BFEW vs PBFR: Grades, Fees and Holdings Compared

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

BFEWDCboe

PGIM Laddered S&P 500 Buffer 20 ETF

PBFRBCboe

Overlap

0.0%by weight

Expense ratio

PBFR −0.45pt a year

BFEW0.95%PBFR0.50%

Avg volume · 30D

PBFR 29.9×the volume

BFEW1.46KPBFR43.7K

BFEW vs PBFR Performance

Aug 7, 2026 – Nov 9, 2026

+1.8%BFEW+0.6%PBFR

Expense ratio: BFEW 0.95%; PBFR 0.50%, better
Fund size: BFEW $3M; PBFR $246M
1Y total return: BFEW No data; PBFR +9.0%
Yield (12M): BFEW No data; PBFR 0.01%
Holdings: BFEW 5; PBFR 14
Avg volume (30D): BFEW 1.46K sh; PBFR 43.7K sh, better
NAV per share: BFEW $21.81; PBFR $30.91
52W range

ETF.net Grade

Pillar letters and Scores for BFEW, PBFR, with each pillar’s weight
Pillar	BFEW	PBFR
Cost30% weight	F24	A85Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A80Higher	A74
Tradability15% weight	F20	C41Higher
Holdings10% weight	D33	A71Higher
Durability5% weight	F23	C52Higher

Rank among S&P 500 Laddered Buffer funds

How we build Categories ›

Same Category. BFEW and PBFR 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 ›

PBFR ranks 1st 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 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

PBFRBPGIM Laddered S&P 500 Buffer 20 ETF

In short

BFEW No data

PBFR Most buffer ETFs make you pick a start month. PBFR skips that: one ticker holding twelve monthly vintages of PGIM's 20% S&P 500 buffer funds, so caps and buffers are staggered across the calendar.

Stated mandate

BFEW No data

PBFR The Fund seeks capital appreciation through U.S. large-cap equity exposure obtained through a laddered portfolio of twelve PGIM S&P 500 Buffer 20 ETFs, each intended to limit downside risk.

Why people hold it

BFEW No data

PBFR At 0.50%, it prices below the typical 20%-buffer fund in its group, and ranks among the stronger implementations in that group.
One ticker does the ladder work: twelve underlying PGIM Buffer 20 ETFs, rebalanced back to equal weight (8 1/3% each) quarterly as caps reset.pgim.com
Each underlying fund aims to absorb the first 20% of SPY's price decline over a one-year outcome period, in exchange for an upside cap.pgim.com
Launched in 2024 and stocked entirely with PGIM's own monthly Buffer 20 funds, so one manager runs the whole chain.pgim.com

Worth knowing

BFEW No data

PBFR You hold a blend, not one vintage, so no single stated buffer or cap applies to your position at any given moment.pgim.com
The 20% buffer is measured before fees and expenses and covers only the first 20% of SPY's drop; deeper declines come through.pgim.com
A fund of funds in a niche corner: the underlying ETFs' fees flow through pro rata, and it trades less actively than the category's biggest names.pgim.com

Full BFEW profile⁠

Full PBFR profile⁠

BFEW vs PBFR Holdings

How BFEW and PBFR differ

Overlap by weight

0.0%

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

PBFR 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 PBFR, widest gap first
Sector	Gap	BFEW	PBFR
Technology	PBFR +18.8 points	17.6%	36.4%
Industrials	BFEW +7.3 points	14.9%	7.6%
Communication	PBFR +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 PBFR, widest gap first
Country	More in BFEWMore in PBFR	Gap	BFEW	PBFR
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

BFEW100.0%
PBFR83.4%

Securities held

BFEW4
PBFR13

Asset class

BFEW: Multi-Asset
PBFR: Alternatives

Holdings

Only in BFEW4
In both0
Only in PBFR13

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 PBFR

13 securities, 99.98% of PBFR by weight

Pgim S&P 500 Buffer 20 Etf - June8.35%
Pgim S&P 500 Buffer 20 Etf - April8.35%
Pgim S&P 500 Buffer 20 Etf - September8.35%
Pgim S&P 500 Buffer 20 Etf - July8.34%
Pgim S&P 500 Buffer 20 Etf - August8.34%
Pgim S&P 500 Buffer 20 Etf - November8.34%
Pgim S&P 500 Buffer 20 Etf - October8.34%
Pgim S&P 500 Buffer 20 Etf - May8.33%
Pgim S&P 500 Buffer 20 Etf - March8.33%
Pgim S&P 500 Buffer 20 Etf - February8.32%
Pgim S&P 500 Buffer 20 Etf - January8.31%
Pgim S&P 500 Buffer 20 Etf - December8.29%
Net Current Assets<0.01%

Weight gaps

BFEW and PBFR share no securities.

All 4 BFEW holdings⁠All PBFR 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 PBFR Cost

Overpaying BFEW vs PBFR

$7,890

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

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

Amount$10,000

Years30 years

Cost over time

BFEW 0.95%
PBFR 0.50%
Overpaying

Year by year

Year	BFEW	PBFR	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%PBFR, cheaper

PBFR0.50%BFEW0.95%

0.30%1.21%

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

PBFR 2nd cheapest of 18 funds

BFEW 12th cheapest of 18 funds

BFEW vs PBFR Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BFEW No data; PBFR 0.01%
Payout (12M): BFEW None; PBFR $0.0025
Last payment: BFEW No data; PBFR $0.0025
Ex-dividend: BFEW No data; PBFR Dec 30, 2025
Paid on: BFEW No data; PBFR Jan 2, 2026
Frequency: BFEW No data; PBFR Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

BFEWAll BFEW payments⁠

No distribution history available.

PBFRIrregular · 2 paymentsAll PBFR payments⁠

BFEW vs PBFR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BFEW No dataPBFR 4.2%since Jul 2024
Return per unit of riskSharpe ratio, 3 years: BFEW No dataPBFR 1.22since Jul 2024
Worst fallMax drawdown, 5 years: BFEW No dataPBFR −8.5%since Jun 2024
Market sensitivityBeta, 5 years: BFEW 0.09PBFR 0.34; Market = 1

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