Which has more room to gain, IOCT or QBIV?

From their prices on Oct 1, 2026, IOCT can gain about 19.2% before its cap and QBIV about 5.8%, so IOCT has more room left this period.

Which resets first, IOCT or QBIV?

IOCT ends its outcome period on Sep 30, 2027 and QBIV on Dec 31, 2026. A new cap is set the day after each.

Which is cheaper, IOCT or QBIV?

IOCT charges 0.85% a year and QBIV charges 0.74%, so QBIV is cheaper. Fees come from each fund's prospectus.

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IOCT vs QBIV: which one stands where?

As of Oct 1, 2026 QBIV can fall 0.2% before its buffer engages and IOCT 0.0%, and QBIV resets 273 days sooner. Innovator Intl Developed Power Buffer ETF - Oct and AllianzIM International Equity Buffer5 ETF - Jan.

0.0%

IOCT can fall this far before its buffer

0.2%

QBIV can fall this far before its buffer

19.2%

IOCT can still gain

5.8%

QBIV can still gain

IOCTBetween buffer and cap

IOCT: reference 0.0% since period start, fund 0.0%; buffer 0 to −15; cap +19.2%; Between buffer and cap.

QBIVBetween buffer and cap

QBIV: reference 0.0% since period start, fund 0.0%; buffer 0 to −5; cap +6.0%; Between buffer and cap.

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

IOCT 83.8

QBIV 1.5

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 →

They do not reset together. QBIV has 92 days of its period left and IOCT has 365, so the two are not the same bet on the same months.

Where each one stands today

QBIV resets first, on Dec 31, 2026, 92 days from now; IOCT runs to Sep 30, 2027, 365 days. IOCT can still gain 19.2% before its cap, QBIV 5.8%. A fall from here reaches IOCT’s buffer after 0.0% and QBIV’s after 0.2%. Both track EFA, 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	IOCT	QBIV	IOCT	QBIV
3 months	+2.3%	0.0%	+1.5 pts	−0.8 pts
6 months	+6.7%	+5.1%	−0.3 pts	−1.9 pts
1 year	+10.5%	not published	−4.5 pts	not published
3 years	+43.9%	not published	−21.8 pts	not published

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

On the same fields

IOCT

Innovator Intl Developed Power Buffer ETF - Oct · Absorbs the first 15% of loss on EFA and caps the gain at 19.2%, over a period ending Sep 30, 2027

QBIV

AllianzIM International Equity Buffer5 ETF - Jan · Absorbs the first 5% of loss on EFA and caps the gain at 6.0%, over a period ending Dec 31, 2026

Issuer Innovator AllianzIM

Reference index EFA EFA

Buffer 15% 5%

Outcome period Sep 30, 2026 to Sep 30, 2027 Oct 1, 2026 to Dec 31, 2026

Days left 365 92

Starting cap +19.2% +6.0%

Can still gain 19.2% 5.8%

Fall before buffer 0.0% 0.2%

Protection left, index points 15.0% of 15.0% 5.0% of 5.0%

Index return this period 0.0% 0.0%

Fund return this period 0.0% 0.0%

State today Open Open

Expense ratio 0.85% 0.74%

Net assets $168m $8m

IOCT and QBIV on the same fields, as of Oct 1, 2026. Source: ETFIQ.

IOCT in plain words

From its price on Oct 1, 2026, the fund can gain about 19.2% more before it reaches its cap. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's EFA level. 365 days remained on Oct 1, 2026. On Sep 30, 2027 the period ends and a new cap is set.

QBIV in plain words

From its price on Oct 1, 2026, the fund can gain about 5.8% more before it reaches its cap. The fund's price can fall 0.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, EFA can fall 0.0% from today's level to the point where the buffer begins. Protection left, in index points: 5.0% of the 5.0% buffer still sits below today's EFA level. 92 days remained on Oct 1, 2026. On Dec 31, 2026 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, IOCT or QBIV?: From their prices on Oct 1, 2026, IOCT can gain about 19.2% before its cap and QBIV about 5.8%, so IOCT has more room left this period.
Which resets first, IOCT or QBIV?: IOCT ends its outcome period on Sep 30, 2027 and QBIV on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, IOCT or QBIV?: IOCT charges 0.85% a year and QBIV charges 0.74%, so QBIV is cheaper. Fees come from each fund's prospectus.

Other comparisons

IOCT vs OCTI IOCT vs YSEP IOCT vs IBUF IOCT vs QBIF QBIV vs IJAN QBIV vs JANI QBIV vs YDEC QBIV vs QBIF

EFA →IOCT on its own →QBIV on its own →How every figure is computed →Standards and sources →

Where these figures came from

IOCT filings on SEC EDGAR ↗Innovator page for IOCT ↗QBIV filings on SEC EDGAR ↗AllianzIM page for QBIV ↗

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, IOCT against QBIV, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/ioct-vs-qbiv

Open data

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