BUFP vs JULP
PGIM Laddered S&P 500 Buffer 12 ETF vs PGIM S&P 500 Buffer 12 ETF - July
Which is better, BUFP or JULP?
Each has led over a different period.
BUFP led over 1Y, JULP over the full window. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BUFP | JULP |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $279M | $39M |
| Dividend Yield | 0.01% | 0.00% |
| Holdings | 28 | 16 |
| YTD Return | +9.90%Best | +8.57% |
| 1Y Return | +12.90%Best | +11.67% |
| Volatility (annualized) | 6.0%Best | 6.8% |
| Max Drawdown | -12.0%Best | -12.4% |
| $10,000 over 2.3 years | $13,136 | $13,144Best |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jun 11, 2024 | May 8, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 13, 2024 to Oct 14, 2026 (2.3 years).
BUFP vs JULP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
BUFP vs JULP Performance
PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) is an ETF from PGIM Investments and PGIM S&P 500 Buffer 12 ETF - July (JULP) is an ETF from PGIM Investments. Over the past year BUFP returned +12.90% while JULP returned +11.67%. Year to date, BUFP is up 9.90% versus a gain of 8.57% for JULP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JULP has been the more volatile fund, with annualized monthly volatility of 6.8% compared with 6.0% for BUFP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.0% for BUFP and -12.4% for JULP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BUFP charges 0.50% per year while JULP charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, BUFP currently yields 0.01% against 0.00% for JULP.
You are not choosing between two funds in isolation.
Whichever of BUFP and JULP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BUFP or JULP?
BUFP has an expense ratio of 0.50% while JULP charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, BUFP or JULP?
Over the past year BUFP returned +12.90% vs +11.67% for JULP, so BUFP leads on 1-year performance. Over the longest common window we track (2 years), BUFP annualized +12.59% vs +12.62% for JULP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUFP or JULP?
JULP has been the more volatile fund at 6.8% annualized versus 6.0% for BUFP. Worst drawdown: BUFP -12.0% vs JULP -12.4%.
Should I hold both BUFP and JULP?
BUFP and JULP have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BUFP or JULP?
BUFP yields 0.01% while JULP yields 0.00%, so BUFP currently pays the higher dividend yield.
Is JULP better than BUFP?
BUFP led over 1Y, JULP over the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.