BOCT vs. AGG
BOCT (Innovator U.S. Equity Buffer ETF October) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - BOCT is a Defined Outcome fund tracking the S&P 500 Price Return Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, BOCT returned 10.33%/yr vs 0.06%/yr for AGG. At a 0.10 correlation, their price movements are largely independent. BOCT charges 0.79%/yr vs 0.03%/yr for AGG.
Performance
BOCT vs. AGG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BOCT achieves a 6.34% return, which is significantly higher than AGG's 0.52% return.
BOCT
- 1D
- 0.30%
- 1M
- 0.10%
- YTD
- 6.34%
- 6M
- 6.89%
- 1Y
- 19.28%
- 3Y*
- 13.68%
- 5Y*
- 10.33%
- 10Y*
- —
AGG
- 1D
- -0.12%
- 1M
- 0.46%
- YTD
- 0.52%
- 6M
- 0.93%
- 1Y
- 4.87%
- 3Y*
- 4.19%
- 5Y*
- 0.06%
- 10Y*
- 1.57%
BOCT vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BOCT Innovator U.S. Equity Buffer ETF October | 6.34% | 14.34% | 12.36% | 21.13% | -8.14% | 14.97% | 14.69% | 19.05% | -10.47% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.52% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 1.85% |
Correlation
The correlation between BOCT and AGG is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2018 | 0.10 |
Over the past year, BOCT and AGG have become more correlated (0.33) than their long-term average of 0.10, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BOCT vs. AGG — Risk / Return Rank
BOCT
AGG
BOCT vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF October (BOCT) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BOCT | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.21 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 1.63 | +1.38 |
| Martin ratioReturn relative to average drawdown | 14.28 | 4.82 | +9.46 |
Loading charts...
Drawdowns
BOCT vs. AGG - Drawdown Comparison
The maximum BOCT drawdown since its inception was -24.54%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for BOCT and AGG.
Loading charts...
Drawdown Indicators
| BOCT | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.54% | -18.43% | -6.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -2.76% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -13.61% | -6.11% | -7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | -17.82% | +3.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.43% | — |
Current DrawdownCurrent decline from peak | -0.92% | -1.88% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -2.71% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 0.94% | +0.34% |
Volatility
BOCT vs. AGG - Volatility Comparison
Innovator U.S. Equity Buffer ETF October (BOCT) has a higher volatility of 2.27% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.37%. This indicates that BOCT's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BOCT | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 1.37% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 2.81% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.36% | 3.82% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.12% | 6.09% | +5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 5.41% | +8.40% |
BOCT vs. AGG - Expense Ratio Comparison
BOCT has a 0.79% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
BOCT vs. AGG - Dividend Comparison
BOCT has not paid dividends to shareholders, while AGG's dividend yield for the trailing twelve months is around 3.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
BOCT Innovator U.S. Equity Buffer ETF October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BOCT and AGG have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOCT has higher volatility (2.27%) compared to AGG (1.37%). In terms of maximum drawdown, BOCT dropped -24.54% vs AGG's -18.43%.
On 5-year performance, BOCT leads with 10.33% vs 0.06% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, AGG has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BOCT has performed better with a 10.33% return vs 0.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGG is cheaper with a 0.03% expense ratio, compared with 0.79% for BOCT.
AGG has the higher dividend yield at 3.98%, compared with 0.00% for BOCT.
BOCT is categorized as Defined Outcome, while AGG is Total Bond Market. BOCT tracks S&P 500 Price Return Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for BOCT and 0.03% for AGG.
BOCT currently has the higher Sharpe Ratio (2.19 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BOCT and AGG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer