OCTZ vs. AUGZ

Last updated Jun 23, 2026

OCTZ (TrueShares Structured Outcome (October) ETF) and AUGZ (TrueShares Structured Outcome (August) ETF) are both Defined Outcome funds from TrueShares. OCTZ is actively managed, while AUGZ is passively managed. Over the past 5 years, OCTZ returned 10.79%/yr vs 10.53%/yr for AUGZ. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.79% expense ratio.

Performance

OCTZ vs. AUGZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (October) ETF (OCTZ) and TrueShares Structured Outcome (August) ETF (AUGZ). 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 OCTZ having a 7.18% return and AUGZ slightly lower at 7.08%.

OCTZ

• 1D: -0.38%
• 1M: -0.02%
• YTD: 7.18%
• 6M: 6.91%
• 1Y: 19.51%
• 3Y*: 15.55%
• 5Y*: 10.79%
• 10Y*: —

AUGZ

• 1D: -0.39%
• 1M: 0.08%
• YTD: 7.08%
• 6M: 6.74%
• 1Y: 19.59%
• 3Y*: 15.58%
• 5Y*: 10.53%
• 10Y*: —

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

OCTZ vs. AUGZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OCTZ TrueShares Structured Outcome (October) ETF	7.18%	12.89%	18.89%	18.18%	-10.23%	20.49%	8.44%
AUGZ TrueShares Structured Outcome (August) ETF	7.08%	13.49%	17.99%	17.32%	-10.41%	20.74%	9.16%

Correlation

The correlation between OCTZ and AUGZ is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 1, 2020	0.98

The correlation between OCTZ and AUGZ has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

OCTZ vs. AUGZ — Risk / Return Rank

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

OCTZ

OCTZ Risk / Return Rank: 60
OCTZ Sharpe Ratio Rank: 61
OCTZ Sortino Ratio Rank: 59
OCTZ Omega Ratio Rank: 59
OCTZ Calmar Ratio Rank: 56
OCTZ Martin Ratio Rank: 63

AUGZ

AUGZ Risk / Return Rank: 60
AUGZ Sharpe Ratio Rank: 61
AUGZ Sortino Ratio Rank: 59
AUGZ Omega Ratio Rank: 60
AUGZ Calmar Ratio Rank: 57
AUGZ Martin Ratio Rank: 64

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.

OCTZ vs. AUGZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (October) ETF (OCTZ) and TrueShares Structured Outcome (August) ETF (AUGZ). 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.

	OCTZ	AUGZ	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.97	+0.01
Sortino ratio: Return per unit of downside risk	2.71	2.69	+0.02
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	2.68	2.72	-0.04
Martin ratio: Return relative to average drawdown	11.03	11.29	-0.25

OCTZ vs. AUGZ - Sharpe Ratio Comparison

The current OCTZ Sharpe Ratio is 1.97, which is comparable to the AUGZ Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of OCTZ and AUGZ, 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

OCTZ vs. AUGZ - Drawdown Comparison

The maximum OCTZ drawdown since its inception was -15.82%, roughly equal to the maximum AUGZ drawdown of -15.67%. Use the drawdown chart below to compare losses from any high point for OCTZ and AUGZ.

Drawdown Indicators

	OCTZ	AUGZ	Difference
Max Drawdown Largest peak-to-trough decline	-15.82%	-15.67%	-0.15%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	-7.23%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-14.07%	-14.52%	+0.45%
Max Drawdown (5Y) Largest decline over 5 years	-15.82%	-15.67%	-0.15%
Current Drawdown Current decline from peak	-1.45%	-1.64%	+0.19%
Average Drawdown Average peak-to-trough decline	-3.15%	-3.10%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	1.74%	+0.03%

Volatility

OCTZ vs. AUGZ - Volatility Comparison

TrueShares Structured Outcome (October) ETF (OCTZ) and TrueShares Structured Outcome (August) ETF (AUGZ) have volatilities of 3.82% and 3.84%, 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

	OCTZ	AUGZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	3.84%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	7.98%	7.95%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	9.94%	10.02%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.48%	12.05%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.41%	12.14%	+0.27%

OCTZ vs. AUGZ - Expense Ratio Comparison

Both OCTZ and AUGZ have an expense ratio of 0.79%.

Dividends

OCTZ vs. AUGZ - Dividend Comparison

OCTZ's dividend yield for the trailing twelve months is around 3.72%, more than AUGZ's 3.39% yield.

Position	TTM	2025	2024	2023	2022
AUGZ TrueShares Structured Outcome (August) ETF	3.39%	3.63%	4.08%	3.42%	0.41%
OCTZ TrueShares Structured Outcome (October) ETF	3.72%	3.99%	1.26%	3.28%	0.67%

Frequently Asked Questions

Can I hold both OCTZ and AUGZ in my portfolio?

With a correlation of 0.96, OCTZ and AUGZ 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, OCTZ or AUGZ?

AUGZ has higher volatility (3.84%) compared to OCTZ (3.82%). In terms of maximum drawdown, OCTZ dropped -15.82% vs AUGZ's -15.67%.

Which ETF is better, OCTZ or AUGZ?

On 5-year performance, OCTZ leads with 10.79% vs 10.53% for AUGZ. Both ETFs have the same 0.79% 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, OCTZ or AUGZ?

Over the 5-year period, OCTZ has performed better with a 10.79% return vs 10.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OCTZ or AUGZ?

OCTZ and AUGZ have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, OCTZ or AUGZ?

OCTZ has the higher dividend yield at 3.72%, compared with 3.39% for AUGZ.

Which has better risk-adjusted returns?

OCTZ currently has the higher Sharpe Ratio (1.97 vs 1.97), 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.