BFOC vs. PMJA
BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) and PMJA (PGIM S&P 500 Max Buffer ETF - January) are both Defined Outcome funds. Both are actively managed. At a 0.50 correlation, their price movements are largely independent. BFOC charges 0.90%/yr vs 0.50%/yr for PMJA.
Performance
BFOC vs. PMJA - Performance Comparison
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Returns By Period
In the year-to-date period, BFOC achieves a -7.58% return, which is significantly lower than PMJA's 2.26% return.
BFOC
- 1D
- -0.67%
- 1M
- -1.05%
- YTD
- -7.58%
- 6M
- -7.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMJA
- 1D
- -0.09%
- 1M
- 0.14%
- YTD
- 2.26%
- 6M
- 2.38%
- 1Y
- 7.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BFOC vs. PMJA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October | -7.58% | -9.75% |
PMJA PGIM S&P 500 Max Buffer ETF - January | 2.26% | 1.73% |
Correlation
The correlation between BFOC and PMJA is 0.50, 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 1, 2025 | 0.50 |
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Return for Risk
BFOC vs. PMJA — Risk / Return Rank
BFOC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PMJA
BFOC vs. PMJA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) and PGIM S&P 500 Max Buffer ETF - January (PMJA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BFOC | PMJA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.79 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.91 | — |
| Martin ratioReturn relative to average drawdown | — | 24.37 | — |
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Drawdowns
BFOC vs. PMJA - Drawdown Comparison
The maximum BFOC drawdown since its inception was -18.41%, which is greater than PMJA's maximum drawdown of -2.98%. Use the drawdown chart below to compare losses from any high point for BFOC and PMJA.
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Drawdown Indicators
| BFOC | PMJA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.41% | -2.98% | -15.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.45% | — |
Current DrawdownCurrent decline from peak | -18.36% | -0.22% | -18.14% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -0.33% | -12.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.29% | — |
Volatility
BFOC vs. PMJA - Volatility Comparison
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Volatility by Period
| BFOC | PMJA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 2.04% | +10.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 2.83% | +9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.31% | 2.83% | +9.48% |
BFOC vs. PMJA - Expense Ratio Comparison
BFOC has a 0.90% expense ratio, which is higher than PMJA's 0.50% expense ratio.
Dividends
BFOC vs. PMJA - Dividend Comparison
Neither BFOC nor PMJA has paid dividends to shareholders.
Frequently Asked Questions
BFOC and PMJA have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PMJA is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PMJA is cheaper with a 0.50% expense ratio, compared with 0.90% for BFOC.
BFOC and PMJA have nearly identical dividend yields, around 0.00%.
They also come from different issuers: First Trust and PGIM. Their fees differ too: 0.90% for BFOC and 0.50% for PMJA.
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