EJUL vs. OCTB
EJUL (Innovator Emerging Markets Power Buffer ETF - July) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. EJUL is passively managed, while OCTB is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. EJUL charges 0.89%/yr vs 0.25%/yr for OCTB.
Performance
EJUL vs. OCTB - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with EJUL having a 5.18% return and OCTB slightly higher at 5.41%.
EJUL
- 1D
- -0.05%
- 1M
- 0.52%
- YTD
- 5.18%
- 6M
- 5.60%
- 1Y
- 13.71%
- 3Y*
- 10.69%
- 5Y*
- 3.19%
- 10Y*
- —
OCTB
- 1D
- 0.03%
- 1M
- -0.35%
- YTD
- 5.41%
- 6M
- 4.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EJUL vs. OCTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EJUL Innovator Emerging Markets Power Buffer ETF - July | 5.18% | 2.54% |
OCTB Aptus October Buffer ETF | 5.41% | 2.37% |
Correlation
The correlation between EJUL and OCTB is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.72 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EJUL vs. OCTB — Risk / Return Rank
EJUL
OCTB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EJUL vs. OCTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF - July (EJUL) and Aptus October Buffer ETF (OCTB). 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.
| EJUL | OCTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.46 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | — | — |
| Martin ratioReturn relative to average drawdown | 16.32 | — | — |
Loading charts...
Drawdowns
EJUL vs. OCTB - Drawdown Comparison
The maximum EJUL drawdown since its inception was -21.61%, which is greater than OCTB's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for EJUL and OCTB.
Loading charts...
Drawdown Indicators
| EJUL | OCTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.61% | -4.79% | -16.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.91% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -0.70% | -5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | — | — |
Volatility
EJUL vs. OCTB - Volatility Comparison
Loading charts...
Volatility by Period
| EJUL | OCTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.28% | 7.22% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.66% | 7.22% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.40% | 7.22% | +4.18% |
EJUL vs. OCTB - Expense Ratio Comparison
EJUL has a 0.89% expense ratio, which is higher than OCTB's 0.25% expense ratio.
Dividends
EJUL vs. OCTB - Dividend Comparison
Neither EJUL nor OCTB has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EJUL Innovator Emerging Markets Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.64% |
OCTB Aptus October Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EJUL and OCTB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OCTB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OCTB is cheaper with a 0.25% expense ratio, compared with 0.89% for EJUL.
EJUL and OCTB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.89% for EJUL and 0.25% for OCTB.
Find the right allocation for EJUL and OCTB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer