BOCT vs OCTT: which one stands where?

As of Oct 2, 2026 OCTT can fall 1.3% before its buffer engages and BOCT 0.7%. Innovator U.S. Equity Buffer ETF - Oct and AllianzIM U.S. Equity Buffer10 ETF - Oct.

OCTT costs 0.05 points a year less; their one-year returns differ by 0.2 points; BOCT is 5.2 times larger.

BOCTOCTT
Expense ratio0.79%0.74%
Net assets$292m$56m
Total return, 1 year+14.3%+14.1%
What it tracksSPYSPY
Holdings in commonnot published
0.7%
BOCT can fall this far before its buffer
1.3%
OCTT can fall this far before its buffer
19.4%
BOCT can still gain
16.6%
OCTT can still gain
BOCTBetween buffer and cap
Between buffer and capBOCT: reference +0.9% since period start, fund +0.7%; buffer 0 to −9; cap +20.2%; Between buffer and cap.9 pts of buffer+19.2% more to the cap−9.0% floor0% period start+20.2% capTODAY · SPY +0.9%Between buffer and capBOCT: reference +0.9% since period start, fund +0.7%; buffer 0 to −9; cap +20.2%; Between buffer and cap.9 pts+19.2% to cap−9.0% floor0% start+20.2% capTODAY · SPY +0.9%

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

OCTTBetween buffer and cap
Between buffer and capOCTT: reference +0.9% since period start, fund +0.6%; buffer 0 to −10; cap +18.0%; Between buffer and cap.10 pts of buffer+17.1% more to the cap−10.0% floor0% period start+18.0% capTODAY · SPY +0.9%Between buffer and capOCTT: reference +0.9% since period start, fund +0.6%; buffer 0 to −10; cap +18.0%; Between buffer and cap.10 pts+17.1% to cap−10.0% floor0% start+18.0% capTODAY · SPY +0.9%

OCTT: reference +0.9% since period start, fund +0.6%; buffer 0 to −10; cap +18.0%; Between buffer and cap.

ETFIQ Downside Cover Score · OCTT 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 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 →

Where each one stands today

BOCT resets first, on Sep 30, 2027, 363 days from now; OCTT runs to Sep 30, 2027, 363 days. BOCT can still gain 19.4% before its cap, OCTT 16.6%. A fall from here reaches BOCT’s buffer after 0.7% and OCTT’s after 1.3%. 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 returnGap to the reference
WindowBOCTOCTTBOCTOCTT
3 months+4.6%+4.7%+1.0 pts+1.1 pts
6 months+14.8%+14.5%−3.2 pts−3.5 pts
1 year+14.3%+14.1%−1.9 pts−2.2 pts
3 years+58.1%+55.7%−31.2 pts−33.6 pts

BOCT and OCTT 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
OCTT
AllianzIM U.S. Equity Buffer10 ETF - Oct · Absorbs the first 10% of loss on SPY and caps the gain at 18.0%, over a period ending Sep 30, 2027
Issuer Innovator AllianzIM
Reference index SPY SPY
Buffer 9% 10%
Outcome period Sep 30, 2026 to Sep 30, 2027 Oct 1, 2026 to Sep 30, 2027
Days left 363 363
Starting cap +20.2% +18.0%
Can still gain 19.4% 16.6%
Fall before buffer 0.7% 1.3%
Protection left, index points 9.0% of 9.0% 10.0% of 10.0%
Index return this period +0.9% +0.9%
Fund return this period +0.7% +0.6%
State today Open Open
Expense ratio 0.79% 0.74%
Net assets $292m $56m

BOCT and OCTT 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.

OCTT in plain words

From its price on Oct 2, 2026, the fund can gain about 16.6% more before it reaches its cap. The fund's price can fall 1.3% from here before the buffer starts absorbing losses, by the issuer's figure. 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, BOCT or OCTT?
From their prices on Oct 2, 2026, BOCT can gain about 19.4% before its cap and OCTT about 16.6%, so BOCT has more room left this period.
Which resets first, BOCT or OCTT?
BOCT ends its outcome period on Sep 30, 2027 and OCTT on Sep 30, 2027. A new cap is set the day after each.
Which is cheaper, BOCT or OCTT?
BOCT charges 0.79% a year and OCTT charges 0.74%, so OCTT is cheaper. Fees come from each fund's prospectus.
Cite this page

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

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.