HOCT vs. KLIP

Last updated Jun 4, 2026

HOCT (Innovator Premium Income 9 Buffer ETF - October) and KLIP (KraneShares China Internet and Covered Call Strategy ETF) are both Options Trading funds. HOCT charges 0.79%/yr vs 0.95%/yr for KLIP.

Performance

HOCT vs. KLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 9 Buffer ETF - October (HOCT) and KraneShares China Internet and Covered Call Strategy ETF (KLIP). 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*: —

KLIP

• 1D: -2.14%
• 1M: -2.02%
• YTD: -7.94%
• 6M: -9.28%
• 1Y: 1.16%
• 3Y*: 8.39%
• 5Y*: —
• 10Y*: —

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

HOCT vs. KLIP - Yearly Performance Comparison

	2026 (YTD)
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%
KLIP KraneShares China Internet and Covered Call Strategy ETF	-11.00%

Return for Risk

HOCT vs. KLIP — Risk / Return Rank

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

KLIP

KLIP Risk / Return Rank: 9
KLIP Sharpe Ratio Rank: 9
KLIP Sortino Ratio Rank: 9
KLIP Omega Ratio Rank: 9
KLIP Calmar Ratio Rank: 9
KLIP Martin Ratio Rank: 9

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. KLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 9 Buffer ETF - October (HOCT) and KraneShares China Internet and Covered Call Strategy ETF (KLIP). 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	KLIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.35	—

Drawdowns

HOCT vs. KLIP - Drawdown Comparison

The maximum HOCT drawdown since its inception was 0.00%, smaller than the maximum KLIP drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for HOCT and KLIP.

Drawdown Indicators

	HOCT	KLIP	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-18.61%	+18.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.61%	—
Current Drawdown Current decline from peak	0.00%	-13.22%	+13.22%
Average Drawdown Average peak-to-trough decline	0.00%	-3.79%	+3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.70%	—

Volatility

Volatility by Period

	HOCT	KLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	15.84%	-15.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	18.13%	-18.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	18.13%	-18.13%

HOCT vs. KLIP - Expense Ratio Comparison

HOCT has a 0.79% expense ratio, which is lower than KLIP's 0.95% expense ratio.

Dividends

HOCT vs. KLIP - Dividend Comparison

HOCT has not paid dividends to shareholders, while KLIP's dividend yield for the trailing twelve months is around 28.17%.

Position	TTM	2025	2024	2023
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%	0.00%	0.00%	0.00%
KLIP KraneShares China Internet and Covered Call Strategy ETF	28.17%	25.14%	54.26%	61.22%

Frequently Asked Questions

Which ETF is better, HOCT or KLIP?

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 KLIP?

HOCT is cheaper with a 0.79% expense ratio, compared with 0.95% for KLIP.

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

KLIP has the higher dividend yield at 28.17%, compared with 0.00% for HOCT.

What is the main difference between HOCT and KLIP?

They also come from different issuers: Innovator and CICC. Their fees differ too: 0.79% for HOCT and 0.95% for KLIP.