Data as of Nov 4, 2026.

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Buffer ETFs

PQOC vs QBUF: Cap, Buffer & Days Left

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As of Nov 4, 2026 PQOC can fall 0.0% before its buffer engages and QBUF 0.0%, and QBUF resets 273 days sooner.

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Net assets on Nov 4, 2026: $29m for PGIM Nasdaq-100 Buffer 12 ETF - October and $199m for Innovator Nasdaq-100 10 Buffer ETF - Quarterly.

At a glance
0.0%
PQOC can fall this far before its buffer
0.0%
QBUF can fall this far before its buffer
25.4%
PQOC can still gain
6.7%
QBUF can still gain
PQOC Buffer working
Buffer workingPQOC: reference −6.5% since period start, fund −3.6%; buffer 0 to −12; cap +21.4%; Buffer working. Data to Nov 4, 2026.5.5 pts+21.4% more to the cap−12.0% floor0% period start+21.4% capTODAY · QQQ −6.5%Buffer workingPQOC: reference −6.5% since period start, fund −3.6%; buffer 0 to −12; cap +21.4%; Buffer working. Data to Nov 4, 2026.+21.4% to cap−12.0% floor0% start+21.4% cap5.5 of 12 pts of buffer leftTODAY · QQQ −6.5%

PQOC: reference −6.5% since period start, fund −3.6%; buffer 0 to −12; cap +21.4%; Buffer working. Data to Nov 4, 2026.

PQOC: reference −6.5% since period start, fund −3.6%; buffer 0 to −12; cap +21.4%; Buffer working. Data to Nov 4, 2026.
QBUF Buffer working
Buffer workingQBUF: reference −6.5% since period start, fund −1.9%; buffer 0 to −10; cap +4.7%; Buffer working. Data to Nov 4, 2026.3.5 pts−10.0% floor0% period start+4.7% cap+4.7% more to the capTODAY · QQQ −6.5%Buffer workingQBUF: reference −6.5% since period start, fund −1.9%; buffer 0 to −10; cap +4.7%; Buffer working. Data to Nov 4, 2026.−10.0% floor0% start+4.7% cap3.5 of 10 pts of buffer left+4.7% more to the capTODAY · QQQ −6.5%

QBUF: reference −6.5% since period start, fund −1.9%; buffer 0 to −10; cap +4.7%; Buffer working. Data to Nov 4, 2026.

QBUF: reference −6.5% since period start, fund −1.9%; buffer 0 to −10; cap +4.7%; Buffer working. Data to Nov 4, 2026.

Pair scorecard

PQOC costs 0.29 points a year less; their one-year returns differ by 6.3 points; QBUF is 6.9 times larger.

Points (pts) are percentage points.

PQOC vs QBUF: Cap, Buffer & Days Left
MeasurePQOCQBUF
Return
Total return, 1 year+10.3%+4.0%
Benchmark
What it tracksQQQQQQ
Cost and size
Expense ratio0.50%0.79%
Net assets$29m$199m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PQOC scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score5.7PQOC2.6QBUF

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it →

Method

Window by window

Window by window: PQOC vs QBUF: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowPQOCQBUFPQOCQBUF
3 months−1.1%−1.8%+2.4 pts+1.8 pts
6 months+2.1%−0.8%+2.7 pts−0.2 pts
1 year+10.3%+4.0%−1.5 pts−7.7 pts
Since launchNot the same days: PQOC Jan 2025 · QBUF Jul 2024+25.1%+21.4%−10.5 pts−22.2 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

PQOC PGIM Nasdaq-100 Buffer 12 ETF - October · Absorbs the first 12% of loss on QQQ and caps the gain at 21.4%, over a period ending Sep 30, 2027 QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly · Absorbs the first 10% of loss on QQQ and caps the gain at 4.7%, over a period ending Dec 31, 2026
Reference index QQQ QQQ
Buffer 12% 10%
Outcome period Oct 1, 2026 to Sep 30, 2027 Sep 30, 2026 to Dec 31, 2026
Days left 330 57
Starting cap +21.4% +4.7%
Can still gain 25.4% 6.7%
Fall before buffer 0.0% 0.0%
Protection left, index points 5.5% of 12.0% 3.5% of 10.0%
Index return this period −6.5% −6.5%
Fund return this period −3.6% −1.9%
State today Buffer working Buffer working
Expense ratio 0.50% 0.79%
Net assets $29m $199m

As of Nov 4, 2026. Source: ETFIQ.

They do not reset together. QBUF has 57 days of its period left and PQOC has 330, so the two are not the same bet on the same months.

Where each one stands today

QBUF resets first, on Dec 31, 2026, 57 days from now; PQOC runs to Sep 30, 2027, 330 days. PQOC can still gain 25.4% before its cap, QBUF 6.7%. A fall from here reaches PQOC’s buffer after 0.0% and QBUF’s after 0.0%. Both track QQQ, so what separates them is where each is in its own period.

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About each fund
PQOC

From its price on Nov 4, 2026, the fund can gain about 25.4% more before it reaches its cap. Protection left, in index points: 5.5% of the 12.0% buffer still sits below today's QQQ level. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and a new cap is set.

QBUF

From its price on Nov 4, 2026, the fund can gain about 6.7% more before it reaches its cap. Protection left, in index points: 3.5% of the 10.0% buffer still sits below today's QQQ 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, PQOC or QBUF?
From their prices on Nov 4, 2026, PQOC can gain about 25.4% before its cap and QBUF about 6.7%, so PQOC has more room left this period.
Which resets first, PQOC or QBUF?
PQOC ends its outcome period on Sep 30, 2027 and QBUF on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, PQOC or QBUF?
PQOC charges 0.50% a year and QBUF charges 0.79%, so PQOC 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

It is a place in a set, not a rating or a recommendation.

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, PQOC against QBUF, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pqoc-vs-qbuf

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