BUFP vs. NAPR
Compare and contrast key facts about PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) and Innovator Nasdaq-100 Power Buffer ETF - April (NAPR).
BUFP and NAPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BUFP is a passively managed fund by PGIM that tracks the performance of the S&P 500. It was launched on Jun 11, 2024. NAPR is a passively managed fund by Innovator that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 31, 2020. Both BUFP and NAPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BUFP vs. NAPR - Performance Comparison
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BUFP vs. NAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BUFP PGIM Laddered S&P 500 Buffer 12 ETF | -1.34% | 12.92% | 6.36% |
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 1.71% | 6.56% | 6.22% |
Returns By Period
In the year-to-date period, BUFP achieves a -1.34% return, which is significantly lower than NAPR's 1.71% return.
BUFP
- 1D
- 1.96%
- 1M
- -2.04%
- YTD
- -1.34%
- 6M
- 1.19%
- 1Y
- 13.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NAPR
- 1D
- 0.13%
- 1M
- 0.66%
- YTD
- 1.71%
- 6M
- 3.74%
- 1Y
- 14.51%
- 3Y*
- 11.94%
- 5Y*
- 8.69%
- 10Y*
- —
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BUFP vs. NAPR - Expense Ratio Comparison
BUFP has a 0.50% expense ratio, which is lower than NAPR's 0.79% expense ratio.
Return for Risk
BUFP vs. NAPR — Risk / Return Rank
BUFP
NAPR
BUFP vs. NAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) and Innovator Nasdaq-100 Power Buffer ETF - April (NAPR). 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.
| BUFP | NAPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.51 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.86 | 2.43 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.52 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.93 | -0.22 |
Martin ratioReturn relative to average drawdown | 9.81 | 14.15 | -4.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BUFP | NAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.51 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.95 | +0.07 |
Correlation
The correlation between BUFP and NAPR is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BUFP vs. NAPR - Dividend Comparison
BUFP's dividend yield for the trailing twelve months is around 0.01%, while NAPR has not paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
BUFP PGIM Laddered S&P 500 Buffer 12 ETF | 0.01% | 0.01% | 0.02% |
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 0.00% | 0.00% | 0.00% |
Drawdowns
BUFP vs. NAPR - Drawdown Comparison
The maximum BUFP drawdown since its inception was -11.98%, smaller than the maximum NAPR drawdown of -16.53%. Use the drawdown chart below to compare losses from any high point for BUFP and NAPR.
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Drawdown Indicators
| BUFP | NAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.98% | -16.53% | +4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -7.53% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.53% | — |
Current DrawdownCurrent decline from peak | -2.54% | 0.00% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -2.34% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.03% | +0.39% |
Volatility
BUFP vs. NAPR - Volatility Comparison
PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) has a higher volatility of 3.41% compared to Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) at 0.65%. This indicates that BUFP's price experiences larger fluctuations and is considered to be riskier than NAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUFP | NAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 0.65% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.99% | 2.23% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 9.65% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.79% | 11.30% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.79% | 10.71% | -0.92% |