IJUL vs. POCT

Last updated Aug 2, 2026

IJUL (Innovator International Developed Power Buffer ETF - July) and POCT (Innovator U.S. Equity Power Buffer ETF October) are both Defined Outcome funds from Innovator - IJUL tracks the MSCI EAFE Index while POCT tracks the Cboe S&P 500 15% Buffer Protect October Series Index. Both are passively managed. Over the past 5 years, IJUL returned 8.32%/yr vs 9.89%/yr for POCT. Their 0.64 correlation means they have sometimes moved together and sometimes differently. IJUL charges 0.85%/yr vs 0.79%/yr for POCT.

Performance

IJUL vs. POCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - July (IJUL) 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, IJUL achieves a 8.75% return, which is significantly higher than POCT's 6.44% return.

IJUL

• 1D: -0.33%
• 1M: 0.75%
• 6M: 6.43%
• YTD: 8.75%
• 1Y: 15.64%
• 3Y*: 11.33%
• 5Y*: 8.32%
• 10Y*: —
• ALL TIME*: 6.71%

POCT

• 1D: 0.32%
• 1M: 0.82%
• 6M: 5.73%
• YTD: 6.44%
• 1Y: 12.30%
• 3Y*: 11.51%
• 5Y*: 9.89%
• 10Y*: —
• ALL TIME*: 8.85%

*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)
IJUL Innovator International Developed Power Buffer ETF - July	$1.86M	$3.14M	$1.80M
POCT Innovator U.S. Equity Power Buffer ETF October	$1.31M	$1.79M	$3.31M

IJUL vs. POCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IJUL Innovator International Developed Power Buffer ETF - July	8.75%	20.98%	2.12%	13.77%	-2.77%	2.80%	0.42%	3.27%
POCT Innovator U.S. Equity Power Buffer ETF October	6.44%	11.00%	9.54%	20.12%	-1.26%	9.46%	10.40%	2.93%

Correlation

The correlation between IJUL and POCT is 0.75, 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.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.64

The correlation between IJUL and POCT shifts across timeframes, from 0.63 (3 years) to 0.75 (1 year), reflecting how their relationship changes across market environments.

IJUL vs. POCT - Sectors Allocation Comparison

Sectors	IJUL	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

IJUL vs. POCT — Risk / Return Rank

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

IJUL

IJUL Risk / Return Rank: 84
IJUL Sharpe Ratio Rank: 85
IJUL Sortino Ratio Rank: 86
IJUL Omega Ratio Rank: 86
IJUL Calmar Ratio Rank: 80
IJUL Martin Ratio Rank: 86

POCT

POCT Risk / Return Rank: 82
POCT Sharpe Ratio Rank: 81
POCT Sortino Ratio Rank: 82
POCT Omega Ratio Rank: 84
POCT Calmar Ratio Rank: 75
POCT Martin Ratio Rank: 88

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.

IJUL vs. POCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - July (IJUL) 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.

	IJUL	POCT	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.86	+0.13
Sortino ratio: Return per unit of downside risk	2.88	2.67	+0.21
Omega ratio: Gain probability vs. loss probability	1.38	1.36	+0.02
Calmar ratio: Return relative to maximum drawdown	2.94	2.64	+0.31
Martin ratio: Return relative to average drawdown	12.24	13.23	-0.99

IJUL vs. POCT - Sharpe Ratio Comparison

The current IJUL Sharpe Ratio is 1.99, which is comparable to the POCT Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of IJUL 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

IJUL vs. POCT - Drawdown Comparison

The maximum IJUL drawdown since its inception was -21.09%, which is greater than POCT's maximum drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for IJUL and POCT.

Drawdown Indicators

	IJUL	POCT	Difference
Max Drawdown Largest peak-to-trough decline	-21.09%	-18.80%	-2.29%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-4.40%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	-8.27%	-10.22%	+1.95%
Max Drawdown (5Y) Largest decline over 5 years	-14.59%	-10.22%	-4.37%
Current Drawdown Current decline from peak	-0.33%	0.00%	-0.33%
Average Drawdown Average peak-to-trough decline	-2.50%	-1.48%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	0.88%	+0.40%

Volatility

IJUL vs. POCT - Volatility Comparison

Innovator International Developed Power Buffer ETF - July (IJUL) has a higher volatility of 2.82% compared to Innovator U.S. Equity Power Buffer ETF October (POCT) at 1.48%. This indicates that IJUL's price experiences larger fluctuations and is considered to be riskier than POCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJUL	POCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	1.48%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	6.68%	4.98%	+1.70%
Volatility (1Y) Calculated over the trailing 1-year period	7.94%	6.26%	+1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.92%	8.00%	+1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.03%	10.15%	+0.88%

IJUL vs. POCT - Expense Ratio Comparison

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

Dividends

IJUL vs. POCT - Dividend Comparison

Neither IJUL nor POCT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IJUL Innovator International Developed Power Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.99%
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 IJUL and POCT in my portfolio?

IJUL and POCT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IJUL or POCT?

IJUL has higher volatility (2.82%) compared to POCT (1.48%). In terms of maximum drawdown, IJUL dropped -21.09% vs POCT's -18.80%.

Which ETF is better, IJUL or POCT?

On 5-year performance, POCT leads with 9.89% vs 8.32% for IJUL. On fees, POCT is cheaper at 0.79% per year. On volatility, POCT has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IJUL or POCT?

Over the 5-year period, POCT has performed better with a 9.89% return vs 8.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IJUL or POCT?

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

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

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

What is the main difference between IJUL and POCT?

IJUL tracks MSCI EAFE Index, while POCT tracks Cboe S&P 500 15% Buffer Protect October Series Index. Their fees differ too: 0.85% for IJUL and 0.79% for POCT.

Which has better risk-adjusted returns?

IJUL currently has the higher Sharpe Ratio (1.99 vs 1.86), 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.