OCTU vs. PMSE
OCTU (AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF) and PMSE (PGIM S&P 500 Max Buffer ETF - September) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. OCTU charges 0.74%/yr vs 0.50%/yr for PMSE.
Performance
OCTU vs. PMSE - Performance Comparison
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Returns By Period
In the year-to-date period, OCTU achieves a 5.55% return, which is significantly higher than PMSE's 2.81% return.
OCTU
- 1D
- -1.00%
- 1M
- -1.09%
- YTD
- 5.55%
- 6M
- 5.00%
- 1Y
- 16.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMSE
- 1D
- -0.15%
- 1M
- 0.19%
- YTD
- 2.81%
- 6M
- 2.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OCTU vs. PMSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OCTU AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF | 5.55% | 5.17% |
PMSE PGIM S&P 500 Max Buffer ETF - September | 2.81% | 2.13% |
Correlation
The correlation between OCTU and PMSE is 0.86, 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 Sep 2, 2025 | 0.86 |
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Return for Risk
OCTU vs. PMSE — Risk / Return Rank
OCTU
PMSE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OCTU vs. PMSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF (OCTU) and PGIM S&P 500 Max Buffer ETF - September (PMSE). 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.
| OCTU | PMSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | — | — |
| Martin ratioReturn relative to average drawdown | 11.37 | — | — |
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Drawdowns
OCTU vs. PMSE - Drawdown Comparison
The maximum OCTU drawdown since its inception was -11.24%, which is greater than PMSE's maximum drawdown of -1.44%. Use the drawdown chart below to compare losses from any high point for OCTU and PMSE.
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Drawdown Indicators
| OCTU | PMSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.24% | -1.44% | -9.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.92% | — | — |
Current DrawdownCurrent decline from peak | -2.66% | -0.15% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -0.17% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | — | — |
Volatility
OCTU vs. PMSE - Volatility Comparison
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Volatility by Period
| OCTU | PMSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 2.28% | +7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.61% | 2.28% | +8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.61% | 2.28% | +8.33% |
OCTU vs. PMSE - Expense Ratio Comparison
OCTU has a 0.74% expense ratio, which is higher than PMSE's 0.50% expense ratio.
Dividends
OCTU vs. PMSE - Dividend Comparison
Neither OCTU nor PMSE has paid dividends to shareholders.
Frequently Asked Questions
OCTU and PMSE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PMSE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PMSE is cheaper with a 0.50% expense ratio, compared with 0.74% for OCTU.
OCTU and PMSE have nearly identical dividend yields, around 0.00%.
They also come from different issuers: AllianzIM and PGIM. Their fees differ too: 0.74% for OCTU and 0.50% for PMSE.
Find the right allocation for OCTU and PMSE
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