MAYZ vs. OCTB

Last updated Aug 2, 2026

MAYZ (TrueShares Structured Outcome (May) ETF) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. MAYZ is passively managed, while OCTB is actively managed. Their 0.96 correlation means they have historically moved very closely together. MAYZ charges 0.79%/yr vs 0.25%/yr for OCTB.

Performance

MAYZ vs. OCTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (May) ETF (MAYZ) and Aptus October Buffer ETF (OCTB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAYZ achieves a 7.81% return, which is significantly higher than OCTB's 7.27% return.

MAYZ

• 1D: 0.72%
• 1M: 0.23%
• 6M: 6.72%
• YTD: 7.81%
• 1Y: 16.44%
• 3Y*: 14.31%
• 5Y*: 8.86%
• 10Y*: —
• ALL TIME*: 9.16%

OCTB

• 1D: 0.58%
• 1M: 0.86%
• 6M: 6.48%
• YTD: 7.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAYZ TrueShares Structured Outcome (May) ETF	$17.31K	$18.56K	$174.11K
OCTB Aptus October Buffer ETF	$58.52K	$94.12K	$66.59K

MAYZ vs. OCTB - Yearly Performance Comparison

	2026 (YTD)	2025
MAYZ TrueShares Structured Outcome (May) ETF	7.81%	2.30%
OCTB Aptus October Buffer ETF	7.27%	2.37%

Correlation

The correlation between MAYZ and OCTB is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.96

Return for Risk

MAYZ vs. OCTB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MAYZ

MAYZ Risk / Return Rank: 55
MAYZ Sharpe Ratio Rank: 58
MAYZ Sortino Ratio Rank: 56
MAYZ Omega Ratio Rank: 55
MAYZ Calmar Ratio Rank: 48
MAYZ Martin Ratio Rank: 61

OCTB

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAYZ vs. OCTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (May) ETF (MAYZ) 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.

	MAYZ	OCTB	Difference
Sharpe ratio: Return per unit of total volatility	1.38	—	—
Sortino ratio: Return per unit of downside risk	1.96	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.73	—	—
Martin ratio: Return relative to average drawdown	7.43	—	—

Drawdowns

MAYZ vs. OCTB - Drawdown Comparison

The maximum MAYZ drawdown since its inception was -19.23%, which is greater than OCTB's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for MAYZ and OCTB.

Drawdown Indicators

	MAYZ	OCTB	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	-4.79%	-14.44%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	—	—
Current Drawdown Current decline from peak	-1.14%	0.00%	-1.14%
Average Drawdown Average peak-to-trough decline	-4.66%	-0.66%	-4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	—	—

Volatility

Volatility by Period

	MAYZ	OCTB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.99%	7.16%	+3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.16%	7.16%	+5.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.01%	7.16%	+4.85%

MAYZ vs. OCTB - Expense Ratio Comparison

MAYZ has a 0.79% expense ratio, which is higher than OCTB's 0.25% expense ratio.

Dividends

MAYZ vs. OCTB - Dividend Comparison

MAYZ's dividend yield for the trailing twelve months is around 2.00%, while OCTB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MAYZ TrueShares Structured Outcome (May) ETF	2.00%	2.15%	1.95%	2.75%	0.69%	1.90%
OCTB Aptus October Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAYZ and OCTB in my portfolio?

With a correlation of 0.96, MAYZ 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.

Which ETF is better, MAYZ 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, MAYZ or OCTB?

OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for MAYZ.

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

MAYZ has the higher dividend yield at 2.00%, compared with 0.00% for OCTB.

What is the main difference between MAYZ and OCTB?

They also come from different issuers: TrueShares and Aptus. Their fees differ too: 0.79% for MAYZ and 0.25% for OCTB.