NOCT vs. AIOO

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF - October (NOCT) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO).

NOCT and AIOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NOCT is an actively managed fund by Innovator. It was launched on Sep 30, 2019. AIOO is an actively managed fund by Allianz. It was launched on Jun 30, 2025.

Performance

NOCT vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF - October (NOCT) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

NOCT vs. AIOO - Yearly Performance Comparison

	2026 (YTD)	2025
NOCT Innovator Growth-100 Power Buffer ETF - October	-2.68%	6.72%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.01%	2.67%

Returns By Period

In the year-to-date period, NOCT achieves a -2.68% return, which is significantly lower than AIOO's 0.01% return.

NOCT

• 1D: 1.91%
• 1M: -2.43%
• YTD: -2.68%
• 6M: -0.78%
• 1Y: 13.38%
• 3Y*: 12.93%
• 5Y*: 8.72%
• 10Y*: —

AIOO

• 1D: 0.08%
• 1M: -0.25%
• YTD: 0.01%
• 6M: 0.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NOCT vs. AIOO - Expense Ratio Comparison

NOCT has a 0.79% expense ratio, which is higher than AIOO's 0.64% expense ratio.

NOCT

Innovator Growth-100 Power Buffer ETF - October

AIOO

AllianzIM U.S. Equity Buffer100 Protection ETF

Return for Risk

NOCT vs. AIOO — Risk / Return Rank

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

NOCT

NOCT Risk / Return Rank: 68
NOCT Sharpe Ratio Rank: 60
NOCT Sortino Ratio Rank: 66
NOCT Omega Ratio Rank: 72
NOCT Calmar Ratio Rank: 65
NOCT Martin Ratio Rank: 77

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.

NOCT vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - October (NOCT) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). 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.

	NOCT	AIOO	Difference
Sharpe ratio Return per unit of total volatility	1.07	—	—
Sortino ratio Return per unit of downside risk	1.68	—	—
Omega ratio Gain probability vs. loss probability	1.27	—	—
Calmar ratio Return relative to maximum drawdown	1.64	—	—
Martin ratio Return relative to average drawdown	8.30	—	—
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

	NOCT	AIOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.82	-0.95

Correlation

The correlation between NOCT and AIOO is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NOCT vs. AIOO - Dividend Comparison

Neither NOCT nor AIOO has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
NOCT Innovator Growth-100 Power Buffer ETF - October	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.07%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NOCT vs. AIOO - Drawdown Comparison

The maximum NOCT drawdown since its inception was -16.21%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for NOCT and AIOO.

Drawdown Indicators

	NOCT	AIOO	Difference
Max Drawdown Largest peak-to-trough decline	-16.21%	-0.74%	-15.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	—	—
Current Drawdown Current decline from peak	-4.04%	-0.45%	-3.59%
Average Drawdown Average peak-to-trough decline	-2.39%	-0.19%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	—	—

Volatility

Volatility by Period

	NOCT	AIOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	1.99%	+10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.93%	1.99%	+8.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.29%	1.99%	+9.30%