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.
Correlation
The correlation between NOCT and FTLS is 0.83, 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. FTLS - Performance Comparison
Key characteristics
NOCT:
0.47
FTLS:
0.55
NOCT:
0.77
FTLS:
0.82
NOCT:
1.13
FTLS:
1.11
NOCT:
0.45
FTLS:
0.55
NOCT:
2.12
FTLS:
2.10
NOCT:
2.72%
FTLS:
3.09%
NOCT:
12.37%
FTLS:
11.73%
NOCT:
-16.21%
FTLS:
-20.53%
NOCT:
-5.61%
FTLS:
-7.22%
Returns By Period
In the year-to-date period, NOCT achieves a -2.86% return, which is significantly higher than FTLS's -3.89% return.
NOCT
-2.86%
-1.42%
-0.85%
5.72%
9.33%
N/A
FTLS
-3.89%
-1.62%
-0.98%
7.34%
10.77%
7.64%
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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 Rank
NOCT
FTLS
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 1.61%.
| 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% |
FTLS First Trust Long/Short Equity ETF | 1.61% | 1.50% | 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
Innovator Growth-100 Power Buffer ETF- October (NOCT) has a higher volatility of 10.12% compared to First Trust Long/Short Equity ETF (FTLS) at 6.93%. This indicates that NOCT's price experiences larger fluctuations and is considered to be riskier than FTLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.