Data as of Nov 4, 2026.

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Buffer ETFs

OCTU 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 OCTU 1.0%.

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Net assets: $60m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Oct, and $7.2m on Nov 4, 2026 for PGIM S&P 500 Max Buffer ETF - October.

At a glance
1.0%
OCTU can fall this far before its buffer
1.2%
PMOC can fall this far before its buffer
uncapped
OCTU can still gain
7.5%
PMOC can still gain
OCTU No cap
No capOCTU: reference +0.5% since period start, fund +0.3%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts of buffer−15.0% floor0% period startno cap+0.5% gained, no capTODAY · SPY +0.5%No capOCTU: reference +0.5% since period start, fund +0.3%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts−15.0% floor0% startno cap+0.5% gained, no capTODAY · SPY +0.5%

OCTU: reference +0.5% since period start, fund +0.3%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

OCTU: reference +0.5% since period start, fund +0.3%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.
PMOC Full floor
Full floorPMOC: reference +0.6% since period start, fund +0.7%; buffer Floor; cap +8.7%; Full floor. Data to Nov 4, 2026.full floor beneath+8.1% to capfull floor0% period start+8.7% cap+0.6% gain capturedTODAY · SPY +0.6%Full floorPMOC: reference +0.6% since period start, fund +0.7%; buffer Floor; cap +8.7%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+8.7% cap+0.6% gain captured+8.1% more to the capTODAY · SPY +0.6%

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

PMOC costs 0.24 points a year less; their one-year returns differ by 2.7 points; OCTU is 8.3 times larger.

Points (pts) are percentage points.

OCTU vs PMOC: Cap, Buffer & Days Left
MeasureOCTUPMOC
Return
Total return, 1 year+9.1%+6.4%
Drawdown
Index fall to the buffer0.5%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.50%
Net assets, as of Nov 3, 2026$60m$7.2m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: OCTU vs PMOC: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowOCTUPMOCOCTUPMOC
3 months−1.1%+1.6%−0.7 pts+1.9 pts
6 months+2.8%+3.3%−1.7 pts−1.2 pts
1 year+9.1%+6.4%−4.5 pts−7.1 pts
Since launchNot the same days: OCTU Oct 2024 · PMOC Oct 2025+24.2%+6.5%−10.7 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

OCTU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Oct · Absorbs the first 15% of loss on SPY and does not cap the gain, 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
Reference index SPY SPY
Buffer 15% 100%
Outcome period Oct 1, 2026 to Sep 30, 2027 Oct 1, 2026 to Sep 30, 2027
Days left 330 330
Starting cap uncapped +8.7%
Can still gain uncapped 7.5%
Fall before buffer 1.0% 1.2%
Protection left, index points 15.0% of 15.0% 100.0% of 100.0%
Index return this period +0.5% +0.6%
Fund return this period +0.3% +0.7%
State today Uncapped Open
Expense ratio 0.74% 0.50%
Net assets, OCTU as of Nov 3, 2026 and PMOC as of Nov 4, 2026 $60m $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. OCTU is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Where each one stands today

OCTU resets first, on Sep 30, 2027, 330 days from now; PMOC runs to Sep 30, 2027, 330 days. A fall from here reaches OCTU’s buffer after 1.0% and PMOC’s after 1.2%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
OCTU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 1.0% 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: 15.0% of the 15.0% buffer still sits below today's SPY level. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and new terms are 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. On Sep 30, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, OCTU or PMOC?
OCTU ends its outcome period on Sep 30, 2027 and PMOC on Sep 30, 2027. New terms are set the day after each.
Which is cheaper, OCTU or PMOC?
OCTU charges 0.74% a year and PMOC charges 0.50%, so PMOC is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
Sources and dates

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

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