BUFX vs. PQAP
BUFX (FT Vest Laddered Enhance & Moderate Buffer ETF) and PQAP (PGIM Nasdaq-100 Buffer 12 ETF - April) are both Defined Outcome funds. Their correlation of 0.83 suggests significant overlap in exposure. BUFX charges 0.96%/yr vs 0.50%/yr for PQAP.
Performance
BUFX vs. PQAP - Performance Comparison
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Returns By Period
In the year-to-date period, BUFX achieves a 4.10% return, which is significantly lower than PQAP's 12.09% return.
BUFX
- 1D
- -0.05%
- 1M
- 1.35%
- YTD
- 4.10%
- 6M
- 4.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PQAP
- 1D
- -0.12%
- 1M
- 2.44%
- YTD
- 12.09%
- 6M
- 13.01%
- 1Y
- 21.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BUFX vs. PQAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF | 4.10% | 5.62% |
PQAP PGIM Nasdaq-100 Buffer 12 ETF - April | 12.09% | 6.81% |
Correlation
The correlation between BUFX and PQAP is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.83 |
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Return for Risk
BUFX vs. PQAP — Risk / Return Rank
BUFX
PQAP
BUFX vs. PQAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX) and PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BUFX | PQAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.68 | 1.76 | +0.92 |
Drawdowns
BUFX vs. PQAP - Drawdown Comparison
The maximum BUFX drawdown since its inception was -2.87%, smaller than the maximum PQAP drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for BUFX and PQAP.
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Drawdown Indicators
| BUFX | PQAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.87% | -10.79% | +7.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.39% | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.12% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -0.60% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.25% | — |
Volatility
BUFX vs. PQAP - Volatility Comparison
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Volatility by Period
| BUFX | PQAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.02% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 4.45% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.98% | 11.03% | -7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.98% | 11.03% | -7.05% |
BUFX vs. PQAP - Expense Ratio Comparison
BUFX has a 0.96% expense ratio, which is higher than PQAP's 0.50% expense ratio.
Dividends
BUFX vs. PQAP - Dividend Comparison
BUFX has not paid dividends to shareholders, while PQAP's dividend yield for the trailing twelve months is around 0.02%.
| Position | TTM | 2025 |
|---|---|---|
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF | 0.00% | 0.00% |
PQAP PGIM Nasdaq-100 Buffer 12 ETF - April | 0.02% | 0.02% |
Frequently Asked Questions
BUFX and PQAP have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PQAP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PQAP is cheaper with a 0.50% expense ratio, compared with 0.96% for BUFX.
PQAP has the higher dividend yield at 0.02%, compared with 0.00% for BUFX.
They also come from different issuers: First Trust and PGIM. Their fees differ too: 0.96% for BUFX and 0.50% for PQAP.
Find the right allocation for BUFX and PQAP
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