Data as of Oct 28, 2026.

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Buffer ETFs

DOCT vs PAUG: Cap, Buffer & Days Left

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As of Oct 28, 2026 DOCT can fall 6.3% before its buffer engages and PAUG 2.5%, and PAUG resets 76 days sooner.

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Net assets: $421m on Oct 27, 2026 for FT Vest U.S. Equity Deep Buffer ETF - October, and $1.0bn on Oct 28, 2026 for Innovator U.S. Equity Power Buffer ETF - Aug.

At a glance
6.3%
DOCT can fall this far before its buffer
2.5%
PAUG can fall this far before its buffer
12.7%
DOCT can still gain
11.0%
PAUG can still gain
DOCT Between buffer and cap
Between buffer and capDOCT: reference +1.2% since period start, fund +0.5%; buffer −5 to −30; cap +14.2%; Between buffer and cap. Data to Oct 28, 2026.25 pts of buffer+13% more to the cap−30.0% floor−5.0% buffer start0% period start+14.2% capfirst 5 pts are yours to lose+1.2% gain capturedTODAY · SPY +1.2%Between buffer and capDOCT: reference +1.2% since period start, fund +0.5%; buffer −5 to −30; cap +14.2%; Between buffer and cap. Data to Oct 28, 2026.25 pts of buffer−30.0% floor−5.0% buffer start0% start+14.2% capfirst 5 pts are yours to lose+1.2% gain captured+13% more to the capTODAY · SPY +1.2%

DOCT: reference +1.2% since period start, fund +0.5%; buffer −5 to −30; cap +14.2%; Between buffer and cap. Data to Oct 28, 2026.

DOCT: reference +1.2% since period start, fund +0.5%; buffer −5 to −30; cap +14.2%; Between buffer and cap. Data to Oct 28, 2026.
PAUG Between buffer and cap
Between buffer and capPAUG: reference +3.3% since period start, fund +2.4%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Oct 28, 2026.15 pts of buffer+3.3%+10.5% to cap−15.0% floor0% period start+13.8% capTODAY · SPY +3.3%Between buffer and capPAUG: reference +3.3% since period start, fund +2.4%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Oct 28, 2026.15 pts−15.0% floor0% start+13.8% cap+3.3% gain captured+10.5% more to the capTODAY · SPY +3.3%

PAUG: reference +3.3% since period start, fund +2.4%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Oct 28, 2026.

PAUG: reference +3.3% since period start, fund +2.4%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Oct 28, 2026.

Pair scorecard

PAUG costs 0.06 points a year less; their one-year returns differ by 0.5 points; PAUG is 2.4 times larger.

Points (pts) are percentage points.

DOCT vs PAUG: Cap, Buffer & Days Left
MeasureDOCTPAUG
Return
Total return, 1 year+10.1%+9.6%
Drawdown
Index fall to the buffer6.1%3.2%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.79%
Net assets, as of Oct 27, 2026$421m$1.0bn
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PAUG scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score72.1DOCT86.1PAUG

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

0.2, the lowest in this set 99.8, 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 →

Method

Window by window

Window by window: DOCT vs PAUG: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDOCTPAUGDOCTPAUG
3 months+4.3%+2.4%−1.5 pts−3.5 pts
6 months+6.8%+5.6%−1.7 pts−2.9 pts
1 year+10.1%+9.6%−2.3 pts−2.8 pts
3 years+44.1%+54.9%−44.0 pts−33.1 pts
Since launchNot the same days: DOCT Aug 2020 · PAUG Aug 2019+285.9%+90.4%+157.4 pts−71.5 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

DOCT FT Vest U.S. Equity Deep Buffer ETF - October · Absorbs losses from 5.0% to 30.0% on SPY and caps the gain at 14.2%, over a period ending Oct 15, 2027 PAUG Innovator U.S. Equity Power Buffer ETF - Aug · Absorbs the first 15% of loss on SPY and caps the gain at 13.8%, over a period ending Jul 31, 2027
Reference index SPY SPY
Buffer 5% to 30% 15%
Outcome period Oct 19, 2026 to Oct 15, 2027 Jul 31, 2026 to Jul 31, 2027
Days left 352 276
Starting cap +14.2% +13.8%
Can still gain 12.7% 11.0%
Fall before buffer 6.3% 2.5%
Protection left, index points 25.0% of 25.0% 15.0% of 15.0%
Index return this period +1.2% +3.3%
Fund return this period +0.5% +2.4%
State today Open Open
Expense ratio 0.85% 0.79%
Net assets, DOCT as of Oct 27, 2026 and PAUG as of Oct 28, 2026 $421m $1.0bn

As of Oct 28, 2026. Source: ETFIQ.

They do not reset together. PAUG has 276 days of its period left and DOCT has 352, so the two are not the same bet on the same months.

Where each one stands today

PAUG resets first, on Jul 31, 2027, 276 days from now; DOCT runs to Oct 15, 2027, 352 days. DOCT can still gain 12.7% before its cap, PAUG 11.0%. A fall from here reaches DOCT’s buffer after 6.3% and PAUG’s after 2.5%. Both track SPY, so what separates them is where each is in its own period.

Client brief · page 1 of 2 Report BR-250F14C831

DOCT and PAUG are built for the same job. How do they differ in cost, holdings and results?

  1. Protection and cap. DOCT: Absorbs losses from 5.0% to 30.0% on SPY and caps the gain at 14.2%, over a period ending Oct 15, 2027. PAUG: Absorbs the first 15% of loss on SPY and caps the gain at 13.8%, over a period ending Jul 31, 2027. The starting caps are 0.4 points apart.
  2. Outcome period (similar). DOCT runs Oct 19, 2026 to Oct 15, 2027 with 352 days left; PAUG runs Jul 31, 2026 to Jul 31, 2027 with 276 days left.
  3. What each follows (similar). Both follow SPY.

Data as of Oct 28, 2026.

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About each fund
DOCT

From its price on Oct 28, 2026, the fund can gain about 12.7% more before it reaches its cap. The fund's price can fall 6.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 6.1% 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. 352 days remained on Oct 28, 2026. On Oct 15, 2027 the period ends and a new cap is set.

PAUG

From its price on Oct 28, 2026, the fund can gain about 11.0% more before it reaches its cap. The fund's price can fall 2.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 3.2% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 276 days remained on Oct 28, 2026. On Jul 31, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, DOCT or PAUG?
From their prices on Oct 28, 2026, DOCT can gain about 12.7% before its cap and PAUG about 11.0%, so DOCT has more room left this period.
Which resets first, DOCT or PAUG?
DOCT ends its outcome period on Oct 15, 2027 and PAUG on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, DOCT or PAUG?
DOCT charges 0.85% a year and PAUG charges 0.79%, so PAUG is cheaper. Fees come from each fund's prospectus.
Other comparisons
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Sources and dates

Links are sources, not endorsements. 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 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.

Cite this pageCitation, APA and Markdown

ETFIQ, DOCT against PAUG, data as of Oct 28, 2026. https://etfiq.com/compare/buffer/doct-vs-paug

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