Data as of Nov 4, 2026.
NVBW vs OCTM: Cap, Buffer & Days Left
As of Nov 4, 2026 NVBW can fall 1.4% before its buffer engages and OCTM 1.2%, and OCTM resets 16 days sooner.
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Net assets on Nov 3, 2026: $101m for AllianzIM U.S. Equity Buffer20 ETF - Nov and $42m for FT Vest U.S. Equity Max Buffer ETF - October.
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.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
NVBW costs 0.11 points a year less; their one-year returns differ by 4.9 points; NVBW is 2.4 times larger.
Points (pts) are percentage points.
| Measure | NVBW | OCTM |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.2% | +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 | $101m | $42m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | NVBW | OCTM | NVBW | OCTM |
| 3 months | +2.7% | +1.6% | +3.1 pts | +1.9 pts |
| 6 months | +5.8% | +3.1% | +1.3 pts | −1.4 pts |
| 1 year | +11.2% | +6.3% | −2.4 pts | −7.3 pts |
| 3 years | +35.7% | – | −40.7 pts | – |
| Since launchNot the same days: NVBW Nov 2022 · OCTM Oct 2024 | +48.2% | +13.2% | −51.2 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
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. NVBW 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; NVBW runs to Oct 31, 2027, 361 days. NVBW can still gain 11.2% before its cap, OCTM 7.0%. A fall from here reaches NVBW’s buffer after 1.4% and OCTM’s after 1.2%. Both track SPY, so what separates them is where each is in its own period.
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.
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.
Cite this pageCitation, APA and Markdown
ETFIQ, NVBW against OCTM, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/nvbw-vs-octm
ETFIQ. (Nov 4, 2026). NVBW against OCTM. Retrieved from https://etfiq.com/compare/buffer/nvbw-vs-octm
[NVBW against OCTM (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/nvbw-vs-octm)
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