EOCT vs. FEBP

Last updated Jun 5, 2026

EOCT (Innovator Emerging Markets Power Buffer ETF - October) and FEBP (PGIM US Large-Cap Buffer 12 ETF - February) are both Options Trading funds. Both are actively managed. Over the past year, EOCT returned 24.21% vs 18.66% for FEBP. A 0.61 correlation means they provide meaningful diversification when combined. EOCT charges 0.89%/yr vs 0.50%/yr for FEBP.

Performance

EOCT vs. FEBP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Emerging Markets Power Buffer ETF - October (EOCT) and PGIM US Large-Cap Buffer 12 ETF - February (FEBP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EOCT achieves a 7.67% return, which is significantly higher than FEBP's 7.00% return.

EOCT

• 1D: -0.03%
• 1M: 0.70%
• YTD: 7.67%
• 6M: 9.16%
• 1Y: 24.21%
• 3Y*: 13.41%
• 5Y*: —
• 10Y*: —

FEBP

• 1D: 0.20%
• 1M: 2.26%
• YTD: 7.00%
• 6M: 7.97%
• 1Y: 18.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EOCT vs. FEBP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EOCT Innovator Emerging Markets Power Buffer ETF - October	7.67%	22.03%	12.17%
FEBP PGIM US Large-Cap Buffer 12 ETF - February	7.00%	12.06%	12.73%

Correlation

The correlation between EOCT and FEBP is 0.67, 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	0.67
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024	0.61

The correlation between EOCT and FEBP has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.

Return for Risk

EOCT vs. FEBP — Risk / Return Rank

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

EOCT

EOCT Risk / Return Rank: 84
EOCT Sharpe Ratio Rank: 84
EOCT Sortino Ratio Rank: 85
EOCT Omega Ratio Rank: 86
EOCT Calmar Ratio Rank: 80
EOCT Martin Ratio Rank: 83

FEBP

FEBP Risk / Return Rank: 83
FEBP Sharpe Ratio Rank: 84
FEBP Sortino Ratio Rank: 87
FEBP Omega Ratio Rank: 88
FEBP Calmar Ratio Rank: 70
FEBP 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.

EOCT vs. FEBP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF - October (EOCT) and PGIM US Large-Cap Buffer 12 ETF - February (FEBP). 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.

	EOCT	FEBP	Difference
Sharpe ratio: Return per unit of total volatility	2.69	2.69	0.00
Sortino ratio: Return per unit of downside risk	3.77	3.87	-0.10
Omega ratio: Gain probability vs. loss probability	1.52	1.54	-0.01
Calmar ratio: Return relative to maximum drawdown	4.10	3.43	+0.68
Martin ratio: Return relative to average drawdown	16.46	17.70	-1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EOCT vs. FEBP - Sharpe Ratio Comparison

The current EOCT Sharpe Ratio is 2.69, which is comparable to the FEBP Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of EOCT and FEBP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EOCT	FEBP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	2.69	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.54	-0.94

Drawdowns

EOCT vs. FEBP - Drawdown Comparison

The maximum EOCT drawdown since its inception was -20.35%, which is greater than FEBP's maximum drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for EOCT and FEBP.

Drawdown Indicators

	EOCT	FEBP	Difference
Max Drawdown Largest peak-to-trough decline	-20.35%	-12.11%	-8.24%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-5.47%	-0.46%
Max Drawdown (3Y) Largest decline over 3 years	-10.76%	—	—
Current Drawdown Current decline from peak	-0.25%	-0.06%	-0.19%
Average Drawdown Average peak-to-trough decline	-5.69%	-0.91%	-4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	1.06%	+0.41%

Volatility

EOCT vs. FEBP - Volatility Comparison

Innovator Emerging Markets Power Buffer ETF - October (EOCT) has a higher volatility of 1.70% compared to PGIM US Large-Cap Buffer 12 ETF - February (FEBP) at 1.39%. This indicates that EOCT's price experiences larger fluctuations and is considered to be riskier than FEBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EOCT	FEBP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.70%	1.39%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	6.69%	5.44%	+1.25%
Volatility (1Y) Calculated over the trailing 1-year period	9.06%	6.96%	+2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.30%	8.98%	+2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.30%	8.98%	+2.32%

EOCT vs. FEBP - Expense Ratio Comparison

EOCT has a 0.89% expense ratio, which is higher than FEBP's 0.50% expense ratio.

Dividends

EOCT vs. FEBP - Dividend Comparison

Neither EOCT nor FEBP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EOCT and FEBP in my portfolio?

EOCT and FEBP have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EOCT or FEBP?

EOCT has higher volatility (1.70%) compared to FEBP (1.39%). In terms of maximum drawdown, EOCT dropped -20.35% vs FEBP's -12.11%.

Which ETF is better, EOCT or FEBP?

On 1-year performance, EOCT leads with 24.21% vs 18.66% for FEBP. On fees, FEBP is cheaper at 0.50% per year. On volatility, FEBP 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, EOCT or FEBP?

Over the 1-year period, EOCT has performed better with a 24.21% return vs 18.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EOCT or FEBP?

FEBP is cheaper with a 0.50% expense ratio, compared with 0.89% for EOCT.

Which ETF pays a higher dividend yield, EOCT or FEBP?

EOCT and FEBP have nearly identical dividend yields, around 0.00%.

What is the main difference between EOCT and FEBP?

They also come from different issuers: Innovator and PGIM. Their fees differ too: 0.89% for EOCT and 0.50% for FEBP.

Which has better risk-adjusted returns?

FEBP currently has the higher Sharpe Ratio (2.69 vs 2.69), 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.