NOCT vs. DIA
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF- October (NOCT) and SPDR Dow Jones Industrial Average ETF (DIA).
NOCT and DIA 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. DIA is a passively managed fund by State Street that tracks the performance of the Dow Jones Industrial Average. It was launched on Jan 14, 1998. Both NOCT and DIA 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 DIA.
Correlation
The correlation between NOCT and DIA is 0.65, 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.
Performance
NOCT vs. DIA - Performance Comparison
Key characteristics
NOCT:
1.98
DIA:
1.61
NOCT:
2.75
DIA:
2.31
NOCT:
1.42
DIA:
1.30
NOCT:
4.29
DIA:
2.76
NOCT:
19.31
DIA:
7.64
NOCT:
0.62%
DIA:
2.43%
NOCT:
6.09%
DIA:
11.59%
NOCT:
-16.21%
DIA:
-51.87%
NOCT:
0.00%
DIA:
-0.47%
Returns By Period
In the year-to-date period, NOCT achieves a 2.11% return, which is significantly lower than DIA's 5.18% return.
NOCT
2.11%
1.75%
7.71%
11.83%
9.82%
N/A
DIA
5.18%
5.22%
14.30%
17.64%
11.08%
12.04%
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NOCT vs. DIA - Expense Ratio Comparison
NOCT has a 0.81% expense ratio, which is higher than DIA's 0.16% expense ratio.
Risk-Adjusted Performance
NOCT vs. DIA — Risk-Adjusted Performance Rank
NOCT
DIA
NOCT vs. DIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF- October (NOCT) and SPDR Dow Jones Industrial Average ETF (DIA). 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. DIA - Dividend Comparison
NOCT has not paid dividends to shareholders, while DIA's dividend yield for the trailing twelve months is around 1.52%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOCT Innovator Growth-100 Power Buffer ETF- October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIA SPDR Dow Jones Industrial Average ETF | 1.52% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% |
Drawdowns
NOCT vs. DIA - Drawdown Comparison
The maximum NOCT drawdown since its inception was -16.21%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for NOCT and DIA. For additional features, visit the drawdowns tool.
Volatility
NOCT vs. DIA - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF- October (NOCT) is 2.35%, while SPDR Dow Jones Industrial Average ETF (DIA) has a volatility of 3.35%. This indicates that NOCT experiences smaller price fluctuations and is considered to be less risky than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.