BUFP vs. CAOS ETF Comparison
Comparison of PGIM Laddered Fund of Buffer 12 ETF (BUFP) to Alpha Architect Tail Risk ETF (CAOS)
BUFP
PGIM Laddered Fund of Buffer 12 ETF
BUFP Description
The fund seeks to achieve its investment objective by providing investors with U.S. large-cap equity market exposure while attempting to limit downside risk through a "laddered portfolio" of twelve PGIM US Large-Cap Buffer 12 ETFs. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in ETFs.
Grade (RS Rating)
Last Trade
$26.02
Average Daily Volume
1,600
Number of Holdings
*
10
* may have additional holdings in another (foreign) market
CAOS
Alpha Architect Tail Risk ETF
CAOS Description
CAOS seeks to actively earn positive returns during periods of significant US equity drawdowns while minimizing the return drag of collateral. The fund allocates up to 20% of portfolio assets in long and/or short SPX Index options, depending on market status. Between 1%-10% of the portfolio is allocated to protective options positioned to appreciate in value when the index declines by more than 25%, which is considered to be a tail risk event. If a tail risk event does not occur, the cost of the protective positions will reduce returns. The remaining 70%-80% of the funds portfolio is collateral consisting of US T-bills, box spreads, and money market instruments. Up to 100% of the collateral may be placed with the Alpha Architect 1-3 Month Box ETF (ticker: BOXX). An ETF that uses box spreads to provide the exposure of 1-3 month treasury bills. The strategy involves frequent trading which increases costs and turnover rate, both having negative impacts on the fund. CAOS operated as a mutual fund until its conversion into an ETF, starting with $126 million in net assets.Grade (RS Rating)
Last Trade
$86.43
Average Daily Volume
16,636
Number of Holdings
*
1
* may have additional holdings in another (foreign) market
Performance
| Period | BUFP | CAOS |
|---|---|---|
| 30 Days | 1.07% | 0.79% |
| 60 Days | 2.54% | 1.19% |
| 90 Days | 3.18% | 1.85% |
| 12 Months | 6.31% |
0 Overlapping Holdings
| Symbol | Grade | Weight in BUFP | Weight in CAOS | Overlap |
|---|
BUFP Underweight 1 Positions Relative to CAOS
| Symbol | Grade | Weight | |
|---|---|---|---|
| BOXX | A | -11.84% |
BUFP: Top Represented Industries & Keywords
CAOS: Top Represented Industries & Keywords
Industries:
Keywords:
Exchange Traded Funds
SPDR
Compare ETFs
