Data as of Nov 4, 2026.
OCTU vs ZOCT: Cap, Buffer & Days Left
As of Nov 4, 2026 OCTU can fall 1.0% before its buffer engages and ZOCT 0.8%.
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Net assets: $60m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Oct, and $227m on Nov 4, 2026 for Innovator Equity Defined Protection ETF - 1 Yr October.
OCTU: reference +0.5% since period start, fund +0.3%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.
OCTU: reference +0.5% since period start, fund +0.3%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.ZOCT: reference +0.5% since period start, fund +0.8%; buffer Floor; cap +9.4%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
OCTU costs 0.05 points a year less; their one-year returns differ by 2.9 points; ZOCT is 3.8 times larger.
Points (pts) are percentage points.
| Measure | OCTU | ZOCT |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.1% | +6.2% |
| Drawdown | ||
| Index fall to the buffer | 0.5% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.79% |
| Net assets, as of Nov 3, 2026 | $60m | $225m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | OCTU | ZOCT | OCTU | ZOCT |
| 3 months | −1.1% | +1.7% | −0.7 pts | +2.1 pts |
| 6 months | +2.8% | +3.4% | −1.7 pts | −1.1 pts |
| 1 year | +9.1% | +6.2% | −4.5 pts | −7.3 pts |
| Since launchOCTU Oct 2024 · ZOCT Oct 2024 | +24.2% | +12.8% | −10.7 pts | −22.0 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
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. ZOCT 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.
Where each one stands today
OCTU resets first, on Sep 30, 2027, 330 days from now; ZOCT runs to Sep 30, 2027, 330 days. A fall from here reaches OCTU’s buffer after 1.0% and ZOCT’s after 0.8%. Both track SPY, so what separates them is where each is in its own period.
OCTU
This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 1.0% 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. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and new terms are set.
ZOCT
From its price on Nov 4, 2026, the fund can gain about 8.5% 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: 100.0% of the 100.0% buffer still sits below today's SPY level. On Sep 30, 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, OCTU against ZOCT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/octu-vs-zoct
ETFIQ. (Nov 4, 2026). OCTU against ZOCT. Retrieved from https://etfiq.com/compare/buffer/octu-vs-zoct
[OCTU against ZOCT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/octu-vs-zoct)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.