OCTB vs. PQJA

Last updated Jun 4, 2026

OCTB (Aptus October Buffer ETF) and PQJA (PGIM Nasdaq-100 Buffer 12 ETF - January) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. OCTB charges 0.25%/yr vs 0.50%/yr for PQJA.

Performance

OCTB vs. PQJA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus October Buffer ETF (OCTB) and PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OCTB achieves a 6.18% return, which is significantly lower than PQJA's 8.72% return.

OCTB

• 1D: -0.17%
• 1M: 2.41%
• YTD: 6.18%
• 6M: 6.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PQJA

• 1D: -0.09%
• 1M: 3.19%
• YTD: 8.72%
• 6M: 10.05%
• 1Y: 22.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OCTB vs. PQJA - Yearly Performance Comparison

	2026 (YTD)	2025
OCTB Aptus October Buffer ETF	6.18%	2.37%
PQJA PGIM Nasdaq-100 Buffer 12 ETF - January	8.72%	4.16%

Correlation

The correlation between OCTB and PQJA is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.91

Return for Risk

OCTB vs. PQJA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PQJA

PQJA Risk / Return Rank: 82
PQJA Sharpe Ratio Rank: 85
PQJA Sortino Ratio Rank: 87
PQJA Omega Ratio Rank: 88
PQJA Calmar Ratio Rank: 68
PQJA Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OCTB vs. PQJA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus October Buffer ETF (OCTB) and PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA). 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

	OCTB	PQJA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	1.39	+0.58

Drawdowns

OCTB vs. PQJA - Drawdown Comparison

The maximum OCTB drawdown since its inception was -4.79%, smaller than the maximum PQJA drawdown of -14.72%. Use the drawdown chart below to compare losses from any high point for OCTB and PQJA.

Drawdown Indicators

	OCTB	PQJA	Difference
Max Drawdown Largest peak-to-trough decline	-4.79%	-14.72%	+9.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.77%	—
Current Drawdown Current decline from peak	-0.17%	-0.09%	-0.08%
Average Drawdown Average peak-to-trough decline	-0.70%	-1.65%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.39%	—

Volatility

Volatility by Period

	OCTB	PQJA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.20%	8.24%	-1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.20%	13.42%	-6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.20%	13.42%	-6.22%

OCTB vs. PQJA - Expense Ratio Comparison

OCTB has a 0.25% expense ratio, which is lower than PQJA's 0.50% expense ratio.

Dividends

OCTB vs. PQJA - Dividend Comparison

Neither OCTB nor PQJA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OCTB and PQJA in my portfolio?

With a correlation of 0.91, OCTB and PQJA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, OCTB or PQJA?

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, OCTB or PQJA?

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

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

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

What is the main difference between OCTB and PQJA?

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