Which has more room to gain, EOCT or TSEP?

From their prices on Oct 1, 2026, EOCT can gain about 23.2% before its cap and TSEP about 27.3%, so TSEP has more room left this period.

Which resets first, EOCT or TSEP?

EOCT ends its outcome period on Sep 30, 2027 and TSEP on Sep 17, 2027. A new cap is set the day after each.

Which is cheaper, EOCT or TSEP?

EOCT charges 0.89% a year and TSEP charges 0.95%, so EOCT is cheaper. Fees come from each fund's prospectus.

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EOCT vs TSEP: which one stands where?

As of Oct 1, 2026 TSEP can fall 0.6% before its buffer engages and EOCT 0.0%, and TSEP resets 13 days sooner. Innovator Emerging Markets Power Buffer ETF - Oct and FT Vest Emerging Markets Buffer ETF - September.

0.0%

EOCT can fall this far before its buffer

0.6%

TSEP can fall this far before its buffer

23.2%

EOCT can still gain

27.3%

TSEP can still gain

EOCTBetween buffer and cap

EOCT: reference 0.0% since period start, fund 0.0%; buffer 0 to −15; cap +23.2%; Between buffer and cap.

TSEPBuffer working

TSEP: reference −0.4% since period start, fund −0.4%; buffer 0 to −10; cap +27.7%; Buffer working.

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

EOCT 83.8

TSEP 24.1

0.2, the lowest in this set99.8, the highest

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

TSEP resets first, on Sep 17, 2027, 352 days from now; EOCT runs to Sep 30, 2027, 365 days. EOCT can still gain 23.2% before its cap, TSEP 27.3%. A fall from here reaches EOCT’s buffer after 0.0% and TSEP’s after 0.6%. Both track EEM, 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	EOCT	TSEP	EOCT	TSEP
3 months	+4.1%	+3.8%	+3.6 pts	+3.3 pts
6 months	+10.1%	+10.8%	−7.2 pts	−6.4 pts
1 year	+13.8%	+15.7%	−13.7 pts	−11.8 pts
3 years	+57.6%	not published	−31.4 pts	not published

EOCT and TSEP over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

EOCT

Innovator Emerging Markets Power Buffer ETF - Oct · Absorbs the first 15% of loss on EEM and caps the gain at 23.2%, over a period ending Sep 30, 2027

TSEP

FT Vest Emerging Markets Buffer ETF - September · Absorbs the first 10% of loss on EEM and caps the gain at 27.7%, over a period ending Sep 17, 2027

Issuer Innovator First Trust

Reference index EEM EEM

Buffer 15% 10%

Outcome period Sep 30, 2026 to Sep 30, 2027 Sep 21, 2026 to Sep 17, 2027

Days left 365 352

Starting cap +23.2% +27.7%

Can still gain 23.2% 27.3%

Fall before buffer 0.0% 0.6%

Protection left, index points 15.0% of 15.0% 9.6% of 10.0%

Index return this period 0.0% −0.4%

Fund return this period 0.0% −0.4%

State today Open Buffer working

Expense ratio 0.89% 0.95%

Net assets $109m $17m

EOCT and TSEP on the same fields, as of Oct 1, 2026. Source: ETFIQ.

EOCT in plain words

From its price on Oct 1, 2026, the fund can gain about 23.2% more before it reaches its cap. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's EEM level. 365 days remained on Oct 1, 2026. On Sep 30, 2027 the period ends and a new cap is set.

TSEP in plain words

From its price on Oct 1, 2026, the fund can gain about 27.3% more before it reaches its cap. The fund's price can fall 0.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, EEM can fall 0.0% from today's level to the point where the buffer begins. Protection left, in index points: 9.6% of the 10.0% buffer still sits below today's EEM level. 352 days remained on Oct 1, 2026. On Sep 17, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, EOCT or TSEP?: From their prices on Oct 1, 2026, EOCT can gain about 23.2% before its cap and TSEP about 27.3%, so TSEP has more room left this period.
Which resets first, EOCT or TSEP?: EOCT ends its outcome period on Sep 30, 2027 and TSEP on Sep 17, 2027. A new cap is set the day after each.
Which is cheaper, EOCT or TSEP?: EOCT charges 0.89% a year and TSEP charges 0.95%, so EOCT is cheaper. Fees come from each fund's prospectus.

Other comparisons

EOCT vs EBUF TSEP vs EBUF

EEM →EOCT on its own →TSEP on its own →How every figure is computed →Standards and sources →

Where these figures came from

EOCT filings on SEC EDGAR ↗Innovator page for EOCT ↗TSEP filings on SEC EDGAR ↗First Trust page for TSEP ↗

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, EOCT against TSEP, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/eoct-vs-tsep

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.