XOCT vs. APRW

Last updated Jun 24, 2026

XOCT (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - October) and APRW (AllianzIM U.S. Large Cap Buffer20 Apr ETF) are both Options Trading funds. Both are actively managed. Over the past year, XOCT returned 11.32% vs 11.57% for APRW. A 0.78 correlation means they provide meaningful diversification when combined. XOCT charges 0.85%/yr vs 0.74%/yr for APRW.

Performance

XOCT vs. APRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - October (XOCT) and AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOCT achieves a 4.16% return, which is significantly lower than APRW's 5.94% return.

XOCT

• 1D: -0.28%
• 1M: 0.27%
• YTD: 4.16%
• 6M: 3.99%
• 1Y: 11.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APRW

• 1D: -0.30%
• 1M: 0.01%
• YTD: 5.94%
• 6M: 6.07%
• 1Y: 11.57%
• 3Y*: 9.84%
• 5Y*: 6.97%
• 10Y*: —

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

XOCT vs. APRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XOCT FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - October	4.16%	10.30%	7.00%	0.21%
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	5.94%	6.18%	11.25%	5.96%

Correlation

The correlation between XOCT and APRW is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Oct 23, 2023	0.78

The correlation between XOCT and APRW has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

Return for Risk

XOCT vs. APRW — Risk / Return Rank

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

XOCT

XOCT Risk / Return Rank: 84
XOCT Sharpe Ratio Rank: 84
XOCT Sortino Ratio Rank: 89
XOCT Omega Ratio Rank: 91
XOCT Calmar Ratio Rank: 69
XOCT Martin Ratio Rank: 87

APRW

APRW Risk / Return Rank: 98
APRW Sharpe Ratio Rank: 97
APRW Sortino Ratio Rank: 98
APRW Omega Ratio Rank: 98
APRW Calmar Ratio Rank: 98
APRW Martin Ratio Rank: 98

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.

XOCT vs. APRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - October (XOCT) and AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW). 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.

	XOCT	APRW	Difference
Sharpe ratio: Return per unit of total volatility	2.42	4.35	-1.93
Sortino ratio: Return per unit of downside risk	3.61	7.57	-3.96
Omega ratio: Gain probability vs. loss probability	1.54	2.07	-0.53
Calmar ratio: Return relative to maximum drawdown	3.13	13.01	-9.88
Martin ratio: Return relative to average drawdown	16.83	68.66	-51.83

XOCT vs. APRW - Sharpe Ratio Comparison

The current XOCT Sharpe Ratio is 2.42, which is lower than the APRW Sharpe Ratio of 4.35. The chart below compares the historical Sharpe Ratios of XOCT and APRW, 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

XOCT vs. APRW - Drawdown Comparison

The maximum XOCT drawdown since its inception was -10.00%, roughly equal to the maximum APRW drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for XOCT and APRW.

Drawdown Indicators

	XOCT	APRW	Difference
Max Drawdown Largest peak-to-trough decline	-10.00%	-9.61%	-0.39%
Max Drawdown (1Y) Largest decline over 1 year	-3.63%	-0.89%	-2.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.61%	—
Current Drawdown Current decline from peak	-0.39%	-0.46%	+0.07%
Average Drawdown Average peak-to-trough decline	-0.64%	-1.11%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	0.17%	+0.50%

Volatility

XOCT vs. APRW - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - October (XOCT) is 1.06%, while AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW) has a volatility of 1.14%. This indicates that XOCT experiences smaller price fluctuations and is considered to be less risky than APRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOCT	APRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	1.14%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	3.94%	2.13%	+1.81%
Volatility (1Y) Calculated over the trailing 1-year period	4.71%	2.71%	+2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.61%	6.73%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.61%	6.40%	+1.21%

XOCT vs. APRW - Expense Ratio Comparison

XOCT has a 0.85% expense ratio, which is higher than APRW's 0.74% expense ratio.

Dividends

XOCT vs. APRW - Dividend Comparison

Neither XOCT nor APRW has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.67%
XOCT FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - October	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XOCT and APRW in my portfolio?

XOCT and APRW have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOCT or APRW?

APRW has higher volatility (1.14%) compared to XOCT (1.06%). In terms of maximum drawdown, XOCT dropped -10.00% vs APRW's -9.61%.

Which ETF is better, XOCT or APRW?

On 1-year performance, APRW leads with 11.57% vs 11.32% for XOCT. On fees, APRW is cheaper at 0.74% per year. 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, XOCT or APRW?

Over the 1-year period, APRW has performed better with a 11.57% return vs 11.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOCT or APRW?

APRW is cheaper with a 0.74% expense ratio, compared with 0.85% for XOCT.

Which ETF pays a higher dividend yield, XOCT or APRW?

XOCT and APRW have nearly identical dividend yields, around 0.00%.

What is the main difference between XOCT and APRW?

They also come from different issuers: FT Vest and Allianz. Their fees differ too: 0.85% for XOCT and 0.74% for APRW.

Which has better risk-adjusted returns?

APRW currently has the higher Sharpe Ratio (4.35 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.