BUFP vs. PJFV

Last updated Aug 2, 2026

BUFP (PGIM Laddered S&P 500 Buffer 12 ETF) and PJFV (PGIM Jennison Focused Value ETF) are both exchange-traded funds - BUFP is a Defined Outcome fund tracking the S&P 500, while PJFV is a Large Cap Value Equities fund actively managed by PGIM. BUFP is passively managed, while PJFV is actively managed. Over the past year, BUFP returned 14.24% vs 34.55% for PJFV. Their correlation of 0.82 means they have usually moved in the same direction. BUFP charges 0.50%/yr vs 0.75%/yr for PJFV.

Performance

BUFP vs. PJFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) and PGIM Jennison Focused Value ETF (PJFV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUFP achieves a 7.12% return, which is significantly lower than PJFV's 20.75% return.

BUFP

• 1D: 0.44%
• 1M: 0.69%
• 6M: 6.15%
• YTD: 7.12%
• 1Y: 14.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.53%

PJFV

• 1D: 0.61%
• 1M: 1.66%
• 6M: 16.44%
• YTD: 20.75%
• 1Y: 34.55%
• 3Y*: 23.42%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	$1.13M	$1.22M	$1.53M
PJFV PGIM Jennison Focused Value ETF	$1.50M	$1.59M	$1.43M

BUFP vs. PJFV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	7.12%	12.92%	6.30%
PJFV PGIM Jennison Focused Value ETF	20.75%	18.65%	9.05%

Correlation

The correlation between BUFP and PJFV is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024	0.82

The correlation between BUFP and PJFV has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.

BUFP vs. PJFV - Sectors Allocation Comparison

Sectors	BUFP	PJFV
Technology	37.9%	20.9%
Financial Services	11.7%	18.0%
Communication Services	10.0%	4.8%
Consumer Cyclical	9.6%	10.5%
Healthcare	9.1%	9.8%
Industrials	8.4%	16.9%
Consumer Defensive	4.6%	3.7%
Energy	3.0%	7.8%
Utilities	2.3%	7.4%
Real Estate	1.9%	-
Basic Materials	1.7%	0.9%

Return for Risk

BUFP vs. PJFV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BUFP

BUFP Risk / Return Rank: 88
BUFP Sharpe Ratio Rank: 86
BUFP Sortino Ratio Rank: 88
BUFP Omega Ratio Rank: 90
BUFP Calmar Ratio Rank: 82
BUFP Martin Ratio Rank: 92

PJFV

PJFV Risk / Return Rank: 93
PJFV Sharpe Ratio Rank: 93
PJFV Sortino Ratio Rank: 93
PJFV Omega Ratio Rank: 92
PJFV Calmar Ratio Rank: 93
PJFV Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BUFP vs. PJFV - 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 PGIM Jennison Focused Value ETF (PJFV). 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.

	BUFP	PJFV	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.53	-0.47
Sortino ratio: Return per unit of downside risk	3.03	3.49	-0.46
Omega ratio: Gain probability vs. loss probability	1.41	1.45	-0.04
Calmar ratio: Return relative to maximum drawdown	3.02	4.52	-1.51
Martin ratio: Return relative to average drawdown	16.13	19.14	-3.02

BUFP vs. PJFV - Sharpe Ratio Comparison

The current BUFP Sharpe Ratio is 2.06, which is comparable to the PJFV Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of BUFP and PJFV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUFP vs. PJFV - Drawdown Comparison

The maximum BUFP drawdown since its inception was -11.98%, smaller than the maximum PJFV drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for BUFP and PJFV.

Drawdown Indicators

	BUFP	PJFV	Difference
Max Drawdown Largest peak-to-trough decline	-11.98%	-18.15%	+6.17%
Max Drawdown (1Y) Largest decline over 1 year	-4.41%	-7.31%	+2.90%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.15%	—
Current Drawdown Current decline from peak	-0.12%	-0.03%	-0.09%
Average Drawdown Average peak-to-trough decline	-0.97%	-2.07%	+1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	1.73%	-0.90%

Volatility

BUFP vs. PJFV - Volatility Comparison

The current volatility for PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) is 1.63%, while PGIM Jennison Focused Value ETF (PJFV) has a volatility of 3.72%. This indicates that BUFP experiences smaller price fluctuations and is considered to be less risky than PJFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUFP	PJFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.63%	3.72%	-2.09%
Volatility (6M) Calculated over the trailing 6-month period	5.23%	10.61%	-5.38%
Volatility (1Y) Calculated over the trailing 1-year period	6.48%	13.10%	-6.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.30%	14.13%	-4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.30%	14.13%	-4.83%

BUFP vs. PJFV - Expense Ratio Comparison

BUFP has a 0.50% expense ratio, which is lower than PJFV's 0.75% expense ratio.

Dividends

BUFP vs. PJFV - Dividend Comparison

BUFP's dividend yield for the trailing twelve months is around 0.01%, less than PJFV's 0.57% yield.

Position	TTM	2025	2024	2023	2022
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	0.01%	0.01%	0.02%	0.00%	0.00%
PJFV PGIM Jennison Focused Value ETF	0.57%	0.68%	1.31%	1.20%	0.12%

Frequently Asked Questions

Can I hold both BUFP and PJFV in my portfolio?

BUFP and PJFV have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUFP or PJFV?

PJFV has higher volatility (3.72%) compared to BUFP (1.63%). In terms of maximum drawdown, BUFP dropped -11.98% vs PJFV's -18.15%.

Which ETF is better, BUFP or PJFV?

On 1-year performance, PJFV leads with 34.55% vs 14.24% for BUFP. On fees, BUFP is cheaper at 0.50% per year. On volatility, BUFP has been the lower-risk option at 1.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUFP or PJFV?

Over the 1-year period, PJFV has performed better with a 34.55% return vs 14.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUFP or PJFV?

BUFP is cheaper with a 0.50% expense ratio, compared with 0.75% for PJFV.

Which ETF pays a higher dividend yield, BUFP or PJFV?

PJFV has the higher dividend yield at 0.57%, compared with 0.01% for BUFP.

What is the main difference between BUFP and PJFV?

BUFP is categorized as Defined Outcome, while PJFV is Large Cap Value Equities. Their fees differ too: 0.50% for BUFP and 0.75% for PJFV.

Which has better risk-adjusted returns?

PJFV currently has the higher Sharpe Ratio (2.53 vs 2.06), 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.