NOCT vs. DGRW
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF- October (NOCT) and WisdomTree U.S. Dividend Growth Fund (DGRW).
NOCT and DGRW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NOCT is a passively managed fund by Innovator that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 1, 2019. DGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Dividend Growth Index. It was launched on May 22, 2013. Both NOCT and DGRW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOCT or DGRW.
Key characteristics
| NOCT | DGRW | |
|---|---|---|
| YTD Return | 5.54% | 9.66% |
| 1Y Return | 20.80% | 25.46% |
| 3Y Return (Ann) | 8.94% | 10.91% |
| Sharpe Ratio | 3.82 | 2.34 |
| Daily Std Dev | 5.49% | 10.42% |
| Max Drawdown | -16.21% | -32.04% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between NOCT and DGRW is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NOCT vs. DGRW - Performance Comparison
In the year-to-date period, NOCT achieves a 5.54% return, which is significantly lower than DGRW's 9.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NOCT vs. DGRW - Expense Ratio Comparison
NOCT has a 0.81% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Risk-Adjusted Performance
NOCT vs. DGRW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF- October (NOCT) and WisdomTree U.S. Dividend Growth Fund (DGRW). 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.
Dividends
NOCT vs. DGRW - Dividend Comparison
NOCT has not paid dividends to shareholders, while DGRW's dividend yield for the trailing twelve months is around 1.63%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOCT Innovator Growth-100 Power Buffer ETF- October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGRW WisdomTree U.S. Dividend Growth Fund | 1.63% | 1.74% | 2.15% | 1.78% | 1.91% | 2.20% | 2.42% | 1.73% | 2.13% | 2.18% | 1.79% | 1.05% |
Drawdowns
NOCT vs. DGRW - Drawdown Comparison
The maximum NOCT drawdown since its inception was -16.21%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for NOCT and DGRW. For additional features, visit the drawdowns tool.
Volatility
NOCT vs. DGRW - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF- October (NOCT) is 1.75%, while WisdomTree U.S. Dividend Growth Fund (DGRW) has a volatility of 2.76%. This indicates that NOCT experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.