{"url":"https://etfiq.com/compare/buffer/boct-vs-sepm","section":"compare","title":"BOCT vs SEPM: Cap, Buffer & Days Left | ETFIQ","description":"As of Oct 22, 2026 BOCT can gain 19.9% before its cap and SEPM 7.0%. Each can fall 0.3% and 1.3% before its buffer engages, on SPY.","as_of":"Oct 22, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, BOCT or SEPM?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Oct 22, 2026, BOCT can gain about 19.9% before its cap and SEPM about 7.0%, so BOCT has more room left this period."}},{"@type":"Question","name":"Which resets first, BOCT or SEPM?","acceptedAnswer":{"@type":"Answer","text":"BOCT ends its outcome period on Sep 30, 2027 and SEPM on Sep 17, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, BOCT or SEPM?","acceptedAnswer":{"@type":"Answer","text":"BOCT charges 0.79% a year and SEPM charges 0.85%, so BOCT is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"BOCT vs SEPM","item":"https://etfiq.com/compare/buffer/boct-vs-sepm"}]},{"@type":"WebPage","name":"BOCT vs SEPM: Cap, Buffer & Days Left","description":"As of Oct 22, 2026 BOCT can gain 19.9% before its cap and SEPM 7.0%. Each can fall 0.3% and 1.3% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/boct-vs-sepm","dateModified":"2026-10-22","abstract":"As of Oct 22, 2026 SEPM can fall 1.3% before its buffer engages and BOCT 0.3%, and SEPM resets 13 days sooner.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BOCT and SEPM","description":"As of Oct 22, 2026 BOCT can gain 19.9% before its cap and SEPM 7.0%. Each can fall 0.3% and 1.3% before its buffer engages, on SPY.","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/boct-vs-sepm","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":6431,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / BOCT vs SEPM \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 22, 2026 .\n\n BOCT vs SEPM: Cap, Buffer & Days Left\n\n As of Oct 22, 2026 SEPM can fall 1.3% before its buffer engages and BOCT 0.3%, and SEPM resets 13 days sooner.\n Copy this for sharing \n \n BOCT costs 0.06 points a year less; their one-year returns differ by 7.4 points; BOCT is 9.5 times larger.\n BOCT and SEPM at a glance. As of Oct 22, 2026. Source: ETFIQ. BOCT SEPM \n Expense ratio 0.79% 0.85% \n Net assets $360m $38m \n Total return, 1 year +13.7% +6.3% \n What it tracks SPY SPY \n Holdi","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, BOCT against SEPM, data as of Oct 22, 2026. https://etfiq.com/compare/buffer/boct-vs-sepm","a":{"ticker":"BOCT","name":"Innovator U.S. Equity Buffer ETF - Oct","issuer":"Innovator","desk":"buffer","as_of":"2026-10-22","verdict":"Since Sep 30, 2026, BOCT returned 0.2%, against 0.2% for SPY. It can gain 19.9% more before its cap.","url":"https://etfiq.com/funds/boct","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"19.9%","as_of":"2026-10-22","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"0.3%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"9.0%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"343","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$360m","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-10-22","source":"issuer page, Oct 22, 2026"}]},"b":{"ticker":"SEPM","name":"FT Vest U.S. Equity Max Buffer ETF - September","issuer":"First Trust","desk":"buffer","as_of":"2026-10-22","verdict":"Since Sep 21, 2026, SEPM returned 0.4%, against 0.3% for SPY. It can gain 7.0% more before its cap.","url":"https://etfiq.com/funds/sepm","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"7.0%","as_of":"2026-10-22","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"1.3%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"100.0%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"330","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$38m","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.85%","as_of":"2026-10-22","source":"issuer page, Oct 22, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/boct-vs-sepm"}