Data as of Nov 4, 2026.

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Buffer ETFs

PQXV vs XBOC: Cap, Buffer & Days Left

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As of Nov 4, 2026 XBOC can fall 0.9% before its buffer engages and PQXV 0.7%, and PQXV resets 273 days sooner.

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Net assets on Nov 4, 2026: $3.8m for PGIM S&P 500 Quarterly Buffer 15 ETF and $60m for Innovator U.S. Equity Accelerated 9 Buffer ETF - Oct.

At a glance
0.7%
PQXV can fall this far before its buffer
0.9%
XBOC can fall this far before its buffer
2.1%
PQXV can still gain
12.7%
XBOC can still gain
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.
XBOC Between buffer and cap
Between buffer and capXBOC: reference +0.5% since period start, fund +0.8%; buffer 0 to −9; cap +13.7%; Between buffer and cap. Data to Nov 4, 2026.9 pts of buffer+13.2% more to the cap−9.0% floor0% period start+13.7% cap+0.5% gain capturedTODAY · SPY +0.5%Between buffer and capXBOC: reference +0.5% since period start, fund +0.8%; buffer 0 to −9; cap +13.7%; Between buffer and cap. Data to Nov 4, 2026.9 pts+13.2% to cap−9.0% floor0% start+13.7% cap+0.5% gain capturedTODAY · SPY +0.5%

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.

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

PQXV costs 0.29 points a year less; XBOC is 15.8 times larger.

Points (pts) are percentage points.

PQXV vs XBOC: Cap, Buffer & Days Left
MeasurePQXVXBOC
Return
Total return, 1 yearnot published+11.4%
Drawdown
Index fall to the buffer0.5%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.50%0.79%
Net assets$3.8m$60m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: PQXV vs XBOC: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowPQXVXBOCPQXVXBOC
3 months+1.2%+1.8%+1.6 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: PQXV Jul 2026 · XBOC Oct 2021+2.5%+51.6%−0.3 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

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 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
Reference index SPY SPY
Buffer 15% 9%
Outcome period Oct 1, 2026 to Dec 31, 2026 Sep 30, 2026 to Sep 30, 2027
Days left 57 330
Starting cap +2.8% +13.7%
Can still gain 2.1% 12.7%
Fall before buffer 0.7% 0.9%
Protection left, index points 15.0% of 15.0% 9.0% of 9.0%
Index return this period +0.6% +0.5%
Fund return this period +0.6% +0.8%
State today Open Open
Expense ratio 0.50% 0.79%
Net assets $3.8m $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. 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 XBOC has 330, so the two are not the same bet on the same months.

Where each one stands today

PQXV resets first, on Dec 31, 2026, 57 days from now; XBOC runs to Sep 30, 2027, 330 days. PQXV can still gain 2.1% before its cap, XBOC 12.7%. A fall from here reaches PQXV’s buffer after 0.7% and XBOC’s after 0.9%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
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. In index terms, SPY can fall 0.5% from today's level to the point where the buffer begins. 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.

XBOC

From its price on Nov 4, 2026, the fund can gain about 12.7% 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. 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, PQXV or XBOC?
From their prices on Nov 4, 2026, PQXV can gain about 2.1% before its cap and XBOC about 12.7%, so XBOC has more room left this period.
Which resets first, PQXV or XBOC?
PQXV 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, PQXV or XBOC?
PQXV charges 0.50% a year and XBOC charges 0.79%, so PQXV 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, PQXV against XBOC, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pqxv-vs-xboc

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