HOCT vs. AMZY

Last updated Jun 4, 2026

HOCT (Innovator Premium Income 9 Buffer ETF - October) and AMZY (YieldMax AMZN Option Income Strategy ETF) are both Options Trading funds. Both are actively managed. HOCT charges 0.79%/yr vs 0.99%/yr for AMZY.

Performance

HOCT vs. AMZY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 9 Buffer ETF - October (HOCT) and YieldMax AMZN Option Income Strategy ETF (AMZY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HOCT

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

AMZY

• 1D: -2.31%
• 1M: -6.16%
• YTD: 3.56%
• 6M: 3.86%
• 1Y: 14.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOCT vs. AMZY - Yearly Performance Comparison

	2026 (YTD)
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%
AMZY YieldMax AMZN Option Income Strategy ETF	14.96%

Return for Risk

HOCT vs. AMZY — Risk / Return Rank

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

AMZY

AMZY Risk / Return Rank: 18
AMZY Sharpe Ratio Rank: 18
AMZY Sortino Ratio Rank: 18
AMZY Omega Ratio Rank: 19
AMZY Calmar Ratio Rank: 18
AMZY Martin Ratio Rank: 17

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.

HOCT vs. AMZY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 9 Buffer ETF - October (HOCT) and YieldMax AMZN Option Income Strategy ETF (AMZY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HOCT	AMZY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.94	—

Drawdowns

HOCT vs. AMZY - Drawdown Comparison

The maximum HOCT drawdown since its inception was 0.00%, smaller than the maximum AMZY drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for HOCT and AMZY.

Drawdown Indicators

	HOCT	AMZY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-23.70%	+23.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.61%	—
Current Drawdown Current decline from peak	0.00%	-7.53%	+7.53%
Average Drawdown Average peak-to-trough decline	0.00%	-5.32%	+5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.88%	—

Volatility

Volatility by Period

	HOCT	AMZY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	23.59%	-23.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	25.06%	-25.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	25.06%	-25.06%

HOCT vs. AMZY - Expense Ratio Comparison

HOCT has a 0.79% expense ratio, which is lower than AMZY's 0.99% expense ratio.

Dividends

HOCT vs. AMZY - Dividend Comparison

HOCT has not paid dividends to shareholders, while AMZY's dividend yield for the trailing twelve months is around 57.72%.

Position	TTM	2025	2024	2023
AMZY YieldMax AMZN Option Income Strategy ETF	57.72%	52.59%	47.91%	9.90%
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HOCT or AMZY?

On fees, HOCT is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOCT or AMZY?

HOCT is cheaper with a 0.79% expense ratio, compared with 0.99% for AMZY.

Which ETF pays a higher dividend yield, HOCT or AMZY?

AMZY has the higher dividend yield at 57.72%, compared with 0.00% for HOCT.

What is the main difference between HOCT and AMZY?

They also come from different issuers: Innovator and YieldMax. Their fees differ too: 0.79% for HOCT and 0.99% for AMZY.