BOCT vs. SVOL
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - October (BOCT) and Simplify Volatility Premium ETF (SVOL).
BOCT and SVOL 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. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOCT or SVOL.
Key characteristics
| BOCT | SVOL | |
|---|---|---|
| YTD Return | 12.84% | 9.71% |
| 1Y Return | 19.39% | 13.02% |
| 3Y Return (Ann) | 8.27% | 8.83% |
| Sharpe Ratio | 3.46 | 1.11 |
| Sortino Ratio | 5.17 | 1.49 |
| Omega Ratio | 1.84 | 1.28 |
| Calmar Ratio | 7.17 | 1.21 |
| Martin Ratio | 39.02 | 7.91 |
| Ulcer Index | 0.50% | 1.67% |
| Daily Std Dev | 5.60% | 11.94% |
| Max Drawdown | -24.54% | -15.68% |
| Current Drawdown | -0.25% | -0.05% |
Correlation
The correlation between BOCT and SVOL is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BOCT vs. SVOL - Performance Comparison
In the year-to-date period, BOCT achieves a 12.84% return, which is significantly higher than SVOL's 9.71% 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. SVOL - Expense Ratio Comparison
BOCT has a 0.79% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
BOCT vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - October (BOCT) and Simplify Volatility Premium ETF (SVOL). 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. SVOL - Dividend Comparison
BOCT has not paid dividends to shareholders, while SVOL's dividend yield for the trailing twelve months is around 16.29%.
| 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% |
SVOL Simplify Volatility Premium ETF | 16.29% | 16.37% | 18.31% | 4.65% | 0.00% | 0.00% |
Drawdowns
BOCT vs. SVOL - Drawdown Comparison
The maximum BOCT drawdown since its inception was -24.54%, which is greater than SVOL's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for BOCT and SVOL. For additional features, visit the drawdowns tool.
Volatility
BOCT vs. SVOL - Volatility Comparison
The current volatility for Innovator U.S. Equity Buffer ETF - October (BOCT) is 2.60%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 3.40%. This indicates that BOCT experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.