NOCT vs. FTLS
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF- October (NOCT) and First Trust Long/Short Equity ETF (FTLS).
NOCT and FTLS 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. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOCT or FTLS.
Key characteristics
| NOCT | FTLS | |
|---|---|---|
| YTD Return | 5.15% | 9.72% |
| 1Y Return | 20.53% | 21.91% |
| 3Y Return (Ann) | 8.82% | 10.10% |
| Sharpe Ratio | 3.81 | 2.28 |
| Daily Std Dev | 5.48% | 9.54% |
| Max Drawdown | -16.21% | -20.53% |
| Current Drawdown | 0.00% | -0.10% |
Correlation
The correlation between NOCT and FTLS is 0.63, 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. FTLS - Performance Comparison
In the year-to-date period, NOCT achieves a 5.15% return, which is significantly lower than FTLS's 9.72% 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. FTLS - Expense Ratio Comparison
NOCT has a 0.81% expense ratio, which is lower than FTLS's 1.60% expense ratio.
Risk-Adjusted Performance
NOCT vs. FTLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF- October (NOCT) and First Trust Long/Short Equity ETF (FTLS). 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. FTLS - Dividend Comparison
NOCT has not paid dividends to shareholders, while FTLS's dividend yield for the trailing twelve months is around 1.36%.
| TTM | 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% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTLS First Trust Long/Short Equity ETF | 1.36% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
Drawdowns
NOCT vs. FTLS - Drawdown Comparison
The maximum NOCT drawdown since its inception was -16.21%, smaller than the maximum FTLS drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for NOCT and FTLS. For additional features, visit the drawdowns tool.
Volatility
NOCT vs. FTLS - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF- October (NOCT) is 1.73%, while First Trust Long/Short Equity ETF (FTLS) has a volatility of 3.26%. This indicates that NOCT experiences smaller price fluctuations and is considered to be less risky than FTLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.