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. With a 0.95 correlation, they move nearly in lockstep. 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 5.82% return, which is significantly higher than OCTB's 5.52% return.
AUGZ
- 1D
- -1.18%
- 1M
- -1.11%
- YTD
- 5.82%
- 6M
- 5.18%
- 1Y
- 17.31%
- 3Y*
- 15.12%
- 5Y*
- 10.16%
- 10Y*
- —
OCTB
- 1D
- -0.56%
- 1M
- 0.00%
- YTD
- 5.52%
- 6M
- 5.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUGZ vs. OCTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 5.82% | 2.27% |
OCTB Aptus October Buffer ETF | 5.52% | 2.37% |
Correlation
The correlation between AUGZ and OCTB is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.95 |
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Return for Risk
AUGZ vs. OCTB — Risk / Return Rank
AUGZ
OCTB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AUGZ | OCTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | — | — |
| Martin ratioReturn relative to average drawdown | 9.92 | — | — |
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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 | -2.81% | -0.82% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -0.69% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | — | — |
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 | 4.02% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.08% | 7.26% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.06% | 7.26% | +4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.14% | 7.26% | +4.88% |
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 3.43%, while OCTB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 3.43% | 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 3.43%, 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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