NOCT vs. NVDA
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF- October (NOCT) and NVIDIA Corporation (NVDA).
NOCT is a passively managed fund by Innovator that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 1, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOCT or NVDA.
Key characteristics
| NOCT | NVDA | |
|---|---|---|
| YTD Return | 5.15% | 84.48% |
| 1Y Return | 20.53% | 215.63% |
| 3Y Return (Ann) | 8.82% | 86.23% |
| Sharpe Ratio | 3.81 | 4.50 |
| Daily Std Dev | 5.48% | 49.47% |
| Max Drawdown | -16.21% | -89.72% |
| Current Drawdown | 0.00% | -3.84% |
Correlation
The correlation between NOCT and NVDA is 0.71, 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. NVDA - Performance Comparison
In the year-to-date period, NOCT achieves a 5.15% return, which is significantly lower than NVDA's 84.48% 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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Risk-Adjusted Performance
NOCT vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF- October (NOCT) and NVIDIA Corporation (NVDA). 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. NVDA - Dividend Comparison
NOCT has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.02%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
NVDA NVIDIA Corporation | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% | 1.94% |
Drawdowns
NOCT vs. NVDA - Drawdown Comparison
The maximum NOCT drawdown since its inception was -16.21%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for NOCT and NVDA. For additional features, visit the drawdowns tool.
Volatility
NOCT vs. NVDA - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF- October (NOCT) is 1.73%, while NVIDIA Corporation (NVDA) has a volatility of 17.26%. This indicates that NOCT experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.