Which has more room to gain, BOCT or PBOC?

From their prices on Oct 2, 2026, BOCT can gain about 19.4% before its cap and PBOC about 11.9%, so BOCT has more room left this period.

Which resets first, BOCT or PBOC?

BOCT ends its outcome period on Sep 30, 2027 and PBOC on Sep 30, 2027. A new cap is set the day after each.

Which is cheaper, BOCT or PBOC?

BOCT charges 0.79% a year and PBOC charges 0.50%, so PBOC is cheaper. Fees come from each fund's prospectus.

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BOCT vs PBOC: which one stands where?

As of Oct 2, 2026 PBOC can fall 0.9% before its buffer engages and BOCT 0.7%. Innovator U.S. Equity Buffer ETF - Oct and PGIM S&P 500 Buffer 20 ETF - October .

PBOC costs 0.29 points a year less; their one-year returns differ by 4.2 points; BOCT is 5.1 times larger.

	BOCT	PBOC
Expense ratio	0.79%	0.50%
Net assets	$292m	$57m
Total return, 1 year	+14.3%	+10.1%
What it tracks	SPY	SPY
Holdings in common	not published

0.7%

BOCT can fall this far before its buffer

0.9%

PBOC can fall this far before its buffer

19.4%

BOCT can still gain

11.9%

PBOC can still gain

BOCTBetween buffer and cap

BOCT: reference +0.9% since period start, fund +0.7%; buffer 0 to −9; cap +20.2%; Between buffer and cap.

PBOCBetween buffer and cap

PBOC: reference +0.9% since period start, fund +0.4%; buffer 0 to −20; cap +12.8%; Between buffer and cap.

ETFIQ Downside Cover Score · PBOC scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

BOCT 16.5

PBOC 99.1

0.2, the lowest in this set99.8, the highest

A percentile among the 294 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

Where each one stands today

BOCT resets first, on Sep 30, 2027, 363 days from now; PBOC runs to Sep 30, 2027, 363 days. BOCT can still gain 19.4% before its cap, PBOC 11.9%. A fall from here reaches BOCT’s buffer after 0.7% and PBOC’s after 0.9%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	BOCT	PBOC	BOCT	PBOC
3 months	+4.6%	+3.1%	+1.0 pts	−0.5 pts
6 months	+14.8%	+9.3%	−3.2 pts	−8.7 pts
1 year	+14.3%	+10.1%	−1.9 pts	−6.1 pts
3 years	+58.1%	not published	−31.2 pts	not published

BOCT and PBOC over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BOCT

Innovator U.S. Equity Buffer ETF - Oct · Absorbs the first 9% of loss on SPY and caps the gain at 20.2%, over a period ending Sep 30, 2027

PBOC

PGIM S&P 500 Buffer 20 ETF - October · Absorbs the first 20% of loss on SPY and caps the gain at 12.8%, over a period ending Sep 30, 2027

Issuer Innovator PGIM

Reference index SPY SPY

Buffer 9% 20%

Outcome period Sep 30, 2026 to Sep 30, 2027 Oct 1, 2026 to Sep 30, 2027

Days left 363 363

Starting cap +20.2% +12.8%

Can still gain 19.4% 11.9%

Fall before buffer 0.7% 0.9%

Protection left, index points 9.0% of 9.0% 20.0% of 20.0%

Index return this period +0.9% +0.9%

Fund return this period +0.7% +0.4%

State today Open Open

Expense ratio 0.79% 0.50%

Net assets $292m $57m

BOCT and PBOC on the same fields, as of Oct 2, 2026. Source: ETFIQ.

BOCT in plain words

From its price on Oct 2, 2026, the fund can gain about 19.4% more before it reaches its cap. The fund's price can fall 0.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.9% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 363 days remained on Oct 2, 2026. On Sep 30, 2027 the period ends and a new cap is set.

PBOC in plain words

From its price on Oct 2, 2026, the fund can gain about 11.9% 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: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BOCT or PBOC?: From their prices on Oct 2, 2026, BOCT can gain about 19.4% before its cap and PBOC about 11.9%, so BOCT has more room left this period.
Which resets first, BOCT or PBOC?: BOCT ends its outcome period on Sep 30, 2027 and PBOC on Sep 30, 2027. A new cap is set the day after each.
Which is cheaper, BOCT or PBOC?: BOCT charges 0.79% a year and PBOC charges 0.50%, so PBOC is cheaper. Fees come from each fund's prospectus.

Other comparisons

BOCT vs ZOCT BOCT vs AIOO BOCT vs APOC BOCT vs BSEP PBOC vs PMOC PBOC vs SEPM PBOC vs TOCT PBOC vs XBOC

SPY →BOCT on its own →PBOC on its own →How every figure is computed →Standards and sources →

Where these figures came from

BOCT filings on SEC EDGAR ↗Innovator page for BOCT ↗PBOC filings on SEC EDGAR ↗PGIM website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, BOCT against PBOC, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/boct-vs-pboc

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.