OCTW vs SPY
AllianzIM US Equity Buffer20 Oct ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | OCTW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.09% | |
| AUM | $323M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +6.90% | +13.47% | |
| 1Y Return | +9.94% | +20.57% | |
| 3Y Return (annualized) | +10.66% | +21.83% | |
| 5Y Return (annualized) | +9.16% | +12.88% | |
| Volatility (annualized) | 5.1% | 15.3% | |
| Max Drawdown | -8.4% | -56.5% | |
| Fund Family | AllianzIM | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Sep 30, 2020 | Jan 22, 1993 |
OCTW vs SPY Performance
AllianzIM US Equity Buffer20 Oct ETF (OCTW) is a ETF from AllianzIM and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OCTW returned +9.94% while SPY returned +20.57%. Year to date, OCTW is up 6.90% versus a gain of 13.47% for SPY.
Over three years, OCTW compounded at +10.66% per year against +21.83% for SPY; over five years the annualized figures are +9.16% and +12.88% respectively. Across the full 6-year window we track, OCTW has the edge at +9.08% annualized vs +8.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.1% for OCTW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -8.4% for OCTW and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OCTW charges 0.74% per year while SPY charges 0.09%. On a $10,000 position that is $74 vs $9 annually, a gap of $65 per year that compounds over a long holding period. On income, OCTW currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, OCTW or SPY?
OCTW has an expense ratio of 0.74% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, OCTW or SPY?
Over the past year OCTW returned +9.94% vs +20.57% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), OCTW annualized +9.08% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, OCTW or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.1% for OCTW. Worst drawdown: OCTW -8.4% vs SPY -56.5%.
Should I hold both OCTW and SPY?
OCTW and SPY have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, OCTW or SPY?
OCTW yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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