BUFP vs. PSDM

Last updated Apr 1, 2026

Compare and contrast key facts about PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) and PGIM Short Duration Multi-Sector Bond ETF (PSDM).

BUFP and PSDM 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. PSDM is an actively managed fund by PGIM. It was launched on Jul 19, 2023.

Performance

BUFP vs. PSDM - 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 Short Duration Multi-Sector Bond ETF (PSDM). The values are adjusted to include any dividend payments, if applicable.

BUFP vs. PSDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	-1.34%	12.92%	6.36%
PSDM PGIM Short Duration Multi-Sector Bond ETF	0.48%	6.16%	3.45%

Returns By Period

In the year-to-date period, BUFP achieves a -1.34% return, which is significantly lower than PSDM's 0.48% return.

BUFP

• 1D: 1.96%
• 1M: -2.04%
• YTD: -1.34%
• 6M: 1.19%
• 1Y: 13.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSDM

• 1D: 0.59%
• 1M: -0.45%
• YTD: 0.48%
• 6M: 1.75%
• 1Y: 5.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BUFP vs. PSDM - Expense Ratio Comparison

BUFP has a 0.50% expense ratio, which is higher than PSDM's 0.40% expense ratio.

BUFP

PGIM Laddered S&P 500 Buffer 12 ETF

PSDM

PGIM Short Duration Multi-Sector Bond ETF

Return for Risk

BUFP vs. PSDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BUFP

BUFP Risk / Return Rank: 75
BUFP Sharpe Ratio Rank: 69
BUFP Sortino Ratio Rank: 73
BUFP Omega Ratio Rank: 81
BUFP Calmar Ratio Rank: 67
BUFP Martin Ratio Rank: 85

PSDM

PSDM Risk / Return Rank: 96
PSDM Sharpe Ratio Rank: 96
PSDM Sortino Ratio Rank: 98
PSDM Omega Ratio Rank: 97
PSDM Calmar Ratio Rank: 95
PSDM Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BUFP vs. PSDM - 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 Short Duration Multi-Sector Bond ETF (PSDM). 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	PSDM	Difference
Sharpe ratio Return per unit of total volatility	1.23	2.60	-1.37
Sortino ratio Return per unit of downside risk	1.86	4.17	-2.31
Omega ratio Gain probability vs. loss probability	1.31	1.55	-0.24
Calmar ratio Return relative to maximum drawdown	1.71	4.19	-2.49
Martin ratio Return relative to average drawdown	9.81	16.21	-6.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUFP vs. PSDM - Sharpe Ratio Comparison

The current BUFP Sharpe Ratio is 1.23, which is lower than the PSDM Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of BUFP and PSDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BUFP	PSDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	2.60	-1.37
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	2.99	-1.97

Correlation

The correlation between BUFP and PSDM is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BUFP vs. PSDM - Dividend Comparison

BUFP's dividend yield for the trailing twelve months is around 0.01%, less than PSDM's 5.32% yield.

	TTM	2025	2024	2023
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	0.01%	0.01%	0.02%	0.00%
PSDM PGIM Short Duration Multi-Sector Bond ETF	5.32%	4.57%	5.17%	2.91%

Drawdowns

BUFP vs. PSDM - Drawdown Comparison

The maximum BUFP drawdown since its inception was -11.98%, which is greater than PSDM's maximum drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for BUFP and PSDM.

Drawdown Indicators

	BUFP	PSDM	Difference
Max Drawdown Largest peak-to-trough decline	-11.98%	-1.19%	-10.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.16%	-1.19%	-6.97%
Current Drawdown Current decline from peak	-2.54%	-0.45%	-2.09%
Average Drawdown Average peak-to-trough decline	-1.08%	-0.17%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	0.31%	+1.11%

Volatility

BUFP vs. PSDM - Volatility Comparison

PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) has a higher volatility of 3.41% compared to PGIM Short Duration Multi-Sector Bond ETF (PSDM) at 0.91%. This indicates that BUFP's price experiences larger fluctuations and is considered to be riskier than PSDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUFP	PSDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	0.91%	+2.50%
Volatility (6M) Calculated over the trailing 6-month period	4.99%	1.18%	+3.81%
Volatility (1Y) Calculated over the trailing 1-year period	11.11%	1.96%	+9.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.79%	2.02%	+7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.79%	2.02%	+7.77%