IAUG vs. POCT

Last updated Aug 4, 2026

IAUG (Innovator International Developed Power Buffer ETF) and POCT (Innovator U.S. Equity Power Buffer ETF October) are both Defined Outcome funds from Innovator. IAUG is actively managed, while POCT is passively managed. Over the past year, IAUG returned 13.97% vs 12.76% for POCT. Their 0.61 correlation means they have sometimes moved together and sometimes differently. IAUG charges 0.85%/yr vs 0.79%/yr for POCT.

Performance

IAUG vs. POCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF (IAUG) and Innovator U.S. Equity Power Buffer ETF October (POCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAUG achieves a 7.52% return, which is significantly higher than POCT's 6.88% return.

IAUG

• 1D: 0.39%
• 1M: 1.22%
• 6M: 5.03%
• YTD: 7.52%
• 1Y: 13.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.10%

POCT

• 1D: 0.41%
• 1M: 1.23%
• 6M: 5.89%
• YTD: 6.88%
• 1Y: 12.76%
• 3Y*: 11.76%
• 5Y*: 9.96%
• 10Y*: —
• ALL TIME*: 8.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IAUG Innovator International Developed Power Buffer ETF	$1.28M	$757.29K	$377.09K
POCT Innovator U.S. Equity Power Buffer ETF October	$1.65M	$1.91M	$3.35M

IAUG vs. POCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IAUG Innovator International Developed Power Buffer ETF	7.52%	17.50%	-2.26%
POCT Innovator U.S. Equity Power Buffer ETF October	6.88%	11.00%	2.70%

Correlation

The correlation between IAUG and POCT is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.61

The correlation between IAUG and POCT has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.

IAUG vs. POCT - Sectors Allocation Comparison

Sectors	IAUG	POCT
Financial Services	24.7%	11.7%
Industrials	18.8%	8.4%
Technology	12.6%	37.9%
Healthcare	10.5%	9.1%
Consumer Cyclical	7.5%	9.6%
Consumer Defensive	6.8%	4.6%
Basic Materials	5.8%	1.7%
Communication Services	4.5%	10.0%
Utilities	3.8%	2.3%
Energy	3.3%	3.0%
Real Estate	1.7%	1.9%

Return for Risk

IAUG vs. POCT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IAUG

IAUG Risk / Return Rank: 84
IAUG Sharpe Ratio Rank: 86
IAUG Sortino Ratio Rank: 87
IAUG Omega Ratio Rank: 88
IAUG Calmar Ratio Rank: 77
IAUG Martin Ratio Rank: 84

POCT

POCT Risk / Return Rank: 85
POCT Sharpe Ratio Rank: 84
POCT Sortino Ratio Rank: 86
POCT Omega Ratio Rank: 88
POCT Calmar Ratio Rank: 78
POCT Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IAUG vs. POCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF (IAUG) and Innovator U.S. Equity Power Buffer ETF October (POCT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IAUG	POCT	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.06	+0.12
Sortino ratio: Return per unit of downside risk	3.15	2.97	+0.18
Omega ratio: Gain probability vs. loss probability	1.43	1.41	+0.02
Calmar ratio: Return relative to maximum drawdown	2.95	2.91	+0.04
Martin ratio: Return relative to average drawdown	12.60	14.61	-2.02

IAUG vs. POCT - Sharpe Ratio Comparison

The current IAUG Sharpe Ratio is 2.18, which is comparable to the POCT Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of IAUG and POCT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IAUG vs. POCT - Drawdown Comparison

The maximum IAUG drawdown since its inception was -8.03%, smaller than the maximum POCT drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for IAUG and POCT.

Drawdown Indicators

	IAUG	POCT	Difference
Max Drawdown Largest peak-to-trough decline	-8.03%	-18.80%	+10.77%
Max Drawdown (1Y) Largest decline over 1 year	-4.75%	-4.40%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.22%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.53%	-1.48%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	0.87%	+0.24%

Volatility

IAUG vs. POCT - Volatility Comparison

The current volatility for Innovator International Developed Power Buffer ETF (IAUG) is 0.67%, while Innovator U.S. Equity Power Buffer ETF October (POCT) has a volatility of 1.52%. This indicates that IAUG experiences smaller price fluctuations and is considered to be less risky than POCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAUG	POCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	1.52%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	4.98%	4.99%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	6.44%	6.23%	+0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.75%	8.00%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.75%	10.15%	-1.40%

IAUG vs. POCT - Expense Ratio Comparison

IAUG has a 0.85% expense ratio, which is higher than POCT's 0.79% expense ratio.

Dividends

IAUG vs. POCT - Dividend Comparison

Neither IAUG nor POCT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IAUG Innovator International Developed Power Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
POCT Innovator U.S. Equity Power Buffer ETF October	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.21%

Frequently Asked Questions

Can I hold both IAUG and POCT in my portfolio?

IAUG and POCT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IAUG or POCT?

POCT has higher volatility (1.52%) compared to IAUG (0.67%). In terms of maximum drawdown, IAUG dropped -8.03% vs POCT's -18.80%.

Which ETF is better, IAUG or POCT?

On 1-year performance, IAUG leads with 13.97% vs 12.76% for POCT. On fees, POCT is cheaper at 0.79% per year. On volatility, IAUG has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IAUG or POCT?

Over the 1-year period, IAUG has performed better with a 13.97% return vs 12.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IAUG or POCT?

POCT is cheaper with a 0.79% expense ratio, compared with 0.85% for IAUG.

Which ETF pays a higher dividend yield, IAUG or POCT?

IAUG and POCT have nearly identical dividend yields, around 0.00%.

What is the main difference between IAUG and POCT?

Their fees differ too: 0.85% for IAUG and 0.79% for POCT.

Which has better risk-adjusted returns?

IAUG currently has the higher Sharpe Ratio (2.18 vs 2.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.