Which has more room to gain, APOC or FLAO?

From their prices on Oct 2, 2026, APOC can gain about 4.0% before its cap and FLAO about 6.3%, so FLAO has more room left this period.

Which resets first, APOC or FLAO?

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

Which is cheaper, APOC or FLAO?

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

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APOC vs FLAO: which one stands where?

As of Oct 2, 2026 FLAO can fall 5.8% before its buffer engages and APOC 0.2%. Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct and AllianzIM U.S. Equity Floor5 ETF - Apr.

FLAO costs 0.05 points a year less; their one-year returns differ by 0.0 points; APOC is 8.5 times larger.

	APOC	FLAO
Expense ratio	0.79%	0.74%
Net assets	$73m	$9m
Total return, 1 year	+2.9%	+2.9%
What it tracks	SPY	SPY
Holdings in common	not published

0.2%

APOC can fall this far before its buffer

5.8%

FLAO can fall this far before its buffer

4.0%

APOC can still gain

6.3%

FLAO can still gain

APOCFull floor

APOC: reference +0.9% since period start, fund +0.2%; buffer Floor; cap +4.3%; Full floor.

FLAOFull floor

FLAO: reference +0.9% since period start, fund +0.4%; buffer −5 to floor; cap +7.1%; Full floor.

Where each one stands today

APOC resets first, on Mar 31, 2027, 180 days from now; FLAO runs to Mar 31, 2027, 180 days. APOC can still gain 4.0% before its cap, FLAO 6.3%. A fall from here reaches APOC’s buffer after 0.2% and FLAO’s after 5.8%. 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	FLAO	APOC	FLAO
3 months	+1.5%	+2.0%	−2.1 pts	−1.6 pts
6 months	+3.4%	+5.8%	−14.6 pts	−12.1 pts
1 year	+2.9%	+2.9%	−13.3 pts	−13.3 pts

APOC and FLAO 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

FLAO

AllianzIM U.S. Equity Floor5 ETF - Apr · Absorbs losses from 5.0% to 100.0% on SPY and caps the gain at 7.1%, over a period ending Mar 31, 2027

Issuer Innovator AllianzIM

Reference index SPY SPY

Buffer 100% 5% to 100%

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

Days left 180 180

Starting cap +4.3% +7.1%

Can still gain 4.0% 6.3%

Fall before buffer 0.2% 5.8%

Protection left, index points 100.0% of 100.0% 95.0% of 95.0%

Index return this period +0.9% +0.9%

Fund return this period +0.2% +0.4%

State today Open Open

Expense ratio 0.79% 0.74%

Net assets $73m $9m

APOC and FLAO on the same fields, as of Oct 2, 2026. Source: ETFIQ.

APOC in plain words

From its price on Oct 2, 2026, the fund can gain about 4.0% more before it reaches its cap. The fund's price can fall 0.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.9% 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. 180 days remained on Oct 2, 2026. On Mar 31, 2027 the period ends and a new cap is set.

FLAO in plain words

From its price on Oct 2, 2026, the fund can gain about 6.3% more before it reaches its cap. The fund's price can fall 5.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 5.9% from today's level to the point where the buffer begins. Protection left, in index points: 95.0% of the 95.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, APOC or FLAO?: From their prices on Oct 2, 2026, APOC can gain about 4.0% before its cap and FLAO about 6.3%, so FLAO has more room left this period.
Which resets first, APOC or FLAO?: APOC ends its outcome period on Mar 31, 2027 and FLAO on Mar 31, 2027. A new cap is set the day after each.
Which is cheaper, APOC or FLAO?: APOC charges 0.79% a year and FLAO charges 0.74%, so FLAO is cheaper. Fees come from each fund's prospectus.

Other comparisons

APOC vs DMAR APOC vs GMAR APOC vs GSEP APOC vs MARM FLAO vs CPST FLAO vs OCTU FLAO vs OCTW FLAO vs PAPR

SPY →APOC on its own →FLAO 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 ↗FLAO filings on SEC EDGAR ↗AllianzIM page for FLAO ↗

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 FLAO, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/apoc-vs-flao

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.