PMOC vs. STEN

Last updated Jun 23, 2026

PMOC (PGIM S&P 500 Max Buffer ETF - October) and STEN (iShares Large Cap 10% Target Buffer Sep ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

PMOC vs. STEN - 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 iShares Large Cap 10% Target Buffer Sep ETF (STEN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMOC achieves a 2.93% return, which is significantly lower than STEN's 7.45% return.

PMOC

• 1D: 0.00%
• 1M: 0.41%
• YTD: 2.93%
• 6M: 2.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

STEN

• 1D: -0.21%
• 1M: 0.52%
• YTD: 7.45%
• 6M: 7.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMOC vs. STEN - Yearly Performance Comparison

	2026 (YTD)	2025
PMOC PGIM S&P 500 Max Buffer ETF - October	2.93%	0.93%
STEN iShares Large Cap 10% Target Buffer Sep ETF	7.45%	2.36%

Correlation

The correlation between PMOC and STEN 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 1, 2025	0.91

Return for Risk

PMOC vs. STEN - 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 iShares Large Cap 10% Target Buffer Sep ETF (STEN). 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.

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

Drawdowns

PMOC vs. STEN - Drawdown Comparison

The maximum PMOC drawdown since its inception was -1.50%, smaller than the maximum STEN drawdown of -6.21%. Use the drawdown chart below to compare losses from any high point for PMOC and STEN.

Drawdown Indicators

	PMOC	STEN	Difference
Max Drawdown Largest peak-to-trough decline	-1.50%	-6.21%	+4.71%
Current Drawdown Current decline from peak	-0.04%	-0.61%	+0.57%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.93%	+0.72%

Volatility

Volatility by Period

	PMOC	STEN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.39%	9.42%	-7.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.39%	9.42%	-7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.39%	9.42%	-7.03%

PMOC vs. STEN - Expense Ratio Comparison

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

Dividends

PMOC vs. STEN - Dividend Comparison

PMOC has not paid dividends to shareholders, while STEN's dividend yield for the trailing twelve months is around 0.29%.

Position	TTM	2025
PMOC PGIM S&P 500 Max Buffer ETF - October	0.00%	0.00%
STEN iShares Large Cap 10% Target Buffer Sep ETF	0.29%	0.31%

Frequently Asked Questions

Can I hold both PMOC and STEN in my portfolio?

With a correlation of 0.91, PMOC and STEN 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 STEN?

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 STEN?

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

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

STEN has the higher dividend yield at 0.29%, compared with 0.00% for PMOC.

What is the main difference between PMOC and STEN?

They also come from different issuers: PGIM and BlackRock.