OCTP vs PBAU
PGIM S&P 500 Buffer 12 ETF - October vs PGIM S&P 500 Buffer 20 ETF - August
Which is better, OCTP or PBAU?
OCTP has been ahead.
OCTP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | OCTP | PBAU |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $41M | $40M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 14 | 8 |
| YTD Return | +11.06%Best | +7.58% |
| 1Y Return | +14.12%Best | +9.92% |
| Volatility (annualized) | 6.6% | 4.7%Best |
| Max Drawdown | -12.0% | -8.9%Best |
| $10,000 over 2.4 years | $13,449Best | $12,799 |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | May 17, 2024 | May 10, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 17, 2024 to Oct 14, 2026 (2.4 years).
OCTP vs PBAU growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
OCTP vs PBAU Performance
PGIM S&P 500 Buffer 12 ETF - October (OCTP) is an ETF from PGIM Investments and PGIM S&P 500 Buffer 20 ETF - August (PBAU) is an ETF from PGIM Investments. Over the past year OCTP returned +14.12% while PBAU returned +9.92%. Year to date, OCTP is up 11.06% versus a gain of 7.58% for PBAU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OCTP has been the more volatile fund, with annualized monthly volatility of 6.6% compared with 4.7% for PBAU. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.0% for OCTP and -8.9% for PBAU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
OCTP charges 0.50% per year while PBAU charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, OCTP currently yields 0.00% against 0.00% for PBAU.
You are not choosing between two funds in isolation.
Whichever of OCTP and PBAU you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, OCTP or PBAU?
OCTP has an expense ratio of 0.50% while PBAU charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, OCTP or PBAU?
Over the past year OCTP returned +14.12% vs +9.92% for PBAU, so OCTP leads on 1-year performance. Over the longest common window we track (2 years), OCTP annualized +13.14% vs +10.83% for PBAU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OCTP or PBAU?
OCTP has been the more volatile fund at 6.6% annualized versus 4.7% for PBAU. Worst drawdown: OCTP -12.0% vs PBAU -8.9%.
Should I hold both OCTP and PBAU?
OCTP and PBAU have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, OCTP or PBAU?
OCTP yields 0.00% while PBAU yields 0.00%, so PBAU currently pays the higher dividend yield.
Is PBAU better than OCTP?
OCTP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.