OCTW vs. NAPR
Compare and contrast key facts about AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW) and Innovator Nasdaq-100 Power Buffer ETF - April (NAPR).
OCTW and NAPR 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. NAPR is a passively managed fund by Innovator that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 31, 2020. Both OCTW and NAPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
OCTW vs. NAPR - Performance Comparison
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OCTW vs. NAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OCTW AllianzIM U.S. Equity Buffer20 Oct ETF | -0.95% | 9.68% | 8.67% | 17.57% | 0.54% | 6.48% | 4.11% |
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 2.50% | 6.56% | 13.29% | 30.60% | -12.13% | 9.09% | 1.70% |
Returns By Period
In the year-to-date period, OCTW achieves a -0.95% return, which is significantly lower than NAPR's 2.50% return.
OCTW
- 1D
- 0.42%
- 1M
- -1.55%
- YTD
- -0.95%
- 6M
- 0.51%
- 1Y
- 9.74%
- 3Y*
- 9.86%
- 5Y*
- 7.86%
- 10Y*
- —
NAPR
- 1D
- 0.77%
- 1M
- 1.42%
- YTD
- 2.50%
- 6M
- 4.41%
- 1Y
- 14.86%
- 3Y*
- 12.23%
- 5Y*
- 8.85%
- 10Y*
- —
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OCTW vs. NAPR - Expense Ratio Comparison
OCTW has a 0.74% expense ratio, which is lower than NAPR's 0.79% expense ratio.
Return for Risk
OCTW vs. NAPR — Risk / Return Rank
OCTW
NAPR
OCTW vs. NAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW) and Innovator Nasdaq-100 Power Buffer ETF - April (NAPR). 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 | NAPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.54 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.80 | 2.48 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.53 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.04 | -0.34 |
Martin ratioReturn relative to average drawdown | 9.08 | 14.98 | -5.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OCTW | NAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.54 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 0.79 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 0.96 | +0.38 |
Correlation
The correlation between OCTW and NAPR is 0.75, 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. NAPR - Dividend Comparison
Neither OCTW nor NAPR has paid dividends to shareholders.
Drawdowns
OCTW vs. NAPR - Drawdown Comparison
The maximum OCTW drawdown since its inception was -8.38%, smaller than the maximum NAPR drawdown of -16.53%. Use the drawdown chart below to compare losses from any high point for OCTW and NAPR.
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Drawdown Indicators
| OCTW | NAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.38% | -16.53% | +8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -5.86% | -7.53% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -8.38% | -16.53% | +8.15% |
Current DrawdownCurrent decline from peak | -1.93% | 0.00% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -2.34% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.03% | +0.07% |
Volatility
OCTW vs. NAPR - Volatility Comparison
AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW) has a higher volatility of 2.45% compared to Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) at 0.95%. This indicates that OCTW's price experiences larger fluctuations and is considered to be riskier than NAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCTW | NAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 0.95% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.09% | 2.35% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.04% | 9.68% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 11.30% | -5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.19% | 10.71% | -4.52% |