KBUF vs. HOCT

Last updated Jun 4, 2026

KBUF (KraneShares 90% KWEB Defined Outcome January 2026 ETF) and HOCT (Innovator Premium Income 9 Buffer ETF - October) are both Options Trading funds. Both are actively managed. KBUF charges 0.95%/yr vs 0.79%/yr for HOCT.

Performance

KBUF vs. HOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) and Innovator Premium Income 9 Buffer ETF - October (HOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KBUF

• 1D: -2.36%
• 1M: -3.27%
• YTD: -11.47%
• 6M: -11.63%
• 1Y: -3.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOCT

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

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

KBUF vs. HOCT - Yearly Performance Comparison

	2026 (YTD)
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	-12.29%
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%

Return for Risk

KBUF vs. HOCT — Risk / Return Rank

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

KBUF

KBUF Risk / Return Rank: 6
KBUF Sharpe Ratio Rank: 6
KBUF Sortino Ratio Rank: 6
KBUF Omega Ratio Rank: 6
KBUF Calmar Ratio Rank: 7
KBUF Martin Ratio Rank: 7

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.

KBUF vs. HOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 90% KWEB Defined Outcome January 2026 ETF (KBUF) and Innovator Premium Income 9 Buffer ETF - October (HOCT). 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.

	KBUF	HOCT	Difference
Sharpe ratio Return per unit of total volatility	-0.24	—	—
Sortino ratio Return per unit of downside risk	-0.25	—	—
Omega ratio Gain probability vs. loss probability	0.97	—	—
Calmar ratio Return relative to maximum drawdown	-0.18	—	—
Martin ratio Return relative to average drawdown	-0.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KBUF	HOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	—	—

Drawdowns

KBUF vs. HOCT - Drawdown Comparison

The maximum KBUF drawdown since its inception was -17.01%, which is greater than HOCT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for KBUF and HOCT.

Drawdown Indicators

	KBUF	HOCT	Difference
Max Drawdown Largest peak-to-trough decline	-17.01%	0.00%	-17.01%
Max Drawdown (1Y) Largest decline over 1 year	-17.01%	—	—
Current Drawdown Current decline from peak	-16.70%	0.00%	-16.70%
Average Drawdown Average peak-to-trough decline	-4.16%	0.00%	-4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.50%	—	—

Volatility

Volatility by Period

	KBUF	HOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	0.00%	+13.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.35%	0.00%	+14.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.35%	0.00%	+14.35%

KBUF vs. HOCT - Expense Ratio Comparison

KBUF has a 0.95% expense ratio, which is higher than HOCT's 0.79% expense ratio.

Dividends

KBUF vs. HOCT - Dividend Comparison

KBUF's dividend yield for the trailing twelve months is around 8.49%, while HOCT has not paid dividends to shareholders.

Position	TTM	2025	2024
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%	0.00%	0.00%
KBUF KraneShares 90% KWEB Defined Outcome January 2026 ETF	8.49%	7.51%	3.53%

Frequently Asked Questions

Which ETF is better, KBUF or HOCT?

On fees, HOCT is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KBUF or HOCT?

HOCT is cheaper with a 0.79% expense ratio, compared with 0.95% for KBUF.

Which ETF pays a higher dividend yield, KBUF or HOCT?

KBUF has the higher dividend yield at 8.49%, compared with 0.00% for HOCT.

What is the main difference between KBUF and HOCT?

They also come from different issuers: KraneShares and Innovator. Their fees differ too: 0.95% for KBUF and 0.79% for HOCT.