PMOC vs. OCTB

Last updated Jun 4, 2026

PMOC (PGIM S&P 500 Max Buffer ETF - October) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. PMOC charges 0.50%/yr vs 0.25%/yr for OCTB.

Performance

PMOC vs. OCTB - 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 Aptus October Buffer ETF (OCTB). 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 OCTB's 6.18% return.

PMOC

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

OCTB

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

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

PMOC vs. OCTB - Yearly Performance Comparison

	2026 (YTD)	2025
PMOC PGIM S&P 500 Max Buffer ETF - October	2.83%	1.05%
OCTB Aptus October Buffer ETF	6.18%	2.37%

Correlation

The correlation between PMOC and OCTB is 0.89, 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	0.89

Return for Risk

PMOC vs. OCTB - 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 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PMOC	OCTB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.38	1.97	+0.41

Drawdowns

PMOC vs. OCTB - Drawdown Comparison

The maximum PMOC drawdown since its inception was -1.50%, smaller than the maximum OCTB drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for PMOC and OCTB.

Drawdown Indicators

	PMOC	OCTB	Difference
Max Drawdown Largest peak-to-trough decline	-1.50%	-4.79%	+3.29%
Current Drawdown Current decline from peak	0.00%	-0.17%	+0.17%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.70%	+0.49%

Volatility

Volatility by Period

	PMOC	OCTB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.42%	7.20%	-4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.42%	7.20%	-4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.42%	7.20%	-4.78%

PMOC vs. OCTB - Expense Ratio Comparison

PMOC has a 0.50% expense ratio, which is higher than OCTB's 0.25% expense ratio.

Dividends

PMOC vs. OCTB - Dividend Comparison

Neither PMOC nor OCTB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMOC and OCTB in my portfolio?

PMOC and OCTB have a correlation of 0.89, 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 OCTB?

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, PMOC or OCTB?

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

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

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

What is the main difference between PMOC and OCTB?

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