GFEB vs. EOCT

Last updated Jun 4, 2026

GFEB (FT Cboe Vest U.S. Equity Moderate Buffer ETF - February) and EOCT (Innovator Emerging Markets Power Buffer ETF - October) are both Options Trading funds. GFEB is passively managed, while EOCT is actively managed. Over the past 3 years, GFEB returned 13.04%/yr vs 13.40%/yr for EOCT. A 0.59 correlation means they provide meaningful diversification when combined. GFEB charges 0.85%/yr vs 0.89%/yr for EOCT.

Performance

GFEB vs. EOCT - Performance Comparison

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

Returns By Period

In the year-to-date period, GFEB achieves a 5.83% return, which is significantly lower than EOCT's 7.70% return.

GFEB

• 1D: -0.21%
• 1M: 1.89%
• YTD: 5.83%
• 6M: 6.55%
• 1Y: 15.17%
• 3Y*: 13.04%
• 5Y*: —
• 10Y*: —

EOCT

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

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

GFEB vs. EOCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GFEB FT Cboe Vest U.S. Equity Moderate Buffer ETF - February	5.83%	11.19%	13.06%	13.76%
EOCT Innovator Emerging Markets Power Buffer ETF - October	7.70%	22.03%	9.66%	3.11%

Correlation

The correlation between GFEB and EOCT is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Feb 22, 2023	0.59

The correlation between GFEB and EOCT has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

GFEB vs. EOCT - Sectors Allocation Comparison

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

Return for Risk

GFEB vs. EOCT — Risk / Return Rank

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

GFEB

GFEB Risk / Return Rank: 84
GFEB Sharpe Ratio Rank: 85
GFEB Sortino Ratio Rank: 89
GFEB Omega Ratio Rank: 89
GFEB Calmar Ratio Rank: 70
GFEB Martin Ratio Rank: 86

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

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.

GFEB vs. EOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Moderate Buffer ETF - February (GFEB) and Innovator Emerging Markets Power Buffer ETF - October (EOCT). 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.

	GFEB	EOCT	Difference
Sharpe ratio: Return per unit of total volatility	2.77	2.80	-0.04
Sortino ratio: Return per unit of downside risk	4.09	3.92	+0.18
Omega ratio: Gain probability vs. loss probability	1.56	1.54	+0.02
Calmar ratio: Return relative to maximum drawdown	3.41	4.28	-0.87
Martin ratio: Return relative to average drawdown	18.40	17.18	+1.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFEB vs. EOCT - Sharpe Ratio Comparison

The current GFEB Sharpe Ratio is 2.77, which is comparable to the EOCT Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of GFEB and EOCT, 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

	GFEB	EOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	2.80	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	1.79	0.61	+1.18

Drawdowns

GFEB vs. EOCT - Drawdown Comparison

The maximum GFEB drawdown since its inception was -9.63%, smaller than the maximum EOCT drawdown of -20.35%. Use the drawdown chart below to compare losses from any high point for GFEB and EOCT.

Drawdown Indicators

	GFEB	EOCT	Difference
Max Drawdown Largest peak-to-trough decline	-9.63%	-20.35%	+10.72%
Max Drawdown (1Y) Largest decline over 1 year	-4.46%	-5.93%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	-9.63%	-10.76%	+1.13%
Current Drawdown Current decline from peak	-0.21%	-0.22%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.69%	-5.69%	+5.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	1.47%	-0.64%

Volatility

GFEB vs. EOCT - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Moderate Buffer ETF - February (GFEB) is 0.91%, while Innovator Emerging Markets Power Buffer ETF - October (EOCT) has a volatility of 1.78%. This indicates that GFEB experiences smaller price fluctuations and is considered to be less risky than EOCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFEB	EOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	1.78%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	4.21%	6.69%	-2.48%
Volatility (1Y) Calculated over the trailing 1-year period	5.51%	9.06%	-3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.57%	11.31%	-3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.57%	11.31%	-3.74%

GFEB vs. EOCT - Expense Ratio Comparison

GFEB has a 0.85% expense ratio, which is lower than EOCT's 0.89% expense ratio.

Dividends

GFEB vs. EOCT - Dividend Comparison

Neither GFEB nor EOCT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GFEB and EOCT in my portfolio?

GFEB and EOCT have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFEB or EOCT?

EOCT has higher volatility (1.78%) compared to GFEB (0.91%). In terms of maximum drawdown, GFEB dropped -9.63% vs EOCT's -20.35%.

Which ETF is better, GFEB or EOCT?

On 3-year performance, EOCT leads with 13.40% vs 13.04% for GFEB. On fees, GFEB is cheaper at 0.85% per year. On volatility, GFEB has been the lower-risk option at 0.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GFEB or EOCT?

Over the 3-year period, EOCT has performed better with a 13.40% return vs 13.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GFEB or EOCT?

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

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

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

What is the main difference between GFEB and EOCT?

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

Which has better risk-adjusted returns?

EOCT currently has the higher Sharpe Ratio (2.80 vs 2.77), 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.