GAPR vs. OCTQ

Last updated Apr 1, 2026

Compare and contrast key facts about FT Cboe Vest U.S. Equity Moderate Buffer ETF - April (GAPR) and Innovator Premium Income 40 Barrier ETF - October (OCTQ).

GAPR and OCTQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GAPR is an actively managed fund by FT Vest. It was launched on Apr 21, 2023. OCTQ is an actively managed fund by Innovator. It was launched on Sep 29, 2023.

Performance

GAPR vs. OCTQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Moderate Buffer ETF - April (GAPR) and Innovator Premium Income 40 Barrier ETF - October (OCTQ). The values are adjusted to include any dividend payments, if applicable.

GAPR vs. OCTQ - Yearly Performance Comparison

	2026 (YTD)
GAPR FT Cboe Vest U.S. Equity Moderate Buffer ETF - April	0.70%
OCTQ Innovator Premium Income 40 Barrier ETF - October	0.00%

Returns By Period

GAPR

• 1D: 0.62%
• 1M: 0.47%
• YTD: 1.19%
• 6M: 3.12%
• 1Y: 7.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OCTQ

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GAPR vs. OCTQ - Expense Ratio Comparison

GAPR has a 0.85% expense ratio, which is higher than OCTQ's 0.79% expense ratio.

GAPR

FT Cboe Vest U.S. Equity Moderate Buffer ETF - April

OCTQ

Innovator Premium Income 40 Barrier ETF - October

Return for Risk

GAPR vs. OCTQ — Risk / Return Rank

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

GAPR

GAPR Risk / Return Rank: 53
GAPR Sharpe Ratio Rank: 43
GAPR Sortino Ratio Rank: 43
GAPR Omega Ratio Rank: 81
GAPR Calmar Ratio Rank: 39
GAPR Martin Ratio Rank: 58

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.

GAPR vs. OCTQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Moderate Buffer ETF - April (GAPR) and Innovator Premium Income 40 Barrier ETF - October (OCTQ). 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.

	GAPR	OCTQ	Difference
Sharpe ratio Return per unit of total volatility	0.81	—	—
Sortino ratio Return per unit of downside risk	1.20	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	1.03	—	—
Martin ratio Return relative to average drawdown	5.77	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GAPR	OCTQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	—	—

Dividends

GAPR vs. OCTQ - Dividend Comparison

Neither GAPR nor OCTQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

GAPR vs. OCTQ - Drawdown Comparison

The maximum GAPR drawdown since its inception was -8.98%, which is greater than OCTQ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GAPR and OCTQ.

Drawdown Indicators

	GAPR	OCTQ	Difference
Max Drawdown Largest peak-to-trough decline	-8.98%	0.00%	-8.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.56%	0.00%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	—	—

Volatility

Volatility by Period

	GAPR	OCTQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.56%	0.00%	+9.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.19%	0.00%	+7.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.19%	0.00%	+7.19%