BOUT vs. FCUS

Last updated Jun 24, 2026

BOUT (Innovator IBD Breakout Opportunities ETF) and FCUS (Pinnacle Focused Opportunities ETF) are both Mid Cap Growth Equities funds. BOUT is passively managed, while FCUS is actively managed. Over the past 3 years, BOUT returned 16.89%/yr vs 34.86%/yr for FCUS. A 0.78 correlation means they provide meaningful diversification when combined. BOUT charges 0.80%/yr vs 0.79%/yr for FCUS.

Performance

BOUT vs. FCUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator IBD Breakout Opportunities ETF (BOUT) and Pinnacle Focused Opportunities ETF (FCUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOUT achieves a 31.88% return, which is significantly lower than FCUS's 43.18% return.

BOUT

• 1D: -1.91%
• 1M: 3.56%
• YTD: 31.88%
• 6M: 28.55%
• 1Y: 34.68%
• 3Y*: 16.89%
• 5Y*: 8.29%
• 10Y*: —

FCUS

• 1D: -3.77%
• 1M: 1.78%
• YTD: 43.18%
• 6M: 40.26%
• 1Y: 87.27%
• 3Y*: 34.86%
• 5Y*: —
• 10Y*: —

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

BOUT vs. FCUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BOUT Innovator IBD Breakout Opportunities ETF	31.88%	-6.77%	18.82%	13.27%	-0.70%
FCUS Pinnacle Focused Opportunities ETF	43.18%	13.69%	30.59%	21.13%	0.87%

Correlation

The correlation between BOUT and FCUS is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Dec 30, 2022	0.78

The correlation between BOUT and FCUS has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.

BOUT vs. FCUS - Sectors Allocation Comparison

Sectors	BOUT	FCUS
Technology	33.0%	53.3%
Financial Services	18.3%	-
Basic Materials	12.3%	11.1%
Consumer Cyclical	10.8%	3.1%
Utilities	7.0%	-
Healthcare	6.5%	2.6%
Consumer Defensive	4.8%	3.7%
Energy	4.0%	17.1%
Real Estate	3.9%	-
Communication Services	3.3%	2.2%
Industrials	3.2%	9.2%

Return for Risk

BOUT vs. FCUS — Risk / Return Rank

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

BOUT

BOUT Risk / Return Rank: 51
BOUT Sharpe Ratio Rank: 49
BOUT Sortino Ratio Rank: 45
BOUT Omega Ratio Rank: 45
BOUT Calmar Ratio Rank: 64
BOUT Martin Ratio Rank: 54

FCUS

FCUS Risk / Return Rank: 78
FCUS Sharpe Ratio Rank: 82
FCUS Sortino Ratio Rank: 64
FCUS Omega Ratio Rank: 69
FCUS Calmar Ratio Rank: 89
FCUS Martin Ratio Rank: 86

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.

BOUT vs. FCUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator IBD Breakout Opportunities ETF (BOUT) and Pinnacle Focused Opportunities ETF (FCUS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BOUT	FCUS	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.46	-0.87
Sortino ratio: Return per unit of downside risk	2.17	2.77	-0.60
Omega ratio: Gain probability vs. loss probability	1.28	1.38	-0.10
Calmar ratio: Return relative to maximum drawdown	2.96	4.96	-1.99
Martin ratio: Return relative to average drawdown	8.76	17.12	-8.36

BOUT vs. FCUS - Sharpe Ratio Comparison

The current BOUT Sharpe Ratio is 1.59, which is lower than the FCUS Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of BOUT and FCUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BOUT vs. FCUS - Drawdown Comparison

The maximum BOUT drawdown since its inception was -36.98%, smaller than the maximum FCUS drawdown of -39.89%. Use the drawdown chart below to compare losses from any high point for BOUT and FCUS.

Drawdown Indicators

	BOUT	FCUS	Difference
Max Drawdown Largest peak-to-trough decline	-36.98%	-39.89%	+2.91%
Max Drawdown (1Y) Largest decline over 1 year	-11.76%	-17.70%	+5.94%
Max Drawdown (3Y) Largest decline over 3 years	-25.31%	-39.89%	+14.58%
Max Drawdown (5Y) Largest decline over 5 years	-28.28%	—	—
Current Drawdown Current decline from peak	-1.91%	-4.59%	+2.68%
Average Drawdown Average peak-to-trough decline	-12.29%	-7.51%	-4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	5.11%	-1.14%

Volatility

BOUT vs. FCUS - Volatility Comparison

The current volatility for Innovator IBD Breakout Opportunities ETF (BOUT) is 8.27%, while Pinnacle Focused Opportunities ETF (FCUS) has a volatility of 12.35%. This indicates that BOUT experiences smaller price fluctuations and is considered to be less risky than FCUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOUT	FCUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.27%	12.35%	-4.08%
Volatility (6M) Calculated over the trailing 6-month period	17.22%	27.05%	-9.83%
Volatility (1Y) Calculated over the trailing 1-year period	21.92%	35.63%	-13.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.71%	30.33%	-10.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.00%	30.33%	-7.33%

BOUT vs. FCUS - Expense Ratio Comparison

BOUT has a 0.80% expense ratio, which is higher than FCUS's 0.79% expense ratio.

Dividends

BOUT vs. FCUS - Dividend Comparison

BOUT's dividend yield for the trailing twelve months is around 0.26%, less than FCUS's 3.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BOUT Innovator IBD Breakout Opportunities ETF	0.26%	0.34%	0.60%	1.32%	1.35%	0.00%	0.00%	0.00%	0.22%
FCUS Pinnacle Focused Opportunities ETF	3.02%	4.33%	11.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BOUT and FCUS in my portfolio?

BOUT and FCUS have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOUT or FCUS?

FCUS has higher volatility (12.35%) compared to BOUT (8.27%). In terms of maximum drawdown, BOUT dropped -36.98% vs FCUS's -39.89%.

Which ETF is better, BOUT or FCUS?

On 3-year performance, FCUS leads with 34.86% vs 16.89% for BOUT. On fees, FCUS is cheaper at 0.79% per year. On volatility, BOUT has been the lower-risk option at 8.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOUT or FCUS?

Over the 3-year period, FCUS has performed better with a 34.86% return vs 16.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOUT or FCUS?

FCUS is cheaper with a 0.79% expense ratio, compared with 0.80% for BOUT.

Which ETF pays a higher dividend yield, BOUT or FCUS?

FCUS has the higher dividend yield at 3.02%, compared with 0.26% for BOUT.

What is the main difference between BOUT and FCUS?

They also come from different issuers: Innovator and Pinnacle. Their fees differ too: 0.80% for BOUT and 0.79% for FCUS.

Which has better risk-adjusted returns?

FCUS currently has the higher Sharpe Ratio (2.46 vs 1.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.