DMAR vs. IOCT

Last updated Jun 23, 2026

DMAR (FT Cboe Vest U.S. Equity Deep Buffer ETF - March) and IOCT (Innovator International Developed Power Buffer ETF- October) are both Options Trading funds. Both are actively managed. Over the past 3 years, DMAR returned 11.82%/yr vs 12.74%/yr for IOCT. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.85% expense ratio.

Performance

DMAR vs. IOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Deep Buffer ETF - March (DMAR) and Innovator International Developed Power Buffer ETF- October (IOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DMAR achieves a 7.18% return, which is significantly higher than IOCT's 6.25% return.

DMAR

• 1D: -0.04%
• 1M: 0.26%
• YTD: 7.18%
• 6M: 7.27%
• 1Y: 14.72%
• 3Y*: 11.82%
• 5Y*: 7.64%
• 10Y*: —

IOCT

• 1D: 0.08%
• 1M: 1.35%
• YTD: 6.25%
• 6M: 6.49%
• 1Y: 15.79%
• 3Y*: 12.74%
• 5Y*: —
• 10Y*: —

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

DMAR vs. IOCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DMAR FT Cboe Vest U.S. Equity Deep Buffer ETF - March	7.18%	9.13%	12.74%	12.25%	-5.48%	2.74%
IOCT Innovator International Developed Power Buffer ETF- October	6.25%	18.96%	4.88%	17.54%	-6.31%	1.48%

Correlation

The correlation between DMAR and IOCT is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	0.67

The correlation between DMAR and IOCT has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

Return for Risk

DMAR vs. IOCT — Risk / Return Rank

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

DMAR

DMAR Risk / Return Rank: 97
DMAR Sharpe Ratio Rank: 96
DMAR Sortino Ratio Rank: 97
DMAR Omega Ratio Rank: 98
DMAR Calmar Ratio Rank: 97
DMAR Martin Ratio Rank: 98

IOCT

IOCT Risk / Return Rank: 56
IOCT Sharpe Ratio Rank: 54
IOCT Sortino Ratio Rank: 56
IOCT Omega Ratio Rank: 54
IOCT Calmar Ratio Rank: 57
IOCT Martin Ratio Rank: 60

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.

DMAR vs. IOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - March (DMAR) and Innovator International Developed Power Buffer ETF- October (IOCT). 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.

	DMAR	IOCT	Difference
Sharpe ratio: Return per unit of total volatility	3.94	1.78	+2.16
Sortino ratio: Return per unit of downside risk	6.52	2.61	+3.91
Omega ratio: Gain probability vs. loss probability	1.99	1.33	+0.67
Calmar ratio: Return relative to maximum drawdown	9.66	2.71	+6.94
Martin ratio: Return relative to average drawdown	57.32	10.31	+47.00

DMAR vs. IOCT - Sharpe Ratio Comparison

The current DMAR Sharpe Ratio is 3.94, which is higher than the IOCT Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of DMAR and IOCT, 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

DMAR vs. IOCT - Drawdown Comparison

The maximum DMAR drawdown since its inception was -9.84%, smaller than the maximum IOCT drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for DMAR and IOCT.

Drawdown Indicators

	DMAR	IOCT	Difference
Max Drawdown Largest peak-to-trough decline	-9.84%	-16.94%	+7.10%
Max Drawdown (1Y) Largest decline over 1 year	-1.53%	-5.84%	+4.31%
Max Drawdown (3Y) Largest decline over 3 years	-9.16%	-7.54%	-1.62%
Max Drawdown (5Y) Largest decline over 5 years	-9.84%	—	—
Current Drawdown Current decline from peak	-0.19%	0.00%	-0.19%
Average Drawdown Average peak-to-trough decline	-1.84%	-2.64%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	1.53%	-1.27%

Volatility

DMAR vs. IOCT - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - March (DMAR) is 1.39%, while Innovator International Developed Power Buffer ETF- October (IOCT) has a volatility of 2.35%. This indicates that DMAR experiences smaller price fluctuations and is considered to be less risky than IOCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMAR	IOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	2.35%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	6.71%	-3.69%
Volatility (1Y) Calculated over the trailing 1-year period	3.76%	8.91%	-5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.05%	9.36%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.96%	9.36%	-2.40%

DMAR vs. IOCT - Expense Ratio Comparison

Both DMAR and IOCT have an expense ratio of 0.85%.

Dividends

DMAR vs. IOCT - Dividend Comparison

Neither DMAR nor IOCT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DMAR and IOCT in my portfolio?

DMAR and IOCT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DMAR or IOCT?

IOCT has higher volatility (2.35%) compared to DMAR (1.39%). In terms of maximum drawdown, DMAR dropped -9.84% vs IOCT's -16.94%.

Which ETF is better, DMAR or IOCT?

On 3-year performance, IOCT leads with 12.74% vs 11.82% for DMAR. Both ETFs have the same 0.85% expense ratio. On volatility, DMAR has been the lower-risk option at 1.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DMAR or IOCT?

Over the 3-year period, IOCT has performed better with a 12.74% return vs 11.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DMAR or IOCT?

DMAR and IOCT have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, DMAR or IOCT?

DMAR and IOCT have nearly identical dividend yields, around 0.00%.

What is the main difference between DMAR and IOCT?

They also come from different issuers: FT Vest and Innovator.

Which has better risk-adjusted returns?

DMAR currently has the higher Sharpe Ratio (3.94 vs 1.78), 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.