Data as of Nov 4, 2026.

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Buffer ETFs

GOCT vs NVBU: Cap, Buffer & Days Left

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As of Nov 4, 2026 NVBU can fall 1.7% before its buffer engages and GOCT 1.3%, and GOCT resets 16 days sooner.

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Net assets on Nov 3, 2026: $453m for FT Vest U.S. Equity Moderate Buffer ETF - October and $34m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Nov.

At a glance
1.3%
GOCT can fall this far before its buffer
1.7%
NVBU can fall this far before its buffer
12.7%
GOCT can still gain
uncapped
NVBU can still gain
GOCT Between buffer and cap
Between buffer and capGOCT: reference +0.5% since period start, fund +0.5%; buffer 0 to −15; cap +14.1%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+13.6% more to the cap−15.0% floor0% period start+14.1% cap+0.5% gain capturedTODAY · SPY +0.5%Between buffer and capGOCT: reference +0.5% since period start, fund +0.5%; buffer 0 to −15; cap +14.1%; Between buffer and cap. Data to Nov 4, 2026.15 pts+13.6% to cap−15.0% floor0% start+14.1% cap+0.5% gain capturedTODAY · SPY +0.5%

GOCT: reference +0.5% since period start, fund +0.5%; buffer 0 to −15; cap +14.1%; Between buffer and cap. Data to Nov 4, 2026.

GOCT: reference +0.5% since period start, fund +0.5%; buffer 0 to −15; cap +14.1%; Between buffer and cap. Data to Nov 4, 2026.
NVBU No cap
No capNVBU: reference +1.5% since period start, fund +0.9%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts of buffer−15.0% floor0% period startno cap+1.5% gained, no capTODAY · SPY +1.5%No capNVBU: reference +1.5% since period start, fund +0.9%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts−15.0% floor0% startno cap+1.5% gained, no capTODAY · SPY +1.5%

NVBU: reference +1.5% since period start, fund +0.9%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

NVBU costs 0.11 points a year less; their one-year returns differ by 3.5 points; GOCT is 13.3 times larger.

Points (pts) are percentage points.

GOCT vs NVBU: Cap, Buffer & Days Left
MeasureGOCTNVBU
Return
Total return, 1 year+11.2%+7.7%
Drawdown
Index fall to the buffer0.5%1.4%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.74%
Net assets, as of Nov 3, 2026$453m$34m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · GOCT and NVBU score the same If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score83.2GOCT83.2NVBU

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

0.3, the lowest in this set 99.7, the highest

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: GOCT vs NVBU: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowGOCTNVBUGOCTNVBU
3 months+2.3%−1.9%+2.7 pts−1.5 pts
6 months+5.4%+1.6%+1.0 pts−2.9 pts
1 year+11.2%+7.7%−2.4 pts−5.9 pts
3 years+39.4%–−37.0 pts–
Since launchNot the same days: GOCT Oct 2023 · NVBU Nov 2024+42.2%+23.4%−40.2 pts−10.9 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

GOCT FT Vest U.S. Equity Moderate Buffer ETF - October · Absorbs the first 15% of loss on SPY and caps the gain at 14.1%, over a period ending Oct 15, 2027 NVBU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Nov · Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending Oct 31, 2027
Reference index SPY SPY
Buffer 15% 15%
Outcome period Oct 19, 2026 to Oct 15, 2027 Nov 1, 2026 to Oct 31, 2027
Days left 345 361
Starting cap +14.1% uncapped
Can still gain 12.7% uncapped
Fall before buffer 1.3% 1.7%
Protection left, index points 15.0% of 15.0% 15.0% of 15.0%
Index return this period +0.5% +1.5%
Fund return this period +0.5% +0.9%
State today Open Uncapped
Expense ratio 0.85% 0.74%
Net assets, as of Nov 3, 2026 $453m $34m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

GOCT resets first, on Oct 15, 2027, 345 days from now; NVBU runs to Oct 31, 2027, 361 days. A fall from here reaches GOCT’s buffer after 1.3% and NVBU’s after 1.7%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
GOCT

From its price on Nov 4, 2026, the fund can gain about 12.7% more before it reaches its cap. The fund's price can fall 1.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.5% 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. 345 days remained on Nov 4, 2026. On Oct 15, 2027 the period ends and a new cap is set.

NVBU

This fund has no cap. It takes a share of any further rise in SPY. 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. 361 days remained on Nov 4, 2026. On Oct 31, 2027 the period ends and new terms are set.

Questions people ask

Which resets first, GOCT or NVBU?
GOCT ends its outcome period on Oct 15, 2027 and NVBU on Oct 31, 2027. New terms are set the day after each.
Which is cheaper, GOCT or NVBU?
GOCT charges 0.85% a year and NVBU charges 0.74%, so NVBU 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.

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ETFIQ, GOCT against NVBU, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/goct-vs-nvbu

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