LOCT vs. SMYY

Last updated Jun 4, 2026

LOCT (Innovator Premium Income 15 Buffer ETF - October) and SMYY (GraniteShares YieldBOOST SMCI ETF) are both Options Trading funds. At a 0.39 correlation, their price movements are largely independent. LOCT charges 0.79%/yr vs 1.07%/yr for SMYY.

Performance

LOCT vs. SMYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 15 Buffer ETF - October (LOCT) and GraniteShares YieldBOOST SMCI ETF (SMYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LOCT achieves a 2.29% return, which is significantly lower than SMYY's 6.70% return.

LOCT

• 1D: -0.04%
• 1M: 0.54%
• YTD: 2.29%
• 6M: 2.92%
• 1Y: 5.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMYY

• 1D: -0.53%
• 1M: 3.58%
• YTD: 6.70%
• 6M: -8.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LOCT vs. SMYY - Yearly Performance Comparison

	2026 (YTD)	2025
LOCT Innovator Premium Income 15 Buffer ETF - October	2.29%	1.55%
SMYY GraniteShares YieldBOOST SMCI ETF	6.70%	-27.52%

Correlation

The correlation between LOCT and SMYY is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.39

Return for Risk

LOCT vs. SMYY — Risk / Return Rank

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

LOCT

LOCT Risk / Return Rank: 89
LOCT Sharpe Ratio Rank: 83
LOCT Sortino Ratio Rank: 89
LOCT Omega Ratio Rank: 93
LOCT Calmar Ratio Rank: 85
LOCT Martin Ratio Rank: 93

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.

LOCT vs. SMYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - October (LOCT) and GraniteShares YieldBOOST SMCI ETF (SMYY). 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.

	LOCT	SMYY	Difference
Sharpe ratio: Return per unit of total volatility	2.67	—	—
Sortino ratio: Return per unit of downside risk	4.10	—	—
Omega ratio: Gain probability vs. loss probability	1.66	—	—
Calmar ratio: Return relative to maximum drawdown	4.71	—	—
Martin ratio: Return relative to average drawdown	25.14	—	—
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

	LOCT	SMYY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	-0.98	+2.67

Drawdowns

LOCT vs. SMYY - Drawdown Comparison

The maximum LOCT drawdown since its inception was -4.69%, smaller than the maximum SMYY drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for LOCT and SMYY.

Drawdown Indicators

	LOCT	SMYY	Difference
Max Drawdown Largest peak-to-trough decline	-4.69%	-36.84%	+32.15%
Max Drawdown (1Y) Largest decline over 1 year	-1.23%	—	—
Current Drawdown Current decline from peak	-0.06%	-28.74%	+28.68%
Average Drawdown Average peak-to-trough decline	-0.14%	-25.15%	+25.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	—	—

Volatility

Volatility by Period

	LOCT	SMYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.16%	32.69%	-30.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.60%	32.69%	-29.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.60%	32.69%	-29.09%

LOCT vs. SMYY - Expense Ratio Comparison

LOCT has a 0.79% expense ratio, which is lower than SMYY's 1.07% expense ratio.

Dividends

LOCT vs. SMYY - Dividend Comparison

LOCT's dividend yield for the trailing twelve months is around 5.14%, less than SMYY's 146.89% yield.

Position	TTM	2025	2024	2023
LOCT Innovator Premium Income 15 Buffer ETF - October	5.14%	5.12%	6.27%	1.64%
SMYY GraniteShares YieldBOOST SMCI ETF	146.89%	53.33%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LOCT and SMYY in my portfolio?

LOCT and SMYY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LOCT or SMYY?

On fees, LOCT 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, LOCT or SMYY?

LOCT is cheaper with a 0.79% expense ratio, compared with 1.07% for SMYY.

Which ETF pays a higher dividend yield, LOCT or SMYY?

SMYY has the higher dividend yield at 146.89%, compared with 5.14% for LOCT.

What is the main difference between LOCT and SMYY?

They also come from different issuers: Innovator and GraniteShares. Their fees differ too: 0.79% for LOCT and 1.07% for SMYY.