Data as of Nov 4, 2026.
GOCT vs NVBW: Cap, Buffer & Days Left
As of Nov 4, 2026 NVBW can fall 1.4% 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 $101m for AllianzIM U.S. Equity Buffer20 ETF - Nov.
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.NVBW: reference +1.5% since period start, fund +0.7%; buffer 0 to −20; cap +12.7%; Between buffer and cap. Data to Nov 4, 2026.
NVBW: reference +1.5% since period start, fund +0.7%; buffer 0 to −20; cap +12.7%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
NVBW costs 0.11 points a year less; both returned +11.2% over a year; GOCT is 4.5 times larger.
Points (pts) are percentage points.
| Measure | GOCT | NVBW |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.2% | +11.2% |
| Drawdown | ||
| Index fall to the buffer | 0.5% | 1.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.74% |
| Net assets, as of Nov 3, 2026 | $453m | $101m |
| 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 3, 2023 to Oct 30, 2026 · 156 weekly returns · each against SPYFrom Nov 2023 to Oct 2026, GOCT returned slightly more: +38.3% to +34.8%. NVBW swung less: 5.2% to 6.4%. NVBW fell less at its worst: −7.3% to −9.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GOCT | NVBW | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +38.3% | +34.8% | GOCT (slight) | Price change plus distributions, reinvested. | |
| Annualized | +11.4% | +10.5% | GOCT (slight) | Total return as a yearly rate. | |
| Price return | +38.3% | +34.8% | GOCT (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 6.4% | 5.2% | NVBW | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 4.2% | 3.4% | NVBW | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −9.3% | −7.3% | NVBW | Deepest fall from a high to the low after it. | |
| Upside capture | 33.6% | 27.2% | 100.0% | GOCT | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 43.2% | 33.0% | 100.0% | NVBW | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.43 | 0.35 | 1.00 | NVBW lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.86 | 0.84 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.03 | 1.08 | NVBW (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.55 | 1.64 | NVBW (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.154 | 0.163 | 0.162 | NVBW (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 1.23 | 1.43 | NVBW | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | −0.3% a year | +0.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.23 | 0.04 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.1% to +2.5% | −2.3% to +2.4% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −1.16 | −1.13 | Tie | Return against its benchmark per unit of tracking error. | |
| Tracking error | 8.3% | 9.3% | 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, 156 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | GOCT | NVBW | GOCT | NVBW |
| 3 months | +2.3% | +2.7% | +2.7 pts | +3.1 pts |
| 6 months | +5.4% | +5.8% | +1.0 pts | +1.3 pts |
| 1 year | +11.2% | +11.2% | −2.4 pts | −2.4 pts |
| 3 years | +39.4% | +35.7% | −37.0 pts | −40.7 pts |
| Since launchNot the same days: GOCT Oct 2023 · NVBW Nov 2022 | +42.2% | +48.2% | −40.2 pts | −51.2 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
GOCT resets first, on Oct 15, 2027, 345 days from now; NVBW runs to Oct 31, 2027, 361 days. GOCT can still gain 12.7% before its cap, NVBW 11.2%. A fall from here reaches GOCT’s buffer after 1.3% and NVBW’s after 1.4%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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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.
NVBW
From its price on Nov 4, 2026, the fund can gain about 11.2% more before it reaches its cap. The fund's price can fall 1.4% 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: 20.0% of the 20.0% 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, GOCT against NVBW, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/goct-vs-nvbw
ETFIQ. (Nov 4, 2026). GOCT against NVBW. Retrieved from https://etfiq.com/compare/buffer/goct-vs-nvbw
[GOCT against NVBW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/goct-vs-nvbw)
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