EOCT vs. XISE

Last updated Jun 4, 2026

EOCT (Innovator Emerging Markets Power Buffer ETF - October) and XISE (FT Cboe Vest U.S. Equity Buffer & Premium Income ETF – September) are both Options Trading funds. Both are actively managed. Over the past year, EOCT returned 25.27% vs 6.80% for XISE. At a 0.49 correlation, their price movements are largely independent. EOCT charges 0.89%/yr vs 0.85%/yr for XISE.

Performance

EOCT vs. XISE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Emerging Markets Power Buffer ETF - October (EOCT) and FT Cboe Vest U.S. Equity Buffer & Premium Income ETF – September (XISE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EOCT achieves a 7.70% return, which is significantly higher than XISE's 3.00% return.

EOCT

• 1D: -0.22%
• 1M: 1.29%
• YTD: 7.70%
• 6M: 9.20%
• 1Y: 25.27%
• 3Y*: 13.40%
• 5Y*: —
• 10Y*: —

XISE

• 1D: -0.02%
• 1M: 0.75%
• YTD: 3.00%
• 6M: 3.75%
• 1Y: 6.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EOCT vs. XISE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EOCT Innovator Emerging Markets Power Buffer ETF - October	7.70%	22.03%	9.66%	2.24%
XISE FT Cboe Vest U.S. Equity Buffer & Premium Income ETF – September	3.00%	6.42%	5.70%	3.09%

Correlation

The correlation between EOCT and XISE is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.49

The correlation between EOCT and XISE shifts across timeframes, from 0.49 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.

EOCT vs. XISE - Sectors Allocation Comparison

Sectors	EOCT	XISE
Technology	37.0%	36.2%
Financial Services	19.4%	11.9%
Consumer Cyclical	9.6%	10.1%
Industrials	7.5%	8.1%
Communication Services	6.9%	10.9%
Basic Materials	6.5%	1.8%
Energy	4.0%	3.5%
Consumer Defensive	3.0%	4.9%
Healthcare	2.9%	8.4%
Utilities	2.1%	2.3%
Real Estate	1.1%	1.9%

Return for Risk

EOCT vs. XISE — Risk / Return Rank

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

EOCT

EOCT Risk / Return Rank: 85
EOCT Sharpe Ratio Rank: 85
EOCT Sortino Ratio Rank: 87
EOCT Omega Ratio Rank: 87
EOCT Calmar Ratio Rank: 82
EOCT Martin Ratio Rank: 84

XISE

XISE Risk / Return Rank: 80
XISE Sharpe Ratio Rank: 71
XISE Sortino Ratio Rank: 81
XISE Omega Ratio Rank: 87
XISE Calmar Ratio Rank: 74
XISE Martin Ratio Rank: 90

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. XISE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF - October (EOCT) and FT Cboe Vest U.S. Equity Buffer & Premium Income ETF – September (XISE). 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	XISE	Difference
Sharpe ratio: Return per unit of total volatility	2.80	2.31	+0.49
Sortino ratio: Return per unit of downside risk	3.92	3.59	+0.33
Omega ratio: Gain probability vs. loss probability	1.54	1.53	+0.01
Calmar ratio: Return relative to maximum drawdown	4.28	3.64	+0.64
Martin ratio: Return relative to average drawdown	17.18	20.31	-3.13
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. XISE - Sharpe Ratio Comparison

The current EOCT Sharpe Ratio is 2.80, which is comparable to the XISE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of EOCT and XISE, 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	XISE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	2.31	+0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.39	-0.78

Drawdowns

EOCT vs. XISE - Drawdown Comparison

The maximum EOCT drawdown since its inception was -20.35%, which is greater than XISE's maximum drawdown of -6.17%. Use the drawdown chart below to compare losses from any high point for EOCT and XISE.

Drawdown Indicators

	EOCT	XISE	Difference
Max Drawdown Largest peak-to-trough decline	-20.35%	-6.17%	-14.18%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-1.88%	-4.05%
Max Drawdown (3Y) Largest decline over 3 years	-10.76%	—	—
Current Drawdown Current decline from peak	-0.22%	-0.02%	-0.20%
Average Drawdown Average peak-to-trough decline	-5.69%	-0.24%	-5.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	0.34%	+1.13%

Volatility

EOCT vs. XISE - Volatility Comparison

Innovator Emerging Markets Power Buffer ETF - October (EOCT) has a higher volatility of 1.78% compared to FT Cboe Vest U.S. Equity Buffer & Premium Income ETF – September (XISE) at 0.37%. This indicates that EOCT's price experiences larger fluctuations and is considered to be riskier than XISE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EOCT	XISE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.78%	0.37%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	6.69%	2.33%	+4.36%
Volatility (1Y) Calculated over the trailing 1-year period	9.06%	2.96%	+6.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.31%	4.92%	+6.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.31%	4.92%	+6.39%

EOCT vs. XISE - Expense Ratio Comparison

EOCT has a 0.89% expense ratio, which is higher than XISE's 0.85% expense ratio.

Dividends

EOCT vs. XISE - Dividend Comparison

EOCT has not paid dividends to shareholders, while XISE's dividend yield for the trailing twelve months is around 5.92%.

Position	TTM	2025	2024	2023
EOCT Innovator Emerging Markets Power Buffer ETF - October	0.00%	0.00%	0.00%	0.00%
XISE FT Cboe Vest U.S. Equity Buffer & Premium Income ETF – September	5.92%	5.81%	7.04%	1.20%

Frequently Asked Questions

Can I hold both EOCT and XISE in my portfolio?

EOCT and XISE have a correlation of 0.62, 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 XISE?

EOCT has higher volatility (1.78%) compared to XISE (0.37%). In terms of maximum drawdown, EOCT dropped -20.35% vs XISE's -6.17%.

Which ETF is better, EOCT or XISE?

On 1-year performance, EOCT leads with 25.27% vs 6.80% for XISE. On fees, XISE is cheaper at 0.85% per year. On volatility, XISE has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EOCT or XISE?

Over the 1-year period, EOCT has performed better with a 25.27% return vs 6.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EOCT or XISE?

XISE is cheaper with a 0.85% expense ratio, compared with 0.89% for EOCT.

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

XISE has the higher dividend yield at 5.92%, compared with 0.00% for EOCT.

What is the main difference between EOCT and XISE?

They also come from different issuers: Innovator and FT Vest. Their fees differ too: 0.89% for EOCT and 0.85% for XISE.

Which has better risk-adjusted returns?

EOCT currently has the higher Sharpe Ratio (2.80 vs 2.31), 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.