- CUSIP
- 69420N718
- Issuer
- PGIM
- Inception Date
- Jun 11, 2024
- Category
- Defined Outcome, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $184M
Share Price Chart
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Performance
BUFP Performance Chart
PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) is up 6.3% since the beginning of the year. BUFP is currently trading at $32 per share.
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Returns By Period
PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) has returned 6.33% so far this year and 17.31% over the past 12 months.
PGIM Laddered S&P 500 Buffer 12 ETF
- 1D
- 0.28%
- 1M
- 0.57%
- YTD
- 6.33%
- 6M
- 6.42%
- 1Y
- 17.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BUFP Monthly Returns History
Based on dividend-adjusted daily data since Jun 13, 2024, BUFP's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 72% of months were positive and 28% were negative. The best month was Apr 2026 with a return of +5.4%, while the worst month was Mar 2025 at -3.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BUFP closed higher 60% of trading days. The best single day was Apr 9, 2025 with a return of +6.1%, while the worst single day was Apr 4, 2025 at -4.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.92% | -0.20% | -2.04% | 5.42% | 2.27% | -0.03% | 6.33% | ||||||
| 2025 | 1.80% | -0.22% | -3.44% | -0.26% | 3.92% | 3.37% | 1.64% | 1.21% | 1.84% | 0.95% | 0.67% | 0.92% | 12.92% |
| 2024 | 0.54% | 0.81% | 1.60% | 1.22% | 0.05% | 2.78% | -0.82% | 6.30% |
Benchmark Metrics
PGIM Laddered S&P 500 Buffer 12 ETF has an annualized alpha of 3.17%, beta of 0.55, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since June 13, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (54.79%) than losses (34.69%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.17% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.55 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.17%
- Beta
- 0.55
- R²
- 0.91
- Upside Capture
- 54.79%
- Downside Capture
- 34.69%
Expense Ratio
BUFP has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BUFP ranks 88 for risk / return — in the top 88% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BUFP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.37 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 2.78 | +1.16 |
| Martin ratioReturn relative to average drawdown | 21.61 | 12.44 | +9.17 |
Dividends
Dividend History
PGIM Laddered S&P 500 Buffer 12 ETF provided a 0.01% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 |
Dividend yield | 0.01% | 0.01% | 0.02% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Laddered S&P 500 Buffer 12 ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Laddered S&P 500 Buffer 12 ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM Laddered S&P 500 Buffer 12 ETF was 11.98%, occurring on Apr 8, 2025. Recovery took 45 trading sessions.
The current PGIM Laddered S&P 500 Buffer 12 ETF drawdown is 0.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -11.98%Apr 2025 | 2mo 10d | 2mo 5d | 4mo 15dJan 2025 - Jun 2025 |
2026 pullback2026 | -4.41%Mar 2026 | 1mo 2d | 10d | 1mo 12dFeb 2026 - Apr 2026 |
2024 pullback2024 | -4.08%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
2024 pullback2024 | -2.18%Sep 2024 | 3d | 10d | 13dSep 2024 - Sep 2024 |
2025 pullback2025 | -2.14%Nov 2025 | 23d | 6d | 29dOct 2025 - Nov 2025 |
Drawdown Indicators
| BUFP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.98% | -56.78% | +44.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -9.10% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.19% | -1.80% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -10.71% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 2.03% | -1.23% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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