Data as of Nov 4, 2026.

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Buffer ETFs

GOCT vs OCTM: Cap, Buffer & Days Left

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As of Nov 4, 2026 GOCT can fall 1.3% before its buffer engages and OCTM 1.2%.

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Net assets on Nov 3, 2026: $453m for FT Vest U.S. Equity Moderate Buffer ETF - October and $42m for FT Vest U.S. Equity Max Buffer ETF - October.

At a glance
1.3%
GOCT can fall this far before its buffer
1.2%
OCTM can fall this far before its buffer
12.7%
GOCT can still gain
7.0%
OCTM 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−15.0% floor0% start+14.1% cap+0.5% gain captured+13.6% more to the capTODAY · 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.
OCTM Full floor
Full floorOCTM: reference +0.5% since period start, fund +0.4%; buffer Floor; cap +8.3%; Full floor. Data to Nov 4, 2026.full floor beneath+7.8% to capfull floor0% period start+8.3% cap+0.5% gain capturedTODAY · SPY +0.5%Full floorOCTM: reference +0.5% since period start, fund +0.4%; buffer Floor; cap +8.3%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+8.3% cap+0.5% gain captured+7.8% more to the capTODAY · SPY +0.5%

OCTM: reference +0.5% since period start, fund +0.4%; buffer Floor; cap +8.3%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.85% a year; their one-year returns differ by 4.9 points; GOCT is 10.8 times larger.

Points (pts) are percentage points.

GOCT vs OCTM: Cap, Buffer & Days Left
MeasureGOCTOCTM
Return
Total return, 1 year+11.2%+6.3%
Drawdown
Index fall to the buffer0.5%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.85%
Net assets, as of Nov 3, 2026$453m$42m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: GOCT vs OCTM: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowGOCTOCTMGOCTOCTM
3 months+2.3%+1.6%+2.7 pts+1.9 pts
6 months+5.4%+3.1%+1.0 pts−1.4 pts
1 year+11.2%+6.3%−2.4 pts−7.3 pts
3 years+39.4%–−37.0 pts–
Since launchNot the same days: GOCT Oct 2023 · OCTM Oct 2024+42.2%+13.2%−40.2 pts−18.1 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 OCTM FT Vest U.S. Equity Max Buffer ETF - October · Absorbs the whole loss on SPY and caps the gain at 8.3%, over a period ending Oct 15, 2027
Reference index SPY SPY
Buffer 15% 100%
Outcome period Oct 19, 2026 to Oct 15, 2027 Oct 19, 2026 to Oct 15, 2027
Days left 345 345
Starting cap +14.1% +8.3%
Can still gain 12.7% 7.0%
Fall before buffer 1.3% 1.2%
Protection left, index points 15.0% of 15.0% 100.0% of 100.0%
Index return this period +0.5% +0.5%
Fund return this period +0.5% +0.4%
State today Open Open
Expense ratio 0.85% 0.85%
Net assets, as of Nov 3, 2026 $453m $42m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. OCTM is a floor fund, which caps how far a holder can fall. GOCT is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Both are First Trust funds, so the difference between them is the terms rather than the house.

Where each one stands today

GOCT resets first, on Oct 15, 2027, 345 days from now; OCTM runs to Oct 15, 2027, 345 days. GOCT can still gain 12.7% before its cap, OCTM 7.0%. A fall from here reaches GOCT’s buffer after 1.3% and OCTM’s after 1.2%. 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.

OCTM

From its price on Nov 4, 2026, the fund can gain about 7.0% more before it reaches its cap. The fund's price can fall 1.2% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, GOCT or OCTM?
From their prices on Nov 4, 2026, GOCT can gain about 12.7% before its cap and OCTM about 7.0%, so GOCT has more room left this period.
Which resets first, GOCT or OCTM?
GOCT ends its outcome period on Oct 15, 2027 and OCTM on Oct 15, 2027. A new cap is set the day after each.
Which is cheaper, GOCT or OCTM?
GOCT and OCTM both charge 0.85% a year, so neither is cheaper. Fees come from each fund's prospectus.
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Sources and dates

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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 OCTM, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/goct-vs-octm

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