Data as of Nov 4, 2026.
NVBT vs OCTM: Cap, Buffer & Days Left
As of Nov 4, 2026 NVBT can fall 1.7% before its buffer engages and OCTM 1.2%, and OCTM resets 16 days sooner.
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Net assets on Nov 3, 2026: $28m for AllianzIM U.S. Equity Buffer10 ETF - Nov and $42m for FT Vest U.S. Equity Max Buffer ETF - October.
NVBT: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +18.0%; Between buffer and cap. Data to Nov 4, 2026.
NVBT: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +18.0%; Between buffer and cap. Data to Nov 4, 2026.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
NVBT costs 0.11 points a year less; their one-year returns differ by 5.7 points; OCTM is 1.5 times larger.
Points (pts) are percentage points.
| Measure | NVBT | OCTM |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.0% | +6.3% |
| Drawdown | ||
| Index fall to the buffer | 1.4% | 0.5% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.85% |
| Net assets, as of Nov 3, 2026 | $28m | $42m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | NVBT | OCTM | NVBT | OCTM |
| 3 months | +0.4% | +1.6% | +0.8 pts | +1.9 pts |
| 6 months | +4.5% | +3.1% | 0.0 pts | −1.4 pts |
| 1 year | +12.0% | +6.3% | −1.6 pts | −7.3 pts |
| 3 years | +47.3% | – | −29.1 pts | – |
| Since launchNot the same days: NVBT Nov 2022 · OCTM Oct 2024 | +62.6% | +13.2% | −36.8 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
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. NVBT 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
OCTM resets first, on Oct 15, 2027, 345 days from now; NVBT runs to Oct 31, 2027, 361 days. NVBT can still gain 16.1% before its cap, OCTM 7.0%. A fall from here reaches NVBT’s buffer after 1.7% and OCTM’s after 1.2%. Both track SPY, so what separates them is where each is in its own period.
NVBT
From its price on Nov 4, 2026, the fund can gain about 16.1% 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 1.4% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% 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.
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. In index terms, SPY can fall 0.5% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% 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.
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, NVBT against OCTM, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/nvbt-vs-octm
ETFIQ. (Nov 4, 2026). NVBT against OCTM. Retrieved from https://etfiq.com/compare/buffer/nvbt-vs-octm
[NVBT against OCTM (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/nvbt-vs-octm)
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