OCTP vs. APRB
OCTP (PGIM S&P 500 Buffer 12 ETF - October) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. OCTP charges 0.50%/yr vs 0.25%/yr for APRB.
Performance
OCTP vs. APRB - Performance Comparison
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Returns By Period
In the year-to-date period, OCTP achieves a 5.58% return, which is significantly higher than APRB's 4.53% return.
OCTP
- 1D
- -0.50%
- 1M
- 0.64%
- YTD
- 5.58%
- 6M
- 5.27%
- 1Y
- 16.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRB
- 1D
- -0.22%
- 1M
- 0.19%
- YTD
- 4.53%
- 6M
- 4.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OCTP vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OCTP PGIM S&P 500 Buffer 12 ETF - October | 5.58% | 2.61% |
APRB Aptus April Buffer ETF | 4.53% | 2.48% |
Correlation
The correlation between OCTP and APRB is 0.93, 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 14, 2025 | 0.93 |
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Return for Risk
OCTP vs. APRB — Risk / Return Rank
OCTP
APRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OCTP vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 12 ETF - October (OCTP) and Aptus April Buffer ETF (APRB). 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.
| OCTP | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | — | — |
| Martin ratioReturn relative to average drawdown | 15.18 | — | — |
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Drawdowns
OCTP vs. APRB - Drawdown Comparison
The maximum OCTP drawdown since its inception was -11.96%, which is greater than APRB's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for OCTP and APRB.
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Drawdown Indicators
| OCTP | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.96% | -4.59% | -7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.45% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -0.71% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | — | — |
Volatility
OCTP vs. APRB - Volatility Comparison
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Volatility by Period
| OCTP | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.31% | 5.97% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.57% | 5.97% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 5.97% | +3.60% |
OCTP vs. APRB - Expense Ratio Comparison
OCTP has a 0.50% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
OCTP vs. APRB - Dividend Comparison
Neither OCTP nor APRB has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, OCTP and APRB 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.
On fees, APRB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APRB is cheaper with a 0.25% expense ratio, compared with 0.50% for OCTP.
OCTP and APRB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: PGIM and Aptus Capital Advisors. Their fees differ too: 0.50% for OCTP and 0.25% for APRB.
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