NOCT vs. SPY
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF- October (NOCT) and SPDR S&P 500 ETF (SPY).
NOCT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both NOCT and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOCT or SPY.
Correlation
The correlation between NOCT and SPY 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. SPY - Performance Comparison
Key characteristics
NOCT:
0.47
SPY:
0.54
NOCT:
0.77
SPY:
0.89
NOCT:
1.13
SPY:
1.13
NOCT:
0.46
SPY:
0.58
NOCT:
2.15
SPY:
2.39
NOCT:
2.69%
SPY:
4.51%
NOCT:
12.36%
SPY:
20.07%
NOCT:
-16.21%
SPY:
-55.19%
NOCT:
-6.15%
SPY:
-10.54%
Returns By Period
In the year-to-date period, NOCT achieves a -3.41% return, which is significantly higher than SPY's -6.44% return.
NOCT
-3.41%
-2.94%
-1.17%
4.89%
9.21%
N/A
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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NOCT vs. SPY - Expense Ratio Comparison
NOCT has a 0.81% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
NOCT vs. SPY — Risk-Adjusted Performance Rank
NOCT
SPY
NOCT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF- October (NOCT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
NOCT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.31%.
| 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% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NOCT vs. SPY - Drawdown Comparison
The maximum NOCT drawdown since its inception was -16.21%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NOCT and SPY. For additional features, visit the drawdowns tool.
Volatility
NOCT vs. SPY - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF- October (NOCT) is 10.14%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that NOCT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.