Data as of Nov 4, 2026.

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Buffer ETFs

PMOC vs PQXV: Cap, Buffer & Days Left

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As of Nov 4, 2026 PMOC can fall 1.2% before its buffer engages and PQXV 0.7%, and PQXV resets 273 days sooner.

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Net assets on Nov 4, 2026: $7.2m for PGIM S&P 500 Max Buffer ETF - October and $3.8m for PGIM S&P 500 Quarterly Buffer 15 ETF.

At a glance
1.2%
PMOC can fall this far before its buffer
0.7%
PQXV can fall this far before its buffer
7.5%
PMOC can still gain
2.1%
PQXV can still gain
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.
PQXV Between buffer and cap
Between buffer and capPQXV: reference +0.6% since period start, fund +0.6%; buffer 0 to −15; cap +2.8%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer−15.0% floor0% period start+2.8% cap+0.6% gain captured+2.3% more to the capTODAY · SPY +0.6%Between buffer and capPQXV: reference +0.6% since period start, fund +0.6%; buffer 0 to −15; cap +2.8%; Between buffer and cap. Data to Nov 4, 2026.15 pts−15.0% floor0% start+2.8% cap+0.6% gain captured+2.3% more to the capTODAY · SPY +0.6%

PQXV: reference +0.6% since period start, fund +0.6%; buffer 0 to −15; cap +2.8%; Between buffer and cap. Data to Nov 4, 2026.

PQXV: reference +0.6% since period start, fund +0.6%; buffer 0 to −15; cap +2.8%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.50% a year; PMOC is 1.9 times larger.

Points (pts) are percentage points.

PMOC vs PQXV: Cap, Buffer & Days Left
MeasurePMOCPQXV
Return
Total return, 1 year+6.4%not published
Drawdown
Index fall to the buffer0.5%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.50%0.50%
Net assets$7.2m$3.8m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: PMOC vs PQXV: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowPMOCPQXVPMOCPQXV
3 months+1.6%+1.2%+1.9 pts+1.6 pts
6 months+3.3%–−1.2 pts–
1 year+6.4%–−7.1 pts–
Since launchNot the same days: PMOC Oct 2025 · PQXV Jul 2026+6.5%+2.5%−8.2 pts−0.3 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

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 PQXV PGIM S&P 500 Quarterly Buffer 15 ETF · Absorbs the first 15% of loss on SPY and caps the gain at 2.8%, over a period ending Dec 31, 2026
Issuer PGIM PGIM
Reference index SPY SPY
Buffer 100% 15%
Outcome period Oct 1, 2026 to Sep 30, 2027 Oct 1, 2026 to Dec 31, 2026
Days left 330 57
Starting cap +8.7% +2.8%
Can still gain 7.5% 2.1%
Fall before buffer 1.2% 0.7%
Protection left, index points 100.0% of 100.0% 15.0% of 15.0%
Index return this period +0.6% +0.6%
Fund return this period +0.7% +0.6%
State today Open Open
Expense ratio 0.50% 0.50%
Net assets $7.2m $3.8m

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. PQXV 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. PQXV has 57 days of its period left and PMOC has 330, so the two are not the same bet on the same months.

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

Where each one stands today

PQXV resets first, on Dec 31, 2026, 57 days from now; PMOC runs to Sep 30, 2027, 330 days. PMOC can still gain 7.5% before its cap, PQXV 2.1%. A fall from here reaches PMOC’s buffer after 1.2% and PQXV’s after 0.7%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
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. In index terms, SPY can fall 0.5% 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. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and a new cap is set.

PQXV

From its price on Nov 4, 2026, the fund can gain about 2.1% 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 number. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, PMOC or PQXV?
From their prices on Nov 4, 2026, PMOC can gain about 7.5% before its cap and PQXV about 2.1%, so PMOC has more room left this period.
Which resets first, PMOC or PQXV?
PMOC ends its outcome period on Sep 30, 2027 and PQXV on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, PMOC or PQXV?
PMOC and PQXV both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.
Other comparisons
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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.

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

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