OCTT vs. AAPR

Last updated Apr 1, 2026

Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT) and Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR).

OCTT and AAPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCTT is an actively managed fund by Allianz. It was launched on Sep 30, 2020. AAPR is an actively managed fund by Innovator. It was launched on Mar 28, 2024.

Performance

OCTT vs. AAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT) and Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR). The values are adjusted to include any dividend payments, if applicable.

OCTT vs. AAPR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OCTT AllianzIM U.S. Large Cap Buffer10 Oct ETF	-2.74%	13.86%	6.53%
AAPR Innovator Equity Defined Protection ETF - 2 Yr To April 2026	1.32%	7.79%	6.25%

Returns By Period

In the year-to-date period, OCTT achieves a -2.74% return, which is significantly lower than AAPR's 1.32% return.

OCTT

• 1D: 1.95%
• 1M: -3.29%
• YTD: -2.74%
• 6M: -0.69%
• 1Y: 13.71%
• 3Y*: 12.07%
• 5Y*: 8.78%
• 10Y*: —

AAPR

• 1D: 0.00%
• 1M: 0.56%
• YTD: 1.32%
• 6M: 3.06%
• 1Y: 10.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OCTT vs. AAPR - Expense Ratio Comparison

OCTT has a 0.74% expense ratio, which is lower than AAPR's 0.79% expense ratio.

AAPR

Innovator Equity Defined Protection ETF - 2 Yr To April 2026

OCTT

AllianzIM U.S. Large Cap Buffer10 Oct ETF

Return for Risk

OCTT vs. AAPR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OCTT

OCTT Risk / Return Rank: 66
OCTT Sharpe Ratio Rank: 59
OCTT Sortino Ratio Rank: 63
OCTT Omega Ratio Rank: 69
OCTT Calmar Ratio Rank: 61
OCTT Martin Ratio Rank: 77

AAPR

AAPR Risk / Return Rank: 91
AAPR Sharpe Ratio Rank: 88
AAPR Sortino Ratio Rank: 92
AAPR Omega Ratio Rank: 97
AAPR Calmar Ratio Rank: 83
AAPR Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OCTT vs. AAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT) and Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR). 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.

	OCTT	AAPR	Difference
Sharpe ratio Return per unit of total volatility	1.09	1.86	-0.77
Sortino ratio Return per unit of downside risk	1.65	2.79	-1.14
Omega ratio Gain probability vs. loss probability	1.26	1.60	-0.33
Calmar ratio Return relative to maximum drawdown	1.62	2.41	-0.79
Martin ratio Return relative to average drawdown	8.45	16.22	-7.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OCTT vs. AAPR - Sharpe Ratio Comparison

The current OCTT Sharpe Ratio is 1.09, which is lower than the AAPR Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of OCTT and AAPR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OCTT	AAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	1.86	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.58	-0.59

Correlation

The correlation between OCTT and AAPR is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

OCTT vs. AAPR - Dividend Comparison

Neither OCTT nor AAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

OCTT vs. AAPR - Drawdown Comparison

The maximum OCTT drawdown since its inception was -13.49%, which is greater than AAPR's maximum drawdown of -5.99%. Use the drawdown chart below to compare losses from any high point for OCTT and AAPR.

Drawdown Indicators

	OCTT	AAPR	Difference
Max Drawdown Largest peak-to-trough decline	-13.49%	-5.99%	-7.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.70%	-4.22%	-4.48%
Max Drawdown (5Y) Largest decline over 5 years	-13.49%	—	—
Current Drawdown Current decline from peak	-3.98%	0.00%	-3.98%
Average Drawdown Average peak-to-trough decline	-2.08%	-0.48%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	0.63%	+1.04%

Volatility

OCTT vs. AAPR - Volatility Comparison

AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT) has a higher volatility of 3.74% compared to Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR) at 0.62%. This indicates that OCTT's price experiences larger fluctuations and is considered to be riskier than AAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCTT	AAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	0.62%	+3.12%
Volatility (6M) Calculated over the trailing 6-month period	6.30%	1.50%	+4.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	5.41%	+7.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.38%	4.94%	+5.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.30%	4.94%	+5.36%