BFOC vs QBF: which one stands where?

As of Oct 9, 2026 QBF can fall 18.6% before its buffer engages and BFOC 15.2%, and QBF resets 281 days sooner. FT Vest Bitcoin Strategy Floor15 ETF - October and Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly.

QBF costs 0.11 points a year less; their one-year returns differ by 17.0 points; QBF is 5.4 times larger.

BFOCQBF
Expense ratio0.90%0.79%
Net assets, as of Oct 8, 2026$3m$14m
Total return, 1 year−17.0%−34.0%
What it tracksIBITCBTX
Holdings in commonnot published
Index fall to the buffer13.6%18.7%
15.2%
BFOC can fall this far before its buffer
18.6%
QBF can fall this far before its buffer
30.9%
BFOC can still gain
uncapped
QBF can still gain
BFOCIn the unprotected slice
In the unprotected sliceBFOC: reference −1.6% since period start, fund −0.9%; buffer −15 to floor; cap +30.7%; In the unprotected slice. Figures to Oct 9, 2026.full floor beneath+30.7% more to the capfull floor−15.0% buffer start0% period start+30.7% capTODAY · IBIT −1.6%In the unprotected sliceBFOC: reference −1.6% since period start, fund −0.9%; buffer −15 to floor; cap +30.7%; In the unprotected slice. Figures to Oct 9, 2026.full floor beneathfull floor−15.0% buffer start0% start+30.7% cap+30.7% more to the capTODAY · IBIT −1.6%

BFOC: reference −1.6% since period start, fund −0.9%; buffer −15 to floor; cap +30.7%; In the unprotected slice. Figures to Oct 9, 2026.

BFOC: reference −1.6% since period start, fund −0.9%; buffer −15 to floor; cap +30.7%; In the unprotected slice. Figures to Oct 9, 2026.

QBFIn the unprotected slice
In the unprotected sliceQBF: reference −1.6% since period start, fund −1.8%; buffer −20 to floor; no cap; In the unprotected slice. Figures to Oct 9, 2026.full floor beneathfull floor−20.0% buffer start0% period startno capTODAY · CBTX −1.6%In the unprotected sliceQBF: reference −1.6% since period start, fund −1.8%; buffer −20 to floor; no cap; In the unprotected slice. Figures to Oct 9, 2026.full floor−20.0% buffer start0% startno capfull floor beneathTODAY · CBTX −1.6%

QBF: reference −1.6% since period start, fund −1.8%; buffer −20 to floor; no cap; In the unprotected slice. Figures to Oct 9, 2026.

QBF: reference −1.6% since period start, fund −1.8%; buffer −20 to floor; no cap; In the unprotected slice. Figures to Oct 9, 2026.

They do not reset together. QBF has 83 days of its period left and BFOC has 364, so the two are not the same bet on the same months.

Where each one stands today

QBF resets first, on Dec 31, 2026, 83 days from now; BFOC runs to Oct 8, 2027, 364 days. A fall from here reaches BFOC’s buffer after 15.2% and QBF’s after 18.6%. They track IBIT and CBTX respectively.

Performance, window by window

Total returnGap to the reference
WindowBFOCQBFBFOCQBF
3 months−0.5%+18.7%−29.0 ptsnot available
6 months−1.8%+3.0%−13.8 ptsnot available
1 year−17.0%−34.0%+15.3 ptsnot available

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BFOC
FT Vest Bitcoin Strategy Floor15 ETF - October · Absorbs losses from 15.0% to 100.0% on IBIT and caps the gain at 30.7%, over a period ending Oct 8, 2027
QBF
Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly · Absorbs losses from 20.0% to 100.0% on CBTX and does not cap the gain, over a period ending Dec 31, 2026
Reference index IBIT CBTX
Buffer 15% to 100% 20% to 100%
Outcome period Oct 1, 2026 to Oct 8, 2027 Sep 30, 2026 to Dec 31, 2026
Days left 364 83
Starting cap +30.7% uncapped
Can still gain 30.9% uncapped
Fall before buffer 15.2% 18.6%
Protection left, index points 85.0% of 85.0% 80.0% of 80.0%
Index return this period −1.6% −1.6%
Fund return this period −0.9% −1.8%
State today Open Uncapped
Expense ratio 0.90% 0.79%
Net assets, as of Oct 8, 2026 $3m $14m

As of Oct 9, 2026. Source: ETFIQ.

BFOC in plain words

From its price on Oct 9, 2026, the fund can gain about 30.9% more before it reaches its cap. The fund's price can fall 15.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, IBIT can fall 13.6% from today's level to the point where the buffer begins. Protection left, in index points: 85.0% of the 85.0% buffer still sits below today's IBIT level. 364 days remained on Oct 9, 2026. On Oct 8, 2027 the period ends and a new cap is set.

QBF in plain words

This fund has no cap. It takes a share of any further rise in CBTX. The fund's price can fall 18.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, CBTX can fall 18.7% from today's level to the point where the buffer begins. Protection left, in index points: 80.0% of the 80.0% buffer still sits below today's CBTX level. 83 days remained on Oct 9, 2026. On Dec 31, 2026 the period ends and new terms are set.

Questions people ask

Which resets first, BFOC or QBF?
BFOC ends its outcome period on Oct 8, 2027 and QBF on Dec 31, 2026. New terms are set the day after each.
Which is cheaper, BFOC or QBF?
BFOC charges 0.90% a year and QBF charges 0.79%, so QBF is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

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.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this page

ETFIQ, BFOC against QBF, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/bfoc-vs-qbf

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.