PMOC vs. PMAU

Last updated Jun 4, 2026

PMOC (PGIM S&P 500 Max Buffer ETF - October) and PMAU (PGIM S&P 500 Max Buffer ETF - August) are both Defined Outcome funds from PGIM. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

PMOC vs. PMAU - 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 PGIM S&P 500 Max Buffer ETF - August (PMAU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PMOC having a 2.83% return and PMAU slightly higher at 2.95%.

PMOC

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

PMAU

• 1D: -0.02%
• 1M: 0.89%
• YTD: 2.95%
• 6M: 3.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMOC vs. PMAU - Yearly Performance Comparison

	2026 (YTD)	2025
PMOC PGIM S&P 500 Max Buffer ETF - October	2.83%	0.93%
PMAU PGIM S&P 500 Max Buffer ETF - August	2.95%	1.16%

Correlation

The correlation between PMOC and PMAU is 0.91, 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 2, 2025	0.91

Return for Risk

PMOC vs. PMAU - 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 PGIM S&P 500 Max Buffer ETF - August (PMAU). 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	PMAU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.38	2.90	-0.51

Drawdowns

PMOC vs. PMAU - Drawdown Comparison

The maximum PMOC drawdown since its inception was -1.50%, smaller than the maximum PMAU drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for PMOC and PMAU.

Drawdown Indicators

	PMOC	PMAU	Difference
Max Drawdown Largest peak-to-trough decline	-1.50%	-1.79%	+0.29%
Current Drawdown Current decline from peak	0.00%	-0.02%	+0.02%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.17%	-0.04%

Volatility

Volatility by Period

	PMOC	PMAU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.42%	2.51%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.42%	2.51%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.42%	2.51%	-0.09%

PMOC vs. PMAU - Expense Ratio Comparison

Both PMOC and PMAU have an expense ratio of 0.50%.

Dividends

PMOC vs. PMAU - Dividend Comparison

Neither PMOC nor PMAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMOC and PMAU in my portfolio?

With a correlation of 0.91, PMOC and PMAU 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.

Which ETF is better, PMOC or PMAU?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PMOC or PMAU?

PMOC and PMAU have the same expense ratio: 0.50% per year.

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

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