AMDY vs. HOCT

Last updated Jun 4, 2026

AMDY (YieldMax AMD Option Income Strategy ETF) and HOCT (Innovator Premium Income 9 Buffer ETF - October) are both Options Trading funds. Both are actively managed. AMDY charges 0.99%/yr vs 0.79%/yr for HOCT.

Performance

AMDY vs. HOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AMD Option Income Strategy ETF (AMDY) and Innovator Premium Income 9 Buffer ETF - October (HOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMDY

• 1D: 3.39%
• 1M: 46.76%
• YTD: 110.49%
• 6M: 111.80%
• 1Y: 240.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOCT

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDY vs. HOCT - Yearly Performance Comparison

	2026 (YTD)
AMDY YieldMax AMD Option Income Strategy ETF	130.40%
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%

Return for Risk

AMDY vs. HOCT — Risk / Return Rank

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

AMDY

AMDY Risk / Return Rank: 93
AMDY Sharpe Ratio Rank: 97
AMDY Sortino Ratio Rank: 92
AMDY Omega Ratio Rank: 92
AMDY Calmar Ratio Rank: 96
AMDY Martin Ratio Rank: 88

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.

AMDY vs. HOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AMD Option Income Strategy ETF (AMDY) and Innovator Premium Income 9 Buffer ETF - October (HOCT). 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.

	AMDY	HOCT	Difference
Sharpe ratio: Return per unit of total volatility	4.53	—	—
Sortino ratio: Return per unit of downside risk	4.54	—	—
Omega ratio: Gain probability vs. loss probability	1.64	—	—
Calmar ratio: Return relative to maximum drawdown	8.77	—	—
Martin ratio: Return relative to average drawdown	19.77	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AMDY	HOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	—	—

Drawdowns

AMDY vs. HOCT - Drawdown Comparison

The maximum AMDY drawdown since its inception was -53.92%, which is greater than HOCT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for AMDY and HOCT.

Drawdown Indicators

	AMDY	HOCT	Difference
Max Drawdown Largest peak-to-trough decline	-53.92%	0.00%	-53.92%
Max Drawdown (1Y) Largest decline over 1 year	-27.59%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-18.02%	0.00%	-18.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.22%	—	—

Volatility

Volatility by Period

	AMDY	HOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	53.40%	0.00%	+53.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.01%	0.00%	+46.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.01%	0.00%	+46.01%

AMDY vs. HOCT - Expense Ratio Comparison

AMDY has a 0.99% expense ratio, which is higher than HOCT's 0.79% expense ratio.

Dividends

AMDY vs. HOCT - Dividend Comparison

AMDY's dividend yield for the trailing twelve months is around 54.91%, while HOCT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	54.91%	80.68%	109.98%	6.68%
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, AMDY or HOCT?

On fees, HOCT is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMDY or HOCT?

HOCT is cheaper with a 0.79% expense ratio, compared with 0.99% for AMDY.

Which ETF pays a higher dividend yield, AMDY or HOCT?

AMDY has the higher dividend yield at 54.91%, compared with 0.00% for HOCT.

What is the main difference between AMDY and HOCT?

They also come from different issuers: YieldMax and Innovator. Their fees differ too: 0.99% for AMDY and 0.79% for HOCT.