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Launched

AllianzIM U.S. Equity Buffer20 Oct ETF

OCTWCboeB

$42.35−0.02 (−0.05%)

As of Oct 13, 2026, 3:59 PM

B54/ 100

Rank 8 of 24 in S&P 500 Buffer 20%

B54/100Rank 8 of 24inS&P 500 Buffer 20%
Intraday session: down, 57 prints from 42.37 to 42.35. Range 42.31 to 42.40. Use the arrow keys to read each point.42.3242.3442.3642.3842.4010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$337M
1Y total return
+11.4%
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
0.1M sh
NAV per share
$42.39
52W range
low $37.89high $42.47
Launched

The ETF.net OCTW Grade

B

Score 54 out of 100

Category
S&P 500 Buffer 20%⁠
Rank
8 of 24
Six-pillar profile for OCTW. Scores out of 100: Cost 37, Risk 43, Mission 61, Tradability 88, Holdings 67, Durability 76. Strongest: Tradability (88). Weakest: Cost (37). Leans toward Tradability.

Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays B for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D37 out of 100
    Rank 10 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B61 out of 100
    Rank 4 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C43 out of 100
    Rank 16 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A88 out of 100
    Rank 1 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 3 of 12

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A76 out of 100
    Rank 3 of 24

Our read on OCTW

ETF.net Research

BA 20% buffer against S&P 500 price losses over a 12-month stretch that resets every October 1, built by Allianz Life's investment arm. Deep-end downside protection, paid for with a cap and no dividends.

Stated mandate

The Fund seeks to match the S&P 500 Price Index over a complete one-year outcome period, subject to an upside cap, while buffering the first 20% of index losses.

Why people hold it

  1. 01Buffers the first 20% of S&P 500 price-index losses over each 12-month outcome period, the deep end of the buffer range, with the clock resetting every October 1.
  2. 02Run by the investment arm of Allianz Life, which builds and manages the hedge in-house, and has been resetting this October series since 2020.allianzlife.com
  3. 03The 0.74% fee sits right at the median for deep-buffer funds, and the overall build ranks in the upper half of that peer group.

Worth knowing

  1. 01The upside is capped, and a fresh cap is set each October based on market conditions. Full buffer and full cap apply only if you hold the whole outcome period.allianzim.com
  2. 02The reference is the S&P 500 price index, which excludes reinvested dividends, and the fund has not been paying distributions.allianzim.com
  3. 03Cheaper 20% buffer wrappers exist, including PBFR at 0.50% and PSFJ at 0.49%.

OCTW Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
105%
Largest holding
4SPY 270930C00005720100.3%

Sectors

  • Technology40.1%
  • Financials11.3%
  • Communication9.9%
  • Health Care9.4%
  • Consumer Discretionary8.7%
  • Industrials7.6%
  • Consumer Staples4.4%
  • Energy3.4%
  • Utilities1.9%
  • Real Estate1.7%
  • Materials1.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014SPY 270930C00005720Spy 09/30/2027 5.72 C100.26%4,409$338M1
0024SPY 270930P00762710Spy 09/30/2027 762.71 P4.40%4,409$15M1

Showing 1–2 of 2 holdings

OCTW Performance

Launched Sep 30, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
OCTW$11,144
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. OCTW $11,144. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for OCTW. Periods over one year show the average yearly return.
PeriodOCTW
Year to date+8.6%
1 month+1.3%
3 months+2.9%
1 year+11.4%
3 yearsper year+10.6%
5 yearsper year+9.4%
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for OCTW
YearReturn barOCTW
2026 YTD+8.6%
2025+9.7%
2024+8.7%
2023+17.6%
2022+0.5%
2021+6.5%
2020+4.1%

History from Oct 1, 2020

OCTW in the news

Filtered to OCTW · S&P 500 Buffer 20%

OCTW Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

OCTW Risk

How much the fund’s monthly returns vary, scaled to a year.
4.7%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.21
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.4%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.34
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

OCTW Cost

Expense ratio0.74%
  • The middle half of S&P 500 Buffer 20% funds
  • Median 0.74%

9 of the 24 S&P 500 Buffer 20% funds charge less.

OCTW costs $74.00 a year on $10,000. The median S&P 500 Buffer 20% fund costs $74.00.

Other funds in S&P 500 Buffer 20%

See others