BOCT vs. POCT
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - October (BOCT) and Innovator U.S. Equity Power Buffer ETF - October (POCT).
BOCT and POCT 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 Cboe S&P 500 Buffer Protect Index October. It was launched on Oct 1, 2018. POCT is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect October Series Index. It was launched on Oct 1, 2018. Both BOCT and POCT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOCT or POCT.
Key characteristics
| BOCT | POCT | |
|---|---|---|
| YTD Return | 12.84% | 9.63% |
| 1Y Return | 19.39% | 14.15% |
| 3Y Return (Ann) | 8.27% | 9.42% |
| 5Y Return (Ann) | 11.22% | 9.86% |
| Sharpe Ratio | 3.46 | 3.46 |
| Sortino Ratio | 5.17 | 5.24 |
| Omega Ratio | 1.84 | 1.86 |
| Calmar Ratio | 7.17 | 7.42 |
| Martin Ratio | 39.02 | 44.24 |
| Ulcer Index | 0.50% | 0.32% |
| Daily Std Dev | 5.60% | 4.11% |
| Max Drawdown | -24.54% | -18.80% |
| Current Drawdown | -0.25% | -0.20% |
Correlation
The correlation between BOCT and POCT is 0.89, 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.
Performance
BOCT vs. POCT - Performance Comparison
In the year-to-date period, BOCT achieves a 12.84% return, which is significantly higher than POCT's 9.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BOCT vs. POCT - Expense Ratio Comparison
Both BOCT and POCT have an expense ratio of 0.79%.
Risk-Adjusted Performance
BOCT vs. POCT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - October (BOCT) and Innovator U.S. Equity Power Buffer ETF - October (POCT). 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.
Dividends
BOCT vs. POCT - Dividend Comparison
Neither BOCT nor POCT has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
BOCT Innovator U.S. Equity Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.20% |
POCT Innovator U.S. Equity Power Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.21% |
Drawdowns
BOCT vs. POCT - Drawdown Comparison
The maximum BOCT drawdown since its inception was -24.54%, which is greater than POCT's maximum drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for BOCT and POCT. For additional features, visit the drawdowns tool.
Volatility
BOCT vs. POCT - Volatility Comparison
Innovator U.S. Equity Buffer ETF - October (BOCT) has a higher volatility of 2.60% compared to Innovator U.S. Equity Power Buffer ETF - October (POCT) at 1.95%. This indicates that BOCT's price experiences larger fluctuations and is considered to be riskier than POCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.