PTRB vs. BUFP

Last updated Apr 1, 2026

Compare and contrast key facts about PGIM Total Return Bond ETF (PTRB) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP).

PTRB and BUFP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTRB is an actively managed fund by PGIM. It was launched on Dec 2, 2021. 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

PTRB vs. BUFP - Performance Comparison

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

PTRB vs. BUFP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTRB PGIM Total Return Bond ETF	-0.15%	7.63%	1.75%
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	-1.34%	12.92%	6.36%

Returns By Period

In the year-to-date period, PTRB achieves a -0.15% return, which is significantly higher than BUFP's -1.34% return.

PTRB

• 1D: 0.36%
• 1M: -2.08%
• YTD: -0.15%
• 6M: 1.11%
• 1Y: 4.69%
• 3Y*: 4.71%
• 5Y*: —
• 10Y*: —

BUFP

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

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

PTRB vs. BUFP - Expense Ratio Comparison

PTRB has a 0.49% expense ratio, which is lower than BUFP's 0.50% expense ratio.

BUFP

PGIM Laddered S&P 500 Buffer 12 ETF

PTRB

PGIM Total Return Bond ETF

Return for Risk

PTRB vs. BUFP — Risk / Return Rank

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

PTRB

PTRB Risk / Return Rank: 54
PTRB Sharpe Ratio Rank: 57
PTRB Sortino Ratio Rank: 55
PTRB Omega Ratio Rank: 48
PTRB Calmar Ratio Rank: 62
PTRB Martin Ratio Rank: 49

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

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.

PTRB vs. BUFP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Total Return Bond ETF (PTRB) 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.

	PTRB	BUFP	Difference
Sharpe ratio Return per unit of total volatility	1.02	1.23	-0.21
Sortino ratio Return per unit of downside risk	1.44	1.86	-0.42
Omega ratio Gain probability vs. loss probability	1.18	1.31	-0.13
Calmar ratio Return relative to maximum drawdown	1.57	1.71	-0.14
Martin ratio Return relative to average drawdown	4.71	9.81	-5.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTRB vs. BUFP - Sharpe Ratio Comparison

The current PTRB Sharpe Ratio is 1.02, which is comparable to the BUFP Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of PTRB 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

	PTRB	BUFP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	1.23	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	1.02	-0.98

Correlation

The correlation between PTRB and BUFP is 0.17, 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

PTRB vs. BUFP - Dividend Comparison

PTRB's dividend yield for the trailing twelve months is around 5.18%, more than BUFP's 0.01% yield.

	TTM	2025	2024	2023	2022	2021
PTRB PGIM Total Return Bond ETF	5.18%	4.73%	5.10%	4.62%	4.07%	0.12%
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	0.01%	0.01%	0.02%	0.00%	0.00%	0.00%

Drawdowns

PTRB vs. BUFP - Drawdown Comparison

The maximum PTRB drawdown since its inception was -19.17%, which is greater than BUFP's maximum drawdown of -11.98%. Use the drawdown chart below to compare losses from any high point for PTRB and BUFP.

Drawdown Indicators

	PTRB	BUFP	Difference
Max Drawdown Largest peak-to-trough decline	-19.17%	-11.98%	-7.19%
Max Drawdown (1Y) Largest decline over 1 year	-3.14%	-8.16%	+5.02%
Current Drawdown Current decline from peak	-2.08%	-2.54%	+0.46%
Average Drawdown Average peak-to-trough decline	-7.88%	-1.08%	-6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	1.42%	-0.37%

Volatility

PTRB vs. BUFP - Volatility Comparison

The current volatility for PGIM Total Return Bond ETF (PTRB) is 1.76%, while PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) has a volatility of 3.41%. This indicates that PTRB experiences smaller price fluctuations and is considered to be less risky than BUFP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTRB	BUFP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	3.41%	-1.65%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	4.99%	-2.35%
Volatility (1Y) Calculated over the trailing 1-year period	4.64%	11.11%	-6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.32%	9.79%	-3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.32%	9.79%	-3.47%