MRCP vs. BUFG

Last updated Apr 1, 2026

Compare and contrast key facts about PGIM US Large-Cap Buffer 12 ETF - March (MRCP) and FT Cboe Vest Buffered Allocation Growth ETF (BUFG).

MRCP and BUFG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MRCP is an actively managed fund by PGIM. It was launched on Feb 29, 2024. BUFG is an actively managed fund by FT Vest. It was launched on Oct 26, 2021.

Performance

MRCP vs. BUFG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM US Large-Cap Buffer 12 ETF - March (MRCP) and FT Cboe Vest Buffered Allocation Growth ETF (BUFG). The values are adjusted to include any dividend payments, if applicable.

MRCP vs. BUFG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MRCP PGIM US Large-Cap Buffer 12 ETF - March	-1.03%	14.13%	11.42%
BUFG FT Cboe Vest Buffered Allocation Growth ETF	-2.40%	12.33%	10.06%

Returns By Period

In the year-to-date period, MRCP achieves a -1.03% return, which is significantly higher than BUFG's -2.40% return.

MRCP

• 1D: 1.86%
• 1M: -2.94%
• YTD: -1.03%
• 6M: 1.61%
• 1Y: 13.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUFG

• 1D: 2.17%
• 1M: -3.00%
• YTD: -2.40%
• 6M: -0.30%
• 1Y: 12.91%
• 3Y*: 12.33%
• 5Y*: —
• 10Y*: —

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

MRCP vs. BUFG - Expense Ratio Comparison

MRCP has a 0.50% expense ratio, which is lower than BUFG's 1.05% expense ratio.

BUFG

FT Cboe Vest Buffered Allocation Growth ETF

MRCP

PGIM US Large-Cap Buffer 12 ETF - March

Return for Risk

MRCP vs. BUFG — Risk / Return Rank

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

MRCP

MRCP Risk / Return Rank: 72
MRCP Sharpe Ratio Rank: 66
MRCP Sortino Ratio Rank: 69
MRCP Omega Ratio Rank: 80
MRCP Calmar Ratio Rank: 63
MRCP Martin Ratio Rank: 83

BUFG

BUFG Risk / Return Rank: 64
BUFG Sharpe Ratio Rank: 56
BUFG Sortino Ratio Rank: 61
BUFG Omega Ratio Rank: 66
BUFG Calmar Ratio Rank: 62
BUFG Martin Ratio Rank: 77

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.

MRCP vs. BUFG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM US Large-Cap Buffer 12 ETF - March (MRCP) and FT Cboe Vest Buffered Allocation Growth ETF (BUFG). 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.

	MRCP	BUFG	Difference
Sharpe ratio Return per unit of total volatility	1.19	1.04	+0.15
Sortino ratio Return per unit of downside risk	1.79	1.60	+0.19
Omega ratio Gain probability vs. loss probability	1.32	1.25	+0.07
Calmar ratio Return relative to maximum drawdown	1.65	1.60	+0.05
Martin ratio Return relative to average drawdown	9.54	8.47	+1.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRCP vs. BUFG - Sharpe Ratio Comparison

The current MRCP Sharpe Ratio is 1.19, which is comparable to the BUFG Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of MRCP and BUFG, 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

	MRCP	BUFG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.04	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.58	+0.66

Correlation

The correlation between MRCP and BUFG 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

MRCP vs. BUFG - Dividend Comparison

Neither MRCP nor BUFG has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MRCP vs. BUFG - Drawdown Comparison

The maximum MRCP drawdown since its inception was -10.73%, smaller than the maximum BUFG drawdown of -17.62%. Use the drawdown chart below to compare losses from any high point for MRCP and BUFG.

Drawdown Indicators

	MRCP	BUFG	Difference
Max Drawdown Largest peak-to-trough decline	-10.73%	-17.62%	+6.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-8.49%	+0.13%
Current Drawdown Current decline from peak	-3.04%	-3.69%	+0.65%
Average Drawdown Average peak-to-trough decline	-0.81%	-3.74%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	1.60%	-0.15%

Volatility

MRCP vs. BUFG - Volatility Comparison

The current volatility for PGIM US Large-Cap Buffer 12 ETF - March (MRCP) is 3.48%, while FT Cboe Vest Buffered Allocation Growth ETF (BUFG) has a volatility of 3.88%. This indicates that MRCP experiences smaller price fluctuations and is considered to be less risky than BUFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRCP	BUFG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.88%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	4.84%	6.07%	-1.23%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	12.54%	-1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.48%	12.00%	-2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.48%	12.00%	-2.52%