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 an actively managed fund by Innovator. It was launched on Sep 30, 2019. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014.
Performance
NOCT vs. FTLS - Performance Comparison
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NOCT vs. FTLS - 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% | 5.54% |
FTLS First Trust Long/Short Equity ETF | -0.80% | 9.09% | 18.80% | 16.94% | -5.56% | 19.65% | 2.56% | 4.75% |
Returns By Period
In the year-to-date period, NOCT achieves a -2.68% return, which is significantly lower than FTLS's -0.80% return.
NOCT
- 1D
- 1.91%
- 1M
- -2.43%
- YTD
- -2.68%
- 6M
- -0.78%
- 1Y
- 13.38%
- 3Y*
- 12.93%
- 5Y*
- 8.72%
- 10Y*
- —
FTLS
- 1D
- 1.32%
- 1M
- -1.17%
- YTD
- -0.80%
- 6M
- 0.98%
- 1Y
- 10.88%
- 3Y*
- 12.98%
- 5Y*
- 9.94%
- 10Y*
- 9.10%
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NOCT vs. FTLS - Expense Ratio Comparison
NOCT has a 0.79% expense ratio, which is lower than FTLS's 1.60% expense ratio.
Return for Risk
NOCT vs. FTLS — Risk / Return Rank
NOCT
FTLS
NOCT vs. FTLS - Risk-Adjusted Trends 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.
| NOCT | FTLS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.04 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.56 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.90 | -0.26 |
Martin ratioReturn relative to average drawdown | 8.30 | 8.02 | +0.28 |
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 | FTLS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.04 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.94 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.77 | +0.11 |
Correlation
The correlation between NOCT and FTLS 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.
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 0.95%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTLS First Trust Long/Short Equity ETF | 0.95% | 1.07% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% |
Drawdowns
NOCT vs. FTLS - Drawdown Comparison
The maximum NOCT drawdown since its inception was -16.21%, smaller than the maximum FTLS drawdown of -20.54%. Use the drawdown chart below to compare losses from any high point for NOCT and FTLS.
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Drawdown Indicators
| NOCT | FTLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -20.54% | +4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -6.17% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -11.69% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.54% | — |
Current DrawdownCurrent decline from peak | -4.04% | -2.34% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -2.73% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.49% | +0.11% |
Volatility
NOCT vs. FTLS - Volatility Comparison
Innovator Growth-100 Power Buffer ETF - October (NOCT) has a higher volatility of 3.69% compared to First Trust Long/Short Equity ETF (FTLS) at 2.93%. 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.
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Volatility by Period
| NOCT | FTLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 2.93% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 6.53% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.54% | 10.50% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 10.65% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.29% | 11.31% | -0.02% |