BFEW vs BUFP: Grades, Fees and Holdings Compared

FT Vest Laddered U.S. Equity Equal Weight Buffer ETF

BFEWDCboe

PGIM Laddered S&P 500 Buffer 12 ETF

BUFPBCboe

Overlap

0.0%by weight

Expense ratio

BUFP −0.45pt a year

BFEW0.95%BUFP0.50%

Avg volume · 30D

BUFP 49.8×the volume

BFEW1.46KBUFP72.7K

BFEW vs BUFP Performance

Aug 7, 2026 – Nov 9, 2026

+1.8%BFEW+0.1%BUFP

Expense ratio: BFEW 0.95%; BUFP 0.50%, better
Fund size: BFEW $3M; BUFP $336M
1Y total return: BFEW No data; BUFP +11.1%
Yield (12M): BFEW No data; BUFP 0.01%
Holdings: BFEW 5; BUFP 14
Avg volume (30D): BFEW 1.46K sh; BUFP 72.7K sh, better
NAV per share: BFEW $21.81; BUFP $32.21
52W range

ETF.net Grade

Pillar letters and Scores for BFEW, BUFP, with each pillar’s weight
Pillar	BFEW	BUFP
Cost30% weight	F24	A85Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A80Higher	C53
Tradability15% weight	F20	C48Higher
Holdings10% weight	D33	A71Higher
Durability5% weight	F23	B58Higher

Rank among S&P 500 Laddered Buffer funds

How we build Categories ›

Same Category. BFEW and BUFP are both graded against the same 18 S&P 500 Laddered Buffer funds, so their Grades compare head to head.

S&P 500 Laddered Buffer⁠

Category · 18 funds

See all 18 ›

BUFP ranks 2nd and BFEW 15th of 18 funds in the S&P 500 Laddered Buffer Category.

Rank 1BPBFRPGIM Laddered S&P 500 Buffer 20 ETFScore 69
Rank 2BBUFPPGIM Laddered S&P 500 Buffer 12 ETFScore 67
Rank 3BIVVMiShares Large Cap Moderate Quarterly Laddered ETFScore 65
Rank 14CLADMPacer Swan SOS Laddered Moderate ETFScore 40
Rank 15DBFEWFT Vest Laddered U.S. Equity Equal Weight Buffer ETFScore 35
Rank 15DBUFTFT Vest Buffered Allocation Defensive ETFScore 35

Our read on each fund

ETF.net Research

BFEWDFT Vest Laddered U.S. Equity Equal Weight Buffer ETF

BUFPBPGIM Laddered S&P 500 Buffer 12 ETF

In short

BFEW No data

BUFP Most buffer funds make you pick a start month and live with it. BUFP skips the choice: it owns twelve PGIM S&P 500 Buffer 12 ETFs, one per calendar month, so part of the ladder resets on a rolling basis.

Stated mandate

BFEW No data

BUFP The Fund seeks capital appreciation through U.S. large-cap equity exposure obtained via a laddered portfolio of twelve PGIM US Large-Cap Buffer 12 ETFs. The underlying ETFs seek limited downside protection and capped upside over a specified period, while the Fund itself has no stated buffer.

Why people hold it

BFEW No data

BUFP Twelve underlying buffer ETFs, one for each month, spread the entry point instead of locking everything to a single outcome period and a single cap.pgim.com
Each underlying ETF targets a buffer against the first 12% (before fees) of SPY's price-return losses over a one-year period, paired with an upside cap.pgim.com
A 0.50% fee sits well under the 0.79% typical of buffer peers, and the package ranks among the stronger implementations in that group.

Worth knowing

BFEW No data

BUFP The wrapper itself has no stated buffer. PGIM notes it likely won't get the full benefit of the underlying buffers, and their caps limit its upside.pgim.com
Small and thinly traded, so spreads can run wider than at the category's giants. Matters most on larger orders.
Live since 2024, so the record is short. PSFF, the other fund-of-buffer-ETFs in the group, carries a lower fee.

Full BFEW profile⁠

Full BUFP profile⁠

BFEW vs BUFP Holdings

How BFEW and BUFP differ

Overlap by weight

0.0%

About this figure: BFEW holds other funds. We compare those funds, not the stocks inside them.

BUFP holds other funds. We compare those funds, not the stocks inside them.

Level by level

Holdings0 in both0.0%
Sector11 Sectors75.8%
Countryby domicile100%

Sector

Sector weights in BFEW and BUFP, widest gap first
Sector	Gap	BFEW	BUFP
Technology	BUFP +18.8 points	17.6%	36.4%
Industrials	BFEW +7.3 points	14.9%	7.6%
Communication	BUFP +5.4 points	3.4%	8.8%
Utilities	BFEW +4.0 points	6.1%	2.1%
Real Estate	BFEW +3.8 points	5.7%	1.9%
Health Care	BFEW +2.2 points	12.8%	10.6%
Materials	BFEW +2.1 points	3.7%	1.6%
Financials	BFEW +2.0 points	14.6%	12.6%
Consumer Staples	BFEW +1.3 points	6.4%	5.1%
Consumer Discretionary	BFEW +1.0 points	10.7%	9.7%
Energy	BFEW +0.7 points	4.2%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in BFEW and BUFP, widest gap first
Country	More in BFEWMore in BUFP	Gap	BFEW	BUFP
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

BFEW100.0%
BUFP83.4%

Securities held

BFEW4
BUFP13

Asset class

BFEW: Multi-Asset
BUFP: Alternatives

Holdings

Only in BFEW4
In both0
Only in BUFP13

Only in BFEW

4 securities, 99.99% of BFEW by weight

FT Vest U.S. Equity Equal Weight Buffer ETF - September25.05%
FT Vest U.S. Equity Equal Weight Buffer ETF - June25.01%
FT Vest U.S. Equity Equal Weight Buffer ETF - March25.00%
FT Vest U.S. Equity Equal Weight Buffer ETF - December24.94%

Only in BUFP

13 securities, 99.97% of BUFP by weight

Pgim S&P 500 Buffer 12 Etf - April8.41%
Pgim S&P 500 Buffer 12 Etf - March8.36%
Pgim S&P 500 Buffer 12 Etf - January8.34%
Pgim S&P 500 Buffer 12 Etf - November8.33%
Pgim S&P 500 Buffer 12 Etf - February8.33%
Pgim S&P 500 Buffer 12 Etf - May8.33%
Pgim S&P 500 Buffer 12 Etf - September8.33%
Pgim S&P 500 Buffer 12 Etf - August8.33%
Pgim S&P 500 Buffer 12 Etf - October8.32%
Pgim S&P 500 Buffer 12 Etf - June8.32%
Pgim S&P 500 Buffer 12 Etf - July8.32%
Pgim S&P 500 Buffer 12 Etf - December8.26%
Net Current Assets<0.01%

Weight gaps

BFEW and BUFP share no securities.

All 4 BFEW holdings⁠All BUFP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BFEW vs BUFP Cost

Overpaying BFEW vs BUFP

$7,890

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BFEW 0.95%
$17,869
BUFP 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

BFEW 0.95%
BUFP 0.50%
Overpaying

Year by year

Year	BFEW	BUFP	Overpaying
10	$1,678	$900	$778
20	$6,322	$3,460	$2,862
30	$17,869	$9,979	$7,890

Expense ratio

0.95%BFEW
0.50%BUFP, cheaper

BUFP0.50%BFEW0.95%

0.30%1.21%

Middle half of S&P 500 Laddered Buffer funds
Median 0.89%

BUFP 2nd cheapest of 18 funds

BFEW 12th cheapest of 18 funds

BFEW vs BUFP Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BFEW No data; BUFP 0.01%
Payout (12M): BFEW None; BUFP $0.0024
Last payment: BFEW No data; BUFP $0.0024
Ex-dividend: BFEW No data; BUFP Dec 30, 2025
Paid on: BFEW No data; BUFP Jan 2, 2026
Frequency: BFEW No data; BUFP Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

BFEWAll BFEW payments⁠

No distribution history available.

BUFPIrregular · 2 paymentsAll BUFP payments⁠

BFEW vs BUFP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BFEW No dataBUFP 6.0%since Jul 2024
Return per unit of riskSharpe ratio, 3 years: BFEW No dataBUFP 1.21since Jul 2024
Worst fallMax drawdown, 5 years: BFEW No dataBUFP −12.0%since Jun 2024
Market sensitivityBeta, 5 years: BFEW 0.09BUFP 0.50; Market = 1

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