BNOV vs DOCT: Cap, Buffer & Days Left

As of Oct 9, 2026 DOCT can fall 15.1% before its buffer engages and BNOV 12.5%, and DOCT resets 15 days sooner. Net assets on Oct 9, 2026: $201m for Innovator U.S. Equity Buffer ETF - Nov and $403m for FT Vest U.S. Equity Deep Buffer ETF - October.

BNOV costs 0.06 points a year less; their one-year returns differ by 2.9 points; DOCT is 2.0 times larger.

Points (pts) are percentage points.

BNOV vs DOCT: Cap, Buffer & Days Left
BNOVDOCT
Expense ratio0.79%0.85%
Net assets$201m$403m
Total return, 1 year+14.2%+11.3%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer12.4%18.9%
12.5%
BNOV can fall this far before its buffer
15.1%
DOCT can fall this far before its buffer
3.1%
BNOV can still gain
0.0%
DOCT can still gain
BNOVBetween buffer and cap
Between buffer and capBNOV: reference +14.2% since period start, fund +13.3%; buffer 0 to −9; cap +17.6%; Between buffer and cap. Figures to Oct 9, 2026.9 pts of buffer+14.2% gain captured−9.0% floor0% period start+17.6% cap+3.5% more to the capTODAY · SPY +14.2%Between buffer and capBNOV: reference +14.2% since period start, fund +13.3%; buffer 0 to −9; cap +17.6%; Between buffer and cap. Figures to Oct 9, 2026.+14.2%−9.0% floor0% start+17.6% cap9 pts of buffer+3.5% more to the capTODAY · SPY +14.2%

BNOV: reference +14.2% since period start, fund +13.3%; buffer 0 to −9; cap +17.6%; Between buffer and cap. Figures to Oct 9, 2026.

BNOV: reference +14.2% since period start, fund +13.3%; buffer 0 to −9; cap +17.6%; Between buffer and cap. Figures to Oct 9, 2026.

DOCTAt its cap
At its capDOCT: reference +17.2% since period start, fund +10.9%; buffer −5 to −30; cap +11.7%; At its cap. Figures to Oct 9, 2026.25 pts of buffer+11.7% gain captured−30.0% floor−5.0% buffer start0% period start+11.7% capfirst 5 pts are yours to loseTODAY · SPY +17.2%At its capDOCT: reference +17.2% since period start, fund +10.9%; buffer −5 to −30; cap +11.7%; At its cap. Figures to Oct 9, 2026.25 pts of buffer+11.7%−30.0% floor−5.0% buffer start0% start+11.7% capfirst 5 pts are yours to loseTODAY · SPY +17.2%

DOCT: reference +17.2% since period start, fund +10.9%; buffer −5 to −30; cap +11.7%; At its cap. Figures to Oct 9, 2026.

DOCT: reference +17.2% since period start, fund +10.9%; buffer −5 to −30; cap +11.7%; At its cap. Figures to Oct 9, 2026.

ETFIQ Downside Cover Score · BNOV scores higherIf the market falls into a bear market from here, how much does the buffer absorb?
0.2, the lowest in this set99.8, the highest

A percentile among the 292 buffer ETFs on stocks with a live outcome period. Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it → How it is computed →

DOCT is already at its cap, so more rise in the index adds nothing to it before the period ends.

Where each one stands today

DOCT resets first, on Oct 16, 2026, 7 days from now; BNOV runs to Oct 31, 2026, 22 days. BNOV can still gain 3.1% before its cap, DOCT 0.0%. A fall from here reaches BNOV’s buffer after 12.5% and DOCT’s after 15.1%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: BNOV vs DOCT: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowBNOVDOCTBNOVDOCT
3 months+3.5%+2.8%+0.4 pts−0.3 pts
6 months+12.3%+8.6%−2.3 pts−6.0 pts
1 year+14.2%+11.3%−1.8 pts−4.7 pts
3 years+50.1%+37.2%−29.0 pts−42.0 pts
Since launch
Not the same days: BNOV Nov 2019 · DOCT Aug 2020
+94.4%+283.7%−59.9 pts+153.3 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →

On the same fields

BNOV
Innovator U.S. Equity Buffer ETF - Nov · Absorbs the first 9% of loss on SPY and caps the gain at 17.6%, over a period ending Oct 31, 2026
DOCT
FT Vest U.S. Equity Deep Buffer ETF - October · Absorbs losses from 5.0% to 30.0% on SPY and caps the gain at 11.7%, over a period ending Oct 16, 2026
Reference index SPY SPY
Buffer 9% 5% to 30%
Outcome period Oct 31, 2025 to Oct 31, 2026 Oct 20, 2025 to Oct 16, 2026
Days left 22 7
Starting cap +17.6% +11.7%
Can still gain 3.1% 0.0%
Fall before buffer 12.5% 15.1%
Protection left, index points 9.0% of 9.0% 25.0% of 25.0%
Index return this period +14.2% +17.2%
Fund return this period +13.3% +10.9%
State today Open At cap
Expense ratio 0.79% 0.85%
Net assets $201m $403m

As of Oct 9, 2026. Source: ETFIQ.

About BNOV

From its price on Oct 9, 2026, the fund can gain about 3.1% more before it reaches its cap. The fund's price can fall 12.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 12.4% 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. 22 days remained on Oct 9, 2026. On Oct 31, 2026 the period ends and a new cap is set.

About DOCT

SPY had already risen past this fund's cap of +11.7% for the period on Oct 9, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 0.0% as the period runs out. The fund's price can fall 15.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 18.9% from today's level to the point where the buffer begins. Protection left, in index points: 25.0% of the 25.0% buffer still sits below today's SPY level. 7 days remained on Oct 9, 2026. On Oct 16, 2026 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, BNOV or DOCT?
From their prices on Oct 9, 2026, BNOV can gain about 3.1% before its cap and DOCT about 0.0%, so BNOV has more room left this period.
Which resets first, BNOV or DOCT?
BNOV ends its outcome period on Oct 31, 2026 and DOCT on Oct 16, 2026. A new cap is set the day after each.
Which is cheaper, BNOV or DOCT?
BNOV charges 0.79% a year and DOCT charges 0.85%, so BNOV 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

It is a place in a set, not a rating or a recommendation.

ETFIQ calculates every figure 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 figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, BNOV against DOCT, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/bnov-vs-doct

Open data

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