Data as of .
OCTU vs TOCT: which one stands where?
As of Sep 21, 2026 OCTU can fall 11.2% before its buffer engages and TOCT 4.8%, and OCTU resets 364 days sooner.
These are two different products. TOCT is a floor fund, which caps how far a holder can fall. OCTU is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
They do not reset together. OCTU has 10 days of its period left and TOCT has 374, so the two are not the same bet on the same months.
Where each one stands today
OCTU resets first, on Sep 30, 2026, 10 days from now; TOCT runs to Sep 30, 2027, 374 days. A fall from here reaches OCTU’s buffer after 11.2% and TOCT’s after 4.8%. Both track SPY, 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
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| OCTU | TOCT | OCTU | TOCT | |
| 3 months | +1.1% | +0.7% | −1.2 pts | −1.5 pts |
| 6 months | +11.6% | +3.9% | −6.5 pts | −14.1 pts |
| 1 year | +10.7% | not published | −5.9 pts | not published |
| OCTU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Oct Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending Sep 30, 2026 | TOCT Innovator Equity Defined Protection ETF - Oct 2027 Absorbs the whole loss on SPY and caps the gain at 12.8%, over a period ending Sep 30, 2027 | |
|---|---|---|
| Issuer | AllianzIM | Innovator |
| Reference index | SPY | SPY |
| Buffer | 15% | 100% |
| Outcome period | Oct 1, 2025 to Sep 30, 2026 | Sep 30, 2025 to Sep 30, 2027 |
| Days left | 10 | 374 |
| Starting cap | uncapped | +12.8% |
| Can still gain | uncapped | 7.5% |
| Fall before buffer | 11.2% | 4.8% |
| Protection left, index points | 15.0% of 15.0% | 100.0% of 100.0% |
| Index return this period | +16.2% | +16.2% |
| Fund return this period | +11.7% | +4.2% |
| State today | Uncapped | At cap |
| Expense ratio | 0.74% | 0.79% |
| Net assets | $58m | $14m |
OCTU in plain words
This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 11.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 13.9% 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. 10 days remained on Sep 21, 2026. On Sep 30, 2026 the period ends and a new cap is set.
TOCT in plain words
SPY had already risen past this fund's cap of +12.8% for the period on Sep 21, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 7.5% as the period runs out. The fund's price can fall 4.8% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 374 days remained on Sep 21, 2026. On Sep 30, 2027 the period ends and a new cap is set.
Questions people ask
- Which resets first, OCTU or TOCT?
- OCTU ends its outcome period on Sep 30, 2026 and TOCT on Sep 30, 2027. A new cap is set the day after each.
- Which is cheaper, OCTU or TOCT?
- OCTU charges 0.74% a year and TOCT charges 0.79%, so OCTU is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, OCTU against TOCT, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/octu-vs-toct Free to use with attribution; the underlying files are at Open data.