Which has more room to gain, PQV or PQXX?

From their prices on Nov 4, 2026, PQV can gain about 4.1% before its cap and PQXX about 1.9%, so PQV has more room left this period.

Which resets first, PQV or PQXX?

PQV ends its outcome period on Dec 31, 2026 and PQXX on Dec 31, 2026. A new cap is set the day after each.

Which is cheaper, PQV or PQXX?

PQV and PQXX 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

PQV vs PQXX: Cap, Buffer & Days Left

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As of Nov 4, 2026 PQV can fall 0.9% before its buffer engages and PQXX 0.6%.

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Net assets on Nov 4, 2026: $2.3m for PGIM S&P 500 Quarterly Buffer 5 ETF and $3.6m for PGIM S&P 500 Quarterly Buffer 20 ETF.

PQV on its own →PQXX on its own →

At a glance

0.9%

PQV can fall this far before its buffer

0.6%

PQXX can fall this far before its buffer

4.1%

PQV can still gain

1.9%

PQXX can still gain

PQV Between buffer and cap

PQV: reference +0.6% since period start, fund +0.8%; buffer 0 to −5; cap +5.1%; Between buffer and cap. Data to Nov 4, 2026.

PQXX Between buffer and cap

PQXX: reference +0.6% since period start, fund +0.5%; buffer 0 to −20; cap +2.5%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.50% a year; PQXX is 1.6 times larger.

Points (pts) are percentage points.

PQV vs PQXX: Cap, Buffer & Days Left
Measure	PQV	PQXX
Drawdown
Measure	PQV	PQXX
Index fall to the buffer	0.5%
Benchmark
Measure	PQV	PQXX
What it tracks	SPY	SPY
Cost and size
Measure	PQV	PQXX
Expense ratio	0.50%	0.50%
Net assets	$2.3m	$3.6m
Holdings
Measure	PQV	PQXX
Holdings in common	not published

ETFIQ Downside Cover Score · PQXX scores higher If the market falls into a bear market from here, how much does the buffer absorb?

IQ Buffer Score4.1PQV98.8PQXX

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

PQV 4.1

PQXX 98.8

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: PQV vs PQXX: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	PQV	PQXX	PQV	PQXX
3 months	+0.6%	+1.4%	+0.9 pts	+1.7 pts
Since launchPQV Jul 2026 · PQXX Jul 2026	+2.8%	+2.4%	0.0 pts	−0.4 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

PQV PGIM S&P 500 Quarterly Buffer 5 ETF · Absorbs the first 5% of loss on SPY and caps the gain at 5.1%, over a period ending Dec 31, 2026 PQXX PGIM S&P 500 Quarterly Buffer 20 ETF · Absorbs the first 20% of loss on SPY and caps the gain at 2.5%, over a period ending Dec 31, 2026

Issuer PGIM PGIM

Reference index SPY SPY

Buffer 5% 20%

Outcome period Oct 1, 2026 to Dec 31, 2026 Oct 1, 2026 to Dec 31, 2026

Days left 57 57

Starting cap +5.1% +2.5%

Can still gain 4.1% 1.9%

Fall before buffer 0.9% 0.6%

Protection left, index points 5.0% of 5.0% 20.0% of 20.0%

Index return this period +0.6% +0.6%

Fund return this period +0.8% +0.5%

State today Open Open

Expense ratio 0.50% 0.50%

Net assets $2.3m $3.6m

As of Nov 4, 2026. Source: ETFIQ.

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

Where each one stands today

PQV resets first, on Dec 31, 2026, 57 days from now; PQXX runs to Dec 31, 2026, 57 days. PQV can still gain 4.1% before its cap, PQXX 1.9%. A fall from here reaches PQV’s buffer after 0.9% and PQXX’s after 0.6%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

PQV

From its price on Nov 4, 2026, the fund can gain about 4.1% more before it reaches its cap. The fund's price can fall 0.9% 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: 5.0% of the 5.0% 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.

PQXX

From its price on Nov 4, 2026, the fund can gain about 1.9% more before it reaches its cap. The fund's price can fall 0.6% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, PQV or PQXX?: From their prices on Nov 4, 2026, PQV can gain about 4.1% before its cap and PQXX about 1.9%, so PQV has more room left this period.
Which resets first, PQV or PQXX?: PQV ends its outcome period on Dec 31, 2026 and PQXX on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, PQV or PQXX?: PQV and PQXX both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

PQV vs PQXV PQV vs FLAO PQV vs PQX PQV vs TOCT PQXX vs DDTO PQXX vs CPST PQXX vs AJAN PQXX vs CPSD

Where to next

SPDR S&P 500 ETF Trust →PQV on its own →PQXX on its own →Method →Standards and sources →

Sources and dates

PQV and PQXX filings on SEC EDGAR ↗

PGIM website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, PQV against PQXX, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pqv-vs-pqxx

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