this fund's cap of +11.1% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 1.2% as the period runs out. The fund's price can fall 9.0% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DECT or PBDE?
From their prices on Nov 4, 2026, DECT can gain about 4.0% before its cap and PBDE about 1.2%, so DECT has more room left this period.
Which resets first, DECT or PBDE?
DECT ends its outcome period on Nov 30, 2026 and PBDE on Nov 30, 2026. A new cap is set the day after each.
Which is cheaper, DECT or PBDE?
DECT charges 0.74% a year and PBDE charges 0.50%, so PBDE is cheaper. Fees come from each fund's prospectus.
Other comparisons
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How this is computed

It is a place in a set, not a rating or a recommendation.

ETFIQ calculates every number from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, DECT against PBDE, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/dect-vs-pbde

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.