UXOC vs. BUFP

Last updated Jun 4, 2026

UXOC (FT Vest U.S. Equity Uncapped Accelerator ETF - October) and BUFP (PGIM Laddered S&P 500 Buffer 12 ETF) are both Defined Outcome funds. UXOC is actively managed, while BUFP is passively managed. Over the past year, UXOC returned 28.98% vs 17.24% for BUFP. Their correlation of 0.92 suggests significant overlap in exposure. UXOC charges 0.85%/yr vs 0.50%/yr for BUFP.

Performance

UXOC vs. BUFP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) 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, UXOC achieves a 11.39% return, which is significantly higher than BUFP's 6.23% return.

UXOC

• 1D: -0.73%
• 1M: 5.74%
• YTD: 11.39%
• 6M: 11.16%
• 1Y: 28.98%
• 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)

UXOC vs. BUFP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UXOC FT Vest U.S. Equity Uncapped Accelerator ETF - October	11.39%	17.29%	0.01%
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	6.23%	12.92%	1.05%

Correlation

The correlation between UXOC and BUFP is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	0.92

The correlation between UXOC and BUFP has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

UXOC vs. BUFP — Risk / Return Rank

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

UXOC

UXOC Risk / Return Rank: 66
UXOC Sharpe Ratio Rank: 68
UXOC Sortino Ratio Rank: 65
UXOC Omega Ratio Rank: 66
UXOC Calmar Ratio Rank: 60
UXOC Martin Ratio Rank: 71

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.

UXOC vs. BUFP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) 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.

	UXOC	BUFP	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.77	-0.56
Sortino ratio: Return per unit of downside risk	2.97	4.12	-1.15
Omega ratio: Gain probability vs. loss probability	1.39	1.58	-0.19
Calmar ratio: Return relative to maximum drawdown	2.97	3.93	-0.96
Martin ratio: Return relative to average drawdown	12.98	21.96	-8.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UXOC vs. BUFP - Sharpe Ratio Comparison

The current UXOC Sharpe Ratio is 2.20, which is comparable to the BUFP Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of UXOC 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

	UXOC	BUFP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	2.77	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	1.40	-0.39

Drawdowns

UXOC vs. BUFP - Drawdown Comparison

The maximum UXOC drawdown since its inception was -19.93%, which is greater than BUFP's maximum drawdown of -11.98%. Use the drawdown chart below to compare losses from any high point for UXOC and BUFP.

Drawdown Indicators

	UXOC	BUFP	Difference
Max Drawdown Largest peak-to-trough decline	-19.93%	-11.98%	-7.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	-4.41%	-5.40%
Current Drawdown Current decline from peak	-0.73%	-0.22%	-0.51%
Average Drawdown Average peak-to-trough decline	-2.74%	-1.00%	-1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	0.79%	+1.45%

Volatility

UXOC vs. BUFP - Volatility Comparison

FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) has a higher volatility of 3.36% compared to PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) at 0.95%. This indicates that UXOC'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

	UXOC	BUFP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	0.95%	+2.41%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	4.82%	+5.08%
Volatility (1Y) Calculated over the trailing 1-year period	13.24%	6.27%	+6.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.96%	9.49%	+8.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	9.49%	+8.47%

UXOC vs. BUFP - Expense Ratio Comparison

UXOC has a 0.85% expense ratio, which is higher than BUFP's 0.50% expense ratio.

Dividends

UXOC vs. BUFP - Dividend Comparison

UXOC 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%
UXOC FT Vest U.S. Equity Uncapped Accelerator ETF - October	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UXOC and BUFP in my portfolio?

With a correlation of 0.93, UXOC and BUFP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, UXOC or BUFP?

UXOC has higher volatility (3.36%) compared to BUFP (0.95%). In terms of maximum drawdown, UXOC dropped -19.93% vs BUFP's -11.98%.

Which ETF is better, UXOC or BUFP?

On 1-year performance, UXOC leads with 28.98% vs 17.24% for BUFP. On fees, BUFP is cheaper at 0.50% per year. On volatility, BUFP has been the lower-risk option at 0.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXOC or BUFP?

Over the 1-year period, UXOC has performed better with a 28.98% return vs 17.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXOC or BUFP?

BUFP is cheaper with a 0.50% expense ratio, compared with 0.85% for UXOC.

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

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

What is the main difference between UXOC and BUFP?

They also come from different issuers: First Trust and PGIM. Their fees differ too: 0.85% for UXOC and 0.50% for BUFP.

Which has better risk-adjusted returns?

BUFP currently has the higher Sharpe Ratio (2.77 vs 2.20), 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.