MSTQ vs. HOCT

Last updated Jun 4, 2026

MSTQ (LHA Market State Tactical Q ETF) and HOCT (Innovator Premium Income 9 Buffer ETF - October) are both Options Trading funds. Both are actively managed. MSTQ charges 1.59%/yr vs 0.79%/yr for HOCT.

Performance

MSTQ vs. HOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LHA Market State Tactical Q ETF (MSTQ) and Innovator Premium Income 9 Buffer ETF - October (HOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSTQ

• 1D: -0.21%
• 1M: 9.02%
• YTD: 17.40%
• 6M: 15.69%
• 1Y: 31.81%
• 3Y*: 24.11%
• 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)

MSTQ vs. HOCT - Yearly Performance Comparison

	2026 (YTD)
MSTQ LHA Market State Tactical Q ETF	18.81%
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%

Return for Risk

MSTQ vs. HOCT — Risk / Return Rank

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

MSTQ

MSTQ Risk / Return Rank: 59
MSTQ Sharpe Ratio Rank: 68
MSTQ Sortino Ratio Rank: 64
MSTQ Omega Ratio Rank: 64
MSTQ Calmar Ratio Rank: 52
MSTQ Martin Ratio Rank: 48

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.

MSTQ vs. HOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LHA Market State Tactical Q ETF (MSTQ) 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.

	MSTQ	HOCT	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	2.97	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.58	—	—
Martin ratio: Return relative to average drawdown	8.04	—	—
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

	MSTQ	HOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	—	—

Drawdowns

MSTQ vs. HOCT - Drawdown Comparison

The maximum MSTQ drawdown since its inception was -31.05%, which is greater than HOCT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MSTQ and HOCT.

Drawdown Indicators

	MSTQ	HOCT	Difference
Max Drawdown Largest peak-to-trough decline	-31.05%	0.00%	-31.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.22%	—	—
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-8.62%	0.00%	-8.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	—	—

Volatility

Volatility by Period

	MSTQ	HOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.35%	0.00%	+14.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.85%	0.00%	+18.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	0.00%	+18.85%

MSTQ vs. HOCT - Expense Ratio Comparison

MSTQ has a 1.59% expense ratio, which is higher than HOCT's 0.79% expense ratio.

Dividends

MSTQ vs. HOCT - Dividend Comparison

MSTQ's dividend yield for the trailing twelve months is around 11.90%, while HOCT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%	0.00%	0.00%	0.00%
MSTQ LHA Market State Tactical Q ETF	11.90%	13.97%	3.72%	0.77%

Frequently Asked Questions

Which ETF is better, MSTQ 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, MSTQ or HOCT?

HOCT is cheaper with a 0.79% expense ratio, compared with 1.59% for MSTQ.

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

MSTQ has the higher dividend yield at 11.90%, compared with 0.00% for HOCT.

What is the main difference between MSTQ and HOCT?

They also come from different issuers: Little Harbor Advisors and Innovator. Their fees differ too: 1.59% for MSTQ and 0.79% for HOCT.