PBLvsONEZETF Comparison
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PGIM Portfolio Ballast ETF (PBL) and TrueShares Seasonality Laddered Buffered ETF (ONEZ) belong to the same industry segment: Options Strategies. PBL's top 3 sector exposures are Sovereign, Non-Corporate and Technology. In contrast, ONEZ's top sector exposures are Sovereign and Non-Corporate. PBL is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.96% for ONEZ. PBL is up 9.32% year-to-date (YTD) with -$2M in YTD flows. ONEZ performs worse with 7.81% YTD performance, and +$204M in YTD flows. Run a side-by-side ETF comparison of PBL and ONEZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PBL vs ONEZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBL ONEZ | +2.49%+0.24% | +1.20%-0.07% | +9.32%+7.81% | +14.73%+12.44% | +48.94%n/a | n/an/a |
| Flows | PBL ONEZ | -+$2M | -$2M+$7M | -$2M+$204M | +$2M+$209M | +$37M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBL ONEZ | +9.54%+9.80% | +8.83%+9.18% | +9.17%n/a | n/an/a |
| Max drawdown | PBL ONEZ | -3.11%-3.17% | -5.85%-6.47% | -11.66%n/a | n/an/a |
| Max drawdown duration | PBL ONEZ | 62d62d | 75d92d | 200dn/a | n/an/a |
Trading data
PBL | ONEZ | |
Last sale 9/1/2026 at 1:30 PM | $33.43 | $28.07 |
| Previous close 09/01/2026 | $33.73 | $27.95 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
PBL | ONEZ | |
|---|---|---|
| Last price | $33.43 | $28.07 |
| 1D performance | -0.89% | +0.44% |
| AuM | $79.74 M | $345.12 M |
| E/R | 0.45% | 0.96% |
Characteristics
PBL | ONEZ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PGIM | TrueShares |
| Benchmark | - | - |
| N° of holdings | 601 | 16 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 12, 2022 | January 25, 2025 |
| ESG | No | No |
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Exposure
Countries
PBL
USA
73.54%
Other
26.46%
ONEZ
USA
92.68%
Other
7.32%
Sectors
PBL
Sovereign
56.66%
Non-Corporate
13.75%
Other
29.6%
ONEZ
Sovereign
92.37%
Other
7.63%
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Diversification
PBL
Total weight of top 15 holdings out of 15
63.97%
ONEZ
Total weight of top 15 holdings out of 15
92.37%
Top 15 holdings
Data as of July 31, 2026
PBL
USA, Notes 4.125% 31oct2029, USD (AF-2029)
19.84%
USA, Notes 3.625% 30sep2031, USD (Q-2031)
16.25%
PGIM Core Government Money Market Fund
13.74%
USA, Notes 4.125% 31oct2026, USD (BJ-2026)
7.21%
USA, Notes 3.875% 15aug2034, USD (E-2034)
5.14%
NVIDIA Corp.
0.24%
Apple, Inc.
0.24%
Microsoft Corp.
0.17%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.17%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.16%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.16%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.16%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.16%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.16%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.16%
ONEZ
USA, Bills 0% 10jun2027, USD (364D)
7.07%
USA, Bills 0% 15apr2027, USD (364D)
7.04%
USA, Bills 0% 13may2027, USD (364D)
6.97%
USA, Bills 0% 3sep2026, USD (364D)
6.94%
USA, Bills 0% 6aug2026, USD (364D)
6.91%
USA, Bills 0% 27nov2026, USD (364D)
6.89%
USA, Bills 0% 8jul2027, USD (364D)
6.89%
USA, Bills 0% 18feb2027, USD (364D)
6.82%
USA, Bills 0% 21jan2027, USD (364D)
6.77%
USA, Bills 0% 24dec2026, USD (363D)
6.74%
USA, Bills 0% 18mar2027, USD (364D)
6.68%
USA, Bills 0% 29oct2026, USD (364D)
6.65%
USA, Bills 0% 20aug2026, USD (182D)
3.34%
USA, Bills 0% 17sep2026, USD (182D)
3.34%
USA, Bills 0% 15oct2026, USD (182D)
3.33%
Frequently asked questions about PBL and ONEZ
How have the PBL and ONEZ ETFs performed in 2026?
As of August 31, 2026, PBL is up 9.32% year-to-date (YTD), while ONEZ has returned 7.81%. That puts PBL better performer ahead so far this year.
Which ETF is attracting more investor money: PBL or ONEZ?
Year-to-date, the PBL ETF saw -$2M in flows, compared to +$204M for ONEZ.
Which ETF is more volatile: PBL or ONEZ?
Over the past year, PBL had a volatility of 8.83%, while ONEZ experienced 9.18%.
Which ETF is bigger: PBL or ONEZ?
As of August 31, 2026, PBL holds $79.74 M in assets under management (AUM), while ONEZ manages $345.12 M.
What sectors do the PBL and ONEZ ETFs invest in?
PBL leans toward sectors like Sovereign and Non-Corporate. Meanwhile, ONEZ focuses on Sovereign.
What are the top holdings of the PBL ETF and ONEZ ETF?
PBL top holdings include USA, Notes 4.125% 31oct2029, USD (AF-2029), USA, Notes 3.625% 30sep2031, USD (Q-2031) and PGIM Core Government Money Market Fund. ONEZ holds in its top three: USA, Bills 0% 10jun2027, USD (364D), USA, Bills 0% 15apr2027, USD (364D) and USA, Bills 0% 13may2027, USD (364D).
Which ETF is more diversified: PBL or ONEZ?
PBL holds 609 securities with 63.97% of its assets in the top 15. ONEZ has 16 securities and a top 15 weight of 92.37%.
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