BUFP vs ONEZ: Grades, Fees and Holdings Compared

PGIM Laddered S&P 500 Buffer 12 ETF

BUFPBCboe

TrueShares Seasonality Laddered Buffered ETF

ONEZDCboe

Overlap

0.0%by weight

Expense ratio

BUFP −0.46pt a year

BUFP0.50%ONEZ0.96%

Avg volume · 30D

BUFP 2.2×the volume

BUFP72.1KONEZ32.6K

BUFP vs ONEZ Performance

Oct 31, 2025 – Oct 30, 2026

+10.7%BUFP+6.6%ONEZ

Expense ratio: BUFP 0.50%, better; ONEZ 0.96%
Fund size: BUFP $338M; ONEZ $355M
1Y total return: BUFP +10.7%, better; ONEZ +6.6%
Yield (12M): BUFP 0.01%; ONEZ No data
Holdings: BUFP 15; ONEZ 16
Avg volume (30D): BUFP 72.1K sh, better; ONEZ 32.6K sh
NAV per share: BUFP $33.11; ONEZ $28.07
52W range

ETF.net Grade

Pillar letters and Scores for BUFP, ONEZ, with each pillar’s weight
Pillar	BUFP	ONEZ
Cost30% weight	A85Higher	F24
Mission25% weight	Not scored	Not scored
Risk15% weight	B61Higher	F12
Tradability15% weight	C48Higher	D29
Holdings10% weight	A71	A89Higher
Durability5% weight	C53Higher	C44

Rank among S&P 500 Laddered Buffer funds

How we build Categories ›

Same Category. BUFP and ONEZ 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 1st and ONEZ 17th of 18 funds in the S&P 500 Laddered Buffer Category.

Rank 1BBUFPPGIM Laddered S&P 500 Buffer 12 ETFScore 69
Rank 2BPBFRPGIM Laddered S&P 500 Buffer 20 ETFScore 68
Rank 16DBFEWFT Vest Laddered U.S. Equity Equal Weight Buffer ETFScore 35
Rank 17DONEZTrueShares Seasonality Laddered Buffered ETFScore 32
Rank 18DBUFGFT Vest Buffered Allocation Growth ETFScore 27

Our read on each fund

ETF.net Research

BUFPBPGIM Laddered S&P 500 Buffer 12 ETF

ONEZDTrueShares Seasonality Laddered Buffered ETF

In short

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.

ONEZ No data

Stated mandate

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.

ONEZ No data

Why people hold it

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.

ONEZ No data

Worth knowing

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.

ONEZ No data

Full BUFP profile⁠

Full ONEZ profile⁠

BUFP vs ONEZ Holdings

How BUFP and ONEZ differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BUFP and 0.0% of ONEZ.

Level by level

Asset classAlternatives, Equity0.0%
Holdings0 in both0.0%
Sector11 Sectors97.2%
Countryby domicile100%

Sector

Sector weights in BUFP and ONEZ, widest gap first
Sector	More in BUFPMore in ONEZ	BUFP	ONEZ
Technology	BUFP +2.2 points	40.1%	37.9%
Financials	ONEZ +1.0 points	11.3%	12.3%
Industrials	ONEZ +0.6 points	7.6%	8.2%
Consumer Discretionary	ONEZ +0.4 points	8.7%	9.1%
Communication	BUFP +0.3 points	9.9%	9.6%
Utilities	ONEZ +0.3 points	1.9%	2.2%
Consumer Staples	ONEZ +0.3 points	4.4%	4.7%
Real Estate	ONEZ +0.2 points	1.7%	1.9%
Health Care	BUFP +0.2 points	9.4%	9.2%
Materials	ONEZ +0.1 points	1.6%	1.7%
Energy	Same weight	3.4%	3.4%

Country, concentration and asset class

Country by domicile

Country weights in BUFP and ONEZ, widest gap first
Country	More in BUFPMore in ONEZ	BUFP	ONEZ
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

BUFP83.3%
ONEZ77.0%

Securities held

BUFP13
ONEZ16

Asset class

BUFP: Alternatives
ONEZ: Equity

Holdings

Only in BUFP13
In both0
Only in ONEZ16

Only in BUFP

13 securities, 100% of BUFP by weight

Pgim S&P 500 Buffer 12 Etf - February8.39%
Pgim S&P 500 Buffer 12 Etf - July8.34%
Pgim S&P 500 Buffer 12 Etf - November8.33%
Pgim S&P 500 Buffer 12 Etf - April8.33%
Pgim S&P 500 Buffer 12 Etf - March8.33%
Pgim S&P 500 Buffer 12 Etf - December8.33%
Pgim S&P 500 Buffer 12 Etf - August8.33%
Pgim S&P 500 Buffer 12 Etf - January8.32%
Pgim S&P 500 Buffer 12 Etf - May8.32%
Pgim S&P 500 Buffer 12 Etf - September8.32%
Pgim S&P 500 Buffer 12 Etf - October8.32%
Pgim S&P 500 Buffer 12 Etf - June8.32%
Net Current Assets0.00%

Only in ONEZ

16 securities, 100% of ONEZ by weight

TrueShares Structured Outcome November7.85%
TrueShares Structured Outcome May7.83%
TrueShares Structured Outcome March7.78%
TrueShares Structured Outcome August7.74%
TrueShares Structured Outcome February7.70%
TrueShares Structured Outcome July7.67%
TrueShares Structured Outcome October7.66%
TrueShares Structured Outcome September7.63%
TrueShares Structured Outcome December7.58%
TrueShares Structured Outcome June7.53%
TrueShares Structured Outcome April7.49%
TrueShares Structured Outcome January7.45%
TrueShares Equity Hedge ETF4.06%
TrueShares Quarterly Bull Hedge2.30%
TrueShares Quarterly Bear Hedge1.74%
State Street Inst U.s. Government Mmkt Admn Class<0.01%

Weight gaps

BUFP and ONEZ share no securities.

All BUFP holdings⁠All 16 ONEZ 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.

BUFP vs ONEZ Cost

Overpaying ONEZ vs BUFP

$8,055

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

BUFP 0.50%
$9,979
ONEZ 0.96%
$18,034

Amount$10,000

Years30 years

Cost over time

BUFP 0.50%
ONEZ 0.96%
Overpaying

Year by year

Year	BUFP	ONEZ	Overpaying
10	$900	$1,695	$795
20	$3,460	$6,383	$2,923
30	$9,979	$18,034	$8,055

Expense ratio

0.50%BUFP, cheaper
0.96%ONEZ

BUFP0.50%ONEZ0.96%

0.30%1.21%

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

BUFP 2nd cheapest of 18 funds

ONEZ 16th cheapest of 18 funds

BUFP vs ONEZ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BUFP 0.01%; ONEZ No data
Payout (12M): BUFP $0.0024; ONEZ No data
Last payment: BUFP $0.0024; ONEZ $1.03
Ex-dividend: BUFP Dec 30, 2025; ONEZ Dec 24, 2025
Paid on: BUFP Jan 2, 2026; ONEZ Dec 26, 2025
Frequency: BUFP Irregular; ONEZ Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

BUFPIrregular · 2 paymentsAll BUFP payments⁠

ONEZIrregular · 1 paymentAll ONEZ payments⁠

BUFP vs ONEZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BUFP 6.0%since Jul 2024ONEZ 8.9%since Feb 2025
Return per unit of riskSharpe ratio, 3 years: BUFP 1.21since Jul 2024ONEZ 0.54since Feb 2025
Worst fallMax drawdown, 5 years: BUFP −12.0%since Jun 2024ONEZ −13.2%since Jan 2025
Market sensitivityBeta, 5 years: BUFP 0.50ONEZ 0.71; Market = 1

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