BUFR vs. BUFP

Last updated Apr 2, 2026

Compare and contrast key facts about FT Vest Laddered Buffer ETF (BUFR) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP).

BUFR and BUFP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BUFR is an actively managed fund by First Trust. It was launched on Aug 10, 2020. BUFP is a passively managed fund by PGIM that tracks the performance of the S&P 500. It was launched on Jun 11, 2024.

Performance

BUFR vs. BUFP - Performance Comparison

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

BUFR vs. BUFP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BUFR FT Vest Laddered Buffer ETF	-0.93%	12.44%	5.80%
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	-0.84%	12.92%	6.36%

Returns By Period

In the year-to-date period, BUFR achieves a -0.93% return, which is significantly lower than BUFP's -0.84% return.

BUFR

• 1D: 0.50%
• 1M: -1.71%
• YTD: -0.93%
• 6M: 1.42%
• 1Y: 13.93%
• 3Y*: 13.08%
• 5Y*: 8.86%
• 10Y*: —

BUFP

• 1D: 0.50%
• 1M: -1.71%
• YTD: -0.84%
• 6M: 1.58%
• 1Y: 13.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BUFR vs. BUFP - Expense Ratio Comparison

BUFR has a 0.95% expense ratio, which is higher than BUFP's 0.50% expense ratio.

BUFR

FT Vest Laddered Buffer ETF

BUFP

PGIM Laddered S&P 500 Buffer 12 ETF

Return for Risk

BUFR vs. BUFP — Risk / Return Rank

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

BUFR

BUFR Risk / Return Rank: 72
BUFR Sharpe Ratio Rank: 69
BUFR Sortino Ratio Rank: 71
BUFR Omega Ratio Rank: 78
BUFR Calmar Ratio Rank: 61
BUFR Martin Ratio Rank: 80

BUFP

BUFP Risk / Return Rank: 73
BUFP Sharpe Ratio Rank: 68
BUFP Sortino Ratio Rank: 72
BUFP Omega Ratio Rank: 79
BUFP Calmar Ratio Rank: 63
BUFP Martin Ratio Rank: 82

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.

BUFR vs. BUFP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Buffer ETF (BUFR) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP). 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.

	BUFR	BUFP	Difference
Sharpe ratio Return per unit of total volatility	1.26	1.25	+0.01
Sortino ratio Return per unit of downside risk	1.83	1.89	-0.06
Omega ratio Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio Return relative to maximum drawdown	1.63	1.73	-0.10
Martin ratio Return relative to average drawdown	9.16	9.93	-0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUFR vs. BUFP - Sharpe Ratio Comparison

The current BUFR Sharpe Ratio is 1.26, which is comparable to the BUFP Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of BUFR and BUFP, 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

	BUFR	BUFP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.25	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.05	-0.09

Correlation

The correlation between BUFR and BUFP is 0.93, 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

BUFR vs. BUFP - Dividend Comparison

BUFR has not paid dividends to shareholders, while BUFP's dividend yield for the trailing twelve months is around 0.01%.

	TTM	2025	2024
BUFR FT Vest Laddered Buffer ETF	0.00%	0.00%	0.00%
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	0.01%	0.01%	0.02%

Drawdowns

BUFR vs. BUFP - Drawdown Comparison

The maximum BUFR drawdown since its inception was -13.73%, which is greater than BUFP's maximum drawdown of -11.98%. Use the drawdown chart below to compare losses from any high point for BUFR and BUFP.

Drawdown Indicators

	BUFR	BUFP	Difference
Max Drawdown Largest peak-to-trough decline	-13.73%	-11.98%	-1.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-8.16%	-0.60%
Max Drawdown (5Y) Largest decline over 5 years	-13.73%	—	—
Current Drawdown Current decline from peak	-2.30%	-2.05%	-0.25%
Average Drawdown Average peak-to-trough decline	-2.15%	-1.08%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.42%	+0.14%

Volatility

BUFR vs. BUFP - Volatility Comparison

FT Vest Laddered Buffer ETF (BUFR) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) have volatilities of 3.48% and 3.45%, 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.

Volatility by Period

	BUFR	BUFP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.45%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	5.24%	5.01%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	11.11%	11.12%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.46%	9.78%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.33%	9.78%	+0.55%