JUNP vs. OCTB

Last updated Aug 1, 2026

JUNP (PGIM S&P 500 Buffer 12 ETF - June) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.90 means they have usually moved in the same direction. JUNP charges 0.50%/yr vs 0.25%/yr for OCTB.

Performance

JUNP vs. OCTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Buffer 12 ETF - June (JUNP) and Aptus October Buffer ETF (OCTB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUNP achieves a 3.86% return, which is significantly lower than OCTB's 7.27% return.

JUNP

• 1D: 0.38%
• 1M: 0.50%
• 6M: 3.27%
• YTD: 3.86%
• 1Y: 10.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.76%

OCTB

• 1D: 0.58%
• 1M: 0.86%
• 6M: 6.48%
• YTD: 7.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JUNP PGIM S&P 500 Buffer 12 ETF - June	$392.78K	$2.38M	$1.22M
OCTB Aptus October Buffer ETF	$58.52K	$94.12K	$66.59K

JUNP vs. OCTB - Yearly Performance Comparison

	2026 (YTD)	2025
JUNP PGIM S&P 500 Buffer 12 ETF - June	3.86%	2.46%
OCTB Aptus October Buffer ETF	7.27%	2.37%

Correlation

The correlation between JUNP and OCTB is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.90

Return for Risk

JUNP vs. OCTB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JUNP

JUNP Risk / Return Rank: 55
JUNP Sharpe Ratio Rank: 41
JUNP Sortino Ratio Rank: 42
JUNP Omega Ratio Rank: 63
JUNP Calmar Ratio Rank: 44
JUNP Martin Ratio Rank: 83

OCTB

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JUNP vs. OCTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 12 ETF - June (JUNP) and Aptus October Buffer ETF (OCTB). 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.

	JUNP	OCTB	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.56	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.61	—	—
Martin ratio: Return relative to average drawdown	11.44	—	—

Drawdowns

JUNP vs. OCTB - Drawdown Comparison

The maximum JUNP drawdown since its inception was -11.23%, which is greater than OCTB's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for JUNP and OCTB.

Drawdown Indicators

	JUNP	OCTB	Difference
Max Drawdown Largest peak-to-trough decline	-11.23%	-4.79%	-6.44%
Max Drawdown (1Y) Largest decline over 1 year	-5.81%	—	—
Current Drawdown Current decline from peak	-0.39%	0.00%	-0.39%
Average Drawdown Average peak-to-trough decline	-0.89%	-0.66%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	—	—

Volatility

Volatility by Period

	JUNP	OCTB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.04%	7.16%	+1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.36%	7.16%	+3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.36%	7.16%	+3.20%

JUNP vs. OCTB - Expense Ratio Comparison

JUNP has a 0.50% expense ratio, which is higher than OCTB's 0.25% expense ratio.

Dividends

JUNP vs. OCTB - Dividend Comparison

Neither JUNP nor OCTB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JUNP and OCTB in my portfolio?

JUNP and OCTB have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JUNP or OCTB?

On fees, OCTB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JUNP or OCTB?

OCTB is cheaper with a 0.25% expense ratio, compared with 0.50% for JUNP.

Which ETF pays a higher dividend yield, JUNP or OCTB?

JUNP and OCTB have nearly identical dividend yields, around 0.00%.

What is the main difference between JUNP and OCTB?

They also come from different issuers: PGIM and Aptus. Their fees differ too: 0.50% for JUNP and 0.25% for OCTB.