OCTU vs. NVBT

Last updated Aug 4, 2026

OCTU (AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF) and NVBT (Allianzim U.S. Large Cap Buffer10 Nov ETF) are both exchange-traded funds - OCTU is a Defined Outcome fund actively managed by Allianz, while NVBT is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past year, OCTU returned 16.47% vs 16.18% for NVBT. Their correlation of 0.93 means they have usually moved in the same direction. Both charge a 0.74% expense ratio.

Performance

OCTU vs. NVBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF (OCTU) and Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OCTU achieves a 7.80% return, which is significantly lower than NVBT's 8.92% return.

OCTU

• 1D: 1.20%
• 1M: 1.32%
• 6M: 6.56%
• YTD: 7.80%
• 1Y: 16.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.86%

NVBT

• 1D: 0.82%
• 1M: 1.57%
• 6M: 7.41%
• YTD: 8.92%
• 1Y: 16.18%
• 3Y*: 11.84%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.19%

*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)
NVBT Allianzim U.S. Large Cap Buffer10 Nov ETF	$30.62K	$67.86K	$51.15K
OCTU AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF	$48.73K	$80.14K	$305.60K

OCTU vs. NVBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OCTU AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF	7.80%	12.37%	1.43%
NVBT Allianzim U.S. Large Cap Buffer10 Nov ETF	8.92%	12.84%	2.81%

Correlation

The correlation between OCTU and NVBT is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.93

The correlation between OCTU and NVBT has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

OCTU vs. NVBT — Risk / Return Rank

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

OCTU

OCTU Risk / Return Rank: 67
OCTU Sharpe Ratio Rank: 65
OCTU Sortino Ratio Rank: 65
OCTU Omega Ratio Rank: 60
OCTU Calmar Ratio Rank: 72
OCTU Martin Ratio Rank: 73

NVBT

NVBT Risk / Return Rank: 78
NVBT Sharpe Ratio Rank: 78
NVBT Sortino Ratio Rank: 80
NVBT Omega Ratio Rank: 81
NVBT Calmar Ratio Rank: 69
NVBT Martin Ratio Rank: 83

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.

OCTU vs. NVBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF (OCTU) and Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT). 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.

	OCTU	NVBT	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.94	-0.27
Sortino ratio: Return per unit of downside risk	2.37	2.78	-0.41
Omega ratio: Gain probability vs. loss probability	1.29	1.37	-0.07
Calmar ratio: Return relative to maximum drawdown	2.79	2.62	+0.17
Martin ratio: Return relative to average drawdown	10.04	12.38	-2.34

OCTU vs. NVBT - Sharpe Ratio Comparison

The current OCTU Sharpe Ratio is 1.67, which is comparable to the NVBT Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of OCTU and NVBT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OCTU vs. NVBT - Drawdown Comparison

The maximum OCTU drawdown since its inception was -11.24%, smaller than the maximum NVBT drawdown of -12.90%. Use the drawdown chart below to compare losses from any high point for OCTU and NVBT.

Drawdown Indicators

	OCTU	NVBT	Difference
Max Drawdown Largest peak-to-trough decline	-11.24%	-12.90%	+1.66%
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	-6.21%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.90%	—
Current Drawdown Current decline from peak	-0.58%	0.00%	-0.58%
Average Drawdown Average peak-to-trough decline	-1.70%	-1.33%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	1.31%	+0.33%

Volatility

OCTU vs. NVBT - Volatility Comparison

AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF (OCTU) has a higher volatility of 3.37% compared to Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT) at 2.69%. This indicates that OCTU's price experiences larger fluctuations and is considered to be riskier than NVBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCTU	NVBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	2.69%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	7.81%	6.98%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	9.94%	8.41%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.71%	10.31%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.71%	10.31%	+0.40%

OCTU vs. NVBT - Expense Ratio Comparison

Both OCTU and NVBT have an expense ratio of 0.74%.

Dividends

OCTU vs. NVBT - Dividend Comparison

Neither OCTU nor NVBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OCTU and NVBT in my portfolio?

With a correlation of 0.94, OCTU and NVBT 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 is riskier, OCTU or NVBT?

OCTU has higher volatility (3.37%) compared to NVBT (2.69%). In terms of maximum drawdown, OCTU dropped -11.24% vs NVBT's -12.90%.

Which ETF is better, OCTU or NVBT?

On 1-year performance, OCTU leads with 16.47% vs 16.18% for NVBT. Both ETFs have the same 0.74% expense ratio. On volatility, NVBT has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OCTU or NVBT?

Over the 1-year period, OCTU has performed better with a 16.47% return vs 16.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OCTU or NVBT?

OCTU and NVBT have the same expense ratio: 0.74% per year.

Which ETF pays a higher dividend yield, OCTU or NVBT?

OCTU and NVBT have nearly identical dividend yields, around 0.00%.

What is the main difference between OCTU and NVBT?

OCTU is categorized as Defined Outcome, while NVBT is Options Trading.

Which has better risk-adjusted returns?

NVBT currently has the higher Sharpe Ratio (1.94 vs 1.67), 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.