FB vs. OCTB

Last updated Jun 4, 2026

FB (ProShares S&P 500 Dynamic Daily Buffer ETF) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. FB is passively managed, while OCTB is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. FB charges 0.58%/yr vs 0.25%/yr for OCTB.

Performance

FB vs. OCTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Dynamic Daily Buffer ETF (FB) and Aptus October Buffer ETF (OCTB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FB having a 6.03% return and OCTB slightly higher at 6.18%.

FB

• 1D: -0.15%
• 1M: 1.90%
• YTD: 6.03%
• 6M: 6.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OCTB

• 1D: -0.17%
• 1M: 2.41%
• YTD: 6.18%
• 6M: 6.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FB vs. OCTB - Yearly Performance Comparison

	2026 (YTD)	2025
FB ProShares S&P 500 Dynamic Daily Buffer ETF	6.03%	3.19%
OCTB Aptus October Buffer ETF	6.18%	2.37%

Correlation

The correlation between FB and OCTB is 0.78, 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 Oct 15, 2025	0.78

Return for Risk

FB vs. OCTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dynamic Daily Buffer ETF (FB) 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.

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

Sharpe Ratios by Period

	FB	OCTB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.04	1.97	+1.07

Drawdowns

FB vs. OCTB - Drawdown Comparison

The maximum FB drawdown since its inception was -1.38%, smaller than the maximum OCTB drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for FB and OCTB.

Drawdown Indicators

	FB	OCTB	Difference
Max Drawdown Largest peak-to-trough decline	-1.38%	-4.79%	+3.41%
Current Drawdown Current decline from peak	-0.15%	-0.17%	+0.02%
Average Drawdown Average peak-to-trough decline	-0.30%	-0.70%	+0.40%

Volatility

Volatility by Period

	FB	OCTB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.67%	7.20%	-2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.67%	7.20%	-2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.67%	7.20%	-2.53%

FB vs. OCTB - Expense Ratio Comparison

FB has a 0.58% expense ratio, which is higher than OCTB's 0.25% expense ratio.

Dividends

FB vs. OCTB - Dividend Comparison

FB's dividend yield for the trailing twelve months is around 1.23%, while OCTB has not paid dividends to shareholders.

Position	TTM	2025
FB ProShares S&P 500 Dynamic Daily Buffer ETF	1.23%	0.92%
OCTB Aptus October Buffer ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both FB and OCTB in my portfolio?

FB and OCTB have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FB or OCTB?

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.

Which ETF is cheaper, FB or OCTB?

OCTB is cheaper with a 0.25% expense ratio, compared with 0.58% for FB.

Which ETF pays a higher dividend yield, FB or OCTB?

FB has the higher dividend yield at 1.23%, compared with 0.00% for OCTB.

What is the main difference between FB and OCTB?

They also come from different issuers: ProShares and Aptus Capital Advisors. Their fees differ too: 0.58% for FB and 0.25% for OCTB.