Data as of Nov 4, 2026.
OCTW vs PMOC: Cap, Buffer & Days Left
As of Nov 4, 2026 OCTW can fall 1.4% before its buffer engages and PMOC 1.2%.
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Net assets: $443m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer20 ETF - Oct, and $7.2m on Nov 4, 2026 for PGIM S&P 500 Max Buffer ETF - October.
OCTW: reference +0.5% since period start, fund +0.7%; buffer 0 to −20; cap +12.8%; Between buffer and cap. Data to Nov 4, 2026.
OCTW: reference +0.5% since period start, fund +0.7%; buffer 0 to −20; cap +12.8%; Between buffer and cap. Data to Nov 4, 2026.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 3.4 points; OCTW is far larger, $443m against $7.2m.
Points (pts) are percentage points.
| Measure | OCTW | PMOC |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.8% | +6.4% |
| Drawdown | ||
| Index fall to the buffer | 0.5% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.50% |
| Net assets, as of Nov 3, 2026 | $443m | $7.2m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | OCTW | PMOC | OCTW | PMOC |
| 3 months | +1.9% | +1.6% | +2.3 pts | +1.9 pts |
| 6 months | +4.6% | +3.3% | +0.1 pts | −1.2 pts |
| 1 year | +9.8% | +6.4% | −3.7 pts | −7.1 pts |
| 3 years | +34.4% | – | −42.0 pts | – |
| Since launchNot the same days: OCTW Oct 2020 · PMOC Oct 2025 | +69.2% | +6.5% | −58.3 pts | −8.2 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →
Side by side
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. OCTW 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
OCTW resets first, on Sep 30, 2027, 330 days from now; PMOC runs to Sep 30, 2027, 330 days. OCTW can still gain 11.3% before its cap, PMOC 7.5%. A fall from here reaches OCTW’s buffer after 1.4% and PMOC’s after 1.2%. Both track SPY, so what separates them is where each is in its own period.
OCTW
From its price on Nov 4, 2026, the fund can gain about 11.3% more before it reaches its cap. The fund's price can fall 1.4% 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: 20.0% of the 20.0% 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
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.
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ETFIQ, OCTW against PMOC, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/octw-vs-pmoc
ETFIQ. (Nov 4, 2026). OCTW against PMOC. Retrieved from https://etfiq.com/compare/buffer/octw-vs-pmoc
[OCTW against PMOC (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/octw-vs-pmoc)
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