HOCT vs. PHEQ
HOCT (Innovator Premium Income 9 Buffer ETF - October) and PHEQ (Parametric Hedged Equity ETF) are both Options Trading funds. Both are actively managed. HOCT charges 0.79%/yr vs 0.29%/yr for PHEQ.
Performance
HOCT vs. PHEQ - Performance Comparison
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Returns By Period
HOCT
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PHEQ
- 1D
- -0.18%
- 1M
- 1.64%
- YTD
- 5.67%
- 6M
- 6.14%
- 1Y
- 15.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOCT vs. PHEQ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HOCT Innovator Premium Income 9 Buffer ETF - October | 0.00% |
PHEQ Parametric Hedged Equity ETF | 5.22% |
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Return for Risk
HOCT vs. PHEQ — Risk / Return Rank
HOCT
PHEQ
HOCT vs. PHEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 9 Buffer ETF - October (HOCT) and Parametric Hedged Equity ETF (PHEQ). 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.
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Sharpe Ratios by Period
| HOCT | PHEQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 1.80 | — |
Drawdowns
HOCT vs. PHEQ - Drawdown Comparison
The maximum HOCT drawdown since its inception was 0.00%, smaller than the maximum PHEQ drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for HOCT and PHEQ.
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Drawdown Indicators
| HOCT | PHEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -12.55% | +12.55% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.26% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.18% | +0.18% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -0.97% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.93% | — |
Volatility
HOCT vs. PHEQ - Volatility Comparison
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Volatility by Period
| HOCT | PHEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 6.16% | -6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 8.62% | -8.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 8.62% | -8.62% |
HOCT vs. PHEQ - Expense Ratio Comparison
HOCT has a 0.79% expense ratio, which is higher than PHEQ's 0.29% expense ratio.
Dividends
HOCT vs. PHEQ - Dividend Comparison
HOCT has not paid dividends to shareholders, while PHEQ's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HOCT Innovator Premium Income 9 Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% |
PHEQ Parametric Hedged Equity ETF | 1.03% | 1.19% | 1.39% | 1.73% |
Frequently Asked Questions
On fees, PHEQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PHEQ is cheaper with a 0.29% expense ratio, compared with 0.79% for HOCT.
PHEQ has the higher dividend yield at 1.03%, compared with 0.00% for HOCT.
They also come from different issuers: Innovator and Parametric. Their fees differ too: 0.79% for HOCT and 0.29% for PHEQ.
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