Data as of Nov 4, 2026.
PQV vs UOCT: Cap, Buffer & Days Left
As of Nov 4, 2026 UOCT can fall 5.7% before its buffer engages and PQV 0.9%, and PQV resets 273 days sooner.
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Net assets on Nov 4, 2026: $2.3m for PGIM S&P 500 Quarterly Buffer 5 ETF and $271m for Innovator U.S. Equity Ultra Buffer ETF - Oct.
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.
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.UOCT: reference +0.5% since period start, fund +0.7%; buffer −5 to −35; cap +15.3%; Between buffer and cap. Data to Nov 4, 2026.
UOCT: reference +0.5% since period start, fund +0.7%; buffer −5 to −35; cap +15.3%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
PQV costs 0.29 points a year less; UOCT is far larger, $271m against $2.3m.
Points (pts) are percentage points.
| Measure | PQV | UOCT |
|---|---|---|
| Return | ||
| Total return, 1 year | not published | +10.3% |
| Drawdown | ||
| Index fall to the buffer | 0.5% | 5.5% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.50% | 0.79% |
| Net assets | $2.3m | $271m |
| Holdings | ||
| Holdings in common | not published | |
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
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 →
Risk and return
Jul 10, 2026 to Oct 30, 2026 · 16 weekly returnsFrom Jul 2026 to Oct 2026, UOCT returned more: +2.2% to +0.9%. UOCT fell slightly less at its worst: −1.5% to −1.5%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | PQV | UOCT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +0.9% | +2.2% | UOCT | Price change plus distributions, reinvested. |
| Price return | +0.9% | +2.2% | UOCT | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −1.5% | −1.5% | UOCT (slight) | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 16 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | PQV | UOCT | PQV | UOCT |
| 3 months | +0.6% | +1.9% | +0.9 pts | +2.3 pts |
| 6 months | – | +5.1% | – | +0.6 pts |
| 1 year | – | +10.3% | – | −3.3 pts |
| 3 years | – | +37.9% | – | −38.5 pts |
| Since launchNot the same days: PQV Jul 2026 · UOCT Oct 2018 | +2.8% | +77.5% | 0.0 pts | −85.4 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.
They do not reset together. PQV has 57 days of its period left and UOCT has 330, so the two are not the same bet on the same months.
Where each one stands today
PQV resets first, on Dec 31, 2026, 57 days from now; UOCT runs to Sep 30, 2027, 330 days. PQV can still gain 4.1% before its cap, UOCT 14.4%. A fall from here reaches PQV’s buffer after 0.9% and UOCT’s after 5.7%. Both track SPY, so what separates them is where each is in its own period.
No client brief for this pair: ETFIQ prints no one-year total return for PQV.
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.
UOCT
From its price on Nov 4, 2026, the fund can gain about 14.4% more before it reaches its cap. The fund's price can fall 5.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 5.5% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% 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.
Questions people ask
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, PQV against UOCT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pqv-vs-uoct
ETFIQ. (Nov 4, 2026). PQV against UOCT. Retrieved from https://etfiq.com/compare/buffer/pqv-vs-uoct
[PQV against UOCT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/pqv-vs-uoct)
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