Beyond the Terminal Payoff Diagram: How the Industry Explains Buffered ETFs — and Why It Falls Short

OCMR Investment Perspectives, Volume 2.3 — August 2026
Traditional buffered ETF payoff diagrams show what investors can expect at the end of an outcome period, but they reveal much less about how these products behave along the way. Erik Ogard examines mark-to-market pricing, remaining option value and forward scenario analysis to provide a more complete picture of buffered ETF behavior.

Buffered ETFs and Retirement Risk: Erik Ogard Discusses Downside Protection with TheStreet

Buffered ETFs can provide defined downside protection in exchange for limiting some potential market upside.
TheStreet explores how buffered ETFs use options strategies to provide defined downside protection in exchange for limited upside. The article examines their potential role in retirement portfolios, particularly for investors concerned about market volatility and sequence-of-returns risk.

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