Data as of . Every figure is the buffer desk's own, on published data.
BOCT vs BSEP
Innovator U.S. Equity Buffer ETF - Oct and Innovator U.S. Equity Buffer ETF - Sep, side by side on the buffer desk.
Open the live comparison on ETFIQ| BOCT Innovator U.S. Equity Buffer ETF - Oct | BSEP Innovator U.S. Equity Buffer ETF - Sep | |
|---|---|---|
| Issuer | Innovator | Innovator |
| Reference index | SPY | SPY |
| Buffer | ||
| Outcome period | Sep 30, 2025 to Sep 30, 2026 | Aug 31, 2026 to Aug 31, 2027 |
| Days left | 26 | 361 |
| Starting cap | +15.4% | +19.8% |
| Can still gain | 1.2% | 19.4% |
| Fall before buffer | 12.3% | 0.3% |
| Protection left, index points | 9.0% of 9.0% | 9.0% of 9.0% |
| Index return this period | +15.6% | +0.4% |
| Fund return this period | +13.1% | +0.3% |
| State today | At cap | Open |
| Expense ratio | 0.79% | 0.79% |
BOCT in plain words
SPY had already risen past this fund's cap of +15.4% for the period on Sep 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 1.2% as the period runs out. The fund's price can fall 12.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 13.5% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 26 days remained on Sep 4, 2026. On Sep 30, 2026 the period ends and a new cap is set.
BSEP in plain words
From its price on Sep 4, 2026, the fund can gain about 19.4% more before it reaches its cap. The fund's price can fall 0.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.4% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 361 days remained on Sep 4, 2026. On Aug 31, 2027 the period ends and a new cap is set.
Questions people ask
- Which has more room to gain, BOCT or BSEP?
- From their prices on Sep 4, 2026, BOCT can gain about 1.2% before its cap and BSEP about 19.4%, so BSEP has more room left this period.
- Which resets first, BOCT or BSEP?
- BOCT ends its outcome period on Sep 30, 2026 and BSEP on Aug 31, 2027. A new cap is set the day after each.
- Which is cheaper, BOCT or BSEP?
- BOCT charges 0.79% a year and BSEP charges 0.79%, so BOCT is cheaper. Fees come from each fund's prospectus.
Other comparisons
Cite this page. ETFIQ, BOCT against BSEP, data as of Sep 4, 2026. https://etfiq.com/compare/buffer/BOCT-BSEP.html Free to use with attribution; the underlying files are at Open data.
ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources