PMOC vs. UXAP

Last updated Jun 24, 2026

PMOC (PGIM S&P 500 Max Buffer ETF - October) and UXAP (FT Vest U.S. Equity Uncapped Accelerator ETF - April) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. PMOC charges 0.50%/yr vs 0.85%/yr for UXAP.

Performance

PMOC vs. UXAP - 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 FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMOC achieves a 2.77% return, which is significantly lower than UXAP's 8.53% return.

PMOC

• 1D: -0.15%
• 1M: 0.25%
• YTD: 2.77%
• 6M: 2.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UXAP

• 1D: -1.37%
• 1M: -1.33%
• YTD: 8.53%
• 6M: 7.51%
• 1Y: 24.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMOC vs. UXAP - Yearly Performance Comparison

	2026 (YTD)	2025
PMOC PGIM S&P 500 Max Buffer ETF - October	2.77%	0.93%
UXAP FT Vest U.S. Equity Uncapped Accelerator ETF - April	8.53%	2.45%

Correlation

The correlation between PMOC and UXAP is 0.90, 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	0.90

Return for Risk

PMOC vs. UXAP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PMOC

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

UXAP

UXAP Risk / Return Rank: 57
UXAP Sharpe Ratio Rank: 57
UXAP Sortino Ratio Rank: 55
UXAP Omega Ratio Rank: 56
UXAP Calmar Ratio Rank: 53
UXAP Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PMOC vs. UXAP - 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 FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP). 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.

	PMOC	UXAP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.76	—
Sortino ratio: Return per unit of downside risk	—	2.40	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.38	—
Martin ratio: Return relative to average drawdown	—	10.49	—

Drawdowns

PMOC vs. UXAP - Drawdown Comparison

The maximum PMOC drawdown since its inception was -1.50%, smaller than the maximum UXAP drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for PMOC and UXAP.

Drawdown Indicators

	PMOC	UXAP	Difference
Max Drawdown Largest peak-to-trough decline	-1.50%	-10.45%	+8.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.45%	—
Current Drawdown Current decline from peak	-0.19%	-3.31%	+3.12%
Average Drawdown Average peak-to-trough decline	-0.21%	-1.29%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.37%	—

Volatility

Volatility by Period

	PMOC	UXAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.40%	14.18%	-11.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.40%	14.56%	-12.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.40%	14.56%	-12.16%

PMOC vs. UXAP - Expense Ratio Comparison

PMOC has a 0.50% expense ratio, which is lower than UXAP's 0.85% expense ratio.

Dividends

PMOC vs. UXAP - Dividend Comparison

Neither PMOC nor UXAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMOC and UXAP in my portfolio?

With a correlation of 0.90, PMOC and UXAP 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 UXAP?

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 UXAP?

PMOC is cheaper with a 0.50% expense ratio, compared with 0.85% for UXAP.

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

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

What is the main difference between PMOC and UXAP?

They also come from different issuers: PGIM and First Trust. Their fees differ too: 0.50% for PMOC and 0.85% for UXAP.