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ETFs

AllianzIM U.S. Large Cap Buffer20 Oct ETF

OCTW
$--
Today’s Change
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Snapshot
*

Inception Date
Sep 30 2020
Expense Ratio
0.74%
Type
US Equities
Fund Owner
AllianzIM
Volume (1m avg. daily)
$450,880
AUM
$150,097,500
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 09/29/2023 2.68 C
101.29%
n/a
SPY 09/29/2023 357.22 P
2.96%
Cash&Other
Cash&Other
0.34%
n/a
SPY 09/29/2023 285.74 P
-0.90%
n/a
SPY 09/29/2023 418.54 C
-3.69%
Invest with OCTW

What is OCTW?

The AllianzIM U.S. Large Cap Buffer20 Oct ETF (the Fund ) seeks to match the returns of the S&P 500 Index up to a stated upside Cap, while providing a Buffer against the first 20% of the S&P 500 Index losses for the currently effective Outcome Period from October 1, 2020 to September 30, 2021.

ETFs related toOCTW

ETFs correlated to OCTW include DFSU, GJAN, AVGE

OCTW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Oct ETF
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
GJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
POCT
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - October
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toOCTW

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with OCTW using Composer

FAQ

OCTW is a US Equities ETF. The AllianzIM U.S. Large Cap Buffer20 Oct ETF (the Fund ) seeks to match the returns of the S&P 500 Index up to a stated upside Cap, while providing a Buffer against the first 20% of the S&P 500 Index losses for the currently effective Outcome Period from October 1, 2020 to September 30, 2021.

OCTW tracks the S&P 500 Index.

No, OCTW is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, OCTW is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OCTW is 0.0004%. This is the percent change in the value of OCTW over the most recent 1-month period. The 3-month return on OCTW is 0.0357%. This is the percent change in the value of OCTW over the most recent 3-month period.

The standard deviation of OCTW for the past year is 0.0857%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OCTW include IVV, SPXL, and SPY.

ETFs correlated to OCTW include DFSU, GJAN, and AVGE.

ETFs that are inversely correlated to OCTW include SPXS, SPXU, and SPDN.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.