BUFC vs. TLTW
BUFC (AB Conservative Buffer ETF) and TLTW (iShares 20+ Year Treasury Bond BuyWrite Strategy ETF) are both exchange-traded funds - BUFC is a Options Trading fund actively managed by AllianceBernstein, while TLTW is a Derivative Income fund tracking the CBOE TLT 2% OTM Buywrite Index (USD). BUFC is actively managed, while TLTW is passively managed. Over the past year, BUFC returned 7.90% vs 9.03% for TLTW. At a 0.17 correlation, their price movements are largely independent. BUFC charges 0.69%/yr vs 0.35%/yr for TLTW.
Performance
BUFC vs. TLTW - Performance Comparison
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Returns By Period
In the year-to-date period, BUFC achieves a 2.49% return, which is significantly higher than TLTW's 2.36% return.
BUFC
- 1D
- -0.36%
- 1M
- -0.36%
- YTD
- 2.49%
- 6M
- 2.43%
- 1Y
- 7.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLTW
- 1D
- 0.18%
- 1M
- 2.22%
- YTD
- 2.36%
- 6M
- 2.13%
- 1Y
- 9.03%
- 3Y*
- 0.58%
- 5Y*
- —
- 10Y*
- —
BUFC vs. TLTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BUFC AB Conservative Buffer ETF | 2.49% | 5.50% | 10.81% | 0.65% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 2.36% | 11.36% | -2.18% | 0.76% |
Correlation
The correlation between BUFC and TLTW is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023 | 0.17 |
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Return for Risk
BUFC vs. TLTW — Risk / Return Rank
BUFC
TLTW
BUFC vs. TLTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Conservative Buffer ETF (BUFC) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BUFC | TLTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.52 | +0.67 |
| Martin ratioReturn relative to average drawdown | 9.27 | 4.36 | +4.91 |
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Drawdowns
BUFC vs. TLTW - Drawdown Comparison
The maximum BUFC drawdown since its inception was -8.29%, smaller than the maximum TLTW drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for BUFC and TLTW.
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Drawdown Indicators
| BUFC | TLTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.29% | -18.61% | +10.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -5.97% | +2.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.19% | — |
Current DrawdownCurrent decline from peak | -0.55% | -2.10% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -8.17% | +7.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.08% | -1.23% |
Volatility
BUFC vs. TLTW - Volatility Comparison
AB Conservative Buffer ETF (BUFC) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) have volatilities of 1.62% and 1.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUFC | TLTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.66% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 5.80% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 7.62% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 11.33% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.64% | 11.33% | -5.69% |
BUFC vs. TLTW - Expense Ratio Comparison
BUFC has a 0.69% expense ratio, which is higher than TLTW's 0.35% expense ratio.
Dividends
BUFC vs. TLTW - Dividend Comparison
BUFC has not paid dividends to shareholders, while TLTW's dividend yield for the trailing twelve months is around 11.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BUFC AB Conservative Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 11.62% | 14.82% | 14.47% | 19.59% | 8.71% |
Frequently Asked Questions
BUFC and TLTW have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLTW has higher volatility (1.66%) compared to BUFC (1.62%). In terms of maximum drawdown, BUFC dropped -8.29% vs TLTW's -18.61%.
On 1-year performance, TLTW leads with 9.03% vs 7.90% for BUFC. On fees, TLTW is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TLTW has performed better with a 9.03% return vs 7.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLTW is cheaper with a 0.35% expense ratio, compared with 0.69% for BUFC.
TLTW has the higher dividend yield at 11.62%, compared with 0.00% for BUFC.
BUFC is categorized as Options Trading, while TLTW is Derivative Income. They also come from different issuers: AllianceBernstein and iShares. Their fees differ too: 0.69% for BUFC and 0.35% for TLTW.
BUFC currently has the higher Sharpe Ratio (1.82 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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