IOCT vs. IVVB
IOCT (Innovator International Developed Power Buffer ETF- October) and IVVB (iShares Large Cap Deep Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past year, IOCT returned 14.36% vs 12.68% for IVVB. A 0.65 correlation means they provide meaningful diversification when combined. IOCT charges 0.85%/yr vs 0.50%/yr for IVVB.
Performance
IOCT vs. IVVB - Performance Comparison
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Returns By Period
In the year-to-date period, IOCT achieves a 5.46% return, which is significantly higher than IVVB's 3.81% return.
IOCT
- 1D
- -0.74%
- 1M
- 0.60%
- YTD
- 5.46%
- 6M
- 5.28%
- 1Y
- 14.36%
- 3Y*
- 12.46%
- 5Y*
- —
- 10Y*
- —
IVVB
- 1D
- -0.46%
- 1M
- -0.43%
- YTD
- 3.81%
- 6M
- 2.94%
- 1Y
- 12.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IOCT vs. IVVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IOCT Innovator International Developed Power Buffer ETF- October | 5.46% | 18.96% | 4.88% | 7.65% |
IVVB iShares Large Cap Deep Buffer ETF | 3.81% | 9.60% | 18.66% | 2.64% |
Correlation
The correlation between IOCT and IVVB is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.65 |
The correlation between IOCT and IVVB has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.
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Return for Risk
IOCT vs. IVVB — Risk / Return Rank
IOCT
IVVB
IOCT vs. IVVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF- October (IOCT) and iShares Large Cap Deep Buffer ETF (IVVB). 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.
| IOCT | IVVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.22 | +0.25 |
| Martin ratioReturn relative to average drawdown | 9.38 | 9.43 | -0.06 |
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Drawdowns
IOCT vs. IVVB - Drawdown Comparison
The maximum IOCT drawdown since its inception was -16.94%, which is greater than IVVB's maximum drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for IOCT and IVVB.
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Drawdown Indicators
| IOCT | IVVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.94% | -13.08% | -3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.84% | -5.75% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.88% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -1.59% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.35% | +0.18% |
Volatility
IOCT vs. IVVB - Volatility Comparison
Innovator International Developed Power Buffer ETF- October (IOCT) has a higher volatility of 2.47% compared to iShares Large Cap Deep Buffer ETF (IVVB) at 1.74%. This indicates that IOCT's price experiences larger fluctuations and is considered to be riskier than IVVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IOCT | IVVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 1.74% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 5.49% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.93% | 7.40% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.37% | 9.25% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 9.25% | +0.12% |
IOCT vs. IVVB - Expense Ratio Comparison
IOCT has a 0.85% expense ratio, which is higher than IVVB's 0.50% expense ratio.
Dividends
IOCT vs. IVVB - Dividend Comparison
IOCT has not paid dividends to shareholders, while IVVB's dividend yield for the trailing twelve months is around 1.18%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IOCT Innovator International Developed Power Buffer ETF- October | 0.00% | 0.00% | 0.00% |
IVVB iShares Large Cap Deep Buffer ETF | 1.18% | 1.22% | 0.87% |
Frequently Asked Questions
IOCT and IVVB have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOCT has higher volatility (2.47%) compared to IVVB (1.74%). In terms of maximum drawdown, IOCT dropped -16.94% vs IVVB's -13.08%.
On 1-year performance, IOCT leads with 14.36% vs 12.68% for IVVB. On fees, IVVB is cheaper at 0.50% per year. On volatility, IVVB has been the lower-risk option at 1.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IOCT has performed better with a 14.36% return vs 12.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVB is cheaper with a 0.50% expense ratio, compared with 0.85% for IOCT.
IVVB has the higher dividend yield at 1.18%, compared with 0.00% for IOCT.
They also come from different issuers: Innovator and iShares. Their fees differ too: 0.85% for IOCT and 0.50% for IVVB.
IVVB currently has the higher Sharpe Ratio (1.72 vs 1.62), 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.
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