Which has more room to gain, OCTP or QBSF?

From their prices on Nov 4, 2026, OCTP can gain about 15.1% before its cap and QBSF about 2.1%, so OCTP has more room left this period.

Which resets first, OCTP or QBSF?

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

Which is cheaper, OCTP or QBSF?

OCTP charges 0.50% a year and QBSF charges 0.64%, so OCTP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

OCTP vs QBSF: Cap, Buffer & Days Left

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As of Nov 4, 2026 OCTP can fall 1.1% before its buffer engages and QBSF 0.8%, and QBSF resets 273 days sooner.

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Net assets: $52m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - October, and $68m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 ETF - Jan.

OCTP on its own →QBSF on its own →

At a glance

1.1%

OCTP can fall this far before its buffer

0.8%

QBSF can fall this far before its buffer

15.1%

OCTP can still gain

2.1%

QBSF can still gain

OCTP Between buffer and cap

OCTP: reference +0.6% since period start, fund +0.6%; buffer 0 to −12; cap +16.3%; Between buffer and cap. Data to Nov 4, 2026.

QBSF Between buffer and cap

QBSF: reference +0.5% since period start, fund +0.6%; buffer 0 to −15; cap +2.9%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

OCTP costs 0.14 points a year less; their one-year returns differ by 6.1 points; QBSF is 1.3 times larger.

Points (pts) are percentage points.

OCTP vs QBSF: Cap, Buffer & Days Left
Measure	OCTP	QBSF
Return
Measure	OCTP	QBSF
Total return, 1 year	+13.0%	+6.9%
Drawdown
Measure	OCTP	QBSF
Index fall to the buffer	0.5%
Benchmark
Measure	OCTP	QBSF
What it tracks	SPY	SPY
Cost and size
Measure	OCTP	QBSF
Expense ratio	0.50%	0.64%
Net assets, as of Nov 3, 2026	$52m	$68m
Holdings
Measure	OCTP	QBSF
Holdings in common	not published

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

IQ Buffer Score57.5OCTP83.2QBSF

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

OCTP 57.5

QBSF 83.2

0.3, the lowest in this set 99.7, the highest

Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it →

Method

Window by window

Window by window: OCTP vs QBSF: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	OCTP	QBSF	OCTP	QBSF
3 months	+2.4%	+1.2%	+2.8 pts	+1.6 pts
6 months	+6.2%	+3.2%	+1.7 pts	−1.3 pts
1 year	+13.0%	+6.9%	−0.6 pts	−6.6 pts
Since launchNot the same days: OCTP May 2024 · QBSF Jul 2025	+34.7%	+10.1%	−10.1 pts	−14.0 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

OCTP PGIM S&P 500 Buffer 12 ETF - October · Absorbs the first 12% of loss on SPY and caps the gain at 16.3%, over a period ending Sep 30, 2027 QBSF AllianzIM U.S. Equity Buffer15 ETF - Jan · Absorbs the first 15% of loss on SPY and caps the gain at 2.9%, over a period ending Dec 31, 2026

Issuer PGIM AllianzIM

Reference index SPY SPY

Buffer 12% 15%

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

Days left 330 57

Starting cap +16.3% +2.9%

Can still gain 15.1% 2.1%

Fall before buffer 1.1% 0.8%

Protection left, index points 12.0% of 12.0% 15.0% of 15.0%

Index return this period +0.6% +0.5%

Fund return this period +0.6% +0.6%

State today Open Open

Expense ratio 0.50% 0.64%

Net assets, OCTP as of Nov 4, 2026 and QBSF as of Nov 3, 2026 $52m $68m

As of Nov 4, 2026. Source: ETFIQ.

They do not reset together. QBSF has 57 days of its period left and OCTP has 330, so the two are not the same bet on the same months.

Where each one stands today

QBSF resets first, on Dec 31, 2026, 57 days from now; OCTP runs to Sep 30, 2027, 330 days. OCTP can still gain 15.1% before its cap, QBSF 2.1%. A fall from here reaches OCTP’s buffer after 1.1% and QBSF’s after 0.8%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

OCTP

From its price on Nov 4, 2026, the fund can gain about 15.1% more before it reaches its cap. The fund's price can fall 1.1% 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: 12.0% of the 12.0% 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.

QBSF

From its price on Nov 4, 2026, the fund can gain about 2.1% more before it reaches its cap. The fund's price can fall 0.8% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, OCTP or QBSF?: From their prices on Nov 4, 2026, OCTP can gain about 15.1% before its cap and QBSF about 2.1%, so OCTP has more room left this period.
Which resets first, OCTP or QBSF?: OCTP ends its outcome period on Sep 30, 2027 and QBSF on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, OCTP or QBSF?: OCTP charges 0.50% a year and QBSF charges 0.64%, so OCTP is cheaper. Fees come from each fund's prospectus.

Other comparisons

OCTP vs ZALT OCTP vs POCT OCTP vs BALT OCTP vs AOCT QBSF vs JANT QBSF vs JANP QBSF vs XBOC QBSF vs OCTU

Where to next

SPDR S&P 500 ETF Trust →OCTP on its own →QBSF on its own →Method →Standards and sources →

Sources and dates

OCTP filings on SEC EDGAR ↗

PGIM website ↗

QBSF filings on SEC EDGAR ↗

AllianzIM page for QBSF ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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, OCTP against QBSF, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/octp-vs-qbsf

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.