OCTW vs. DECW

Last updated Apr 1, 2026

Compare and contrast key facts about AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW) and Allianzim U.S. Large Cap Buffer20 Dec ETF (DECW).

OCTW and DECW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCTW is a passively managed fund by Allianz that tracks the performance of the SPDR S&P 500 ETF Trust. It was launched on Sep 30, 2020. DECW is an actively managed fund by Allianz. It was launched on Nov 30, 2022.

Performance

OCTW vs. DECW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW) and Allianzim U.S. Large Cap Buffer20 Dec ETF (DECW). The values are adjusted to include any dividend payments, if applicable.

OCTW vs. DECW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OCTW AllianzIM U.S. Equity Buffer20 Oct ETF	-1.36%	9.68%	8.67%	17.57%	-1.66%
DECW Allianzim U.S. Large Cap Buffer20 Dec ETF	-1.56%	11.57%	8.64%	16.16%	-2.77%

Returns By Period

In the year-to-date period, OCTW achieves a -1.36% return, which is significantly higher than DECW's -1.56% return.

OCTW

• 1D: 1.37%
• 1M: -2.01%
• YTD: -1.36%
• 6M: 0.36%
• 1Y: 9.54%
• 3Y*: 9.71%
• 5Y*: 7.77%
• 10Y*: —

DECW

• 1D: 1.33%
• 1M: -2.08%
• YTD: -1.56%
• 6M: 1.27%
• 1Y: 11.55%
• 3Y*: 9.84%
• 5Y*: —
• 10Y*: —

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

OCTW vs. DECW - Expense Ratio Comparison

Both OCTW and DECW have an expense ratio of 0.74%.

OCTW

AllianzIM U.S. Equity Buffer20 Oct ETF

DECW

Allianzim U.S. Large Cap Buffer20 Dec ETF

Return for Risk

OCTW vs. DECW — Risk / Return Rank

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

OCTW

OCTW Risk / Return Rank: 72
OCTW Sharpe Ratio Rank: 67
OCTW Sortino Ratio Rank: 69
OCTW Omega Ratio Rank: 76
OCTW Calmar Ratio Rank: 66
OCTW Martin Ratio Rank: 81

DECW

DECW Risk / Return Rank: 79
DECW Sharpe Ratio Rank: 73
DECW Sortino Ratio Rank: 77
DECW Omega Ratio Rank: 80
DECW Calmar Ratio Rank: 76
DECW Martin Ratio Rank: 87

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.

OCTW vs. DECW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW) and Allianzim U.S. Large Cap Buffer20 Dec ETF (DECW). 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.

	OCTW	DECW	Difference
Sharpe ratio Return per unit of total volatility	1.19	1.36	-0.16
Sortino ratio Return per unit of downside risk	1.76	2.03	-0.26
Omega ratio Gain probability vs. loss probability	1.29	1.32	-0.03
Calmar ratio Return relative to maximum drawdown	1.68	2.08	-0.39
Martin ratio Return relative to average drawdown	9.02	10.79	-1.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OCTW vs. DECW - Sharpe Ratio Comparison

The current OCTW Sharpe Ratio is 1.19, which is comparable to the DECW Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of OCTW and DECW, 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

	OCTW	DECW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.36	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.31	+0.02

Correlation

The correlation between OCTW and DECW is 0.86, 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

OCTW vs. DECW - Dividend Comparison

Neither OCTW nor DECW has paid dividends to shareholders.

	TTM	2025	2024
OCTW AllianzIM U.S. Equity Buffer20 Oct ETF	0.00%	0.00%	0.00%
DECW Allianzim U.S. Large Cap Buffer20 Dec ETF	0.00%	0.00%	1.17%

Drawdowns

OCTW vs. DECW - Drawdown Comparison

The maximum OCTW drawdown since its inception was -8.38%, roughly equal to the maximum DECW drawdown of -8.76%. Use the drawdown chart below to compare losses from any high point for OCTW and DECW.

Drawdown Indicators

	OCTW	DECW	Difference
Max Drawdown Largest peak-to-trough decline	-8.38%	-8.76%	+0.38%
Max Drawdown (1Y) Largest decline over 1 year	-5.86%	-5.67%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-8.38%	—	—
Current Drawdown Current decline from peak	-2.33%	-2.58%	+0.25%
Average Drawdown Average peak-to-trough decline	-0.84%	-0.90%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	1.09%	0.00%

Volatility

OCTW vs. DECW - Volatility Comparison

AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW) and Allianzim U.S. Large Cap Buffer20 Dec ETF (DECW) have volatilities of 2.42% and 2.54%, 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

	OCTW	DECW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	2.54%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	4.07%	4.47%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	8.03%	8.56%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.25%	7.22%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.19%	7.22%	-1.03%