BUFP vs PBFR
PGIM Laddered S&P 500 Buffer 12 ETF vs PGIM Laddered S&P 500 Buffer 20 ETF
Which is better, BUFP or PBFR?
BUFP has been ahead.
BUFP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BUFP | PBFR |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $263M | $226M |
| Dividend Yield | 0.01% | 0.01% |
| Holdings | 28 | 28 |
| YTD Return | +10.49%Best | +7.87% |
| 1Y Return | +13.52%Best | +10.25% |
| Volatility (annualized) | 6.0% | 4.2%Best |
| Max Drawdown | -12.0% | -8.5%Best |
| $10,000 over 2.3 years | $13,211Best | $12,532 |
| Top 10 Weight | 83.3%Tie | 83.3%Tie |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jun 11, 2024 | Jun 11, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 13, 2024 to Oct 13, 2026 (2.3 years).
BUFP vs PBFR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
BUFP vs PBFR Performance
PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) is an ETF from PGIM Investments and PGIM Laddered S&P 500 Buffer 20 ETF (PBFR) is an ETF from PGIM Investments. Over the past year BUFP returned +13.52% while PBFR returned +10.25%. Year to date, BUFP is up 10.49% versus a gain of 7.87% for PBFR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BUFP has been the more volatile fund, with annualized monthly volatility of 6.0% compared with 4.2% for PBFR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.0% for BUFP and -8.5% for PBFR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BUFP charges 0.50% per year while PBFR charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, BUFP currently yields 0.01% against 0.01% for PBFR.
Holdings Overlap
We hold position weights for 12 holdings in BUFP and 12 in PBFR, totalling 100.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 12 positions we hold weights for in BUFP and 12 in PBFR, against full books of 28 and 28.
What only one of them owns
Our book lists 12 positions for PBFR that do not appear in our book for BUFP (100.0% of the fund), and 12 for BUFP that do not appear in PBFR (100.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of BUFP and PBFR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BUFP or PBFR?
BUFP has an expense ratio of 0.50% while PBFR charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, BUFP or PBFR?
Over the past year BUFP returned +13.52% vs +10.25% for PBFR, so BUFP leads on 1-year performance. Over the longest common window we track (2 years), BUFP annualized +12.87% vs +10.31% for PBFR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUFP or PBFR?
BUFP has been the more volatile fund at 6.0% annualized versus 4.2% for PBFR. Worst drawdown: BUFP -12.0% vs PBFR -8.5%.
Should I hold both BUFP and PBFR?
BUFP and PBFR have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BUFP or PBFR?
BUFP yields 0.01% while PBFR yields 0.01%, so PBFR currently pays the higher dividend yield.
Is PBFR better than BUFP?
BUFP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.