Data as of Nov 4, 2026.
NVBW vs XOCT: Cap, Buffer & Days Left
As of Nov 4, 2026 NVBW can fall 1.4% before its buffer engages and XOCT 1.3%, and XOCT resets 16 days sooner.
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Net assets on Nov 3, 2026: $101m for AllianzIM U.S. Equity Buffer20 ETF - Nov and $38m for FT Vest U.S. Equity Enhance & Moderate 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.XOCT: reference +0.5% since period start, fund +0.5%; buffer 0 to −15; cap +11.5%; Between buffer and cap. Data to Nov 4, 2026.
XOCT: reference +0.5% since period start, fund +0.5%; buffer 0 to −15; cap +11.5%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
NVBW costs 0.11 points a year less; their one-year returns differ by 1.7 points; NVBW is 2.7 times larger.
Points (pts) are percentage points.
| Measure | NVBW | XOCT |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.2% | +9.5% |
| 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 | $38m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | NVBW | XOCT | NVBW | XOCT |
| 3 months | +2.7% | +1.9% | +3.1 pts | +2.3 pts |
| 6 months | +5.8% | +4.4% | +1.3 pts | −0.1 pts |
| 1 year | +11.2% | +9.5% | −2.4 pts | −4.0 pts |
| 3 years | +35.7% | +31.7% | −40.7 pts | −44.7 pts |
| Since launchNot the same days: NVBW Nov 2022 · XOCT Oct 2023 | +48.2% | +34.4% | −51.2 pts | −47.9 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. XOCT 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
XOCT 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, XOCT 10.1%. A fall from here reaches NVBW’s buffer after 1.4% and XOCT’s after 1.3%. 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.
XOCT
From its price on Nov 4, 2026, the fund can gain about 10.1% 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.
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, NVBW against XOCT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/nvbw-vs-xoct
ETFIQ. (Nov 4, 2026). NVBW against XOCT. Retrieved from https://etfiq.com/compare/buffer/nvbw-vs-xoct
[NVBW against XOCT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/nvbw-vs-xoct)
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