IQ

Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Buffer ETFs

DHDG vs PMNV: Cap, Buffer & Days Left

Share
Share on XDownload as PDF

As of Nov 4, 2026 DHDG can fall 3.1% before its buffer engages and PMNV 0.9%, and DHDG resets 289 days sooner.

askIQ about this page

askIQ about DHDG and PMNV

Net assets: $81m on Nov 3, 2026 for FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF, and $5.6m on Nov 4, 2026 for PGIM S&P 500 Max Buffer ETF - November.

DHDG on its own →PMNV on its own →
At a glance
3.1%
DHDG can fall this far before its buffer
0.9%
PMNV can fall this far before its buffer
3.9%
DHDG can still gain
7.4%
PMNV can still gain
DHDG Between buffer and cap
Between buffer and capDHDG: reference +0.5% since period start, fund +0.4%; buffer −2 to −15; cap +4.5%; Between buffer and cap. Data to Nov 4, 2026.12.5 pts of buffer−15.0% floor−2.5% buffer start0% period start+4.5% capfirst 2.5 pts are yours to lose+0.5% gain captured+4% more to the capTODAY · SPY +0.5%Between buffer and capDHDG: reference +0.5% since period start, fund +0.4%; buffer −2 to −15; cap +4.5%; Between buffer and cap. Data to Nov 4, 2026.−15.0% floor−2.5% buffer start0% start+4.5% cap12.5 pts of bufferfirst 2.5 pts are yours to lose+0.5% gain captured+4% more to the capTODAY · SPY +0.5%

DHDG: reference +0.5% since period start, fund +0.4%; buffer −2 to −15; cap +4.5%; Between buffer and cap. Data to Nov 4, 2026.

DHDG: reference +0.5% since period start, fund +0.4%; buffer −2 to −15; cap +4.5%; Between buffer and cap. Data to Nov 4, 2026.
PMNV Full floor
Full floorPMNV: reference +1.5% since period start, fund +0.4%; buffer Floor; cap +8.3%; Full floor. Data to Nov 4, 2026.full floor beneath+6.8% to capfull floor0% period start+8.3% cap+1.5% gain capturedTODAY · SPY +1.5%Full floorPMNV: reference +1.5% since period start, fund +0.4%; buffer Floor; cap +8.3%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+8.3% cap+1.5% gain captured+6.8% more to the capTODAY · SPY +1.5%

PMNV: reference +1.5% since period start, fund +0.4%; buffer Floor; cap +8.3%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PMNV costs 0.35 points a year less; their one-year returns differ by 6.2 points; DHDG is 15.9 times larger.

Points (pts) are percentage points.

DHDG vs PMNV: Cap, Buffer & Days Left
MeasureDHDGPMNV
Return
Total return, 1 year+13.1%+6.9%
Drawdown
Index fall to the buffer2.9%1.4%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.50%
Net assets, as of Nov 3, 2026$81m$5.1m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DHDG vs PMNV: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDHDGPMNVDHDGPMNV
3 months+1.3%+1.9%+1.6 pts+2.3 pts
6 months+5.6%+3.8%+1.1 pts−0.7 pts
1 year+13.1%+6.9%−0.5 pts−6.6 pts
Since launchNot the same days: DHDG Oct 2024 · PMNV Nov 2025+24.9%+6.8%−6.5 pts−5.4 pts

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

Side by side

DHDG FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF · Absorbs losses from 2.5% to 15.0% on SPY and caps the gain at 4.5%, over a period ending Jan 15, 2027 PMNV PGIM S&P 500 Max Buffer ETF - November · Absorbs the whole loss on SPY and caps the gain at 8.3%, over a period ending Oct 31, 2027
Issuer First Trust PGIM
Reference index SPY SPY
Buffer 2% to 15% 100%
Outcome period Oct 19, 2026 to Jan 15, 2027 Nov 1, 2026 to Oct 31, 2027
Days left 72 361
Starting cap +4.5% +8.3%
Can still gain 3.9% 7.4%
Fall before buffer 3.1% 0.9%
Protection left, index points 12.5% of 12.5% 100.0% of 100.0%
Index return this period +0.5% +1.5%
Fund return this period +0.4% +0.4%
State today Open Open
Expense ratio 0.85% 0.50%
Net assets, DHDG as of Nov 3, 2026 and PMNV as of Nov 4, 2026 $81m $5.6m

As of Nov 4, 2026. Source: ETFIQ.

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

They do not reset together. DHDG has 72 days of its period left and PMNV has 361, so the two are not the same bet on the same months.

Where each one stands today

DHDG resets first, on Jan 15, 2027, 72 days from now; PMNV runs to Oct 31, 2027, 361 days. DHDG can still gain 3.9% before its cap, PMNV 7.4%. A fall from here reaches DHDG’s buffer after 3.1% and PMNV’s after 0.9%. Both track SPY, so what separates them is where each is in its own period.

Alert

DHDG and PMNV flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
DHDG

From its price on Nov 4, 2026, the fund can gain about 3.9% more before it reaches its cap. The fund's price can fall 3.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 2.9% from today's level to the point where the buffer begins. Protection left, in index points: 12.5% of the 12.5% buffer still sits below today's SPY level. 72 days remained on Nov 4, 2026. On Jan 15, 2027 the period ends and a new cap is set.

PMNV

From its price on Nov 4, 2026, the fund can gain about 7.4% 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 number. In index terms, SPY can fall 1.4% 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. 361 days remained on Nov 4, 2026. On Oct 31, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, DHDG or PMNV?
From their prices on Nov 4, 2026, DHDG can gain about 3.9% before its cap and PMNV about 7.4%, so PMNV has more room left this period.
Which resets first, DHDG or PMNV?
DHDG ends its outcome period on Jan 15, 2027 and PMNV on Oct 31, 2027. A new cap is set the day after each.
Which is cheaper, DHDG or PMNV?
DHDG charges 0.85% a year and PMNV charges 0.50%, so PMNV is cheaper. Fees come from each fund's prospectus.
Other comparisons
DHDG vs PMFBDHDG vs DDTFDHDG vs NVBTDHDG vs DDTNPMNV vs DOCTPMNV vs FOCTPMNV vs DDFNPMNV vs NVBW
Where to next
State Street® SPDR® S&P 500® ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →DHDG on its own →PMNV on its own →PMNV dividend history →Method →Standards and sources →
Sources and dates
DHDG filings on SEC EDGAR ↗
First Trust page for DHDG ↗
PMNV filings on SEC EDGAR ↗
PGIM website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every number 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 number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, DHDG against PMNV, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/dhdg-vs-pmnv

Open data →

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