NBOS vs. HOCT

Last updated Jun 4, 2026

NBOS (Neuberger Berman Option Strategy ETF) and HOCT (Innovator Premium Income 9 Buffer ETF - October) are both Options Trading funds. Both are actively managed. NBOS charges 0.56%/yr vs 0.79%/yr for HOCT.

Performance

NBOS vs. HOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Option Strategy ETF (NBOS) and Innovator Premium Income 9 Buffer ETF - October (HOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NBOS

• 1D: -0.16%
• 1M: 2.06%
• YTD: 6.51%
• 6M: 7.94%
• 1Y: 19.19%
• 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)

NBOS vs. HOCT - Yearly Performance Comparison

	2026 (YTD)
NBOS Neuberger Berman Option Strategy ETF	4.66%
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%

Return for Risk

NBOS vs. HOCT — Risk / Return Rank

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

NBOS

NBOS Risk / Return Rank: 84
NBOS Sharpe Ratio Rank: 79
NBOS Sortino Ratio Rank: 81
NBOS Omega Ratio Rank: 87
NBOS Calmar Ratio Rank: 79
NBOS Martin Ratio Rank: 92

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.

NBOS vs. HOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Option Strategy ETF (NBOS) 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.

	NBOS	HOCT	Difference
Sharpe ratio: Return per unit of total volatility	2.58	—	—
Sortino ratio: Return per unit of downside risk	3.62	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	4.09	—	—
Martin ratio: Return relative to average drawdown	23.25	—	—
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

	NBOS	HOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	—	—

Drawdowns

NBOS vs. HOCT - Drawdown Comparison

The maximum NBOS drawdown since its inception was -12.66%, which is greater than HOCT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for NBOS and HOCT.

Drawdown Indicators

	NBOS	HOCT	Difference
Max Drawdown Largest peak-to-trough decline	-12.66%	0.00%	-12.66%
Max Drawdown (1Y) Largest decline over 1 year	-4.71%	—	—
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-1.10%	0.00%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	—	—

Volatility

Volatility by Period

	NBOS	HOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.47%	0.00%	+7.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.96%	0.00%	+9.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.96%	0.00%	+9.96%

NBOS vs. HOCT - Expense Ratio Comparison

NBOS has a 0.56% expense ratio, which is lower than HOCT's 0.79% expense ratio.

Dividends

NBOS vs. HOCT - Dividend Comparison

NBOS's dividend yield for the trailing twelve months is around 7.93%, 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%
NBOS Neuberger Berman Option Strategy ETF	7.93%	7.81%	7.32%

Frequently Asked Questions

Which ETF is better, NBOS or HOCT?

On fees, NBOS is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBOS or HOCT?

NBOS is cheaper with a 0.56% expense ratio, compared with 0.79% for HOCT.

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

NBOS has the higher dividend yield at 7.93%, compared with 0.00% for HOCT.

What is the main difference between NBOS and HOCT?

They also come from different issuers: Neuberger Berman and Innovator. Their fees differ too: 0.56% for NBOS and 0.79% for HOCT.