GNOV vs. HOCT

Last updated Apr 1, 2026

Compare and contrast key facts about FT Cboe Vest U.S. Equity Moderate Buffer ETF - November (GNOV) and Innovator Premium Income 9 Buffer ETF - October (HOCT).

GNOV and HOCT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNOV is an actively managed fund by FT Vest. It was launched on Nov 16, 2023. HOCT is an actively managed fund by Innovator. It was launched on Sep 29, 2023.

Performance

GNOV vs. HOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Moderate Buffer ETF - November (GNOV) and Innovator Premium Income 9 Buffer ETF - October (HOCT). The values are adjusted to include any dividend payments, if applicable.

GNOV vs. HOCT - Yearly Performance Comparison

	2026 (YTD)
GNOV FT Cboe Vest U.S. Equity Moderate Buffer ETF - November	-2.65%
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%

Returns By Period

GNOV

• 1D: 1.69%
• 1M: -2.34%
• YTD: -1.97%
• 6M: 2.34%
• 1Y: 13.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOCT

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

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

GNOV vs. HOCT - Expense Ratio Comparison

GNOV has a 0.85% expense ratio, which is higher than HOCT's 0.79% expense ratio.

GNOV

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

HOCT

Innovator Premium Income 9 Buffer ETF - October

Return for Risk

GNOV vs. HOCT — Risk / Return Rank

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

GNOV

GNOV Risk / Return Rank: 79
GNOV Sharpe Ratio Rank: 73
GNOV Sortino Ratio Rank: 78
GNOV Omega Ratio Rank: 85
GNOV Calmar Ratio Rank: 72
GNOV Martin Ratio Rank: 87

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.

GNOV vs. HOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Moderate Buffer ETF - November (GNOV) and Innovator Premium Income 9 Buffer ETF - October (HOCT). 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.

	GNOV	HOCT	Difference
Sharpe ratio Return per unit of total volatility	1.35	—	—
Sortino ratio Return per unit of downside risk	2.04	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	1.90	—	—
Martin ratio Return relative to average drawdown	10.81	—	—
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

	GNOV	HOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	—	—

Dividends

GNOV vs. HOCT - Dividend Comparison

Neither GNOV nor HOCT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

GNOV vs. HOCT - Drawdown Comparison

The maximum GNOV drawdown since its inception was -10.70%, which is greater than HOCT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GNOV and HOCT.

Drawdown Indicators

	GNOV	HOCT	Difference
Max Drawdown Largest peak-to-trough decline	-10.70%	0.00%	-10.70%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	—	—
Current Drawdown Current decline from peak	-2.95%	0.00%	-2.95%
Average Drawdown Average peak-to-trough decline	-0.74%	0.00%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	—	—

Volatility

Volatility by Period

	GNOV	HOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.10%	0.00%	+10.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.78%	0.00%	+7.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.78%	0.00%	+7.78%