NOCT vs. EINC
NOCT (Innovator Growth-100 Power Buffer ETF - October) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - NOCT is a Defined Outcome fund actively managed by Innovator, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. NOCT is actively managed, while EINC is passively managed. Over the past 5 years, NOCT returned 10.00%/yr vs 21.18%/yr for EINC. At a 0.28 correlation, their price movements are largely independent. NOCT charges 0.79%/yr vs 0.45%/yr for EINC.
Performance
NOCT vs. EINC - Performance Comparison
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Returns By Period
In the year-to-date period, NOCT achieves a 6.77% return, which is significantly lower than EINC's 25.97% return.
NOCT
- 1D
- -0.83%
- 1M
- -0.13%
- YTD
- 6.77%
- 6M
- 6.34%
- 1Y
- 15.56%
- 3Y*
- 14.27%
- 5Y*
- 10.00%
- 10Y*
- —
EINC
- 1D
- 1.37%
- 1M
- -4.50%
- YTD
- 25.97%
- 6M
- 25.98%
- 1Y
- 29.82%
- 3Y*
- 30.36%
- 5Y*
- 21.18%
- 10Y*
- 12.03%
NOCT vs. EINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NOCT Innovator Growth-100 Power Buffer ETF - October | 6.77% | 12.81% | 12.10% | 30.67% | -13.42% | 12.10% | 11.64% | 4.54% |
EINC VanEck Energy Income ETF | 25.97% | 7.11% | 42.79% | 15.55% | 19.18% | 38.05% | -19.89% | 1.12% |
Correlation
The correlation between NOCT and EINC is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2019 | 0.28 |
The correlation between NOCT and EINC shifts across timeframes, from -0.11 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NOCT vs. EINC — Risk / Return Rank
NOCT
EINC
NOCT vs. EINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - October (NOCT) and VanEck Energy Income ETF (EINC). 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 | EINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.35 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.80 | -1.12 |
| Martin ratioReturn relative to average drawdown | 12.33 | 9.63 | +2.70 |
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Drawdowns
NOCT vs. EINC - Drawdown Comparison
The maximum NOCT drawdown since its inception was -16.21%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for NOCT and EINC.
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Drawdown Indicators
| NOCT | EINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -87.55% | +71.34% |
Max Drawdown (1Y)Largest decline over 1 year | -5.84% | -7.89% | +2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -12.70% | -16.01% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -19.87% | +3.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.85% | — |
Current DrawdownCurrent decline from peak | -1.08% | -4.50% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -44.15% | +41.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 3.10% | -1.84% |
Volatility
NOCT vs. EINC - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF - October (NOCT) is 2.36%, while VanEck Energy Income ETF (EINC) has a volatility of 6.51%. This indicates that NOCT experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOCT | EINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 6.51% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 11.88% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.74% | 15.10% | -7.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.98% | 19.54% | -8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 25.43% | -14.24% |
NOCT vs. EINC - Expense Ratio Comparison
NOCT has a 0.79% expense ratio, which is higher than EINC's 0.45% expense ratio.
Dividends
NOCT vs. EINC - Dividend Comparison
NOCT has not paid dividends to shareholders, while EINC's dividend yield for the trailing twelve months is around 3.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINC VanEck Energy Income ETF | 3.51% | 4.51% | 3.33% | 3.77% | 2.89% | 6.03% | 6.69% | 9.66% | 11.31% | 8.53% | 9.71% | 28.53% |
NOCT Innovator Growth-100 Power Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NOCT and EINC have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EINC has higher volatility (6.51%) compared to NOCT (2.36%). In terms of maximum drawdown, NOCT dropped -16.21% vs EINC's -87.55%.
On 5-year performance, EINC leads with 21.18% vs 10.00% for NOCT. On fees, EINC is cheaper at 0.45% per year. On volatility, NOCT has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EINC has performed better with a 21.18% return vs 10.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EINC is cheaper with a 0.45% expense ratio, compared with 0.79% for NOCT.
EINC has the higher dividend yield at 3.51%, compared with 0.00% for NOCT.
NOCT is categorized as Defined Outcome, while EINC is Energy Equities. They also come from different issuers: Innovator and VanEck. Their fees differ too: 0.79% for NOCT and 0.45% for EINC.
NOCT currently has the higher Sharpe Ratio (2.02 vs 1.99), 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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