- Issuer
- PGIM
- Inception Date
- Jun 11, 2024
- Category
- Defined Outcome, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $154M
Share Price Chart
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Performance
PBFR Performance Chart
PGIM Laddered S&P 500 Buffer 20 ETF (PBFR) is up 4.5% since the beginning of the year. PBFR is currently trading at $31 per share.
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Returns By Period
PGIM Laddered S&P 500 Buffer 20 ETF (PBFR) has returned 4.45% so far this year and 12.60% over the past 12 months.
PGIM Laddered S&P 500 Buffer 20 ETF
- 1D
- -0.13%
- 1M
- 0.30%
- YTD
- 4.45%
- 6M
- 4.57%
- 1Y
- 12.60%
- 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%
PBFR Monthly Returns History
Based on dividend-adjusted daily data since Jun 13, 2024, PBFR's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 76% of months were positive and 24% were negative. The best month was Apr 2026 with a return of +3.8%, while the worst month was Mar 2025 at -2.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PBFR closed higher 60% of trading days. The best single day was Apr 9, 2025 with a return of +4.4%, while the worst single day was Apr 4, 2025 at -3.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.58% | 0.14% | -1.46% | 3.83% | 1.43% | -0.07% | 4.45% | ||||||
| 2025 | 1.36% | -0.36% | -2.13% | -0.19% | 3.16% | 2.63% | 0.99% | 1.15% | 1.28% | 0.74% | 0.47% | 0.98% | 10.44% |
| 2024 | 0.62% | 0.62% | 1.47% | 0.79% | 0.62% | 1.59% | -0.29% | 5.53% |
Benchmark Metrics
PGIM Laddered S&P 500 Buffer 20 ETF has an annualized alpha of 3.31%, beta of 0.39, and R2 of 0.88 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 (39.10%) than losses (16.21%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.31% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.39 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
- 3.31%
- Beta
- 0.39
- R²
- 0.88
- Upside Capture
- 39.10%
- Downside Capture
- 16.21%
Expense Ratio
PBFR has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PBFR ranks 91 for risk / return — in the top 91% 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 20 ETF (PBFR) 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.
| PBFR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.37 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 2.78 | +1.71 |
| Martin ratioReturn relative to average drawdown | 23.30 | 12.44 | +10.86 |
Dividends
Dividend History
PGIM Laddered S&P 500 Buffer 20 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% | 0.01% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Laddered S&P 500 Buffer 20 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 20 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 20 ETF was 8.50%, occurring on Apr 8, 2025. Recovery took 27 trading sessions.
The current PGIM Laddered S&P 500 Buffer 20 ETF drawdown is 0.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -8.50%Apr 2025 | 1mo 19d | 1mo 8d | 2mo 27dFeb 2025 - May 2025 |
2024 pullback2024 | -2.84%Aug 2024 | 20d | 10d | 1moJul 2024 - Aug 2024 |
2026 pullback2026 | -2.82%Mar 2026 | 28d | 12d | 1mo 10dFeb 2026 - Apr 2026 |
2024 pullback2024 | -1.64%Sep 2024 | 3d | 10d | 13dSep 2024 - Sep 2024 |
2025 pullback2025 | -1.62%Nov 2025 | 23d | 12d | 1mo 5dOct 2025 - Dec 2025 |
Drawdown Indicators
| PBFR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.50% | -56.78% | +48.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -9.10% | +6.28% |
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 | -0.29% | -1.80% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -10.71% | +10.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 2.03% | -1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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