HOCT vs. KPRO

Last updated Jun 4, 2026

HOCT (Innovator Premium Income 9 Buffer ETF - October) and KPRO (KraneShares 100% KWEB Defined Outcome January 2026 ETF) are both Options Trading funds. Both are actively managed. HOCT charges 0.79%/yr vs 0.95%/yr for KPRO.

Performance

HOCT vs. KPRO - 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 100% KWEB Defined Outcome January 2026 ETF (KPRO). 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*: —

KPRO

• 1D: -0.85%
• 1M: -1.53%
• YTD: -5.12%
• 6M: -9.44%
• 1Y: -1.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOCT vs. KPRO - Yearly Performance Comparison

	2026 (YTD)
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF	-5.69%

Return for Risk

HOCT vs. KPRO — Risk / Return Rank

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

KPRO

KPRO Risk / Return Rank: 7
KPRO Sharpe Ratio Rank: 7
KPRO Sortino Ratio Rank: 6
KPRO Omega Ratio Rank: 6
KPRO Calmar Ratio Rank: 7
KPRO Martin Ratio Rank: 7

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. KPRO - 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 100% KWEB Defined Outcome January 2026 ETF (KPRO). 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	KPRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.81	—

Drawdowns

HOCT vs. KPRO - Drawdown Comparison

The maximum HOCT drawdown since its inception was 0.00%, smaller than the maximum KPRO drawdown of -11.92%. Use the drawdown chart below to compare losses from any high point for HOCT and KPRO.

Drawdown Indicators

	HOCT	KPRO	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-11.92%	+11.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.92%	—
Current Drawdown Current decline from peak	0.00%	-11.91%	+11.91%
Average Drawdown Average peak-to-trough decline	0.00%	-2.40%	+2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.01%	—

Volatility

Volatility by Period

	HOCT	KPRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	8.86%	-8.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	7.83%	-7.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	7.83%	-7.83%

HOCT vs. KPRO - Expense Ratio Comparison

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

Dividends

HOCT vs. KPRO - Dividend Comparison

HOCT has not paid dividends to shareholders, while KPRO's dividend yield for the trailing twelve months is around 2.79%.

Position	TTM	2025	2024
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%	0.00%	0.00%
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF	2.79%	2.65%	3.70%

Frequently Asked Questions

Which ETF is better, HOCT or KPRO?

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 KPRO?

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

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

KPRO has the higher dividend yield at 2.79%, compared with 0.00% for HOCT.

What is the main difference between HOCT and KPRO?

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