PMFB vs. OCTB
PMFB (PGIM S&P 500 Max Buffer ETF - February) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. PMFB charges 0.50%/yr vs 0.25%/yr for OCTB.
Performance
PMFB vs. OCTB - Performance Comparison
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Returns By Period
In the year-to-date period, PMFB achieves a 2.39% return, which is significantly lower than OCTB's 5.52% return.
PMFB
- 1D
- -0.13%
- 1M
- 0.06%
- YTD
- 2.39%
- 6M
- 2.46%
- 1Y
- 7.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OCTB
- 1D
- -0.56%
- 1M
- 0.00%
- YTD
- 5.52%
- 6M
- 5.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMFB vs. OCTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PMFB PGIM S&P 500 Max Buffer ETF - February | 2.39% | 1.73% |
OCTB Aptus October Buffer ETF | 5.52% | 2.37% |
Correlation
The correlation between PMFB and OCTB is 0.87, 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 | 0.87 |
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Return for Risk
PMFB vs. OCTB — Risk / Return Rank
PMFB
OCTB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PMFB vs. OCTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - February (PMFB) 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.
| PMFB | OCTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.78 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | — | — |
| Martin ratioReturn relative to average drawdown | 28.39 | — | — |
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Drawdowns
PMFB vs. OCTB - Drawdown Comparison
The maximum PMFB drawdown since its inception was -2.94%, smaller than the maximum OCTB drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for PMFB and OCTB.
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Drawdown Indicators
| PMFB | OCTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.94% | -4.79% | +1.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.34% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.82% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -0.69% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | — | — |
Volatility
PMFB vs. OCTB - Volatility Comparison
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Volatility by Period
| PMFB | OCTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 7.26% | -5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 7.26% | -4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.76% | 7.26% | -4.50% |
PMFB vs. OCTB - Expense Ratio Comparison
PMFB has a 0.50% expense ratio, which is higher than OCTB's 0.25% expense ratio.
Dividends
PMFB vs. OCTB - Dividend Comparison
Neither PMFB nor OCTB has paid dividends to shareholders.
Frequently Asked Questions
PMFB and OCTB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
OCTB is cheaper with a 0.25% expense ratio, compared with 0.50% for PMFB.
PMFB and OCTB 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 PMFB and 0.25% for OCTB.
Find the right allocation for PMFB and OCTB
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