OCTT vs. TLTW

Last updated Apr 2, 2026

Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).

OCTT and TLTW 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. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022.

Performance

OCTT vs. TLTW - 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 iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). The values are adjusted to include any dividend payments, if applicable.

OCTT vs. TLTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OCTT AllianzIM U.S. Large Cap Buffer10 Oct ETF	-2.14%	13.86%	11.87%	20.92%	-1.14%
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	1.39%	11.36%	-2.18%	0.73%	-11.09%

Returns By Period

In the year-to-date period, OCTT achieves a -2.14% return, which is significantly lower than TLTW's 1.39% return.

OCTT

• 1D: 0.62%
• 1M: -2.77%
• YTD: -2.14%
• 6M: -0.39%
• 1Y: 14.04%
• 3Y*: 12.30%
• 5Y*: 8.92%
• 10Y*: —

TLTW

• 1D: -0.04%
• 1M: -2.53%
• YTD: 1.39%
• 6M: 1.87%
• 1Y: 6.62%
• 3Y*: 0.68%
• 5Y*: —
• 10Y*: —

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

OCTT vs. TLTW - Expense Ratio Comparison

OCTT has a 0.74% expense ratio, which is higher than TLTW's 0.35% expense ratio.

OCTT

AllianzIM U.S. Large Cap Buffer10 Oct ETF

TLTW

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

Return for Risk

OCTT vs. TLTW — Risk / Return Rank

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

OCTT

OCTT Risk / Return Rank: 63
OCTT Sharpe Ratio Rank: 59
OCTT Sortino Ratio Rank: 62
OCTT Omega Ratio Rank: 68
OCTT Calmar Ratio Rank: 56
OCTT Martin Ratio Rank: 72

TLTW

TLTW Risk / Return Rank: 37
TLTW Sharpe Ratio Rank: 38
TLTW Sortino Ratio Rank: 34
TLTW Omega Ratio Rank: 32
TLTW Calmar Ratio Rank: 47
TLTW Martin Ratio Rank: 36

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. TLTW - 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 iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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	TLTW	Difference
Sharpe ratio Return per unit of total volatility	1.11	0.75	+0.36
Sortino ratio Return per unit of downside risk	1.68	1.05	+0.63
Omega ratio Gain probability vs. loss probability	1.27	1.14	+0.13
Calmar ratio Return relative to maximum drawdown	1.66	1.28	+0.38
Martin ratio Return relative to average drawdown	8.58	3.35	+5.22
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. TLTW - Sharpe Ratio Comparison

The current OCTT Sharpe Ratio is 1.11, which is higher than the TLTW Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of OCTT and TLTW, 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	TLTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	0.75	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	-0.03	+1.02

Correlation

The correlation between OCTT and TLTW is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

OCTT vs. TLTW - Dividend Comparison

OCTT has not paid dividends to shareholders, while TLTW's dividend yield for the trailing twelve months is around 13.67%.

	TTM	2025	2024	2023	2022
OCTT AllianzIM U.S. Large Cap Buffer10 Oct ETF	0.00%	0.00%	0.00%	0.00%	0.00%
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	13.67%	14.82%	14.47%	19.59%	8.71%

Drawdowns

OCTT vs. TLTW - Drawdown Comparison

The maximum OCTT drawdown since its inception was -13.49%, smaller than the maximum TLTW drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for OCTT and TLTW.

Drawdown Indicators

	OCTT	TLTW	Difference
Max Drawdown Largest peak-to-trough decline	-13.49%	-18.61%	+5.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.70%	-5.80%	-2.90%
Max Drawdown (5Y) Largest decline over 5 years	-13.49%	—	—
Current Drawdown Current decline from peak	-3.38%	-3.02%	-0.36%
Average Drawdown Average peak-to-trough decline	-2.08%	-8.49%	+6.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.21%	-0.53%

Volatility

OCTT vs. TLTW - Volatility Comparison

AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT) has a higher volatility of 3.78% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 3.46%. This indicates that OCTT's price experiences larger fluctuations and is considered to be riskier than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCTT	TLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	3.46%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	6.33%	5.80%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	8.88%	+3.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.39%	11.55%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.30%	11.55%	-1.25%