PGIM Laddered Fund of Buffer 12 ETF (BUFP) Performance
BUFP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.2% since Dec 31, 2025
- 1 year
- +11.4% total return
- Since first price
- +31.2% since 2024
BUFP trailing returns vs SPY, QQQ, AGG
| Period | BUFP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.0% | −0.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.6% | +5.6% | +7.8% | +8.4% | −1.5% |
| YTD | +9.2% | +9.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.4% | +11.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 13, 2024 | +31.2% | +31.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BUFP vs SPY
From Jun 13, 2024: BUFP grew to $13,116, SPY to $14,424.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BUFP returns by calendar year
1 of 1 full years positive. Best 2025 (+12.9%), worst 2025 (+12.9%). 2026 is year to date.
BUFP annual returns table
| Year | BUFP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.2% | −4.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.9% | −12.0% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BUFP largest drawdowns
Now 1.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 27, 2025 | −12.0% | Apr 8, 2025 | Jun 12, 2025 | 2 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BUFP risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +12.5% |
| Volatility (annualized) | 6.1% |
| Sharpe ratio | 1.30 |
| Sortino ratio | 2.52 |
| Best month | +5.4% |
| Worst month | −3.4% |
| Best 12 months | +20.0% |
| Worst 12 months | +11.0% |
| Positive months | 78% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BUFP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 17 | +11.0% | +12.3% | +20.0% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
BUFP performance overview
PGIM Laddered Fund of Buffer 12 ETF (BUFP) returned +11.4% over the past year, with distributions reinvested. Since its first recorded price on Jun 13, 2024 it has returned +31.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −12.0%, from Jan 27, 2025 to Apr 8, 2025, and it took 2 months to get back to the old high. Volatility has been 6.1% a year.
Related: BUFP chart, BUFP holdings, BUFP dividends. See the BUFP overview for the latest quote and fund facts.
BUFP performance FAQ
What is the BUFP return over the past year?
BUFP returned +11.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.4%.
How much would $10,000 invested in BUFP be worth?
$10,000 invested in BUFP at its first recorded close on June 13, 2024 would be worth about $13,116 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of BUFP?
The largest peak-to-trough decline was −12.0% between January 27, 2025 and April 8, 2025. It recovered to the old high on June 12, 2025, 2 months after the bottom.
How volatile is BUFP?
Over the past history BUFP had an annualized volatility of 6.1% and a Sharpe ratio of 1.30 (excess return over 1–3 month T-bills per unit of risk).