NOCT vs. BRK-B
NOCT (Innovator Growth-100 Power Buffer ETF - October) is Defined Outcome fund actively managed by Innovator, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, NOCT returned 10.11%/yr vs 12.29%/yr for BRK-B. At a 0.37 correlation, their price movements are largely independent.
Performance
NOCT vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, NOCT achieves a 7.77% return, which is significantly higher than BRK-B's -1.15% return.
NOCT
- 1D
- -0.40%
- 1M
- 0.64%
- 6M
- 6.84%
- YTD
- 7.77%
- 1Y
- 14.07%
- 3Y*
- 14.28%
- 5Y*
- 10.11%
- 10Y*
- —
BRK-B
- 1D
- 0.64%
- 1M
- 1.55%
- 6M
- -0.36%
- YTD
- -1.15%
- 1Y
- 4.41%
- 3Y*
- 13.36%
- 5Y*
- 12.29%
- 10Y*
- 13.03%
NOCT vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NOCT Innovator Growth-100 Power Buffer ETF - October | 7.77% | 12.81% | 12.10% | 30.67% | -13.42% | 12.10% | 11.64% | 4.54% |
BRK-B Berkshire Hathaway Inc. | -1.15% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 8.88% |
Correlation
The correlation between NOCT and BRK-B is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2019 | 0.37 |
The correlation between NOCT and BRK-B shifts across timeframes, from -0.08 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NOCT vs. BRK-B — Risk / Return Rank
NOCT
BRK-B
NOCT vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - October (NOCT) and Berkshire Hathaway Inc. (BRK-B). 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.
| NOCT | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.06 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 0.47 | +1.95 |
| Martin ratioReturn relative to average drawdown | 11.09 | 0.99 | +10.10 |
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Drawdowns
NOCT vs. BRK-B - Drawdown Comparison
The maximum NOCT drawdown since its inception was -16.21%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for NOCT and BRK-B.
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Drawdown Indicators
| NOCT | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -53.86% | +37.65% |
Max Drawdown (1Y)Largest decline over 1 year | -5.84% | -9.42% | +3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -12.70% | -14.95% | +2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -26.58% | +10.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -0.40% | -7.96% | +7.56% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -11.06% | +8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 4.45% | -3.18% |
Volatility
NOCT vs. BRK-B - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF - October (NOCT) is 2.24%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.39%. This indicates that NOCT experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOCT | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 4.39% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 10.97% | -4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.78% | 14.54% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.99% | 17.11% | -6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.16% | 19.40% | -8.24% |
Dividends
NOCT vs. BRK-B - Dividend Comparison
Neither NOCT nor BRK-B has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOCT Innovator Growth-100 Power Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.07% |
Frequently Asked Questions
NOCT and BRK-B have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRK-B has higher volatility (4.39%) compared to NOCT (2.24%). In terms of maximum drawdown, NOCT dropped -16.21% vs BRK-B's -53.86%.
NOCT currently has the higher Sharpe Ratio (1.82 vs 0.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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