YDEC vs. BUFP

Last updated Aug 4, 2026

YDEC (FT Vest International Equity Moderate Buffer ETF – December) and BUFP (PGIM Laddered S&P 500 Buffer 12 ETF) are both Defined Outcome funds. YDEC is actively managed, while BUFP is passively managed. Over the past year, YDEC returned 11.70% vs 14.81% for BUFP. Their 0.65 correlation means they have sometimes moved together and sometimes differently. YDEC charges 0.90%/yr vs 0.50%/yr for BUFP.

Performance

YDEC vs. BUFP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest International Equity Moderate Buffer ETF – December (YDEC) 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, YDEC achieves a 6.66% return, which is significantly lower than BUFP's 7.65% return.

YDEC

• 1D: 0.11%
• 1M: 1.10%
• 6M: 4.00%
• YTD: 6.66%
• 1Y: 11.70%
• 3Y*: 8.46%
• 5Y*: 5.18%
• 10Y*: —
• ALL TIME*: 6.30%

BUFP

• 1D: 0.50%
• 1M: 1.19%
• 6M: 6.45%
• YTD: 7.65%
• 1Y: 14.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	$1.05M	$1.21M	$1.54M
YDEC FT Vest International Equity Moderate Buffer ETF – December	$245.65K	$232.27K	$302.17K

YDEC vs. BUFP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YDEC FT Vest International Equity Moderate Buffer ETF – December	6.66%	16.04%	-5.46%
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	7.65%	12.92%	6.30%

Correlation

The correlation between YDEC and BUFP is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024	0.65

The correlation between YDEC and BUFP has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.

YDEC vs. BUFP - Sectors Allocation Comparison

Sectors	YDEC	BUFP
Financial Services	24.7%	11.7%
Industrials	18.8%	8.4%
Technology	12.6%	37.9%
Healthcare	10.5%	9.1%
Consumer Cyclical	7.5%	9.6%
Consumer Defensive	6.8%	4.6%
Basic Materials	5.8%	1.7%
Communication Services	4.5%	10.0%
Utilities	3.8%	2.3%
Energy	3.3%	3.0%
Real Estate	1.7%	1.9%

Return for Risk

YDEC vs. BUFP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YDEC

YDEC Risk / Return Rank: 67
YDEC Sharpe Ratio Rank: 65
YDEC Sortino Ratio Rank: 70
YDEC Omega Ratio Rank: 81
YDEC Calmar Ratio Rank: 51
YDEC Martin Ratio Rank: 68

BUFP

BUFP Risk / Return Rank: 90
BUFP Sharpe Ratio Rank: 90
BUFP Sortino Ratio Rank: 92
BUFP Omega Ratio Rank: 92
BUFP Calmar Ratio Rank: 85
BUFP Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YDEC vs. BUFP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest International Equity Moderate Buffer ETF – December (YDEC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	YDEC	BUFP	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.32	-0.65
Sortino ratio: Return per unit of downside risk	2.50	3.44	-0.93
Omega ratio: Gain probability vs. loss probability	1.37	1.47	-0.10
Calmar ratio: Return relative to maximum drawdown	1.99	3.37	-1.38
Martin ratio: Return relative to average drawdown	8.97	18.03	-9.06

YDEC vs. BUFP - Sharpe Ratio Comparison

The current YDEC Sharpe Ratio is 1.67, which is comparable to the BUFP Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of YDEC 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.

Drawdowns

YDEC vs. BUFP - Drawdown Comparison

The maximum YDEC drawdown since its inception was -23.34%, which is greater than BUFP's maximum drawdown of -11.98%. Use the drawdown chart below to compare losses from any high point for YDEC and BUFP.

Drawdown Indicators

	YDEC	BUFP	Difference
Max Drawdown Largest peak-to-trough decline	-23.34%	-11.98%	-11.36%
Max Drawdown (1Y) Largest decline over 1 year	-5.89%	-4.41%	-1.48%
Max Drawdown (3Y) Largest decline over 3 years	-10.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.34%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.02%	-0.97%	-3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.31%	0.82%	+0.49%

Volatility

YDEC vs. BUFP - Volatility Comparison

FT Vest International Equity Moderate Buffer ETF – December (YDEC) has a higher volatility of 1.86% compared to PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) at 1.70%. This indicates that YDEC'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

	YDEC	BUFP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	1.70%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	6.65%	5.24%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	7.05%	6.44%	+0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.22%	9.30%	+1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.90%	9.30%	+1.60%

YDEC vs. BUFP - Expense Ratio Comparison

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

Dividends

YDEC vs. BUFP - Dividend Comparison

YDEC 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%
YDEC FT Vest International Equity Moderate Buffer ETF – December	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YDEC and BUFP in my portfolio?

YDEC and BUFP have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YDEC or BUFP?

YDEC has higher volatility (1.86%) compared to BUFP (1.70%). In terms of maximum drawdown, YDEC dropped -23.34% vs BUFP's -11.98%.

Which ETF is better, YDEC or BUFP?

On 1-year performance, BUFP leads with 14.81% vs 11.70% for YDEC. On fees, BUFP is cheaper at 0.50% per year. On volatility, BUFP has been the lower-risk option at 1.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YDEC or BUFP?

Over the 1-year period, BUFP has performed better with a 14.81% return vs 11.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YDEC or BUFP?

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

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

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

What is the main difference between YDEC and BUFP?

They also come from different issuers: FT Vest and PGIM. Their fees differ too: 0.90% for YDEC and 0.50% for BUFP.

Which has better risk-adjusted returns?

BUFP currently has the higher Sharpe Ratio (2.32 vs 1.67), 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.