BUFC vs PQXV: Grades, Fees and Holdings Compared

AB Conservative Buffer ETF

BUFCBNasdaq

PGIM S&P 500 Quarterly Buffer 15 ETF

PQXVCCboe

Overlap

0.0%by weight

Expense ratio

PQXV −0.19pt a year

BUFC0.69%PQXV0.50%

Avg volume · 30D

BUFC 38.5×the volume

BUFC48.2KPQXV1.25K

BUFC vs PQXV Performance

Aug 7, 2026 – Nov 9, 2026

+0.1%BUFC+0.7%PQXV

Expense ratio: BUFC 0.69%; PQXV 0.50%, better
Fund size: BUFC $1.09B; PQXV $4M
1Y total return: BUFC +5.9%; PQXV No data
Holdings: BUFC 5; PQXV 4
Avg volume (30D): BUFC 48.2K sh, better; PQXV 1.25K sh
NAV per share: BUFC $42.98; PQXV $25.33
52W range

ETF.net Grade

Pillar letters and Scores for BUFC, PQXV, with each pillar’s weight
Pillar	BUFC	PQXV
Cost30% weight	B57	A70Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	C47	B63Higher
Tradability15% weight	B60Higher	F17
Holdings10% weight	Not scored	Not scored
Durability5% weight	A74Higher	F24

Rank among S&P 500 Buffer 15% funds

How we build Categories ›

Same Category. BUFC and PQXV are both graded against the same 51 S&P 500 Buffer 15% funds, so their Grades compare head to head.

S&P 500 Buffer 15%⁠

Category · 51 funds

See all 51 ›

BUFC ranks 4th and PQXV 33rd of 51 funds in the S&P 500 Buffer 15% Category.

Rank 1BPSMOPacer Swan SOS Moderate (October) ETFScore 63
Rank 2BPSMJPacer Swan SOS Moderate (July) ETFScore 60
Rank 3BPSMRPacer Swan SOS Moderate (April) ETFScore 57
Rank 4BBUFCAB Conservative Buffer ETFScore 56
Rank 5BPSEPInnovator U.S. Equity Power Buffer ETFScore 55
Rank 33CMNVRPacer Swan SOS Moderate (November) ETFScore 40
Rank 33CPQXVPGIM S&P 500 Quarterly Buffer 15 ETFScore 40
Rank 45DARLUAllianzIM U.S. Equity Buffer15 Uncapped Apr ETFScore 39

Our read on each fund

ETF.net Research

BUFCBAB Conservative Buffer ETF

PQXVCPGIM S&P 500 Quarterly Buffer 15 ETF

In short

BUFC Most buffer funds lock you into a 12-month outcome period. BUFC resets every three months, targeting 15% downside protection against the S&P 500 with roughly 3% of the upside per period. Deep cushion, short leash.

PQXV No data

Stated mandate

BUFC The Fund is an actively managed equity ETF seeking conservative capital appreciation with potential partial downside protection. It uses options to establish an upside cap and downside protection over rolling three-month periods, targeting 15% downside protection and about 3% upside participation to the S&P 500.

PQXV No data

Why people hold it

BUFC Uses options to target 15% downside protection against the S&P 500 over rolling three-month periods, so the cushion resets four times a year instead of once.alliancebernstein.com
At 0.69%, it costs less than Innovator's 0.79% Power Buffer funds (PJUL, PJAN, POCT) and less than the typical fund in its buffer cohort.
Actively managed rather than pinned to a calendar index series, running since 2023, and among the stronger implementations in its buffer peer group.

PQXV No data

Worth knowing

BUFC The price of that deep cushion: upside participation is targeted near 3% per three-month period, so big rallies mostly pass you by.
Protection is partial and period-based. Losses past the targeted 15% pass through, and buying mid-period shifts your effective buffer and cap.alliancebernstein.com
Thinly traded for its size, so spreads and limit orders deserve attention.

PQXV No data

Full BUFC profile⁠

Full PQXV profile⁠

BUFC vs PQXV Holdings

How BUFC and PQXV differ

Overlap by weight

0.0%

Level by level

Holdings0 in both0.0%
Asset classAlternatives100%
Countryby domicile99.98%
Sector11 Sectors99.7%

Sector

Sector weights in BUFC and PQXV, widest gap first
Sector	Gap	BUFC	PQXV
Technology	PQXV +0.3 points	36.4%	36.7%
Financials	BUFC +0.1 points	12.6%	12.5%
Consumer Staples	Same weight	5.1%	5.1%
Health Care	BUFC +0.1 points	10.6%	10.5%
Consumer Discretionary	Same weight	9.7%	9.7%
Communication	Same weight	8.8%	8.8%
Utilities	Same weight	2.1%	2.1%
Real Estate	Same weight	1.9%	1.9%
Materials	Same weight	1.6%	1.6%
Energy	Same weight	3.5%	3.5%
Industrials	Same weight	7.6%	7.6%

Country, concentration and asset class

Country by domicile

Country weights in BUFC and PQXV, widest gap first
Country	Gap	BUFC	PQXV
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	PQXV +0.1 points	0.0%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

BUFC100.3%
PQXV101.1%

Securities held

BUFC3
PQXV3

Asset class

BUFC: Alternatives
PQXV: Alternatives

Holdings

Only in BUFC3
In both0
Only in PQXV3

Only in BUFC

3 securities, 100% of BUFC by weight

4SPY 11/30/26 C3.86 4SPY 11/30/26 C3.8695.19%
4SPY 11/30/26 P772.49 4SPY 11/30/26 P772.494.67%
Alliancebernstein Govt Stif Ssc Fund 64BA Agis 5870.18%

Only in PQXV

3 securities, 98.8% of PQXV by weight

4SPY Us 12/31/26 C15.2594.47%
4SPY Us 12/31/26 P762.634.36%
Net Current Assets<0.01%

Weight gaps

BUFC and PQXV share no securities.

All 7 BUFC holdings⁠All PQXV 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.

BUFC vs PQXV Cost

Overpaying BUFC vs PQXV

$3,450

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

BUFC 0.69%
$13,429
PQXV 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

BUFC 0.69%
PQXV 0.50%
Overpaying

Year by year

Year	BUFC	PQXV	Overpaying
10	$1,232	$900	$332
20	$4,697	$3,460	$1,237
30	$13,429	$9,979	$3,450

Expense ratio

0.69%BUFC
0.50%PQXV, cheaper

PQXV0.50%BUFC0.69%

0.30%0.89%

Middle half of S&P 500 Buffer 15% funds
Median 0.79%

PQXV 14th cheapest of 51 funds

BUFC 17th cheapest of 51 funds

BUFC vs PQXV Dividends

Last 12 months to Nov 9, 2026

Payout (12M): BUFC None; PQXV None

Distribution history

BUFCAll BUFC payments⁠

No distribution history available.

PQXVAll PQXV payments⁠

No distribution history available.

BUFC vs PQXV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BUFC 3.4%since Jan 2024PQXV No data
Return per unit of riskSharpe ratio, 3 years: BUFC 0.82since Jan 2024PQXV No data
Worst fallMax drawdown, 5 years: BUFC −8.3%since Dec 2023PQXV No data
Market sensitivityBeta, 5 years: BUFC 0.26PQXV 0.27; Market = 1

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