SEPW vs. OCTQ

Last updated Jun 6, 2026

SEPW (AllianzIM U.S. Large Cap Buffer20 Sep ETF) and OCTQ (Innovator Premium Income 40 Barrier ETF - October) are both Options Trading funds. Both are actively managed. SEPW charges 0.74%/yr vs 0.79%/yr for OCTQ.

Performance

SEPW vs. OCTQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 Sep ETF (SEPW) and Innovator Premium Income 40 Barrier ETF - October (OCTQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SEPW

• 1D: -0.42%
• 1M: 0.55%
• YTD: 3.80%
• 6M: 4.23%
• 1Y: 12.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OCTQ

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEPW vs. OCTQ - Yearly Performance Comparison

	2026 (YTD)
SEPW AllianzIM U.S. Large Cap Buffer20 Sep ETF	3.02%
OCTQ Innovator Premium Income 40 Barrier ETF - October	0.00%

SEPW vs. OCTQ - Sectors Allocation Comparison

Sectors	SEPW	OCTQ
Technology	36.2%	35.3%
Financial Services	11.9%	13.4%
Communication Services	10.9%	9.9%
Consumer Cyclical	10.1%	10.6%
Healthcare	8.4%	8.8%
Industrials	8.1%	7.8%
Consumer Defensive	4.9%	5.2%
Energy	3.5%	3.0%
Utilities	2.3%	2.5%
Real Estate	1.9%	2.0%
Basic Materials	1.8%	1.6%

Return for Risk

SEPW vs. OCTQ — Risk / Return Rank

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

SEPW

SEPW Risk / Return Rank: 87
SEPW Sharpe Ratio Rank: 86
SEPW Sortino Ratio Rank: 89
SEPW Omega Ratio Rank: 90
SEPW Calmar Ratio Rank: 80
SEPW Martin Ratio Rank: 91

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.

SEPW vs. OCTQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Sep ETF (SEPW) and Innovator Premium Income 40 Barrier ETF - October (OCTQ). 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.

	SEPW	OCTQ	Difference
Sharpe ratio: Return per unit of total volatility	2.64	—	—
Sortino ratio: Return per unit of downside risk	3.81	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	3.90	—	—
Martin ratio: Return relative to average drawdown	20.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SEPW	OCTQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	—	—

Drawdowns

SEPW vs. OCTQ - Drawdown Comparison

The maximum SEPW drawdown since its inception was -8.43%, which is greater than OCTQ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SEPW and OCTQ.

Drawdown Indicators

	SEPW	OCTQ	Difference
Max Drawdown Largest peak-to-trough decline	-8.43%	0.00%	-8.43%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	—	—
Current Drawdown Current decline from peak	-0.42%	0.00%	-0.42%
Average Drawdown Average peak-to-trough decline	-0.64%	0.00%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	—	—

Volatility

Volatility by Period

	SEPW	OCTQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.72%	0.00%	+4.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.45%	0.00%	+6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.45%	0.00%	+6.45%

SEPW vs. OCTQ - Expense Ratio Comparison

SEPW has a 0.74% expense ratio, which is lower than OCTQ's 0.79% expense ratio.

Dividends

SEPW vs. OCTQ - Dividend Comparison

Neither SEPW nor OCTQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, SEPW or OCTQ?

On fees, SEPW is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEPW or OCTQ?

SEPW is cheaper with a 0.74% expense ratio, compared with 0.79% for OCTQ.

Which ETF pays a higher dividend yield, SEPW or OCTQ?

SEPW and OCTQ have nearly identical dividend yields, around 0.00%.

What is the main difference between SEPW and OCTQ?

They also come from different issuers: Allianz and Innovator. Their fees differ too: 0.74% for SEPW and 0.79% for OCTQ.