AUGZ vs. OCTB
AUGZ (TrueShares Structured Outcome (August) ETF) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. AUGZ is passively managed, while OCTB is actively managed. Their correlation of 0.95 suggests significant overlap in exposure. AUGZ charges 0.79%/yr vs 0.25%/yr for OCTB.
Performance
AUGZ vs. OCTB - Performance Comparison
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Returns By Period
In the year-to-date period, AUGZ achieves a 8.27% return, which is significantly higher than OCTB's 6.18% return.
AUGZ
- 1D
- -0.55%
- 1M
- 4.32%
- YTD
- 8.27%
- 6M
- 8.18%
- 1Y
- 20.84%
- 3Y*
- 16.37%
- 5Y*
- 10.83%
- 10Y*
- —
OCTB
- 1D
- -0.17%
- 1M
- 2.41%
- YTD
- 6.18%
- 6M
- 6.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUGZ vs. OCTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 8.27% | 2.42% |
OCTB Aptus October Buffer ETF | 6.18% | 2.37% |
Correlation
The correlation between AUGZ and OCTB is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.95 |
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Return for Risk
AUGZ vs. OCTB — Risk / Return Rank
AUGZ
OCTB
AUGZ vs. OCTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (August) ETF (AUGZ) and Aptus October Buffer ETF (OCTB). 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.
| AUGZ | OCTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | — | — |
| Martin ratioReturn relative to average drawdown | 12.46 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AUGZ | OCTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.97 | -0.89 |
Drawdowns
AUGZ vs. OCTB - Drawdown Comparison
The maximum AUGZ drawdown since its inception was -15.67%, which is greater than OCTB's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for AUGZ and OCTB.
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Drawdown Indicators
| AUGZ | OCTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -4.79% | -10.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.17% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -0.70% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | — | — |
Volatility
AUGZ vs. OCTB - Volatility Comparison
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Volatility by Period
| AUGZ | OCTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 7.20% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 7.20% | +4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.10% | 7.20% | +4.90% |
AUGZ vs. OCTB - Expense Ratio Comparison
AUGZ has a 0.79% expense ratio, which is higher than OCTB's 0.25% expense ratio.
Dividends
AUGZ vs. OCTB - Dividend Comparison
AUGZ's dividend yield for the trailing twelve months is around 3.35%, while OCTB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 3.35% | 3.63% | 4.08% | 3.42% | 0.41% |
OCTB Aptus October Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, AUGZ and OCTB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, OCTB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for AUGZ.
AUGZ has the higher dividend yield at 3.35%, compared with 0.00% for OCTB.
They also come from different issuers: TrueShares and Aptus Capital Advisors. Their fees differ too: 0.79% for AUGZ and 0.25% for OCTB.
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