BOCT vs. SCHG
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - October (BOCT) and Schwab U.S. Large-Cap Growth ETF (SCHG).
BOCT and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009. Both BOCT and SCHG 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 SCHG.
Key characteristics
| BOCT | SCHG | |
|---|---|---|
| YTD Return | 12.84% | 34.42% |
| 1Y Return | 19.39% | 44.81% |
| 3Y Return (Ann) | 8.27% | 11.25% |
| 5Y Return (Ann) | 11.22% | 20.92% |
| Sharpe Ratio | 3.46 | 2.64 |
| Sortino Ratio | 5.17 | 3.39 |
| Omega Ratio | 1.84 | 1.48 |
| Calmar Ratio | 7.17 | 3.61 |
| Martin Ratio | 39.02 | 14.40 |
| Ulcer Index | 0.50% | 3.10% |
| Daily Std Dev | 5.60% | 16.93% |
| Max Drawdown | -24.54% | -34.59% |
| Current Drawdown | -0.25% | -0.11% |
Correlation
The correlation between BOCT and SCHG is 0.88, 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. SCHG - Performance Comparison
In the year-to-date period, BOCT achieves a 12.84% return, which is significantly lower than SCHG's 34.42% 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. SCHG - Expense Ratio Comparison
BOCT has a 0.79% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
BOCT vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - October (BOCT) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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. SCHG - Dividend Comparison
BOCT has not paid dividends to shareholders, while SCHG's dividend yield for the trailing twelve months is around 0.40%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOCT Innovator U.S. Equity Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% | 1.07% |
Drawdowns
BOCT vs. SCHG - Drawdown Comparison
The maximum BOCT drawdown since its inception was -24.54%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for BOCT and SCHG. For additional features, visit the drawdowns tool.
Volatility
BOCT vs. SCHG - Volatility Comparison
The current volatility for Innovator U.S. Equity Buffer ETF - October (BOCT) is 2.60%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.32%. This indicates that BOCT experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.