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BOCT vs OCTW: Cap, Buffer & Days Left

As of Oct 13, 2026 OCTW can fall 1.6% before its buffer engages and BOCT 1.5%. Net assets on Oct 12, 2026: $307m for Innovator U.S. Equity Buffer ETF - Oct and $337m for AllianzIM U.S. Equity Buffer20 ETF - Oct.

OCTW costs 0.05 points a year less; their one-year returns differ by 5.6 points.

Points (pts) are percentage points.

BOCT vs OCTW: Cap, Buffer & Days Left
BOCTOCTW
Expense ratio0.79%0.74%
Net assets, as of Oct 12, 2026$307m$337m
Total return, 1 year+17.0%+11.4%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer1.9%
1.5%
BOCT can fall this far before its buffer
1.6%
OCTW can fall this far before its buffer
18.4%
BOCT can still gain
11.1%
OCTW can still gain
BOCTBetween buffer and cap
Between buffer and capBOCT: reference +1.9% since period start, fund +1.5%; buffer 0 to −9; cap +20.2%; Between buffer and cap. Figures to Oct 13, 2026.9 pts of buffer+18.2% more to the cap−9.0% floor0% period start+20.2% cap+1.9% gain capturedTODAY · SPY +1.9%Between buffer and capBOCT: reference +1.9% since period start, fund +1.5%; buffer 0 to −9; cap +20.2%; Between buffer and cap. Figures to Oct 13, 2026.9 pts+18.2% to cap−9.0% floor0% start+20.2% cap+1.9% gain capturedTODAY · SPY +1.9%

BOCT: reference +1.9% since period start, fund +1.5%; buffer 0 to −9; cap +20.2%; Between buffer and cap. Figures to Oct 13, 2026.

BOCT: reference +1.9% since period start, fund +1.5%; buffer 0 to −9; cap +20.2%; Between buffer and cap. Figures to Oct 13, 2026.

OCTWBetween buffer and cap
Between buffer and capOCTW: reference +1.9% since period start, fund +0.8%; buffer 0 to −20; cap +12.8%; Between buffer and cap. Figures to Oct 13, 2026.20 pts of buffer+10.8% more to the cap−20.0% floor0% period start+12.8% cap+1.9% gain capturedTODAY · SPY +1.9%Between buffer and capOCTW: reference +1.9% since period start, fund +0.8%; buffer 0 to −20; cap +12.8%; Between buffer and cap. Figures to Oct 13, 2026.20 pts−20.0% floor0% start+12.8% cap+1.9% gain captured+10.8% more to the capTODAY · SPY +1.9%

OCTW: reference +1.9% since period start, fund +0.8%; buffer 0 to −20; cap +12.8%; Between buffer and cap. Figures to Oct 13, 2026.

OCTW: reference +1.9% since period start, fund +0.8%; buffer 0 to −20; cap +12.8%; Between buffer and cap. Figures to Oct 13, 2026.

ETFIQ Downside Cover Score · OCTW 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 →

Where each one stands today

BOCT resets first, on Sep 30, 2027, 352 days from now; OCTW runs to Sep 30, 2027, 352 days. BOCT can still gain 18.4% before its cap, OCTW 11.1%. A fall from here reaches BOCT’s buffer after 1.5% and OCTW’s after 1.6%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: BOCT vs OCTW: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowBOCTOCTWBOCTOCTW
3 months+4.9%+3.1%+1.0 pts−0.7 pts
6 months+11.8%+7.4%−1.6 pts−6.0 pts
1 year+17.0%+11.4%−2.2 pts−7.7 pts
3 years+56.4%+35.8%−23.9 pts−44.6 pts
Since launch
Not the same days: BOCT Oct 2018 · OCTW Oct 2020
+127.5%+69.7%−39.2 pts−61.2 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

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
OCTW
AllianzIM U.S. Equity Buffer20 ETF - Oct · Absorbs the first 20% of loss on SPY and caps the gain at 12.8%, over a period ending Sep 30, 2027
Issuer Innovator AllianzIM
Reference index SPY SPY
Buffer 9% 20%
Outcome period Sep 30, 2026 to Sep 30, 2027 Oct 1, 2026 to Sep 30, 2027
Days left 352 352
Starting cap +20.2% +12.8%
Can still gain 18.4% 11.1%
Fall before buffer 1.5% 1.6%
Protection left, index points 9.0% of 9.0% 20.0% of 20.0%
Index return this period +1.9% +1.9%
Fund return this period +1.5% +0.8%
State today Open Open
Expense ratio 0.79% 0.74%
Net assets, as of Oct 12, 2026 $307m $337m

As of Oct 13, 2026. Source: ETFIQ.

About BOCT

From its price on Oct 13, 2026, the fund can gain about 18.4% more before it reaches its cap. The fund's price can fall 1.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 1.9% 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. 352 days remained on Oct 13, 2026. On Sep 30, 2027 the period ends and a new cap is set.

About OCTW

From its price on Oct 13, 2026, the fund can gain about 11.1% more before it reaches its cap. The fund's price can fall 1.6% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BOCT or OCTW?
From their prices on Oct 13, 2026, BOCT can gain about 18.4% before its cap and OCTW about 11.1%, so BOCT has more room left this period.
Which resets first, BOCT or OCTW?
BOCT ends its outcome period on Sep 30, 2027 and OCTW on Sep 30, 2027. A new cap is set the day after each.
Which is cheaper, BOCT or OCTW?
BOCT charges 0.79% a year and OCTW charges 0.74%, so OCTW is cheaper. Fees come from each fund's prospectus.
Other comparisons
BOCT vs DAPRBOCT vs GSEPBOCT vs UJULBOCT vs DOCTOCTW vs ZOCTOCTW vs XSEPOCTW vs SEPMOCTW vs TOCT
SPY →BOCT on its own →OCTW 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 ↗OCTW filings on SEC EDGAR ↗AllianzIM page for OCTW ↗

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, BOCT against OCTW, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/boct-vs-octw

Open data

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