Which has more room to gain, OCTP or PMOC?

From their prices on Nov 4, 2026, OCTP can gain about 15.1% before its cap and PMOC about 7.5%, so OCTP has more room left this period.

Which resets first, OCTP or PMOC?

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

Which is cheaper, OCTP or PMOC?

OCTP and PMOC both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

OCTP vs PMOC: Cap, Buffer & Days Left

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As of Nov 4, 2026 PMOC can fall 1.2% before its buffer engages and OCTP 1.1%.

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Net assets on Nov 4, 2026: $52m for PGIM S&P 500 Buffer 12 ETF - October and $7.2m for PGIM S&P 500 Max Buffer ETF - October.

OCTP on its own →PMOC on its own →

At a glance

1.1%

OCTP can fall this far before its buffer

1.2%

PMOC can fall this far before its buffer

15.1%

OCTP can still gain

7.5%

PMOC can still gain

OCTP Between buffer and cap

OCTP: reference +0.6% since period start, fund +0.6%; buffer 0 to −12; cap +16.3%; Between buffer and cap. Data to Nov 4, 2026.

PMOC Full floor

PMOC: reference +0.6% since period start, fund +0.7%; buffer Floor; cap +8.7%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.50% a year; their one-year returns differ by 6.6 points; OCTP is 7.2 times larger.

Points (pts) are percentage points.

OCTP vs PMOC: Cap, Buffer & Days Left
Measure	OCTP	PMOC
Return
Measure	OCTP	PMOC
Total return, 1 year	+13.0%	+6.4%
Drawdown
Measure	OCTP	PMOC
Index fall to the buffer	0.5%
Benchmark
Measure	OCTP	PMOC
What it tracks	SPY	SPY
Cost and size
Measure	OCTP	PMOC
Expense ratio	0.50%	0.50%
Net assets	$52m	$7.2m
Holdings
Measure	OCTP	PMOC
Holdings in common	not published

Method

Window by window

Window by window: OCTP vs PMOC: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	OCTP	PMOC	OCTP	PMOC
3 months	+2.4%	+1.6%	+2.8 pts	+1.9 pts
6 months	+6.2%	+3.3%	+1.7 pts	−1.2 pts
1 year	+13.0%	+6.4%	−0.6 pts	−7.1 pts
Since launchNot the same days: OCTP May 2024 · PMOC Oct 2025	+34.7%	+6.5%	−10.1 pts	−8.2 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

OCTP PGIM S&P 500 Buffer 12 ETF - October · Absorbs the first 12% of loss on SPY and caps the gain at 16.3%, over a period ending Sep 30, 2027 PMOC PGIM S&P 500 Max Buffer ETF - October · Absorbs the whole loss on SPY and caps the gain at 8.7%, over a period ending Sep 30, 2027

Issuer PGIM PGIM

Reference index SPY SPY

Buffer 12% 100%

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

Days left 330 330

Starting cap +16.3% +8.7%

Can still gain 15.1% 7.5%

Fall before buffer 1.1% 1.2%

Protection left, index points 12.0% of 12.0% 100.0% of 100.0%

Index return this period +0.6% +0.6%

Fund return this period +0.6% +0.7%

State today Open Open

Expense ratio 0.50% 0.50%

Net assets $52m $7.2m

As of Nov 4, 2026. Source: ETFIQ.

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

Both are PGIM funds, so the difference between them is the terms rather than the house.

Where each one stands today

OCTP resets first, on Sep 30, 2027, 330 days from now; PMOC runs to Sep 30, 2027, 330 days. OCTP can still gain 15.1% before its cap, PMOC 7.5%. A fall from here reaches OCTP’s buffer after 1.1% and PMOC’s after 1.2%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

OCTP

From its price on Nov 4, 2026, the fund can gain about 15.1% more before it reaches its cap. The fund's price can fall 1.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.5% from today's level to the point where the buffer begins. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and a new cap is set.

PMOC

From its price on Nov 4, 2026, the fund can gain about 7.5% more before it reaches its cap. The fund's price can fall 1.2% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, OCTP or PMOC?: From their prices on Nov 4, 2026, OCTP can gain about 15.1% before its cap and PMOC about 7.5%, so OCTP has more room left this period.
Which resets first, OCTP or PMOC?: OCTP ends its outcome period on Sep 30, 2027 and PMOC on Sep 30, 2027. A new cap is set the day after each.
Which is cheaper, OCTP or PMOC?: OCTP and PMOC both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

OCTP vs PQX OCTP vs PQXV OCTP vs TOCT OCTP vs PQXX PMOC vs XBOC PMOC vs CPST PMOC vs SEPM PMOC vs CPSO

Where to next

SPDR S&P 500 ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →OCTP on its own →PMOC on its own →Method →Standards and sources →

Sources and dates

OCTP and PMOC 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, OCTP against PMOC, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/octp-vs-pmoc

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