PMOC vs. NVDO

Last updated Jun 4, 2026

PMOC (PGIM S&P 500 Max Buffer ETF - October) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. PMOC charges 0.50%/yr vs 0.77%/yr for NVDO.

Performance

PMOC vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Max Buffer ETF - October (PMOC) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMOC achieves a 2.83% return, which is significantly lower than NVDO's 18.85% return.

PMOC

• 1D: 0.06%
• 1M: 0.91%
• YTD: 2.83%
• 6M: 3.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDO

• 1D: -2.46%
• 1M: 14.15%
• YTD: 18.85%
• 6M: 29.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMOC vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
PMOC PGIM S&P 500 Max Buffer ETF - October	2.83%	0.93%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	18.85%	6.22%

Correlation

The correlation between PMOC and NVDO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.54

Return for Risk

PMOC vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - October (PMOC) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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

	PMOC	NVDO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.38	1.30	+1.08

Drawdowns

PMOC vs. NVDO - Drawdown Comparison

The maximum PMOC drawdown since its inception was -1.50%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for PMOC and NVDO.

Drawdown Indicators

	PMOC	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-1.50%	-16.25%	+14.75%
Current Drawdown Current decline from peak	0.00%	-2.68%	+2.68%
Average Drawdown Average peak-to-trough decline	-0.21%	-4.99%	+4.78%

Volatility

Volatility by Period

	PMOC	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.42%	31.93%	-29.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.42%	31.93%	-29.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.42%	31.93%	-29.51%

PMOC vs. NVDO - Expense Ratio Comparison

PMOC has a 0.50% expense ratio, which is lower than NVDO's 0.77% expense ratio.

Dividends

PMOC vs. NVDO - Dividend Comparison

PMOC has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.02%.

Position	TTM	2025
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.02%	16.66%
PMOC PGIM S&P 500 Max Buffer ETF - October	0.00%	0.00%

Frequently Asked Questions

Can I hold both PMOC and NVDO in my portfolio?

PMOC and NVDO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PMOC or NVDO?

On fees, PMOC is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PMOC or NVDO?

PMOC is cheaper with a 0.50% expense ratio, compared with 0.77% for NVDO.

Which ETF pays a higher dividend yield, PMOC or NVDO?

NVDO has the higher dividend yield at 14.02%, compared with 0.00% for PMOC.

What is the main difference between PMOC and NVDO?

They also come from different issuers: PGIM and Leverage Shares. Their fees differ too: 0.50% for PMOC and 0.77% for NVDO.