HOCT vs. HELO

Last updated Jun 5, 2026

HOCT (Innovator Premium Income 9 Buffer ETF - October) and HELO (JPMorgan Hedged Equity Laddered Overlay ETF) are both Options Trading funds. Both are actively managed. HOCT charges 0.79%/yr vs 0.50%/yr for HELO.

Performance

HOCT vs. HELO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 9 Buffer ETF - October (HOCT) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO). 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*: —

HELO

• 1D: -0.04%
• 1M: 0.46%
• YTD: 2.26%
• 6M: 2.72%
• 1Y: 10.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOCT vs. HELO - Yearly Performance Comparison

	2026 (YTD)
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%
HELO JPMorgan Hedged Equity Laddered Overlay ETF	1.15%

Return for Risk

HOCT vs. HELO — Risk / Return Rank

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

HELO

HELO Risk / Return Rank: 51
HELO Sharpe Ratio Rank: 53
HELO Sortino Ratio Rank: 52
HELO Omega Ratio Rank: 59
HELO Calmar Ratio Rank: 39
HELO Martin Ratio Rank: 51

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. HELO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 9 Buffer ETF - October (HOCT) and JPMorgan Hedged Equity Laddered Overlay ETF (HELO). 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	HELO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.63	—

Drawdowns

HOCT vs. HELO - Drawdown Comparison

The maximum HOCT drawdown since its inception was 0.00%, smaller than the maximum HELO drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for HOCT and HELO.

Drawdown Indicators

	HOCT	HELO	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-10.89%	+10.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.76%	—
Current Drawdown Current decline from peak	0.00%	-0.32%	+0.32%
Average Drawdown Average peak-to-trough decline	0.00%	-1.18%	+1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.30%	—

Volatility

Volatility by Period

	HOCT	HELO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	6.20%	-6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	7.95%	-7.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	7.95%	-7.95%

HOCT vs. HELO - Expense Ratio Comparison

HOCT has a 0.79% expense ratio, which is higher than HELO's 0.50% expense ratio.

Dividends

HOCT vs. HELO - Dividend Comparison

HOCT has not paid dividends to shareholders, while HELO's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025	2024	2023
HELO JPMorgan Hedged Equity Laddered Overlay ETF	0.62%	0.67%	0.60%	0.19%
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 HELO?

On fees, HELO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOCT or HELO?

HELO is cheaper with a 0.50% expense ratio, compared with 0.79% for HOCT.

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

HELO has the higher dividend yield at 0.62%, compared with 0.00% for HOCT.

What is the main difference between HOCT and HELO?

They also come from different issuers: Innovator and JPMorgan. Their fees differ too: 0.79% for HOCT and 0.50% for HELO.