BOCT vs. SVOL

Last updated Apr 1, 2026

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 S&P 500 Price Return Index. It was launched on Sep 28, 2018. SVOL is an actively managed fund by Simplify. It was launched on May 12, 2021.

Performance

BOCT vs. SVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Buffer ETF October (BOCT) and Simplify Volatility Premium ETF (SVOL). The values are adjusted to include any dividend payments, if applicable.

BOCT vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BOCT Innovator U.S. Equity Buffer ETF October	-2.91%	14.34%	12.36%	21.13%	-8.14%	9.51%
SVOL Simplify Volatility Premium ETF	-7.92%	2.41%	6.77%	22.88%	-3.30%	12.25%

Returns By Period

In the year-to-date period, BOCT achieves a -2.91% return, which is significantly higher than SVOL's -7.92% return.

BOCT

• 1D: 1.95%
• 1M: -3.43%
• YTD: -2.91%
• 6M: -0.89%
• 1Y: 14.16%
• 3Y*: 12.38%
• 5Y*: 8.90%
• 10Y*: —

SVOL

• 1D: 1.52%
• 1M: -6.10%
• YTD: -7.92%
• 6M: -5.42%
• 1Y: 3.66%
• 3Y*: 6.05%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BOCT vs. SVOL - Expense Ratio Comparison

BOCT has a 0.79% expense ratio, which is higher than SVOL's 0.50% expense ratio.

BOCT

Innovator U.S. Equity Buffer ETF October

SVOL

Simplify Volatility Premium ETF

Return for Risk

BOCT vs. SVOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOCT

BOCT Risk / Return Rank: 68
BOCT Sharpe Ratio Rank: 62
BOCT Sortino Ratio Rank: 65
BOCT Omega Ratio Rank: 69
BOCT Calmar Ratio Rank: 64
BOCT Martin Ratio Rank: 78

SVOL

SVOL Risk / Return Rank: 17
SVOL Sharpe Ratio Rank: 15
SVOL Sortino Ratio Rank: 19
SVOL Omega Ratio Rank: 20
SVOL Calmar Ratio Rank: 16
SVOL Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOCT vs. SVOL - Risk-Adjusted Trends 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.

	BOCT	SVOL	Difference
Sharpe ratio Return per unit of total volatility	1.08	0.09	+0.99
Sortino ratio Return per unit of downside risk	1.64	0.45	+1.19
Omega ratio Gain probability vs. loss probability	1.26	1.06	+0.19
Calmar ratio Return relative to maximum drawdown	1.61	0.17	+1.44
Martin ratio Return relative to average drawdown	8.28	0.57	+7.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BOCT vs. SVOL - Sharpe Ratio Comparison

The current BOCT Sharpe Ratio is 1.08, which is higher than the SVOL Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of BOCT and SVOL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BOCT	SVOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	0.09	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.28	+0.39

Correlation

The correlation between BOCT and SVOL is 0.73, 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. SVOL - Dividend Comparison

BOCT has not paid dividends to shareholders, while SVOL's dividend yield for the trailing twelve months is around 23.14%.

	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%
SVOL Simplify Volatility Premium ETF	23.14%	19.82%	16.79%	16.36%	18.32%	4.65%	0.00%	0.00%

Drawdowns

BOCT vs. SVOL - Drawdown Comparison

The maximum BOCT drawdown since its inception was -24.54%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for BOCT and SVOL.

Drawdown Indicators

	BOCT	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-24.54%	-33.50%	+8.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-24.73%	+15.70%
Max Drawdown (5Y) Largest decline over 5 years	-14.29%	—	—
Current Drawdown Current decline from peak	-4.26%	-10.30%	+6.04%
Average Drawdown Average peak-to-trough decline	-2.65%	-4.74%	+2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	7.46%	-5.71%

Volatility

BOCT vs. SVOL - Volatility Comparison

The current volatility for Innovator U.S. Equity Buffer ETF October (BOCT) is 3.81%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 4.34%. 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.

Volatility by Period

	BOCT	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	4.34%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	6.57%	13.82%	-7.25%
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	38.84%	-25.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	22.28%	-11.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.94%	22.28%	-8.34%