HOCT vs. NVDY

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Premium Income 9 Buffer ETF - October (HOCT) and YieldMax NVDA Option Income Strategy ETF (NVDY).

HOCT and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HOCT is an actively managed fund by Innovator. It was launched on Sep 29, 2023. NVDY is an actively managed fund by YieldMax. It was launched on May 10, 2023.

Performance

HOCT vs. NVDY - 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 NVDA Option Income Strategy ETF (NVDY). The values are adjusted to include any dividend payments, if applicable.

HOCT vs. NVDY - Yearly Performance Comparison

	2026 (YTD)
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%
NVDY YieldMax NVDA Option Income Strategy ETF	-1.74%

Returns By Period

HOCT

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

NVDY

• 1D: 4.85%
• 1M: 1.16%
• YTD: -1.61%
• 6M: 0.55%
• 1Y: 54.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOCT vs. NVDY - Expense Ratio Comparison

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

NVDY

YieldMax NVDA Option Income Strategy ETF

HOCT

Innovator Premium Income 9 Buffer ETF - October

Return for Risk

HOCT vs. NVDY — Risk / Return Rank

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

NVDY

NVDY Risk / Return Rank: 87
NVDY Sharpe Ratio Rank: 86
NVDY Sortino Ratio Rank: 86
NVDY Omega Ratio Rank: 81
NVDY Calmar Ratio Rank: 95
NVDY Martin Ratio Rank: 88

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. NVDY - 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 NVDA Option Income Strategy ETF (NVDY). 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	NVDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.53	—

Dividends

HOCT vs. NVDY - Dividend Comparison

HOCT has not paid dividends to shareholders, while NVDY's dividend yield for the trailing twelve months is around 72.79%.

	TTM	2025	2024	2023
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%	0.00%	0.00%	0.00%
NVDY YieldMax NVDA Option Income Strategy ETF	72.79%	83.10%	83.65%	22.32%

Drawdowns

HOCT vs. NVDY - Drawdown Comparison

The maximum HOCT drawdown since its inception was 0.00%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for HOCT and NVDY.

Drawdown Indicators

	HOCT	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-34.08%	+34.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.77%	—
Current Drawdown Current decline from peak	0.00%	-7.88%	+7.88%
Average Drawdown Average peak-to-trough decline	0.00%	-6.31%	+6.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.28%	—

Volatility

Volatility by Period

	HOCT	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	32.45%	-32.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	38.77%	-38.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	38.77%	-38.77%