Data as of Nov 4, 2026.
AIOO vs SEPM: Cap, Buffer & Days Left
As of Nov 4, 2026 SEPM can fall 1.4% before its buffer engages and AIOO 0.3%, and AIOO resets 260 days sooner.
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Net assets on Nov 3, 2026: $67m for AllianzIM U.S. Equity Buffer100 Protection ETF - Jan and $38m for FT Vest U.S. Equity Max Buffer ETF - September.
AIOO: reference +0.5% since period start, fund +0.3%; buffer Floor; no cap; No cap. Data to Nov 4, 2026.
Data to Nov 4, 2026.SEPM: reference +0.7% since period start, fund +0.6%; buffer −0 to floor; cap +8.2%; Full floor. Data to Nov 4, 2026.
SEPM: reference +0.7% since period start, fund +0.6%; buffer −0 to floor; cap +8.2%; Full floor. Data to Nov 4, 2026.Pair scorecard
AIOO costs 0.21 points a year less; their one-year returns differ by 3.1 points; AIOO is 1.8 times larger.
Points (pts) are percentage points.
| Measure | AIOO | SEPM |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.3% | +6.4% |
| Drawdown | ||
| Index fall to the buffer | 0.5% | 0.7% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.64% | 0.85% |
| Net assets, as of Nov 3, 2026 | $67m | $38m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | AIOO | SEPM | AIOO | SEPM |
| 3 months | +0.1% | +1.3% | +0.5 pts | +1.6 pts |
| 6 months | +1.4% | +3.0% | −3.1 pts | −1.5 pts |
| 1 year | +3.3% | +6.4% | −10.2 pts | −7.2 pts |
| Since launchNot the same days: AIOO Jul 2025 · SEPM Sep 2024 | +5.9% | +13.3% | −18.3 pts | −21.3 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
AIOO has no cap. It takes 30% of whatever the index does, where SEPM takes all of the rise up to 8.2% and nothing above it.
They do not reset together. AIOO has 57 days of its period left and SEPM has 317, so the two are not the same bet on the same months.
Where each one stands today
AIOO resets first, on Dec 31, 2026, 57 days from now; SEPM runs to Sep 17, 2027, 317 days. A fall from here reaches AIOO’s buffer after 0.3% and SEPM’s after 1.4%. Both track SPY, so what separates them is where each is in its own period.
AIOO
This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 0.3% 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: 100.0% of the 100.0% buffer still sits below today's SPY level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and new terms are set.
SEPM
From its price on Nov 4, 2026, the fund can gain about 6.8% more before it reaches its cap. The fund's price can fall 1.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.7% from today's level to the point where the buffer begins. 317 days remained on Nov 4, 2026. On Sep 17, 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
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, AIOO against SEPM, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/aioo-vs-sepm
ETFIQ. (Nov 4, 2026). AIOO against SEPM. Retrieved from https://etfiq.com/compare/buffer/aioo-vs-sepm
[AIOO against SEPM (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/aioo-vs-sepm)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.