Which has more room to gain, BOCT or UOCT?

From their prices on Oct 2, 2026, BOCT can gain about 19.4% before its cap and UOCT about 14.6%, so BOCT has more room left this period.

Which resets first, BOCT or UOCT?

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

Which is cheaper, BOCT or UOCT?

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

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BOCT vs UOCT: which one stands where?

As of Oct 2, 2026 UOCT can fall 5.5% before its buffer engages and BOCT 0.7%. Innovator U.S. Equity Buffer ETF - Oct and Innovator U.S. Equity Ultra Buffer ETF - Oct.

their one-year returns differ by 3.6 points; BOCT is 1.5 times larger.

	BOCT	UOCT
Expense ratio	0.79%	0.79%
Net assets	$292m	$189m
Total return, 1 year	+14.3%	+10.7%
What it tracks	SPY	SPY
Holdings in common	not published

0.7%

BOCT can fall this far before its buffer

5.5%

UOCT can fall this far before its buffer

19.4%

BOCT can still gain

14.6%

UOCT 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.

UOCTBetween buffer and cap

UOCT: reference +0.9% since period start, fund +0.6%; buffer −5 to −35; cap +15.3%; Between buffer and cap.

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

BOCT 16.5

UOCT 73

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 →

Both are Innovator funds, so the difference between them is the terms rather than the house.

Where each one stands today

BOCT resets first, on Sep 30, 2027, 363 days from now; UOCT runs to Sep 30, 2027, 363 days. BOCT can still gain 19.4% before its cap, UOCT 14.6%. A fall from here reaches BOCT’s buffer after 0.7% and UOCT’s after 5.5%. 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	UOCT	BOCT	UOCT
3 months	+4.6%	+3.6%	+1.0 pts	0.0 pts
6 months	+14.8%	+10.8%	−3.2 pts	−7.2 pts
1 year	+14.3%	+10.7%	−1.9 pts	−5.6 pts
3 years	+58.1%	+40.8%	−31.2 pts	−48.5 pts

BOCT and UOCT 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

UOCT

Innovator U.S. Equity Ultra Buffer ETF - Oct · Absorbs losses from 5.0% to 35.0% on SPY and caps the gain at 15.3%, over a period ending Sep 30, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 9% 5% to 35%

Outcome period Sep 30, 2026 to Sep 30, 2027 Sep 30, 2026 to Sep 30, 2027

Days left 363 363

Starting cap +20.2% +15.3%

Can still gain 19.4% 14.6%

Fall before buffer 0.7% 5.5%

Protection left, index points 9.0% of 9.0% 30.0% of 30.0%

Index return this period +0.9% +0.9%

Fund return this period +0.7% +0.6%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $292m $189m

BOCT and UOCT 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.

UOCT in plain words

From its price on Oct 2, 2026, the fund can gain about 14.6% more before it reaches its cap. The fund's price can fall 5.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 5.9% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BOCT or UOCT?: From their prices on Oct 2, 2026, BOCT can gain about 19.4% before its cap and UOCT about 14.6%, so BOCT has more room left this period.
Which resets first, BOCT or UOCT?: BOCT ends its outcome period on Sep 30, 2027 and UOCT on Sep 30, 2027. A new cap is set the day after each.
Which is cheaper, BOCT or UOCT?: BOCT charges 0.79% a year and UOCT charges 0.79%, so BOCT is cheaper. Fees come from each fund's prospectus.

Other comparisons

BOCT vs FLAO BOCT vs FOCT BOCT vs FSEP BOCT vs GJAN UOCT vs XSEP UOCT vs ZALT UOCT vs ZOCT UOCT vs CPSO

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

Where these figures came from

BOCT and UOCT filings on SEC EDGAR ↗Innovator page for BOCT ↗Innovator page for UOCT ↗

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 UOCT, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/boct-vs-uoct

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.