Which resets first, AIOO or PQX?

AIOO ends its outcome period on Dec 31, 2026 and PQX on Dec 31, 2026. New terms are set the day after each.

Which is cheaper, AIOO or PQX?

AIOO charges 0.64% a year and PQX charges 0.50%, so PQX is cheaper. Fees come from each fund's prospectus.

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AIOO vs PQX: Cap, Buffer & Days Left

As of Oct 13, 2026 PQX can fall 0.9% before its buffer engages and AIOO 0.5%. Net assets on Oct 13, 2026: $63m for AllianzIM U.S. Equity Buffer100 Protection ETF - Jan and $9m for PGIM S&P 500 Quarterly Buffer 10 ETF.

PQX costs 0.14 points a year less; AIOO is 7.2 times larger.

Points (pts) are percentage points.

AIOO vs PQX: Cap, Buffer & Days Left
	AIOO	PQX
Expense ratio	0.64%	0.50%
Net assets	$63m	$9m
Total return, 1 year	+4.0%	not published
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	2.0%

0.5%

AIOO can fall this far before its buffer

0.9%

PQX can fall this far before its buffer

uncapped

AIOO can still gain

2.5%

PQX can still gain

AIOONo cap

AIOO: reference +2.0% since period start, fund +0.5%; buffer Floor; no cap; No cap. Figures to Oct 13, 2026.

Figures to Oct 13, 2026.

PQXBetween buffer and cap

PQX: reference +2.0% since period start, fund +0.8%; buffer 0 to −10; cap +3.5%; Between buffer and cap. Figures to Oct 13, 2026.

These are two different products. AIOO is a floor fund, which caps how far a holder can fall. PQX is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

AIOO has no cap. It takes 30% of whatever the index does, where PQX takes all of the rise up to 3.5% and nothing above it.

Where each one stands today

AIOO resets first, on Dec 31, 2026, 79 days from now; PQX runs to Dec 31, 2026, 79 days. A fall from here reaches AIOO’s buffer after 0.5% and PQX’s after 0.9%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: AIOO vs PQX: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AIOO	PQX	AIOO	PQX
3 months	+0.8%	+2.2%	−2.7 pts	−1.3 pts
6 months	+2.7%	not published	−9.3 pts	not published
1 year	+4.0%	not published	−13.3 pts	not published
Since launch Not the same days: AIOO Jul 2025 · PQX Jul 2026	+6.1%	+2.7%	−19.8 pts	−1.6 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →

On the same fields

AIOO

AllianzIM U.S. Equity Buffer100 Protection ETF - Jan · Absorbs the whole loss on SPY and does not cap the gain, over a period ending Dec 31, 2026

PQX

PGIM S&P 500 Quarterly Buffer 10 ETF · Absorbs the first 10% of loss on SPY and caps the gain at 3.5%, over a period ending Dec 31, 2026

Issuer AllianzIM PGIM

Reference index SPY SPY

Buffer 100% 10%

Outcome period Oct 1, 2026 to Dec 31, 2026 Oct 1, 2026 to Dec 31, 2026

Days left 79 79

Starting cap uncapped +3.5%

Can still gain uncapped 2.5%

Fall before buffer 0.5% 0.9%

Protection left, index points 100.0% of 100.0% 10.0% of 10.0%

Index return this period +2.0% +2.0%

Fund return this period +0.5% +0.8%

State today Uncapped Open

Expense ratio 0.64% 0.50%

Net assets $63m $9m

As of Oct 13, 2026. Source: ETFIQ.

About AIOO

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 0.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.0% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 79 days remained on Oct 13, 2026. On Dec 31, 2026 the period ends and new terms are set.

About PQX

From its price on Oct 13, 2026, the fund can gain about 2.5% more before it reaches its cap. The fund's price can fall 0.9% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. On Dec 31, 2026 the period ends and a new cap is set.

Questions people ask

Which resets first, AIOO or PQX?: AIOO ends its outcome period on Dec 31, 2026 and PQX on Dec 31, 2026. New terms are set the day after each.
Which is cheaper, AIOO or PQX?: AIOO charges 0.64% a year and PQX charges 0.50%, so PQX is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIOO vs PJAN AIOO vs FLAO AIOO vs FLJJ AIOO vs PMOC PQX vs PBOC PQX vs QBSF PQX vs JANT PQX vs OCTT

SPDR® S&P 500® ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →AIOO on its own →PQX on its own →How every figure is computed →Standards and sources →

Where these figures came from

AIOO filings on SEC EDGAR ↗AllianzIM page for AIOO ↗PQX filings on SEC EDGAR ↗PGIM website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every figure from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, AIOO against PQX, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/aioo-vs-pqx

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.