XRLV vs. PBFR

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) and PGIM Laddered S&P 500 Buffer 20 ETF (PBFR).

XRLV and PBFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XRLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Rate Response Index. It was launched on Apr 9, 2015. PBFR is an actively managed fund by PGIM. It was launched on Jun 11, 2024.

Performance

XRLV vs. PBFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) and PGIM Laddered S&P 500 Buffer 20 ETF (PBFR). The values are adjusted to include any dividend payments, if applicable.

XRLV vs. PBFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	6.34%	4.11%	9.00%
PBFR PGIM Laddered S&P 500 Buffer 20 ETF	-0.36%	10.44%	5.53%

Returns By Period

XRLV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBFR

• 1D: 0.40%
• 1M: -0.80%
• YTD: -0.36%
• 6M: 1.72%
• 1Y: 11.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XRLV vs. PBFR - Expense Ratio Comparison

XRLV has a 0.25% expense ratio, which is lower than PBFR's 0.50% expense ratio.

PBFR

PGIM Laddered S&P 500 Buffer 20 ETF

XRLV

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF

Return for Risk

XRLV vs. PBFR — Risk / Return Rank

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

PBFR

PBFR Risk / Return Rank: 77
PBFR Sharpe Ratio Rank: 72
PBFR Sortino Ratio Rank: 76
PBFR Omega Ratio Rank: 86
PBFR Calmar Ratio Rank: 65
PBFR 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.

XRLV vs. PBFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) 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.

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

Sharpe Ratios by Period

	XRLV	PBFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.23	—

Correlation

The correlation between XRLV and PBFR is 0.33, 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

XRLV vs. PBFR - Dividend Comparison

XRLV's dividend yield for the trailing twelve months is around 1.86%, more than PBFR's 0.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	1.86%	2.15%	1.94%	2.57%	1.96%	1.26%	1.65%	1.66%	1.76%	1.39%	1.71%	1.07%
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

Drawdown Indicators

	XRLV	PBFR	Difference
Max Drawdown Largest peak-to-trough decline	—	-8.50%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.15%	—
Current Drawdown Current decline from peak	—	-1.17%	—
Average Drawdown Average peak-to-trough decline	—	-0.68%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.04%	—

Volatility

Volatility by Period

	XRLV	PBFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.18%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	7.13%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	7.13%	—