QMFE vs. BUFP

Last updated Jun 4, 2026

QMFE (FT Vest Nasdaq-100 Moderate Buffer ETF - February) and BUFP (PGIM Laddered S&P 500 Buffer 12 ETF) are both Defined Outcome funds - QMFE tracks the Invesco QQQ Trust (QQQ) Price Return while BUFP tracks the S&P 500. Both are passively managed. Over the past year, QMFE returned 20.18% vs 17.24% for BUFP. Their correlation of 0.90 suggests significant overlap in exposure. QMFE charges 0.90%/yr vs 0.50%/yr for BUFP.

Performance

QMFE vs. BUFP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Nasdaq-100 Moderate Buffer ETF - February (QMFE) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QMFE achieves a 9.21% return, which is significantly higher than BUFP's 6.23% return.

QMFE

• 1D: -0.19%
• 1M: 2.40%
• YTD: 9.21%
• 6M: 9.98%
• 1Y: 20.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUFP

• 1D: -0.22%
• 1M: 2.04%
• YTD: 6.23%
• 6M: 7.00%
• 1Y: 17.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QMFE vs. BUFP - Yearly Performance Comparison

	2026 (YTD)	2025
QMFE FT Vest Nasdaq-100 Moderate Buffer ETF - February	9.21%	11.58%
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	6.23%	10.87%

Correlation

The correlation between QMFE and BUFP is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	0.90

The correlation between QMFE and BUFP has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

QMFE vs. BUFP — Risk / Return Rank

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

QMFE

QMFE Risk / Return Rank: 89
QMFE Sharpe Ratio Rank: 88
QMFE Sortino Ratio Rank: 91
QMFE Omega Ratio Rank: 92
QMFE Calmar Ratio Rank: 82
QMFE Martin Ratio Rank: 93

BUFP

BUFP Risk / Return Rank: 86
BUFP Sharpe Ratio Rank: 84
BUFP Sortino Ratio Rank: 89
BUFP Omega Ratio Rank: 89
BUFP Calmar Ratio Rank: 77
BUFP Martin Ratio Rank: 91

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.

QMFE vs. BUFP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Moderate Buffer ETF - February (QMFE) 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.

	QMFE	BUFP	Difference
Sharpe ratio: Return per unit of total volatility	2.94	2.77	+0.18
Sortino ratio: Return per unit of downside risk	4.31	4.12	+0.19
Omega ratio: Gain probability vs. loss probability	1.61	1.58	+0.03
Calmar ratio: Return relative to maximum drawdown	4.21	3.93	+0.29
Martin ratio: Return relative to average drawdown	24.22	21.96	+2.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QMFE vs. BUFP - Sharpe Ratio Comparison

The current QMFE Sharpe Ratio is 2.94, which is comparable to the BUFP Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of QMFE and BUFP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QMFE	BUFP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	2.77	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.40	+0.05

Drawdowns

QMFE vs. BUFP - Drawdown Comparison

The maximum QMFE drawdown since its inception was -11.76%, roughly equal to the maximum BUFP drawdown of -11.98%. Use the drawdown chart below to compare losses from any high point for QMFE and BUFP.

Drawdown Indicators

	QMFE	BUFP	Difference
Max Drawdown Largest peak-to-trough decline	-11.76%	-11.98%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-4.81%	-4.41%	-0.40%
Current Drawdown Current decline from peak	-0.20%	-0.22%	+0.02%
Average Drawdown Average peak-to-trough decline	-1.09%	-1.00%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	0.79%	+0.05%

Volatility

QMFE vs. BUFP - Volatility Comparison

FT Vest Nasdaq-100 Moderate Buffer ETF - February (QMFE) has a higher volatility of 1.03% compared to PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) at 0.95%. This indicates that QMFE's price experiences larger fluctuations and is considered to be riskier than BUFP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QMFE	BUFP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	0.95%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	5.53%	4.82%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	6.90%	6.27%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.68%	9.49%	+2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.68%	9.49%	+2.19%

QMFE vs. BUFP - Expense Ratio Comparison

QMFE has a 0.90% expense ratio, which is higher than BUFP's 0.50% expense ratio.

Dividends

QMFE vs. BUFP - Dividend Comparison

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

Position	TTM	2025	2024
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	0.01%	0.01%	0.02%
QMFE FT Vest Nasdaq-100 Moderate Buffer ETF - February	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QMFE and BUFP in my portfolio?

QMFE and BUFP have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QMFE or BUFP?

QMFE has higher volatility (1.03%) compared to BUFP (0.95%). In terms of maximum drawdown, QMFE dropped -11.76% vs BUFP's -11.98%.

Which ETF is better, QMFE or BUFP?

On 1-year performance, QMFE leads with 20.18% vs 17.24% for BUFP. On fees, BUFP is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QMFE or BUFP?

Over the 1-year period, QMFE has performed better with a 20.18% return vs 17.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QMFE or BUFP?

BUFP is cheaper with a 0.50% expense ratio, compared with 0.90% for QMFE.

Which ETF pays a higher dividend yield, QMFE or BUFP?

BUFP has the higher dividend yield at 0.01%, compared with 0.00% for QMFE.

What is the main difference between QMFE and BUFP?

QMFE tracks Invesco QQQ Trust (QQQ) Price Return, while BUFP tracks S&P 500. They also come from different issuers: First Trust and PGIM. Their fees differ too: 0.90% for QMFE and 0.50% for BUFP.

Which has better risk-adjusted returns?

QMFE currently has the higher Sharpe Ratio (2.94 vs 2.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.