Which has more room to gain, BOCT or DAPR?

From their prices on Oct 2, 2026, BOCT can gain about 19.4% before its cap and DAPR about 6.2%, so BOCT has more room left this period.

Which resets first, BOCT or DAPR?

BOCT ends its outcome period on Sep 30, 2027 and DAPR on Apr 16, 2027. A new cap is set the day after each.

Which is cheaper, BOCT or DAPR?

BOCT charges 0.79% a year and DAPR charges 0.85%, so BOCT is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live

BOCT vs DAPR: which one stands where?

As of Oct 2, 2026 DAPR can fall 10.1% before its buffer engages and BOCT 0.7%, and DAPR resets 167 days sooner. Innovator U.S. Equity Buffer ETF - Oct and FT Vest U.S. Equity Deep Buffer ETF - April.

BOCT costs 0.06 points a year less; their one-year returns differ by 6.1 points; DAPR is 1.1 times larger.

	BOCT	DAPR
Expense ratio	0.79%	0.85%
Net assets	$292m	$327m
Total return, 1 year	+14.3%	+8.2%
What it tracks	SPY	SPY
Holdings in common	not published

0.7%

BOCT can fall this far before its buffer

10.1%

DAPR can fall this far before its buffer

19.4%

BOCT can still gain

6.2%

DAPR can still gain

BOCTBetween buffer and cap

BOCT: reference +0.9% since period start, fund +0.7%; buffer 0 to −9; cap +20.2%; Between buffer and cap.

DAPRBetween buffer and cap

DAPR: reference +8.4% since period start, fund +4.7%; buffer −5 to −30; cap +12.0%; Between buffer and cap.

ETFIQ Downside Cover Score · DAPR scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

BOCT 16.5

DAPR 25.7

0.2, the lowest in this set99.8, the highest

A percentile among the 294 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

They do not reset together. DAPR has 196 days of its period left and BOCT has 363, so the two are not the same bet on the same months.

Where each one stands today

DAPR resets first, on Apr 16, 2027, 196 days from now; BOCT runs to Sep 30, 2027, 363 days. BOCT can still gain 19.4% before its cap, DAPR 6.2%. A fall from here reaches BOCT’s buffer after 0.7% and DAPR’s after 10.1%. 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	BOCT	DAPR	BOCT	DAPR
3 months	+4.6%	+2.4%	+1.0 pts	−1.2 pts
6 months	+14.8%	+5.0%	−3.2 pts	−12.9 pts
1 year	+14.3%	+8.2%	−1.9 pts	−8.1 pts
3 years	+58.1%	+39.0%	−31.2 pts	−50.3 pts

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

On the same fields

BOCT

Innovator U.S. Equity Buffer ETF - Oct · Absorbs the first 9% of loss on SPY and caps the gain at 20.2%, over a period ending Sep 30, 2027

DAPR

FT Vest U.S. Equity Deep Buffer ETF - April · Absorbs losses from 5.0% to 30.0% on SPY and caps the gain at 12.0%, over a period ending Apr 16, 2027

Issuer Innovator First Trust

Reference index SPY SPY

Buffer 9% 5% to 30%

Outcome period Sep 30, 2026 to Sep 30, 2027 Apr 20, 2026 to Apr 16, 2027

Days left 363 196

Starting cap +20.2% +12.0%

Can still gain 19.4% 6.2%

Fall before buffer 0.7% 10.1%

Protection left, index points 9.0% of 9.0% 25.0% of 25.0%

Index return this period +0.9% +8.4%

Fund return this period +0.7% +4.7%

State today Open Open

Expense ratio 0.79% 0.85%

Net assets $292m $327m

BOCT and DAPR on the same fields, as of Oct 2, 2026. Source: ETFIQ.

BOCT in plain words

From its price on Oct 2, 2026, the fund can gain about 19.4% more before it reaches its cap. The fund's price can fall 0.7% 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: 9.0% of the 9.0% buffer still sits below today's SPY level. 363 days remained on Oct 2, 2026. On Sep 30, 2027 the period ends and a new cap is set.

DAPR in plain words

From its price on Oct 2, 2026, the fund can gain about 6.2% more before it reaches its cap. The fund's price can fall 10.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 12.3% 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. 196 days remained on Oct 2, 2026. On Apr 16, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, BOCT or DAPR?: From their prices on Oct 2, 2026, BOCT can gain about 19.4% before its cap and DAPR about 6.2%, so BOCT has more room left this period.
Which resets first, BOCT or DAPR?: BOCT ends its outcome period on Sep 30, 2027 and DAPR on Apr 16, 2027. A new cap is set the day after each.
Which is cheaper, BOCT or DAPR?: BOCT charges 0.79% a year and DAPR charges 0.85%, so BOCT is cheaper. Fees come from each fund's prospectus.

Other comparisons

BOCT vs ZOCT BOCT vs BSEP BOCT vs CPSO BOCT vs CPST DAPR vs POCT DAPR vs UJUL DAPR vs UOCT DAPR vs BSEP

SPY →BOCT on its own →DAPR on its own →How every figure is computed →Standards and sources →

Where these figures came from

BOCT filings on SEC EDGAR ↗Innovator page for BOCT ↗DAPR filings on SEC EDGAR ↗First Trust page for DAPR ↗

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, BOCT against DAPR, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/boct-vs-dapr

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.