BFJL vs. PMOC

Last updated Jun 4, 2026

BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) and PMOC (PGIM S&P 500 Max Buffer ETF - October) are both Defined Outcome funds. At a 0.46 correlation, their price movements are largely independent. BFJL charges 0.90%/yr vs 0.50%/yr for PMOC.

Performance

BFJL vs. PMOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) and PGIM S&P 500 Max Buffer ETF - October (PMOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BFJL achieves a -7.67% return, which is significantly lower than PMOC's 2.83% return.

BFJL

• 1D: 0.09%
• 1M: -1.12%
• YTD: -7.67%
• 6M: -10.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMOC

• 1D: 0.06%
• 1M: 0.91%
• YTD: 2.83%
• 6M: 3.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BFJL vs. PMOC - Yearly Performance Comparison

	2026 (YTD)	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	-7.67%	-12.27%
PMOC PGIM S&P 500 Max Buffer ETF - October	2.83%	0.93%

Correlation

The correlation between BFJL and PMOC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.46

Return for Risk

BFJL vs. PMOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) and PGIM S&P 500 Max Buffer ETF - October (PMOC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BFJL	PMOC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.14	2.38	-3.53

Drawdowns

BFJL vs. PMOC - Drawdown Comparison

The maximum BFJL drawdown since its inception was -21.27%, which is greater than PMOC's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for BFJL and PMOC.

Drawdown Indicators

	BFJL	PMOC	Difference
Max Drawdown Largest peak-to-trough decline	-21.27%	-1.50%	-19.77%
Current Drawdown Current decline from peak	-21.20%	0.00%	-21.20%
Average Drawdown Average peak-to-trough decline	-11.76%	-0.21%	-11.55%

Volatility

Volatility by Period

	BFJL	PMOC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.76%	2.42%	+11.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	2.42%	+11.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	2.42%	+11.34%

BFJL vs. PMOC - Expense Ratio Comparison

BFJL has a 0.90% expense ratio, which is higher than PMOC's 0.50% expense ratio.

Dividends

BFJL vs. PMOC - Dividend Comparison

BFJL's dividend yield for the trailing twelve months is around 1.46%, while PMOC has not paid dividends to shareholders.

Position	TTM	2025
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July	1.46%	1.35%
PMOC PGIM S&P 500 Max Buffer ETF - October	0.00%	0.00%

Frequently Asked Questions

Can I hold both BFJL and PMOC in my portfolio?

BFJL and PMOC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BFJL or PMOC?

On fees, PMOC is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BFJL or PMOC?

PMOC is cheaper with a 0.50% expense ratio, compared with 0.90% for BFJL.

Which ETF pays a higher dividend yield, BFJL or PMOC?

BFJL has the higher dividend yield at 1.46%, compared with 0.00% for PMOC.

What is the main difference between BFJL and PMOC?

They also come from different issuers: First Trust and PGIM. Their fees differ too: 0.90% for BFJL and 0.50% for PMOC.