OARK vs. HOCT

Last updated Jun 4, 2026

OARK (YieldMax Innovation Option Income Strategy ETF) and HOCT (Innovator Premium Income 9 Buffer ETF - October) are both Options Trading funds. Both are actively managed. OARK charges 0.99%/yr vs 0.79%/yr for HOCT.

Performance

OARK vs. HOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Innovation Option Income Strategy ETF (OARK) and Innovator Premium Income 9 Buffer ETF - October (HOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OARK

• 1D: -1.57%
• 1M: 0.36%
• YTD: 6.11%
• 6M: 4.26%
• 1Y: 32.85%
• 3Y*: 14.35%
• 5Y*: —
• 10Y*: —

HOCT

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OARK vs. HOCT - Yearly Performance Comparison

	2026 (YTD)
OARK YieldMax Innovation Option Income Strategy ETF	15.34%
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%

Return for Risk

OARK vs. HOCT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OARK

OARK Risk / Return Rank: 29
OARK Sharpe Ratio Rank: 32
OARK Sortino Ratio Rank: 31
OARK Omega Ratio Rank: 30
OARK Calmar Ratio Rank: 29
OARK Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OARK vs. HOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) and Innovator Premium Income 9 Buffer ETF - October (HOCT). 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.

	OARK	HOCT	Difference
Sharpe ratio: Return per unit of total volatility	1.18	—	—
Sortino ratio: Return per unit of downside risk	1.68	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.42	—	—
Martin ratio: Return relative to average drawdown	3.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	OARK	HOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	—	—

Drawdowns

OARK vs. HOCT - Drawdown Comparison

The maximum OARK drawdown since its inception was -35.48%, which is greater than HOCT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for OARK and HOCT.

Drawdown Indicators

	OARK	HOCT	Difference
Max Drawdown Largest peak-to-trough decline	-35.48%	0.00%	-35.48%
Max Drawdown (1Y) Largest decline over 1 year	-23.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-35.48%	—	—
Current Drawdown Current decline from peak	-6.75%	0.00%	-6.75%
Average Drawdown Average peak-to-trough decline	-10.58%	0.00%	-10.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.77%	—	—

Volatility

Volatility by Period

	OARK	HOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.07%	0.00%	+28.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.84%	0.00%	+30.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.84%	0.00%	+30.84%

OARK vs. HOCT - Expense Ratio Comparison

OARK has a 0.99% expense ratio, which is higher than HOCT's 0.79% expense ratio.

Dividends

OARK vs. HOCT - Dividend Comparison

OARK's dividend yield for the trailing twelve months is around 64.29%, while HOCT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%	0.00%	0.00%	0.00%
OARK YieldMax Innovation Option Income Strategy ETF	64.29%	61.86%	47.86%	45.03%

Frequently Asked Questions

Which ETF is better, OARK or HOCT?

On fees, HOCT is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OARK or HOCT?

HOCT is cheaper with a 0.79% expense ratio, compared with 0.99% for OARK.

Which ETF pays a higher dividend yield, OARK or HOCT?

OARK has the higher dividend yield at 64.29%, compared with 0.00% for HOCT.

What is the main difference between OARK and HOCT?

They also come from different issuers: YieldMax and Innovator. Their fees differ too: 0.99% for OARK and 0.79% for HOCT.