SPXT vs. PBFR
Compare and contrast key facts about ProShares S&P 500 Ex-Technology ETF (SPXT) and PGIM Laddered S&P 500 Buffer 20 ETF (PBFR).
SPXT and PBFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXT is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index. It was launched on Sep 22, 2015. PBFR is an actively managed fund by PGIM. It was launched on Jun 11, 2024.
Performance
SPXT vs. PBFR - Performance Comparison
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SPXT vs. PBFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPXT ProShares S&P 500 Ex-Technology ETF | -2.11% | 15.10% | 10.31% |
PBFR PGIM Laddered S&P 500 Buffer 20 ETF | -0.75% | 10.44% | 5.53% |
Returns By Period
In the year-to-date period, SPXT achieves a -2.11% return, which is significantly lower than PBFR's -0.75% return.
SPXT
- 1D
- 2.14%
- 1M
- -5.77%
- YTD
- -2.11%
- 6M
- 1.29%
- 1Y
- 12.86%
- 3Y*
- 15.27%
- 5Y*
- 9.42%
- 10Y*
- 11.15%
PBFR
- 1D
- 1.19%
- 1M
- -1.46%
- YTD
- -0.75%
- 6M
- 1.42%
- 1Y
- 10.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SPXT vs. PBFR - Expense Ratio Comparison
SPXT has a 0.27% expense ratio, which is lower than PBFR's 0.50% expense ratio.
Return for Risk
SPXT vs. PBFR — Risk / Return Rank
SPXT
PBFR
SPXT vs. PBFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) and PGIM Laddered S&P 500 Buffer 20 ETF (PBFR). 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.
| SPXT | PBFR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.34 | -0.52 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.99 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.35 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.84 | -0.61 |
Martin ratioReturn relative to average drawdown | 5.69 | 10.86 | -5.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPXT | PBFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.34 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 1.20 | -0.49 |
Correlation
The correlation between SPXT and PBFR is 0.80, 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
SPXT vs. PBFR - Dividend Comparison
SPXT's dividend yield for the trailing twelve months is around 1.46%, more than PBFR's 0.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXT ProShares S&P 500 Ex-Technology ETF | 1.46% | 1.38% | 1.29% | 1.53% | 1.86% | 1.15% | 1.63% | 1.63% | 2.03% | 1.55% | 2.67% | 0.56% |
PBFR PGIM Laddered S&P 500 Buffer 20 ETF | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPXT vs. PBFR - Drawdown Comparison
The maximum SPXT drawdown since its inception was -34.38%, which is greater than PBFR's maximum drawdown of -8.50%. Use the drawdown chart below to compare losses from any high point for SPXT and PBFR.
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Drawdown Indicators
| SPXT | PBFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.38% | -8.50% | -25.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -6.15% | -5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -5.77% | -1.56% | -4.21% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -0.68% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.04% | +1.38% |
Volatility
SPXT vs. PBFR - Volatility Comparison
ProShares S&P 500 Ex-Technology ETF (SPXT) has a higher volatility of 4.28% compared to PGIM Laddered S&P 500 Buffer 20 ETF (PBFR) at 2.42%. This indicates that SPXT's price experiences larger fluctuations and is considered to be riskier than PBFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXT | PBFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 2.42% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 3.46% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.81% | 8.18% | +7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 7.13% | +7.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 7.13% | +9.09% |