Data as of Nov 4, 2026.
GSEP vs XBOC: Cap, Buffer & Days Left
As of Nov 4, 2026 GSEP can fall 1.7% before its buffer engages and XBOC 0.9%, and GSEP resets 13 days sooner.
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Net assets: $366m on Nov 3, 2026 for FT Vest U.S. Equity Moderate Buffer ETF - September, and $60m on Nov 4, 2026 for Innovator U.S. Equity Accelerated 9 Buffer ETF - Oct.
GSEP: reference +0.7% since period start, fund +0.8%; buffer 0 to −15; cap +14.1%; Between buffer and cap. Data to Nov 4, 2026.
GSEP: reference +0.7% since period start, fund +0.8%; buffer 0 to −15; cap +14.1%; Between buffer and cap. Data to Nov 4, 2026.XBOC: reference +0.5% since period start, fund +0.8%; buffer 0 to −9; cap +13.7%; Between buffer and cap. Data to Nov 4, 2026.
XBOC: reference +0.5% since period start, fund +0.8%; buffer 0 to −9; cap +13.7%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
XBOC costs 0.06 points a year less; their one-year returns differ by 0.5 points; GSEP is 6.2 times larger.
Points (pts) are percentage points.
| Measure | GSEP | XBOC |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.9% | +11.4% |
| Drawdown | ||
| Index fall to the buffer | 0.6% | 0.5% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.79% |
| Net assets, as of Nov 3, 2026 | $366m | $59m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | GSEP | XBOC | GSEP | XBOC |
| 3 months | +1.9% | +1.8% | +2.3 pts | +2.2 pts |
| 6 months | +4.9% | +4.9% | +0.4 pts | +0.4 pts |
| 1 year | +10.9% | +11.4% | −2.7 pts | −2.1 pts |
| 3 years | +41.6% | +37.8% | −34.8 pts | −38.6 pts |
| Since launchNot the same days: GSEP Sep 2023 · XBOC Oct 2021 | +40.3% | +51.6% | −32.6 pts | −25.0 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.
These are two different products. XBOC is a floor fund, which caps how far a holder can fall. GSEP is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
Where each one stands today
GSEP resets first, on Sep 17, 2027, 317 days from now; XBOC runs to Sep 30, 2027, 330 days. GSEP can still gain 12.3% before its cap, XBOC 12.7%. A fall from here reaches GSEP’s buffer after 1.7% and XBOC’s after 0.9%. Both track SPY, so what separates them is where each is in its own period.
GSEP
From its price on Nov 4, 2026, the fund can gain about 12.3% more before it reaches its cap. 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 0.6% 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. 317 days remained on Nov 4, 2026. On Sep 17, 2027 the period ends and a new cap is set.
XBOC
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 0.9% 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: 9.0% of the 9.0% buffer still sits below today's SPY level. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and a new cap is set.
Questions people ask
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, GSEP against XBOC, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/gsep-vs-xboc
ETFIQ. (Nov 4, 2026). GSEP against XBOC. Retrieved from https://etfiq.com/compare/buffer/gsep-vs-xboc
[GSEP against XBOC (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/gsep-vs-xboc)
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