Which has more room to gain, APOC or APRT?

From their prices on Oct 1, 2026, APOC can gain about 4.3% before its cap and APRT about 5.4%, so APRT has more room left this period.

Which resets first, APOC or APRT?

APOC ends its outcome period on Mar 31, 2027 and APRT on Mar 31, 2027. A new cap is set the day after each.

Which is cheaper, APOC or APRT?

APOC charges 0.79% a year and APRT charges 0.74%, so APRT is cheaper. Fees come from each fund's prospectus.

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APOC vs APRT: which one stands where?

As of Oct 1, 2026 APRT can fall 10.3% before its buffer engages and APOC 0.0%. Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct and AllianzIM U.S. Equity Buffer10 ETF - Apr.

0.0%

APOC can fall this far before its buffer

10.3%

APRT can fall this far before its buffer

4.3%

APOC can still gain

5.4%

APRT can still gain

APOCFull floor

APOC: reference 0.0% since period start, fund 0.0%; buffer Floor; cap +4.3%; Full floor.

APRTBetween buffer and cap

APRT: reference +17.3% since period start, fund +10.6%; buffer 0 to −10; cap +17.3%; Between buffer and cap.

These are two different products. APOC is a floor fund, which caps how far a holder can fall. APRT is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Where each one stands today

APOC resets first, on Mar 31, 2027, 182 days from now; APRT runs to Mar 31, 2027, 182 days. APOC can still gain 4.3% before its cap, APRT 5.4%. A fall from here reaches APOC’s buffer after 0.0% and APRT’s after 10.3%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	APOC	APRT	APOC	APRT
3 months	+1.5%	+2.5%	−1.0 pts	0.0 pts
6 months	+3.1%	+10.1%	−13.9 pts	−6.8 pts
1 year	+2.8%	+15.5%	−12.9 pts	−0.2 pts
3 years	not published	+52.7%	not published	−32.3 pts

APOC and APRT over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

APOC

Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct · Absorbs the whole loss on SPY and caps the gain at 4.3%, over a period ending Mar 31, 2027

APRT

AllianzIM U.S. Equity Buffer10 ETF - Apr · Absorbs the first 10% of loss on SPY and caps the gain at 17.3%, over a period ending Mar 31, 2027

Issuer Innovator AllianzIM

Reference index SPY SPY

Buffer 100% 10%

Outcome period Sep 30, 2026 to Mar 31, 2027 Apr 1, 2026 to Mar 31, 2027

Days left 182 182

Starting cap +4.3% +17.3%

Can still gain 4.3% 5.4%

Fall before buffer 0.0% 10.3%

Protection left, index points 100.0% of 100.0% 10.0% of 10.0%

Index return this period 0.0% +17.3%

Fund return this period 0.0% +10.6%

State today Open Open

Expense ratio 0.79% 0.74%

Net assets $72m $47m

APOC and APRT on the same fields, as of Oct 1, 2026. Source: ETFIQ.

APOC in plain words

From its price on Oct 1, 2026, the fund can gain about 4.3% more before it reaches its cap. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 182 days remained on Oct 1, 2026. On Mar 31, 2027 the period ends and a new cap is set.

APRT in plain words

From its price on Oct 1, 2026, the fund can gain about 5.4% more before it reaches its cap. The fund's price can fall 10.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 14.7% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, APOC or APRT?: From their prices on Oct 1, 2026, APOC can gain about 4.3% before its cap and APRT about 5.4%, so APRT has more room left this period.
Which resets first, APOC or APRT?: APOC ends its outcome period on Mar 31, 2027 and APRT on Mar 31, 2027. A new cap is set the day after each.
Which is cheaper, APOC or APRT?: APOC charges 0.79% a year and APRT charges 0.74%, so APRT is cheaper. Fees come from each fund's prospectus.

Other comparisons

APOC vs APRP APOC vs DDFO APOC vs DDSQ APOC vs DDTA APRT vs APRW APRT vs ARLU APRT vs BAPR APRT vs CPSP

SPY →APOC on its own →APRT on its own →How every figure is computed →Standards and sources →

Where these figures came from

APOC filings on SEC EDGAR ↗Innovator page for APOC ↗APRT filings on SEC EDGAR ↗AllianzIM page for APRT ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, APOC against APRT, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/apoc-vs-aprt

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.