NJUN vs. OCTB

Last updated Jun 23, 2026

NJUN (Innovator Growth-100 Power Buffer ETF - June) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. NJUN charges 0.79%/yr vs 0.25%/yr for OCTB.

Performance

NJUN vs. OCTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF - June (NJUN) and Aptus October Buffer ETF (OCTB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NJUN achieves a 4.16% return, which is significantly lower than OCTB's 6.11% return.

NJUN

• 1D: -0.18%
• 1M: -0.18%
• YTD: 4.16%
• 6M: 4.26%
• 1Y: 13.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OCTB

• 1D: -0.15%
• 1M: 0.56%
• YTD: 6.11%
• 6M: 6.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NJUN vs. OCTB - Yearly Performance Comparison

	2026 (YTD)	2025
NJUN Innovator Growth-100 Power Buffer ETF - June	4.16%	2.33%
OCTB Aptus October Buffer ETF	6.11%	2.37%

Correlation

The correlation between NJUN and OCTB is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.88

Return for Risk

NJUN vs. OCTB — Risk / Return Rank

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

NJUN

NJUN Risk / Return Rank: 71
NJUN Sharpe Ratio Rank: 59
NJUN Sortino Ratio Rank: 60
NJUN Omega Ratio Rank: 74
NJUN Calmar Ratio Rank: 75
NJUN Martin Ratio Rank: 88

OCTB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NJUN vs. OCTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - June (NJUN) and Aptus October Buffer ETF (OCTB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NJUN	OCTB	Difference
Sharpe ratio: Return per unit of total volatility	1.91	—	—
Sortino ratio: Return per unit of downside risk	2.76	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	3.71	—	—
Martin ratio: Return relative to average drawdown	18.76	—	—

Drawdowns

NJUN vs. OCTB - Drawdown Comparison

The maximum NJUN drawdown since its inception was -12.59%, which is greater than OCTB's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for NJUN and OCTB.

Drawdown Indicators

	NJUN	OCTB	Difference
Max Drawdown Largest peak-to-trough decline	-12.59%	-4.79%	-7.80%
Max Drawdown (1Y) Largest decline over 1 year	-3.63%	—	—
Current Drawdown Current decline from peak	-0.58%	-0.26%	-0.32%
Average Drawdown Average peak-to-trough decline	-1.08%	-0.69%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	—	—

Volatility

Volatility by Period

	NJUN	OCTB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.06%	7.24%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.87%	7.24%	+3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.87%	7.24%	+3.63%

NJUN vs. OCTB - Expense Ratio Comparison

NJUN has a 0.79% expense ratio, which is higher than OCTB's 0.25% expense ratio.

Dividends

NJUN vs. OCTB - Dividend Comparison

Neither NJUN nor OCTB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NJUN and OCTB in my portfolio?

NJUN and OCTB have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NJUN or OCTB?

On fees, OCTB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NJUN or OCTB?

OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for NJUN.

Which ETF pays a higher dividend yield, NJUN or OCTB?

NJUN and OCTB have nearly identical dividend yields, around 0.00%.

What is the main difference between NJUN and OCTB?

They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for NJUN and 0.25% for OCTB.