UXOC vs. PQOC

Last updated Aug 1, 2026

UXOC (FT Vest U.S. Equity Uncapped Accelerator ETF - October) and PQOC (PGIM Nasdaq-100 Buffer 12 ETF - October) are both Defined Outcome funds. Both are actively managed. Over the past year, UXOC returned 21.58% vs 15.84% for PQOC. Their correlation of 0.93 means they have usually moved in the same direction. UXOC charges 0.85%/yr vs 0.50%/yr for PQOC.

Performance

UXOC vs. PQOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) and PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UXOC achieves a 9.97% return, which is significantly higher than PQOC's 8.52% return.

UXOC

• 1D: 1.02%
• 1M: 0.46%
• 6M: 8.49%
• YTD: 9.97%
• 1Y: 21.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.44%

PQOC

• 1D: 0.53%
• 1M: 0.03%
• 6M: 7.77%
• YTD: 8.52%
• 1Y: 15.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.90%

*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)
PQOC PGIM Nasdaq-100 Buffer 12 ETF - October	$56.46K	$97.27K	$119.79K
UXOC FT Vest U.S. Equity Uncapped Accelerator ETF - October	$47.86K	$47.57K	$87.77K

UXOC vs. PQOC - Yearly Performance Comparison

	2026 (YTD)	2025
UXOC FT Vest U.S. Equity Uncapped Accelerator ETF - October	9.97%	17.29%
PQOC PGIM Nasdaq-100 Buffer 12 ETF - October	8.52%	14.67%

Correlation

The correlation between UXOC and PQOC is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 2025	0.93

The correlation between UXOC and PQOC has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

Return for Risk

UXOC vs. PQOC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UXOC

UXOC Risk / Return Rank: 56
UXOC Sharpe Ratio Rank: 55
UXOC Sortino Ratio Rank: 53
UXOC Omega Ratio Rank: 52
UXOC Calmar Ratio Rank: 55
UXOC Martin Ratio Rank: 64

PQOC

PQOC Risk / Return Rank: 70
PQOC Sharpe Ratio Rank: 70
PQOC Sortino Ratio Rank: 69
PQOC Omega Ratio Rank: 71
PQOC Calmar Ratio Rank: 62
PQOC Martin Ratio Rank: 77

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.

UXOC vs. PQOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) and PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC). 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.

	UXOC	PQOC	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.61	-0.26
Sortino ratio: Return per unit of downside risk	1.89	2.28	-0.39
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	1.98	2.22	-0.23
Martin ratio: Return relative to average drawdown	7.87	9.75	-1.88

UXOC vs. PQOC - Sharpe Ratio Comparison

The current UXOC Sharpe Ratio is 1.35, which is comparable to the PQOC Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of UXOC and PQOC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UXOC vs. PQOC - Drawdown Comparison

The maximum UXOC drawdown since its inception was -19.93%, which is greater than PQOC's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for UXOC and PQOC.

Drawdown Indicators

	UXOC	PQOC	Difference
Max Drawdown Largest peak-to-trough decline	-19.93%	-13.71%	-6.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	-6.68%	-3.13%
Current Drawdown Current decline from peak	-1.99%	-0.85%	-1.14%
Average Drawdown Average peak-to-trough decline	-2.71%	-1.53%	-1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	1.52%	+0.95%

Volatility

UXOC vs. PQOC - Volatility Comparison

FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) has a higher volatility of 4.13% compared to PGIM Nasdaq-100 Buffer 12 ETF - October (PQOC) at 2.82%. This indicates that UXOC's price experiences larger fluctuations and is considered to be riskier than PQOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UXOC	PQOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	2.82%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	7.19%	+3.95%
Volatility (1Y) Calculated over the trailing 1-year period	14.39%	9.17%	+5.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.84%	12.64%	+5.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	12.64%	+5.20%

UXOC vs. PQOC - Expense Ratio Comparison

UXOC has a 0.85% expense ratio, which is higher than PQOC's 0.50% expense ratio.

Dividends

UXOC vs. PQOC - Dividend Comparison

Neither UXOC nor PQOC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UXOC and PQOC in my portfolio?

With a correlation of 0.93, UXOC and PQOC 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 is riskier, UXOC or PQOC?

UXOC has higher volatility (4.13%) compared to PQOC (2.82%). In terms of maximum drawdown, UXOC dropped -19.93% vs PQOC's -13.71%.

Which ETF is better, UXOC or PQOC?

On 1-year performance, UXOC leads with 21.58% vs 15.84% for PQOC. On fees, PQOC is cheaper at 0.50% per year. On volatility, PQOC has been the lower-risk option at 2.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXOC or PQOC?

Over the 1-year period, UXOC has performed better with a 21.58% return vs 15.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXOC or PQOC?

PQOC is cheaper with a 0.50% expense ratio, compared with 0.85% for UXOC.

Which ETF pays a higher dividend yield, UXOC or PQOC?

UXOC and PQOC have nearly identical dividend yields, around 0.00%.

What is the main difference between UXOC and PQOC?

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

Which has better risk-adjusted returns?

PQOC currently has the higher Sharpe Ratio (1.61 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.