Data as of Nov 4, 2026.
OCTW vs PBOC: Cap, Buffer & Days Left
As of Nov 4, 2026 OCTW can fall 1.4% before its buffer engages and PBOC 1.2%.
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Net assets: $443m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer20 ETF - Oct, and $64m on Nov 4, 2026 for PGIM S&P 500 Buffer 20 ETF - October .
OCTW: reference +0.5% since period start, fund +0.7%; buffer 0 to −20; cap +12.8%; Between buffer and cap. Data to Nov 4, 2026.
OCTW: reference +0.5% since period start, fund +0.7%; buffer 0 to −20; cap +12.8%; Between buffer and cap. Data to Nov 4, 2026.PBOC: reference +0.6% since period start, fund +0.7%; buffer 0 to −20; cap +12.8%; Between buffer and cap. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PBOC costs 0.24 points a year less; their one-year returns differ by 0.2 points; OCTW is 6.9 times larger.
Points (pts) are percentage points.
| Measure | OCTW | PBOC |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.8% | +10.0% |
| Drawdown | ||
| Index fall to the buffer | 0.5% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.50% |
| Net assets, as of Nov 3, 2026 | $443m | $64m |
| Holdings | ||
| Holdings in common | not published | |
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
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 →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | OCTW | PBOC | OCTW | PBOC |
| 3 months | +1.9% | +1.9% | +2.3 pts | +2.3 pts |
| 6 months | +4.6% | +4.7% | +0.1 pts | +0.2 pts |
| 1 year | +9.8% | +10.0% | −3.7 pts | −3.5 pts |
| 3 years | +34.4% | – | −42.0 pts | – |
| Since launchNot the same days: OCTW Oct 2020 · PBOC May 2024 | +69.2% | +26.4% | −58.3 pts | −18.4 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.
Where each one stands today
OCTW resets first, on Sep 30, 2027, 330 days from now; PBOC runs to Sep 30, 2027, 330 days. OCTW can still gain 11.3% before its cap, PBOC 11.6%. A fall from here reaches OCTW’s buffer after 1.4% and PBOC’s after 1.2%. Both track SPY, so what separates them is where each is in its own period.
OCTW
From its price on Nov 4, 2026, the fund can gain about 11.3% 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 0.5% 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. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and a new cap is set.
PBOC
From its price on Nov 4, 2026, the fund can gain about 11.6% 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.
Questions people ask
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.
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ETFIQ, OCTW against PBOC, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/octw-vs-pboc
ETFIQ. (Nov 4, 2026). OCTW against PBOC. Retrieved from https://etfiq.com/compare/buffer/octw-vs-pboc
[OCTW against PBOC (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/octw-vs-pboc)
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