PMOC vs. XDEC

Last updated Aug 1, 2026

PMOC (PGIM S&P 500 Max Buffer ETF - October) and XDEC (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December) are both Defined Outcome funds. PMOC is actively managed, while XDEC is passively managed. Their correlation of 0.82 means they have usually moved in the same direction. PMOC charges 0.50%/yr vs 0.85%/yr for XDEC.

Performance

PMOC vs. XDEC - 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 Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMOC achieves a 3.62% return, which is significantly lower than XDEC's 5.37% return.

PMOC

• 1D: 0.17%
• 1M: 0.54%
• 6M: 3.17%
• YTD: 3.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XDEC

• 1D: 0.16%
• 1M: 0.63%
• 6M: 4.67%
• YTD: 5.37%
• 1Y: 10.45%
• 3Y*: 9.41%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.02%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PMOC PGIM S&P 500 Max Buffer ETF - October	$1.97K	$1.11K	$4.69K
XDEC FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December	$227.38K	$240.31K	$746.96K

PMOC vs. XDEC - Yearly Performance Comparison

	2026 (YTD)	2025
PMOC PGIM S&P 500 Max Buffer ETF - October	3.62%	0.93%
XDEC FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December	5.37%	2.05%

Correlation

The correlation between PMOC and XDEC is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.82

Return for Risk

PMOC vs. XDEC — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

XDEC

XDEC Risk / Return Rank: 85
XDEC Sharpe Ratio Rank: 86
XDEC Sortino Ratio Rank: 89
XDEC Omega Ratio Rank: 91
XDEC Calmar Ratio Rank: 71
XDEC Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PMOC vs. XDEC - 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 Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC). 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	XDEC	Difference
Sharpe ratio: Return per unit of total volatility	—	2.06	—
Sortino ratio: Return per unit of downside risk	—	3.10	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	2.52	—
Martin ratio: Return relative to average drawdown	—	14.33	—

Drawdowns

PMOC vs. XDEC - Drawdown Comparison

The maximum PMOC drawdown since its inception was -1.50%, smaller than the maximum XDEC drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for PMOC and XDEC.

Drawdown Indicators

	PMOC	XDEC	Difference
Max Drawdown Largest peak-to-trough decline	-1.50%	-11.75%	+10.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.08%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.19%	-1.60%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.69%	—

Volatility

Volatility by Period

	PMOC	XDEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.30%	4.79%	-2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.30%	8.36%	-6.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.30%	8.36%	-6.06%

PMOC vs. XDEC - Expense Ratio Comparison

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

Dividends

PMOC vs. XDEC - Dividend Comparison

Neither PMOC nor XDEC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMOC and XDEC in my portfolio?

PMOC and XDEC have a correlation of 0.82, 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 XDEC?

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 XDEC?

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

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

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

What is the main difference between PMOC and XDEC?

They also come from different issuers: PGIM and FT Vest. Their fees differ too: 0.50% for PMOC and 0.85% for XDEC.