SPMV vs. BUFP

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P 500 Minimum Variance ETF (SPMV) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP).

SPMV and BUFP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Minimum Volatility Index. It was launched on Jul 13, 2017. BUFP is a passively managed fund by PGIM that tracks the performance of the S&P 500. It was launched on Jun 11, 2024. Both SPMV and BUFP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPMV vs. BUFP - Performance Comparison

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

SPMV vs. BUFP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPMV Invesco S&P 500 Minimum Variance ETF	0.87%	11.69%	6.14%
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	-1.34%	12.92%	6.36%

Returns By Period

SPMV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 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)

SPMV vs. BUFP - Expense Ratio Comparison

SPMV has a 0.10% expense ratio, which is lower than BUFP's 0.50% expense ratio.

BUFP

PGIM Laddered S&P 500 Buffer 12 ETF

SPMV

Invesco S&P 500 Minimum Variance ETF

Return for Risk

SPMV vs. BUFP — Risk / Return Rank

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

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.

SPMV vs. BUFP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

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

Correlation

The correlation between SPMV and BUFP is 0.77, 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

SPMV vs. BUFP - Dividend Comparison

SPMV's dividend yield for the trailing twelve months is around 1.45%, more than BUFP's 0.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPMV Invesco S&P 500 Minimum Variance ETF	1.45%	1.53%	1.53%	2.28%	1.79%	1.28%	1.71%	3.13%	2.11%	1.72%
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	0.01%	0.01%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	SPMV	BUFP	Difference
Max Drawdown Largest peak-to-trough decline	—	-11.98%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.16%	—
Current Drawdown Current decline from peak	—	-2.54%	—
Average Drawdown Average peak-to-trough decline	—	-1.08%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.42%	—

Volatility

Volatility by Period

	SPMV	BUFP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.11%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	9.79%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.79%	—