NOCT vs. PJUL
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF - October (NOCT) and Innovator U.S. Equity Power Buffer ETF - July (PJUL).
NOCT and PJUL 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. PJUL is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index July. It was launched on Aug 7, 2018.
Performance
NOCT vs. PJUL - Performance Comparison
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NOCT vs. PJUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NOCT Innovator Growth-100 Power Buffer ETF - October | -1.95% | 12.81% | 12.10% | 30.67% | -13.42% | 12.10% | 11.64% | 5.54% |
PJUL Innovator U.S. Equity Power Buffer ETF - July | -0.60% | 12.78% | 13.76% | 19.87% | -2.08% | 7.20% | 7.51% | 4.59% |
Returns By Period
In the year-to-date period, NOCT achieves a -1.95% return, which is significantly lower than PJUL's -0.60% return.
NOCT
- 1D
- 0.75%
- 1M
- -1.75%
- YTD
- -1.95%
- 6M
- -0.25%
- 1Y
- 13.77%
- 3Y*
- 13.21%
- 5Y*
- 8.89%
- 10Y*
- —
PJUL
- 1D
- 0.40%
- 1M
- -1.41%
- YTD
- -0.60%
- 6M
- 1.12%
- 1Y
- 14.39%
- 3Y*
- 13.41%
- 5Y*
- 9.46%
- 10Y*
- —
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NOCT vs. PJUL - Expense Ratio Comparison
Both NOCT and PJUL have an expense ratio of 0.79%.
Return for Risk
NOCT vs. PJUL — Risk / Return Rank
NOCT
PJUL
NOCT vs. PJUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - October (NOCT) and Innovator U.S. Equity Power Buffer ETF - July (PJUL). 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 | PJUL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.43 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.72 | 2.17 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.12 | -0.36 |
Martin ratioReturn relative to average drawdown | 8.81 | 11.94 | -3.13 |
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 | PJUL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.43 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 1.11 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.83 | +0.05 |
Correlation
The correlation between NOCT and PJUL 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. PJUL - Dividend Comparison
Neither NOCT nor PJUL 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% |
PJUL Innovator U.S. Equity Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% |
Drawdowns
NOCT vs. PJUL - Drawdown Comparison
The maximum NOCT drawdown since its inception was -16.21%, smaller than the maximum PJUL drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for NOCT and PJUL.
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Drawdown Indicators
| NOCT | PJUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -18.17% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -6.99% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -10.69% | -5.52% |
Current DrawdownCurrent decline from peak | -3.32% | -1.68% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -1.50% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.24% | +0.37% |
Volatility
NOCT vs. PJUL - Volatility Comparison
Innovator Growth-100 Power Buffer ETF - October (NOCT) has a higher volatility of 3.77% compared to Innovator U.S. Equity Power Buffer ETF - July (PJUL) at 2.93%. This indicates that NOCT's price experiences larger fluctuations and is considered to be riskier than PJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOCT | PJUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 2.93% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 6.50% | 4.17% | +2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 10.09% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 8.58% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.29% | 10.12% | +1.17% |