IQ

AOCT Innovator Equity Defined Protection ETF - Oct 2028

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$27.98
+0.1% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Since Sep 30, 2026, AOCT returned 1.0%, against SPY's 1.2% price return. It can gain 20.1% more before its cap.

Why did AOCT return +12.1% against SPY’s +34.1%?How much of AOCT’s cap and buffer is left?What do AOCT’s net flows of +$11.2m over the since Oct 2026 mean?
Absorbs the whole loss on SPY and caps the gain at 21.3%, over a period ending Sep 30, 2028Innovator ↗Expense ratio 0.79%Fund assets $67m on Oct 28, 2026Benchmark SPYFund page at the issuer ↗SEC filings ↗Every Innovator fund ETFIQ covers

Promise check: DeliveredOver its outcome period to Sep 30, 2026, AOCT returned 11.6% against the 11.4% its cap promised after its fee, as SPY moved +33.1%.

Compare with…Trading costsPut to the committeeaskIQ about AOCTAdd to portfolioFlowsAlerts

AOCT risk and return scorecard

vs SPY · Oct 2024 to Oct 2026 · 106 weekly returns · dividend-adjusted

Short history · 24 months
AOCT +12.1%, SPY +34.1%, Oct 2024 to Oct 2026, distributions reinvested.
Return
MeasureAOCTSPYEdge
Total return+12.1%+34.1%SPY
Annualized+5.7%+15.5%SPY
Price return+12.1%+31.1%SPY
Risk
MeasureAOCTSPYEdge
Volatility3.0%14.9%AOCT
Max drawdown−3.2%−16.9%AOCT
Upside capture14.7%100.0%SPY
Downside capture18.4%100.0%AOCT
Risk-adjusted
MeasureAOCTSPYEdge
Sharpe ratio0.520.77SPY
Sortino ratio0.801.17SPY
Alpha vs SPY
MeasureAOCTSPYEdge
Alpha, a year−0.5%Not significant
Alpha t-stat−0.55
Beta to SPY0.181.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Oct 26, 2026
Last 4 trading days
+$2.1m
Since Oct 2026
+$11.2m
In on 7 days, out on 0. 52 days missing.
askIQ: what do these flows mean? ↗

What you earned

AOCT +1.0%, SPY price return +0.9%: total return over one month to Oct 28, 2026.
AOCT+1.0%
SPY+0.9%
AOCT +2.0%, SPY price return +5.9%: total return over three months to Oct 28, 2026.
AOCT+2.0%
SPY+5.9%
AOCT +3.7%, SPY price return +8.5%: total return over six months to Oct 28, 2026.
AOCT+3.7%
SPY+8.5%
AOCT +5.3%, SPY price return +13.3%: total return over the year to Oct 28, 2026.
AOCT+5.3%
SPY+13.3%
AOCT +6.1%, SPY price return +12.4%: total return over one year to Oct 28, 2026.
AOCT+6.1%
SPY+12.4%
AOCT +12.5%, SPY price return +35.8%: total return since launch to Oct 28, 2026.
AOCT+12.5%
SPY+35.8%
askIQ: why did AOCT return +6.1% against SPY’s +12.4%? ↗

Where does it stand in this outcome period?

Outcome period Sep 30, 2026 to Sep 30, 2028
20.1%
Can still gain from today’s fund price
Report
1.0%
Fall before the buffer from today’s fund price
Report
100.0%
Protection left, index points
Report
703
Days to reset
Report
askIQ: how much of AOCT’s cap and buffer is left? ↗

More on AOCT

Every number below is on this page. Open what you need.

AOCT flows, by email on Sundays.

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Price, 1 year

$27.98+0.1%1 day, priceClose, Oct 28, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

AOCT returns by window: total return, cash paid and price change
WindowTotal returnSPY price returnGap to SPY
1M Sep 28 – Oct 28, 2026+1.0%+0.9%+0.1 pts
3M Jul 29 – Oct 28, 2026+2.0%+5.9%−3.9 pts
6M Apr 29 – Oct 28, 2026+3.7%+8.5%−4.8 pts
YTD Dec 31, 2025 – Oct 28, 2026+5.3%+13.3%−8.0 pts
1Y Oct 28, 2025 – Oct 28, 2026+6.1%+12.4%−6.3 pts
Since launch Oct 1, 2024 – Oct 28, 2026+12.5%+35.8%−23.3 pts
Since launch, annualised Oct 1, 2024 – Oct 28, 2026+5.9%––

Total returns, distributions reinvested. SPY's column is its price return, dividends left out: the basis the outcome period uses. Listed Oct 2024: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Email me when AOCT's outcome period resets.

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Full floor
Full floorAOCT: reference +1.2% since period start, fund +1.0%; buffer Floor; cap +21.3%; Full floor. Data to Oct 28, 2026.full floor beneath+20.1% more to the capfull floor0% period start+21.3% cap+1.2% gain capturedTODAY · SPY +1.2%Full floorAOCT: reference +1.2% since period start, fund +1.0%; buffer Floor; cap +21.3%; Full floor. Data to Oct 28, 2026.full floor beneathfull floor0% start+21.3% cap+1.2% gain captured+20.1% more to the capTODAY · SPY +1.2%

AOCT: reference +1.2% since period start, fund +1.0%; buffer Floor; cap +21.3%; Full floor. Data to Oct 28, 2026.

Money in and out

Daily data · as of Oct 26, 2026

AOCT: in the 12 trading days to Oct 26, 2026, net $11.2m came in.

4D
+$2.1m
3.3% of $64.2m on Oct 20, 2026
Oct 21, 2026 to Oct 26, 2026
Since Oct 2026
+$11.2m
Oct 9, 2026 to Oct 26, 2026
Net flow each trading day
Net flow into AOCT each trading day, Jul 28, 2026 to Oct 26, 2026+$699k+$4.9m+$698k+$1.4m+$1.4m+$698k+$1.4mmonthly, from SEC filingsdaily, from Innovator+$4.9m−$4.9mJul 28, 2026Oct 26, 2026

AOCT, net flow each trading day over the 64 sessions from Jul 28, 2026 to Oct 26, 2026: money came in on 7 days and went out on 0 days, of the 12 days with daily data; the other 52 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 7 days, out on 0. 52 days missing.

Net flow into AOCT each trading day, Oct 28, 2025 to Oct 26, 2026+$699k+$4.9m+$698k+$1.4m+$1.4m+$698k+$1.4mmonthly, from SEC filingsdaily, from Innovator+$4.9m−$4.9mOct 28, 2025Oct 26, 2026

AOCT, net flow each trading day over the 250 sessions from Oct 28, 2025 to Oct 26, 2026: money came in on 7 days and went out on 0 days, of the 12 days with daily data; the other 238 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 7 days, out on 0. 238 days missing.

Net flow into AOCT each trading day, Mar 25, 2025 to Oct 26, 2026+$699k+$4.9m+$698k+$1.4m+$1.4m+$698k+$1.4mmonthly, from SEC filingsdaily, from Innovator+$4.9m−$4.9mMar 25, 2025Oct 26, 2026

AOCT, net flow each trading day over the 400 sessions from Mar 25, 2025 to Oct 26, 2026: money came in on 7 days and went out on 0 days, of the 12 days with daily data; the other 388 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 7 days, out on 0. 388 days missing.

Money in, netMoney out, netMonthly basis
Streak
Money in on 2 trading days running, Oct 23, 2026 to Oct 26, 2026, a net +$2.1m.

Daily data starts Oct 9, 2026.

How this is computed

Computed by ETFIQ from Innovator’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for AOCT, back to Oct 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare AOCT with other funds in the flows tool

Every trading day, last 3 months12 days
Oct 26, 2026 +$1.4m
Oct 23, 2026 +$698k
Oct 22, 2026 $0
Oct 21, 2026 $0
Oct 20, 2026 +$1.4m
Oct 19, 2026 $0
Oct 16, 2026 +$1.4m
Oct 15, 2026 +$698k
Oct 14, 2026 $0
Oct 13, 2026 +$4.9m
Oct 12, 2026 $0
Oct 9, 2026 +$699k

Most recent first.

Week by week, last year4 weeks
Oct 26, 2026 +$1.4m 1 day
Oct 23, 2026 +$2.1m
Oct 16, 2026 +$7.0m
Oct 9, 2026 +$699k 1 day

Net flow into AOCT each week, Oct 9, 2026 to Oct 26, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outOct 2026

AOCT, net flow each month from Oct 2026 to Oct 2026: money came in in 1 month and went out in 0 months.

MonthInOutNet
Oct 2026 ETFIQ, the sum of its days, Oct 9 to Oct 26+$11.2m$0+$11.2m

Most recent first.

How this is computed

Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 26, 2026. Last checked Oct 29, 2026.

AOCT key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$28.00 on Oct 13, 2026
52-week low, daily closes to Oct 28, 2026 (ETFIQ)$26.18 on Nov 20, 2025
Close on Oct 28, 2026, within that range (ETFIQ)$27.99, 99% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 28, 2026
Trading · AOCTas of Oct 28, 2026
·
Not scored1 of 6 measured · Oct 28, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$1.050.10%
$10,000$110.10%
Premium or discount to NAV, Oct 28 close+0.04%
−0.4%95% of days within ±0.29% · the 1% band is off this scale+0.4%
How to tradeLimit: midpoint + 3¢ to buy, midpoint − 3¢ to sell.At the Oct 28 close of $27.99, that’s $28.02 to buy and $27.96 to sell.
Full trading page: components, premium history, dealers →

About AOCT

Reference indexSPY
Buffer100%
Outcome periodSep 30, 2026 to Sep 30, 2028
Starting cap+21.3%
SPY return since period start+1.2%
Fund return since period start+1.0%
Net assets (issuer page, as of Oct 28, 2026)$67mReport
Band state today (ETFIQ)Open
Can still gain (issuer, fund price)20.1%
Fall before buffer (issuer, fund price)1.0%
Fall to the buffer in index terms (ETFIQ)1.2%
Protection left in index points (ETFIQ)100.0% of 100.0%
Days left in period703
Expense ratio (issuer page, Oct 28, 2026)0.79%Report
How we measure
Issuer-published data as of the date shown; ETFIQ calculations marked. Definitions on the learn page. Method
IQ Investment Committee on AOCT

12 seats on AOCT, as of Oct 28, 2026: 1 Supports, 2 Challenges, 6 Not enough data, 3 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingDoes not apply
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatSupports
Put AOCT to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about AOCT

How much can AOCT still gain?
About 20.1% from its price on Oct 28, 2026, before it reaches its cap, by the issuer's published number. The cap for the period was set at +21.3%.
How far can AOCT fall before the buffer helps?
1.0% in fund-price terms on Oct 28, 2026, by the issuer's number. In index terms SPY can fall 1.2% from that level before the buffer begins. Losses until that point are the holder's.
How much of the AOCT buffer is left?
100.0% of the 100.0% buffer sat below the SPY level on Oct 28, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does AOCT reset?
The outcome period ends on Sep 30, 2028, 703 days from the data on Oct 28, 2026. A new cap is set the next day and the buffer starts again.
What does AOCT cost?
The prospectus expense ratio is 0.79% a year.
Sources and dates
Prices, AOCT and SPY price returnTiingo end-of-day · Oct 28, 2026
Fee, 0.79%Issuer page · Oct 28, 2026
Net assets, $67mIssuer page · Oct 28, 2026
IssuerInnovator page for AOCT ↗
IssuerInnovator product table ↗
All fund filingsProspectus filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, AOCT, buffer ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/aoct

The outcome band for AOCT, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Buffer
The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
Cap
The most the fund can return over the period if held from the first day to the last. Quoted gross and net of fees. Set by the option market on day one, so the same fund can have a different cap each year.
Outcome period
The window, usually twelve months and sometimes six or three, over which the buffer and, where there is one, the cap apply. On its last day the options expire, the fund resets, and fresh terms are struck from that day’s option prices.
Reset
The day one outcome period ends and the next begins, with a fresh buffer and fresh terms struck at that day’s level.
Protection left
How much of the buffer still sits below today’s index level. All of it when the index is above its starting level; less once the index is inside the buffer range.
Full definitions: buffer ETFs vocabulary page. →
Embed this chart

Free to use with the credit link. Paste this where the chart should go; it updates every trading night.

AOCT: AOCT: reference +1.2% since period start, fund +1.0%; buffer Floor; cap +21.3%; Full floor. Data to Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/aoct"><img src="https://etfiq.com/assistant/api/embed/buffer/aoct.svg" alt="AOCT: AOCT: reference +1.2% since period start, fund +1.0%; buffer Floor; cap +21.3%; Full floor. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">AOCT: AOCT: reference +1.2% since period start, fund +1.0%; buffer Floor; cap +21.3%; Full floor. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/aoct">ETFIQ</a></figcaption>
</figure>

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Snapshot, Oct 28, 2026. More on the tabs above.