OCTU vs. NVBU

Last updated Jun 3, 2026

OCTU (AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF) and NVBU (AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF) are both Defined Outcome funds from AllianzIM. Both are actively managed. Over the past year, OCTU returned 21.23% vs 21.83% for NVBU. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.74% expense ratio.

Performance

OCTU vs. NVBU - 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. Equity Buffer15 Uncapped Nov ETF (NVBU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with OCTU having a 8.43% return and NVBU slightly lower at 8.19%.

OCTU

• 1D: 0.13%
• 1M: 4.15%
• YTD: 8.43%
• 6M: 8.51%
• 1Y: 21.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVBU

• 1D: 0.11%
• 1M: 4.17%
• YTD: 8.19%
• 6M: 8.30%
• 1Y: 21.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OCTU vs. NVBU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OCTU AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF	8.43%	12.37%	1.70%
NVBU AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF	8.19%	13.27%	1.73%

Correlation

The correlation between OCTU and NVBU is 0.97 - 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 (1Y) Calculated over the trailing 1-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024	0.98

The correlation between OCTU and NVBU has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

OCTU vs. NVBU — Risk / Return Rank

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

OCTU

OCTU Risk / Return Rank: 73
OCTU Sharpe Ratio Rank: 74
OCTU Sortino Ratio Rank: 75
OCTU Omega Ratio Rank: 71
OCTU Calmar Ratio Rank: 71
OCTU Martin Ratio Rank: 77

NVBU

NVBU Risk / Return Rank: 75
NVBU Sharpe Ratio Rank: 72
NVBU Sortino Ratio Rank: 73
NVBU Omega Ratio Rank: 72
NVBU Calmar Ratio Rank: 78
NVBU Martin Ratio Rank: 81

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.

OCTU vs. NVBU - 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. Equity Buffer15 Uncapped Nov ETF (NVBU). 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.

	OCTU	NVBU	Difference
Sharpe ratio Return per unit of total volatility	2.46	2.42	+0.04
Sortino ratio Return per unit of downside risk	3.46	3.39	+0.07
Omega ratio Gain probability vs. loss probability	1.43	1.44	-0.01
Calmar ratio Return relative to maximum drawdown	3.61	4.09	-0.48
Martin ratio Return relative to average drawdown	15.13	16.38	-1.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OCTU vs. NVBU - Sharpe Ratio Comparison

The current OCTU Sharpe Ratio is 2.46, which is comparable to the NVBU Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of OCTU and NVBU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OCTU	NVBU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.42	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	1.37	-0.03

Drawdowns

OCTU vs. NVBU - Drawdown Comparison

The maximum OCTU drawdown since its inception was -11.24%, smaller than the maximum NVBU drawdown of -11.97%. Use the drawdown chart below to compare losses from any high point for OCTU and NVBU.

Drawdown Indicators

	OCTU	NVBU	Difference
Max Drawdown Largest peak-to-trough decline	-11.24%	-11.97%	+0.73%
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	-5.38%	-0.54%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.68%	-1.79%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	1.34%	+0.07%

Volatility

OCTU vs. NVBU - Volatility Comparison

AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF (OCTU) and AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU) have volatilities of 2.48% and 2.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCTU	NVBU	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	2.44%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	6.22%	6.13%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	8.68%	9.06%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.39%	11.05%	-0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.39%	11.05%	-0.66%

OCTU vs. NVBU - Expense Ratio Comparison

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

Dividends

OCTU vs. NVBU - Dividend Comparison

Neither OCTU nor NVBU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OCTU and NVBU in my portfolio?

With a correlation of 0.97, OCTU and NVBU 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 NVBU?

OCTU has higher volatility (2.48%) compared to NVBU (2.44%). In terms of maximum drawdown, OCTU dropped -11.24% vs NVBU's -11.97%.

Which ETF is better, OCTU or NVBU?

On 1-year performance, NVBU leads with 21.83% vs 21.23% for OCTU. Both ETFs have the same 0.74% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OCTU or NVBU?

Over the 1-year period, NVBU has performed better with a 21.83% return vs 21.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OCTU or NVBU?

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

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

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

Which has better risk-adjusted returns?

OCTU currently has the higher Sharpe Ratio (2.46 vs 2.42), 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.