PQJA vs. OCTB

Last updated Jun 4, 2026

PQJA (PGIM Nasdaq-100 Buffer 12 ETF - January) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. PQJA charges 0.50%/yr vs 0.25%/yr for OCTB.

Performance

PQJA vs. OCTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA) 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, PQJA achieves a 8.72% return, which is significantly higher than OCTB's 6.18% return.

PQJA

• 1D: -0.09%
• 1M: 3.19%
• YTD: 8.72%
• 6M: 10.05%
• 1Y: 22.65%
• 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)

PQJA vs. OCTB - Yearly Performance Comparison

	2026 (YTD)	2025
PQJA PGIM Nasdaq-100 Buffer 12 ETF - January	8.72%	4.16%
OCTB Aptus October Buffer ETF	6.18%	2.37%

Correlation

The correlation between PQJA and OCTB 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 15, 2025	0.91

Return for Risk

PQJA vs. OCTB — Risk / Return Rank

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

PQJA

PQJA Risk / Return Rank: 82
PQJA Sharpe Ratio Rank: 85
PQJA Sortino Ratio Rank: 87
PQJA Omega Ratio Rank: 88
PQJA Calmar Ratio Rank: 68
PQJA Martin Ratio Rank: 82

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.

PQJA vs. OCTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA) 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.

	PQJA	OCTB	Difference
Sharpe ratio: Return per unit of total volatility	2.77	—	—
Sortino ratio: Return per unit of downside risk	3.93	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	3.36	—	—
Martin ratio: Return relative to average drawdown	16.33	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PQJA	OCTB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	1.97	-0.58

Drawdowns

PQJA vs. OCTB - Drawdown Comparison

The maximum PQJA drawdown since its inception was -14.72%, which is greater than OCTB's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for PQJA and OCTB.

Drawdown Indicators

	PQJA	OCTB	Difference
Max Drawdown Largest peak-to-trough decline	-14.72%	-4.79%	-9.93%
Max Drawdown (1Y) Largest decline over 1 year	-6.77%	—	—
Current Drawdown Current decline from peak	-0.09%	-0.17%	+0.08%
Average Drawdown Average peak-to-trough decline	-1.65%	-0.70%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	—	—

Volatility

Volatility by Period

	PQJA	OCTB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.24%	7.20%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.42%	7.20%	+6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.42%	7.20%	+6.22%

PQJA vs. OCTB - Expense Ratio Comparison

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

Dividends

PQJA vs. OCTB - Dividend Comparison

Neither PQJA nor OCTB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PQJA and OCTB in my portfolio?

With a correlation of 0.91, PQJA and OCTB 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, PQJA 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, PQJA or OCTB?

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

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

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

What is the main difference between PQJA and OCTB?

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