Data as of Nov 4, 2026.
DOCT vs NVBT: Cap, Buffer & Days Left
As of Nov 4, 2026 DOCT can fall 6.2% before its buffer engages and NVBT 1.7%, and DOCT resets 16 days sooner.
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Net assets on Nov 3, 2026: $421m for FT Vest U.S. Equity Deep Buffer ETF - October and $28m for AllianzIM U.S. Equity Buffer10 ETF - Nov.
DOCT: reference +0.5% since period start, fund +0.3%; buffer −5 to −30; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.
DOCT: reference +0.5% since period start, fund +0.3%; buffer −5 to −30; cap +14.2%; Between buffer and cap. Data to Nov 4, 2026.NVBT: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +18.0%; Between buffer and cap. Data to Nov 4, 2026.
NVBT: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +18.0%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
NVBT costs 0.11 points a year less; their one-year returns differ by 1.4 points; DOCT is 15.0 times larger.
Points (pts) are percentage points.
| Measure | DOCT | NVBT |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.6% | +12.0% |
| Drawdown | ||
| Index fall to the buffer | 5.4% | 1.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.74% |
| Net assets, as of Nov 3, 2026 | $421m | $28m |
| Holdings | ||
| Holdings in common | not published | |
How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed
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 →
Risk and return
Nov 11, 2022 to Oct 30, 2026 · 207 weekly returns · each against SPYFrom Nov 2022 to Oct 2026, NVBT returned slightly more: +57.7% to +52.2%. DOCT swung less: 6.6% to 9.3%. DOCT fell less at its worst: −9.0% to −11.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DOCT | NVBT | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +52.2% | +57.7% | NVBT (slight) | Price change plus distributions, reinvested. | |
| Annualized | +11.1% | +12.1% | NVBT (slight) | Total return as a yearly rate. | |
| Price return | +52.2% | +57.7% | NVBT (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 6.6% | 9.3% | DOCT | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 4.4% | 6.3% | DOCT | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −9.0% | −11.4% | DOCT | Deepest fall from a high to the low after it. | |
| Upside capture | 37.2% | 52.9% | 100.0% | NVBT | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 47.9% | 69.0% | 100.0% | DOCT | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.45 | 0.63 | 1.00 | DOCT lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.88 | 0.90 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.93 | 0.78 | DOCT | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.41 | 1.17 | DOCT | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.138 | 0.115 | 0.138 | DOCT | Return above Treasury bills per unit of beta. |
| Calmar | 1.23 | 1.06 | DOCT | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | −1.4% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.00 | −0.95 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.3% to +2.3% | −4.5% to +1.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.95 | −1.10 | DOCT | Return against its benchmark per unit of tracking error. | |
| Tracking error | 8.0% | 5.9% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 207 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DOCT | NVBT | DOCT | NVBT |
| 3 months | +2.1% | +0.4% | +2.5 pts | +0.8 pts |
| 6 months | +5.2% | +4.5% | +0.7 pts | 0.0 pts |
| 1 year | +10.6% | +12.0% | −2.9 pts | −1.6 pts |
| 3 years | +39.2% | +47.3% | −37.2 pts | −29.1 pts |
| Since launchNot the same days: DOCT Aug 2020 · NVBT Nov 2022 | +284.8% | +62.6% | +157.9 pts | −36.8 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
Where each one stands today
DOCT resets first, on Oct 15, 2027, 345 days from now; NVBT runs to Oct 31, 2027, 361 days. DOCT can still gain 12.9% before its cap, NVBT 16.1%. A fall from here reaches DOCT’s buffer after 6.2% and NVBT’s after 1.7%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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DOCT
From its price on Nov 4, 2026, the fund can gain about 12.9% more before it reaches its cap. The fund's price can fall 6.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 5.4% from today's level to the point where the buffer begins. Protection left, in index points: 25.0% of the 25.0% buffer still sits below today's SPY level. 345 days remained on Nov 4, 2026. On Oct 15, 2027 the period ends and a new cap is set.
NVBT
From its price on Nov 4, 2026, the fund can gain about 16.1% more before it reaches its cap. The fund's price can fall 1.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.4% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 361 days remained on Nov 4, 2026. On Oct 31, 2027 the period ends and a new cap is set.
Questions people ask
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How this is computed
It is a place in a set, not a rating or a recommendation.
ETFIQ calculates every number 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 number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, DOCT against NVBT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/doct-vs-nvbt
ETFIQ. (Nov 4, 2026). DOCT against NVBT. Retrieved from https://etfiq.com/compare/buffer/doct-vs-nvbt
[DOCT against NVBT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/doct-vs-nvbt)
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