YDEC vs. PBFR

Last updated Jun 4, 2026

YDEC (FT Vest International Equity Moderate Buffer ETF – December) and PBFR (PGIM Laddered S&P 500 Buffer 20 ETF) are both Defined Outcome funds. Both are actively managed. Over the past year, YDEC returned 10.42% vs 12.83% for PBFR. A 0.59 correlation means they provide meaningful diversification when combined. YDEC charges 0.90%/yr vs 0.50%/yr for PBFR.

Performance

YDEC vs. PBFR - 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 20 ETF (PBFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with YDEC having a 4.41% return and PBFR slightly higher at 4.52%.

YDEC

• 1D: -0.27%
• 1M: 1.81%
• YTD: 4.41%
• 6M: 4.89%
• 1Y: 10.42%
• 3Y*: 8.01%
• 5Y*: 4.75%
• 10Y*: —

PBFR

• 1D: -0.16%
• 1M: 1.58%
• YTD: 4.52%
• 6M: 5.34%
• 1Y: 12.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YDEC vs. PBFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YDEC FT Vest International Equity Moderate Buffer ETF – December	4.41%	16.04%	-4.55%
PBFR PGIM Laddered S&P 500 Buffer 20 ETF	4.52%	10.44%	5.53%

Correlation

The correlation between YDEC and PBFR is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 14, 2024	0.59

The correlation between YDEC and PBFR has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

YDEC vs. PBFR - Sectors Allocation Comparison

Sectors	YDEC	PBFR
Financial Services	24.7%	11.9%
Industrials	19.8%	8.1%
Healthcare	10.6%	8.4%
Technology	10.3%	36.2%
Consumer Cyclical	7.7%	10.1%
Consumer Defensive	6.7%	4.9%
Basic Materials	5.9%	1.8%
Communication Services	4.5%	10.9%
Energy	4.0%	3.5%
Utilities	4.0%	2.3%
Real Estate	1.9%	1.9%

Return for Risk

YDEC vs. PBFR — Risk / Return Rank

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

YDEC

YDEC Risk / Return Rank: 48
YDEC Sharpe Ratio Rank: 46
YDEC Sortino Ratio Rank: 49
YDEC Omega Ratio Rank: 61
YDEC Calmar Ratio Rank: 36
YDEC Martin Ratio Rank: 49

PBFR

PBFR Risk / Return Rank: 90
PBFR Sharpe Ratio Rank: 88
PBFR Sortino Ratio Rank: 91
PBFR Omega Ratio Rank: 93
PBFR Calmar Ratio Rank: 84
PBFR Martin Ratio Rank: 93

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.

YDEC vs. PBFR - 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 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.

	YDEC	PBFR	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.99	-1.40
Sortino ratio: Return per unit of downside risk	2.39	4.36	-1.97
Omega ratio: Gain probability vs. loss probability	1.37	1.66	-0.29
Calmar ratio: Return relative to maximum drawdown	1.78	4.57	-2.80
Martin ratio: Return relative to average drawdown	8.03	24.09	-16.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YDEC vs. PBFR - Sharpe Ratio Comparison

The current YDEC Sharpe Ratio is 1.59, which is lower than the PBFR Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of YDEC and PBFR, 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

	YDEC	PBFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	2.99	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.54	-1.00

Drawdowns

YDEC vs. PBFR - Drawdown Comparison

The maximum YDEC drawdown since its inception was -23.34%, which is greater than PBFR's maximum drawdown of -8.50%. Use the drawdown chart below to compare losses from any high point for YDEC and PBFR.

Drawdown Indicators

	YDEC	PBFR	Difference
Max Drawdown Largest peak-to-trough decline	-23.34%	-8.50%	-14.84%
Max Drawdown (1Y) Largest decline over 1 year	-5.89%	-2.82%	-3.07%
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	-0.31%	-0.16%	-0.15%
Average Drawdown Average peak-to-trough decline	-4.13%	-0.63%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.30%	0.53%	+0.77%

Volatility

YDEC vs. PBFR - Volatility Comparison

FT Vest International Equity Moderate Buffer ETF – December (YDEC) has a higher volatility of 2.10% compared to PGIM Laddered S&P 500 Buffer 20 ETF (PBFR) at 0.64%. This indicates that YDEC'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.

Volatility by Period

	YDEC	PBFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.10%	0.64%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	6.22%	3.34%	+2.88%
Volatility (1Y) Calculated over the trailing 1-year period	6.60%	4.33%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.22%	6.89%	+4.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	6.89%	+4.10%

YDEC vs. PBFR - Expense Ratio Comparison

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

Dividends

YDEC vs. PBFR - Dividend Comparison

YDEC has not paid dividends to shareholders, while PBFR's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024
PBFR PGIM Laddered S&P 500 Buffer 20 ETF	0.01%	0.01%	0.01%
YDEC FT Vest International Equity Moderate Buffer ETF – December	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YDEC and PBFR in my portfolio?

YDEC and PBFR have a correlation of 0.63, 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 PBFR?

YDEC has higher volatility (2.10%) compared to PBFR (0.64%). In terms of maximum drawdown, YDEC dropped -23.34% vs PBFR's -8.50%.

Which ETF is better, YDEC or PBFR?

On 1-year performance, PBFR leads with 12.83% vs 10.42% for YDEC. On fees, PBFR is cheaper at 0.50% per year. On volatility, PBFR has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YDEC or PBFR?

Over the 1-year period, PBFR has performed better with a 12.83% return vs 10.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YDEC or PBFR?

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

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

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

What is the main difference between YDEC and PBFR?

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

Which has better risk-adjusted returns?

PBFR currently has the higher Sharpe Ratio (2.99 vs 1.59), 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.