Which has more room to gain, PQV or XBOC?

From their prices on Nov 4, 2026, PQV can gain about 4.1% before its cap and XBOC about 12.7%, so XBOC has more room left this period.

Which resets first, PQV or XBOC?

PQV ends its outcome period on Dec 31, 2026 and XBOC on Sep 30, 2027. A new cap is set the day after each.

Which is cheaper, PQV or XBOC?

PQV charges 0.50% a year and XBOC charges 0.79%, so PQV is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

PQV vs XBOC: Cap, Buffer & Days Left

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As of Nov 4, 2026 PQV can fall 0.9% before its buffer engages and XBOC 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 $60m for Innovator U.S. Equity Accelerated 9 Buffer ETF - Oct.

PQV on its own →XBOC on its own →

At a glance

0.9%

PQV can fall this far before its buffer

0.9%

XBOC can fall this far before its buffer

4.1%

PQV can still gain

12.7%

XBOC 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.

XBOC Between buffer and cap

XBOC: reference +0.5% since period start, fund +0.8%; buffer 0 to −9; cap +13.7%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

PQV costs 0.29 points a year less; XBOC is far larger, $60m against $2.3m.

Points (pts) are percentage points.

PQV vs XBOC: Cap, Buffer & Days Left
Measure	PQV	XBOC
Return
Measure	PQV	XBOC
Total return, 1 year	not published	+11.4%
Drawdown
Measure	PQV	XBOC
Index fall to the buffer	0.5%
Benchmark
Measure	PQV	XBOC
What it tracks	SPY	SPY
Cost and size
Measure	PQV	XBOC
Expense ratio	0.50%	0.79%
Net assets	$2.3m	$60m
Holdings
Measure	PQV	XBOC
Holdings in common	not published

Method

Window by window

Window by window: PQV vs XBOC: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	PQV	XBOC	PQV	XBOC
3 months	+0.6%	+1.8%	+0.9 pts	+2.2 pts
6 months	–	+4.9%	–	+0.4 pts
1 year	–	+11.4%	–	−2.1 pts
3 years	–	+37.8%	–	−38.6 pts
Since launchNot the same days: PQV Jul 2026 · XBOC Oct 2021	+2.8%	+51.6%	0.0 pts	−25.0 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

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 XBOC Innovator U.S. Equity Accelerated 9 Buffer ETF - Oct · Absorbs the first 9% of loss on SPY and caps the gain at 13.7%, over a period ending Sep 30, 2027

Issuer PGIM Innovator

Reference index SPY SPY

Buffer 5% 9%

Outcome period Oct 1, 2026 to Dec 31, 2026 Sep 30, 2026 to Sep 30, 2027

Days left 57 330

Starting cap +5.1% +13.7%

Can still gain 4.1% 12.7%

Fall before buffer 0.9% 0.9%

Protection left, index points 5.0% of 5.0% 9.0% of 9.0%

Index return this period +0.6% +0.5%

Fund return this period +0.8% +0.8%

State today Open Open

Expense ratio 0.50% 0.79%

Net assets $2.3m $60m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. XBOC is a floor fund, which caps how far a holder can fall. PQV 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. PQV has 57 days of its period left and XBOC 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; XBOC runs to Sep 30, 2027, 330 days. PQV can still gain 4.1% before its cap, XBOC 12.7%. A fall from here reaches PQV’s buffer after 0.9% and XBOC’s after 0.9%. 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.

XBOC

From its price on Nov 4, 2026, the fund can gain about 12.7% more before it reaches its cap. Protection left, in index points: 9.0% of the 9.0% 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

Which has more room to gain, PQV or XBOC?: From their prices on Nov 4, 2026, PQV can gain about 4.1% before its cap and XBOC about 12.7%, so XBOC has more room left this period.
Which resets first, PQV or XBOC?: PQV ends its outcome period on Dec 31, 2026 and XBOC on Sep 30, 2027. A new cap is set the day after each.
Which is cheaper, PQV or XBOC?: PQV charges 0.50% a year and XBOC charges 0.79%, so PQV is cheaper. Fees come from each fund's prospectus.

Other comparisons

PQV vs JANP PQV vs JANT PQV vs SQMX PQV vs AIOO XBOC vs AIOO XBOC vs AOCT XBOC vs BOCT XBOC vs XSEP

Where to next

SPDR S&P 500 ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →PQV on its own →XBOC on its own →Method →Standards and sources →

Sources and dates

PQV filings on SEC EDGAR ↗

PGIM website ↗

XBOC filings on SEC EDGAR ↗

Innovator page for XBOC ↗

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.

Cite this pageCitation, APA and Markdown

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

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