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Launched

AllianzIM U.S. Equity Buffer20 Oct ETF

OCTWCboeAllianzIMC

$41.88−0.10 (−0.23%)

At close: Nov 2, 2026, 4:00 PM ET

C54/ 100

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

C54/100Rank 8 of 24inS&P 500 Buffer 20%
Intraday session: down, 79 prints from 41.97 to 41.88. Range 41.83 to 42.16. Use the arrow keys to read each point.42.0542.1042.1510 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$448M
1Y total return
+8.6%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
57.1K sh
52W range
low $37.89high $42.47
Launched

The ETF.net OCTW Grade

C

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 47, Mission 61, Tradability 80, Holdings 67, Durability 80. Strongest: Tradability (80). Weakest: Cost (37). Leans toward Tradability and Durability.

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.

  • 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.
    C47 out of 100
    Rank 13 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A80 out of 100
    Rank 3 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 3 of 13

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A80 out of 100
    Rank 2 of 24

Our read on OCTW

ETF.net Research

In short

CA 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

  • Buffers 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.
  • Run 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
  • The 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

  • The 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
  • The reference is the S&P 500 price index, which excludes reinvested dividends, and the fund has not been paying distributions.allianzim.com
  • Cheaper 20% buffer wrappers exist, including PBFR at 0.50% and PSFJ at 0.49%.

OCTW Holdings

Holdings pillarB67 out of 100Rank 3 of 13 in S&P 500 Buffer 20%
Asset class
Stocks
Holdings
3
Top-10 weight
104%
Largest holding
Spy 09/30/2027 5.72 C99.2%

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%

Geography

  • United States99.53%
  • Switzerland0.26%
  • China0.10%
  • Mexico0.05%
  • Ireland0.03%
  • United Kingdom0.03%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataSpy 09/30/2027 5.72 C99.24%5,862$444M1
2No dataSpy 09/30/2027 762.71 P4.74%5,862$21.2M2
3No dataCash&Other0.01%49,749$49.7K52

Showing 1–3 of 3 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$10,865
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. OCTW $10,865. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+7.6%
1 month−0.1%
3 months+1.8%
1 year+8.6%
3 yearsper year+10.8%
5 yearsper year+8.9%
10 yearsFund is under 10 years oldper yearNo data

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+7.6%
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

OCTW Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

OCTW Risk

Risk pillarC47 out of 100Rank 13 of 23 in S&P 500 Buffer 20%
How much the fund’s monthly returns vary, scaled to a year.
4.7%
Annualised · 36 months to Oct 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.
1.28
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

OCTW Cost

Compare OCTW and PSFD

Overpaying vs PSFD, tied cheapest in S&P 500 Buffer 20%

$4,515

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • OCTW 0.74%

    $14,307

  • PSFD 0.49% Tied cheapest

    $9,792

$10,000
30 years

Cost over time

  • OCTW 0.74%
  • PSFD 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530OCTW $14,307PSFD $9,792

Year by year

YearOCTWPSFDOverpaying
10$1,319$883$436
20$5,015$3,394$1,621
30$14,307$9,792$4,515

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