- Issuer
- Innovator
- Inception Date
- Sep 30, 2019
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- Russell 2000 Price Return Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $142M
Share Price Chart
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Performance
KOCT Performance Chart
Innovator U.S. Small Cap Power Buffer ETF - October (KOCT) is up 8.7% since the beginning of the year. KOCT is currently trading at $37 per share. Investors who bought $1,000 worth of KOCT shares 5 years ago would now be looking at an investment worth $1,369.
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Returns By Period
Innovator U.S. Small Cap Power Buffer ETF - October (KOCT) has returned 8.72% so far this year and 22.22% over the past 12 months.
Innovator U.S. Small Cap Power Buffer ETF - October
- 1D
- -0.31%
- 1M
- 1.83%
- YTD
- 8.72%
- 6M
- 8.65%
- 1Y
- 22.22%
- 3Y*
- 11.49%
- 5Y*
- 6.48%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
KOCT Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2019, KOCT's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +6.8%, while the worst month was Mar 2020 at -11.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.
On a daily basis, KOCT closed higher 52% of trading days. The best single day was Mar 17, 2020 with a return of +5.8%, while the worst single day was Mar 16, 2020 at -9.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.45% | 0.66% | -2.30% | 6.07% | 1.99% | -0.26% | 8.72% | ||||||
| 2025 | 1.76% | -2.75% | -3.25% | -1.31% | 2.79% | 2.73% | 0.68% | 4.56% | 2.84% | 0.84% | 0.69% | 0.43% | 10.14% |
| 2024 | -1.38% | 2.80% | 2.03% | -2.86% | 3.52% | -0.13% | 3.93% | 0.94% | 1.24% | -0.56% | 4.97% | -3.53% | 11.08% |
| 2023 | 6.27% | -0.66% | -2.66% | -0.88% | -0.79% | 6.16% | 4.65% | -3.73% | -5.88% | -3.81% | 5.36% | 5.74% | 9.02% |
| 2022 | -4.94% | 0.62% | 0.77% | -5.41% | 0.91% | -4.23% | 6.67% | 0.03% | -6.14% | 5.05% | 2.03% | -2.60% | -7.87% |
| 2021 | 0.07% | 1.59% | 0.53% | 0.57% | 0.56% | 0.00% | 0.22% | 0.13% | 0.20% | 2.23% | -1.78% | 1.26% | 5.67% |
Benchmark Metrics
Innovator U.S. Small Cap Power Buffer ETF - October has an annualized alpha of -2.23%, beta of 0.60, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since October 02, 2019.
- This ETF participated in 70.53% of S&P 500 Index downside but only 50.00% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.23% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 0.60 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -2.23%
- Beta
- 0.60
- R²
- 0.68
- Upside Capture
- 50.00%
- Downside Capture
- 70.53%
Expense Ratio
KOCT has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KOCT ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF - October (KOCT) and compare them to S&P 500 Index.
| KOCT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.50 | 2.93 | +1.58 |
| Martin ratioReturn relative to average drawdown | 16.08 | 13.52 | +2.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Innovator U.S. Small Cap Power Buffer ETF - October provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Innovator U.S. Small Cap Power Buffer ETF - October. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator U.S. Small Cap Power Buffer ETF - October. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator U.S. Small Cap Power Buffer ETF - October was 28.22%, occurring on Mar 18, 2020. Recovery took 175 trading sessions.
The current Innovator U.S. Small Cap Power Buffer ETF - October drawdown is 0.37%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -28.22%Mar 2020 | 26d | 8mo 11d | 9mo 7dFeb 2020 - Nov 2020 |
Bear market2022 | -16.63%Jun 2022 | 7mo 9d | 1y 1mo | 1y 8moNov 2021 - Jul 2023 |
2025 selloff2025 | -15.03%Apr 2025 | 4mo 13d | 4mo 7d | 8mo 20dNov 2024 - Aug 2025 |
2023 correction2023 | -13.80%Oct 2023 | 2mo 27d | 5mo 2d | 7mo 29dAug 2023 - Mar 2024 |
2026 pullback2026 | -4.95%Mar 2026 | 2mo 6d | 14d | 2mo 20dJan 2026 - Apr 2026 |
Drawdown Indicators
| KOCT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.22% | -56.78% | +28.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.95% | -9.10% | +4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -18.90% | +3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | -25.43% | +8.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.74% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -10.72% | +6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.97% | -0.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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