MAYZ vs. OCTB
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. With a 0.96 correlation, they move nearly in lockstep. MAYZ charges 0.79%/yr vs 0.25%/yr for OCTB.
Performance
MAYZ vs. OCTB - Performance Comparison
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Returns By Period
In the year-to-date period, MAYZ achieves a 8.56% return, which is significantly higher than OCTB's 6.18% return.
MAYZ
- 1D
- -0.45%
- 1M
- 4.24%
- YTD
- 8.56%
- 6M
- 8.43%
- 1Y
- 21.69%
- 3Y*
- 16.62%
- 5Y*
- 9.61%
- 10Y*
- —
OCTB
- 1D
- -0.17%
- 1M
- 2.41%
- YTD
- 6.18%
- 6M
- 6.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAYZ vs. OCTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAYZ TrueShares Structured Outcome (May) ETF | 8.56% | 2.43% |
OCTB Aptus October Buffer ETF | 6.18% | 2.37% |
Correlation
The correlation between MAYZ and OCTB is 0.96 - 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 15, 2025 | 0.96 |
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Return for Risk
MAYZ vs. OCTB — Risk / Return Rank
MAYZ
OCTB
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.
| MAYZ | OCTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | — | — |
| Martin ratioReturn relative to average drawdown | 11.30 | — | — |
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
| MAYZ | OCTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.97 | -1.17 |
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.
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Drawdown Indicators
| MAYZ | OCTB | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.45% | -0.17% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -0.70% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | — | — |
Volatility
MAYZ vs. OCTB - Volatility Comparison
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Volatility by Period
| MAYZ | OCTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 7.20% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.07% | 7.20% | +4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.04% | 7.20% | +4.84% |
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 1.98%, while OCTB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MAYZ TrueShares Structured Outcome (May) ETF | 1.98% | 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
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.
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 MAYZ.
MAYZ has the higher dividend yield at 1.98%, compared with 0.00% for OCTB.
They also come from different issuers: TrueShares and Aptus Capital Advisors. Their fees differ too: 0.79% for MAYZ and 0.25% for OCTB.
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