AIOO vs. OCTZ

Last updated Jun 3, 2026

AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) and OCTZ (TrueShares Structured Outcome (October) ETF) are both Defined Outcome funds. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. AIOO charges 0.64%/yr vs 0.79%/yr for OCTZ.

Performance

AIOO vs. OCTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and TrueShares Structured Outcome (October) ETF (OCTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIOO achieves a 2.48% return, which is significantly lower than OCTZ's 8.76% return.

AIOO

• 1D: 0.04%
• 1M: 1.11%
• YTD: 2.48%
• 6M: 2.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OCTZ

• 1D: 0.06%
• 1M: 4.31%
• YTD: 8.76%
• 6M: 9.01%
• 1Y: 21.76%
• 3Y*: 16.62%
• 5Y*: 11.32%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIOO vs. OCTZ - Yearly Performance Comparison

	2026 (YTD)	2025
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	2.48%	2.67%
OCTZ TrueShares Structured Outcome (October) ETF	8.76%	8.33%

Correlation

The correlation between AIOO and OCTZ is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 2, 2025	0.77

Return for Risk

AIOO vs. OCTZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OCTZ

OCTZ Risk / Return Rank: 67
OCTZ Sharpe Ratio Rank: 69
OCTZ Sortino Ratio Rank: 69
OCTZ Omega Ratio Rank: 68
OCTZ Calmar Ratio Rank: 59
OCTZ Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIOO vs. OCTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and TrueShares Structured Outcome (October) ETF (OCTZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AIOO	OCTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.88	1.08	+1.80

Drawdowns

AIOO vs. OCTZ - Drawdown Comparison

The maximum AIOO drawdown since its inception was -0.74%, smaller than the maximum OCTZ drawdown of -15.82%. Use the drawdown chart below to compare losses from any high point for AIOO and OCTZ.

Drawdown Indicators

	AIOO	OCTZ	Difference
Max Drawdown Largest peak-to-trough decline	-0.74%	-15.82%	+15.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.82%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.17%	-3.16%	+2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.72%	—

Volatility

Volatility by Period

	AIOO	OCTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.98%	9.38%	-7.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.98%	12.39%	-10.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.98%	12.37%	-10.39%

AIOO vs. OCTZ - Expense Ratio Comparison

AIOO has a 0.64% expense ratio, which is lower than OCTZ's 0.79% expense ratio.

Dividends

AIOO vs. OCTZ - Dividend Comparison

AIOO has not paid dividends to shareholders, while OCTZ's dividend yield for the trailing twelve months is around 3.67%.

Position	TTM	2025	2024	2023	2022
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.00%	0.00%	0.00%	0.00%	0.00%
OCTZ TrueShares Structured Outcome (October) ETF	3.67%	3.99%	1.26%	3.28%	0.67%

Frequently Asked Questions

Can I hold both AIOO and OCTZ in my portfolio?

AIOO and OCTZ have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIOO or OCTZ?

On fees, AIOO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIOO or OCTZ?

AIOO is cheaper with a 0.64% expense ratio, compared with 0.79% for OCTZ.

Which ETF pays a higher dividend yield, AIOO or OCTZ?

OCTZ has the higher dividend yield at 3.67%, compared with 0.00% for AIOO.

What is the main difference between AIOO and OCTZ?

They also come from different issuers: Allianz and TrueShares. Their fees differ too: 0.64% for AIOO and 0.79% for OCTZ.