BOCT vs. BALT
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF October (BOCT) and Innovator Defined Wealth Shield ETF (BALT).
BOCT and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BOCT is a passively managed fund by Innovator that tracks the performance of the S&P 500 Price Return Index. It was launched on Sep 28, 2018. BALT is a passively managed fund by Innovator that tracks the performance of the S&P 500. It was launched on Jun 30, 2021. Both BOCT and BALT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BOCT vs. BALT - Performance Comparison
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BOCT vs. BALT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BOCT Innovator U.S. Equity Buffer ETF October | -2.30% | 14.34% | 12.36% | 21.13% | -8.14% | 7.06% |
BALT Innovator Defined Wealth Shield ETF | -0.00% | 6.65% | 9.98% | 7.45% | 2.54% | 0.82% |
Returns By Period
BOCT
- 1D
- 0.63%
- 1M
- -2.84%
- YTD
- -2.30%
- 6M
- -0.52%
- 1Y
- 14.58%
- 3Y*
- 12.62%
- 5Y*
- 9.04%
- 10Y*
- —
BALT
- 1D
- 0.13%
- 1M
- -0.77%
- YTD
- -0.00%
- 6M
- 2.06%
- 1Y
- 6.74%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
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BOCT vs. BALT - Expense Ratio Comparison
BOCT has a 0.79% expense ratio, which is higher than BALT's 0.69% expense ratio.
Return for Risk
BOCT vs. BALT — Risk / Return Rank
BOCT
BALT
BOCT vs. BALT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF October (BOCT) and Innovator Defined Wealth Shield ETF (BALT). 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.
| BOCT | BALT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.51 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.68 | 2.32 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.43 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.95 | -0.30 |
Martin ratioReturn relative to average drawdown | 8.40 | 12.95 | -4.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BOCT | BALT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.51 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.71 | -1.03 |
Correlation
The correlation between BOCT and BALT is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BOCT vs. BALT - Dividend Comparison
Neither BOCT nor BALT has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BOCT Innovator U.S. Equity Buffer ETF October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.20% |
BALT Innovator Defined Wealth Shield ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BOCT vs. BALT - Drawdown Comparison
The maximum BOCT drawdown since its inception was -24.54%, which is greater than BALT's maximum drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for BOCT and BALT.
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Drawdown Indicators
| BOCT | BALT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.54% | -4.89% | -19.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -3.48% | -5.55% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | — | — |
Current DrawdownCurrent decline from peak | -3.65% | -0.92% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -0.35% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 0.52% | +1.25% |
Volatility
BOCT vs. BALT - Volatility Comparison
Innovator U.S. Equity Buffer ETF October (BOCT) has a higher volatility of 3.84% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.62%. This indicates that BOCT's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOCT | BALT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 0.62% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 1.84% | +4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 4.48% | +8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 3.36% | +7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 3.36% | +10.58% |