Data as of .
BOCT vs OCTW: which one stands where?
As of Sep 21, 2026 BOCT can fall 13.1% before its buffer engages and OCTW 9.4%, and BOCT resets 1 days sooner.
ETFIQ Downside Cover Score: OCTW scores higher
If the market falls into a bear market from here, how much does the buffer absorb?
A percentile among the 293 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, 2026, 9 days from now; OCTW runs to Sep 30, 2026, 10 days. BOCT can still gain 0.4% before its cap, OCTW 0.1%. A fall from here reaches BOCT’s buffer after 13.1% and OCTW’s after 9.4%. 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
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| BOCT | OCTW | BOCT | OCTW | |
| 3 months | +3.4% | +2.5% | +1.2 pts | +0.3 pts |
| 6 months | +14.4% | +9.2% | −3.6 pts | −8.8 pts |
| 1 year | +14.0% | +9.6% | −2.5 pts | −6.9 pts |
| 3 years | +49.0% | +35.3% | −29.4 pts | −43.1 pts |
| BOCT Innovator U.S. Equity Buffer ETF - Oct Absorbs the first 9% of loss on SPY and caps the gain at 15.4%, over a period ending Sep 30, 2026 | OCTW AllianzIM U.S. Equity Buffer20 ETF - Oct Absorbs the first 20% of loss on SPY and caps the gain at 10.3%, over a period ending Sep 30, 2026 | |
|---|---|---|
| Issuer | Innovator | AllianzIM |
| Reference index | SPY | SPY |
| Buffer | 9% | 20% |
| Outcome period | Sep 30, 2025 to Sep 30, 2026 | Oct 1, 2025 to Sep 30, 2026 |
| Days left | 9 | 10 |
| Starting cap | +15.4% | +10.3% |
| Can still gain | 0.4% | 0.1% |
| Fall before buffer | 13.1% | 9.4% |
| Protection left, index points | 9.0% of 9.0% | 20.0% of 20.0% |
| Index return this period | +16.2% | +16.2% |
| Fund return this period | +14.1% | +9.4% |
| State today | At cap | At cap |
| Expense ratio | 0.79% | 0.74% |
| Net assets | $286m | $317m |
BOCT in plain words
SPY had already risen past this fund's cap of +15.4% for the period on Sep 21, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 0.4% as the period runs out. The fund's price can fall 13.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 13.9% 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. 9 days remained on Sep 21, 2026. On Sep 30, 2026 the period ends and a new cap is set.
OCTW in plain words
SPY had already risen past this fund's cap of +10.3% for the period on Sep 21, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 0.1% as the period runs out. The fund's price can fall 9.4% 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. 10 days remained on Sep 21, 2026.
Questions people ask
- Which has more room to gain, BOCT or OCTW?
- From their prices on Sep 21, 2026, BOCT can gain about 0.4% before its cap and OCTW about 0.1%, so BOCT has more room left this period.
- Which resets first, BOCT or OCTW?
- BOCT ends its outcome period on Sep 30, 2026 and OCTW on Sep 30, 2026. 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BOCT against OCTW, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/boct-vs-octw Free to use with attribution; the underlying files are at Open data.