NOCT vs. FNGS
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF - October (NOCT) and MicroSectors FANG+ ETN (FNGS).
NOCT and FNGS 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. FNGS is a passively managed fund by BMO that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019.
Performance
NOCT vs. FNGS - Performance Comparison
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NOCT vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NOCT Innovator Growth-100 Power Buffer ETF - October | -2.68% | 12.81% | 12.10% | 30.67% | -13.42% | 12.10% | 11.64% | 2.39% |
FNGS MicroSectors FANG+ ETN | -12.40% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.91% |
Returns By Period
In the year-to-date period, NOCT achieves a -2.68% return, which is significantly higher than FNGS's -12.40% return.
NOCT
- 1D
- 1.91%
- 1M
- -2.43%
- YTD
- -2.68%
- 6M
- -0.78%
- 1Y
- 13.38%
- 3Y*
- 12.93%
- 5Y*
- 8.72%
- 10Y*
- —
FNGS
- 1D
- 4.69%
- 1M
- -4.21%
- YTD
- -12.40%
- 6M
- -14.82%
- 1Y
- 19.65%
- 3Y*
- 30.42%
- 5Y*
- 15.68%
- 10Y*
- —
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NOCT vs. FNGS - Expense Ratio Comparison
NOCT has a 0.79% expense ratio, which is higher than FNGS's 0.58% expense ratio.
Return for Risk
NOCT vs. FNGS — Risk / Return Rank
NOCT
FNGS
NOCT vs. FNGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - October (NOCT) and MicroSectors FANG+ ETN (FNGS). 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 | FNGS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.73 | +0.34 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.26 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 0.84 | +0.80 |
Martin ratioReturn relative to average drawdown | 8.30 | 2.59 | +5.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOCT | FNGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.73 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.53 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.90 | -0.02 |
Correlation
The correlation between NOCT and FNGS is 0.80, 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.
Dividends
NOCT vs. FNGS - Dividend Comparison
Neither NOCT nor FNGS 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% |
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NOCT vs. FNGS - Drawdown Comparison
The maximum NOCT drawdown since its inception was -16.21%, smaller than the maximum FNGS drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for NOCT and FNGS.
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Drawdown Indicators
| NOCT | FNGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -48.98% | +32.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -22.93% | +14.85% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -48.98% | +32.77% |
Current DrawdownCurrent decline from peak | -4.04% | -19.32% | +15.28% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -11.02% | +8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 7.43% | -5.83% |
Volatility
NOCT vs. FNGS - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF - October (NOCT) is 3.69%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 8.31%. This indicates that NOCT experiences smaller price fluctuations and is considered to be less risky than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOCT | FNGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 8.31% | -4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 15.68% | -9.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.54% | 26.98% | -14.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 29.97% | -19.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.29% | 31.34% | -20.05% |