OCTT vs. TLTW
OCTT (AllianzIM U.S. Large Cap Buffer10 Oct ETF) and TLTW (iShares 20+ Year Treasury Bond BuyWrite Strategy ETF) are both exchange-traded funds - OCTT is a Options Trading fund actively managed by Allianz, while TLTW is a Derivative Income fund tracking the CBOE TLT 2% OTM Buywrite Index (USD). OCTT is actively managed, while TLTW is passively managed. Over the past 3 years, OCTT returned 13.21%/yr vs 0.91%/yr for TLTW. At a 0.18 correlation, their price movements are largely independent. OCTT charges 0.74%/yr vs 0.35%/yr for TLTW.
Performance
OCTT vs. TLTW - Performance Comparison
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Returns By Period
In the year-to-date period, OCTT achieves a 5.87% return, which is significantly higher than TLTW's 3.37% return.
OCTT
- 1D
- -0.20%
- 1M
- -0.25%
- YTD
- 5.87%
- 6M
- 5.20%
- 1Y
- 16.36%
- 3Y*
- 13.21%
- 5Y*
- 10.08%
- 10Y*
- —
TLTW
- 1D
- 0.99%
- 1M
- 3.23%
- YTD
- 3.37%
- 6M
- 2.60%
- 1Y
- 9.53%
- 3Y*
- 0.91%
- 5Y*
- —
- 10Y*
- —
OCTT vs. TLTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OCTT AllianzIM U.S. Large Cap Buffer10 Oct ETF | 5.87% | 13.86% | 11.87% | 20.92% | -2.23% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 3.37% | 11.36% | -2.18% | 0.73% | -11.14% |
Correlation
The correlation between OCTT and TLTW is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2022 | 0.18 |
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Return for Risk
OCTT vs. TLTW — Risk / Return Rank
OCTT
TLTW
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.
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.
| OCTT | TLTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.22 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.60 | +1.22 |
| Martin ratioReturn relative to average drawdown | 13.79 | 4.60 | +9.20 |
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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.
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Drawdown Indicators
| OCTT | TLTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -18.61% | +5.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.81% | -5.97% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -13.04% | -17.19% | +4.15% |
Max Drawdown (5Y)Largest decline over 5 years | -13.49% | — | — |
Current DrawdownCurrent decline from peak | -1.20% | -1.13% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -8.16% | +6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 2.08% | -0.89% |
Volatility
OCTT vs. TLTW - Volatility Comparison
AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT) has a higher volatility of 2.38% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 1.84%. 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.
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Volatility by Period
| OCTT | TLTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 1.84% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 6.18% | 5.86% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.91% | 7.67% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.48% | 11.34% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 11.34% | -1.13% |
OCTT vs. TLTW - Expense Ratio Comparison
OCTT has a 0.74% expense ratio, which is higher than TLTW's 0.35% expense ratio.
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 11.51%.
| Position | 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 | 11.51% | 14.82% | 14.47% | 19.59% | 8.71% |
Frequently Asked Questions
OCTT and TLTW have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OCTT has higher volatility (2.38%) compared to TLTW (1.84%). In terms of maximum drawdown, OCTT dropped -13.49% vs TLTW's -18.61%.
On 3-year performance, OCTT leads with 13.21% vs 0.91% for TLTW. On fees, TLTW is cheaper at 0.35% per year. On volatility, TLTW has been the lower-risk option at 1.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OCTT has performed better with a 13.21% return vs 0.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLTW is cheaper with a 0.35% expense ratio, compared with 0.74% for OCTT.
TLTW has the higher dividend yield at 11.51%, compared with 0.00% for OCTT.
OCTT is categorized as Options Trading, while TLTW is Derivative Income. They also come from different issuers: Allianz and iShares. Their fees differ too: 0.74% for OCTT and 0.35% for TLTW.
OCTT currently has the higher Sharpe Ratio (2.09 vs 1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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