KPRO vs. HOCT

Last updated Jun 4, 2026

KPRO (KraneShares 100% KWEB Defined Outcome January 2026 ETF) and HOCT (Innovator Premium Income 9 Buffer ETF - October) are both Options Trading funds. Both are actively managed. KPRO charges 0.95%/yr vs 0.79%/yr for HOCT.

Performance

KPRO vs. HOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) and Innovator Premium Income 9 Buffer ETF - October (HOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KPRO

• 1D: -0.85%
• 1M: -1.53%
• YTD: -5.12%
• 6M: -9.44%
• 1Y: -1.92%
• 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)

KPRO vs. HOCT - Yearly Performance Comparison

	2026 (YTD)
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF	-5.69%
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%

Return for Risk

KPRO vs. HOCT — Risk / Return Rank

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

KPRO

KPRO Risk / Return Rank: 7
KPRO Sharpe Ratio Rank: 7
KPRO Sortino Ratio Rank: 6
KPRO Omega Ratio Rank: 6
KPRO Calmar Ratio Rank: 7
KPRO 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.

KPRO vs. HOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) 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.

	KPRO	HOCT	Difference
Sharpe ratio Return per unit of total volatility	-0.22	—	—
Sortino ratio Return per unit of downside risk	-0.21	—	—
Omega ratio Gain probability vs. loss probability	0.96	—	—
Calmar ratio Return relative to maximum drawdown	-0.16	—	—
Martin ratio Return relative to average drawdown	-0.32	—	—
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

	KPRO	HOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	—	—

Drawdowns

KPRO vs. HOCT - Drawdown Comparison

The maximum KPRO drawdown since its inception was -11.92%, which is greater than HOCT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for KPRO and HOCT.

Drawdown Indicators

	KPRO	HOCT	Difference
Max Drawdown Largest peak-to-trough decline	-11.92%	0.00%	-11.92%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	—	—
Current Drawdown Current decline from peak	-11.91%	0.00%	-11.91%
Average Drawdown Average peak-to-trough decline	-2.40%	0.00%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.01%	—	—

Volatility

Volatility by Period

	KPRO	HOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.86%	0.00%	+8.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.83%	0.00%	+7.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.83%	0.00%	+7.83%

KPRO vs. HOCT - Expense Ratio Comparison

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

Dividends

KPRO vs. HOCT - Dividend Comparison

KPRO's dividend yield for the trailing twelve months is around 2.79%, 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%
KPRO KraneShares 100% KWEB Defined Outcome January 2026 ETF	2.79%	2.65%	3.70%

Frequently Asked Questions

Which ETF is better, KPRO 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, KPRO or HOCT?

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

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

KPRO has the higher dividend yield at 2.79%, compared with 0.00% for HOCT.

What is the main difference between KPRO and HOCT?

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