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OCTW

GradeCChicago Board Options Exchange

AllianzIM U.S. Equity Buffer20 Oct ETF

Buffered · AllianzIM · Inception 2020-09-30

$41.98+0.03 (+0.08%)

As of Sep 23, 2026, 1:59 PM EDT

Intraday session: up, 33 prints from 41.94 to 41.98. Range 41.92 to 41.98. Use the arrow keys to read each point.$41.92$41.94$41.9610 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$318M
1Y return
+9.7%
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0.1M sh
NAV per share
$41.95
52W range
low $37.89high $41.98

The ETF.net OCTW Grade

C

53/ 100

Rank 7 of 24 in S&P 500 Buffer 20%⁠

Confidence Medium

Six-pillar profile for OCTW. Scores out of 100: Cost 37, Risk 43, Mission not scored, Tradability 90, Holdings 52, Durability 77. Strongest: Tradability (90). Weakest: Cost (37). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 37
    Category rank20/24 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 43
    Category rank16/22 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 90
    Category rank1/24 · top 4%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 52
    Category rank10/12 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 77
    Category rank3/24 · top 13%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on OCTW

ETF.net Research

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

  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 Sep 20, 2026, 9:12 AM
Asset class
Stocks
Holdings
5
Top-10 weight
104%
Largest holding
4SPY 260930C00005000104.0%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014SPY 260930C00005000SPY 09/30/2026 5.00 C103.95%4,364$330M1
0024SPY 260930P00666250SPY 09/30/2026 666.25 P0.02%4,364$69K1

Showing 1–2 of 2 holdings

OCTW Performance

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

OCTW$10,965
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. OCTW $10,965. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+0.9%
3 months+2.8%
1 year+9.7%
3 years+10.7%per year
5 years+9.3%per year
10 yearsFund is under 10 years old—per 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+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

ETF.net Research hasn’t filed on OCTW yet — coverage lands here as it’s written.

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 Aug 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.
1.20
vs 3-month T-bills · to Aug 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.