OCTB vs. IAUG

Last updated Jun 24, 2026

OCTB (Aptus October Buffer ETF) and IAUG (Innovator International Developed Power Buffer ETF) are both Defined Outcome funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. OCTB charges 0.25%/yr vs 0.85%/yr for IAUG.

Performance

OCTB vs. IAUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus October Buffer ETF (OCTB) and Innovator International Developed Power Buffer ETF (IAUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with OCTB having a 5.52% return and IAUG slightly higher at 5.57%.

OCTB

• 1D: -0.56%
• 1M: 0.00%
• YTD: 5.52%
• 6M: 5.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUG

• 1D: -0.37%
• 1M: 0.97%
• YTD: 5.57%
• 6M: 5.31%
• 1Y: 12.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OCTB vs. IAUG - Yearly Performance Comparison

	2026 (YTD)	2025
OCTB Aptus October Buffer ETF	5.52%	2.37%
IAUG Innovator International Developed Power Buffer ETF	5.57%	2.71%

Correlation

The correlation between OCTB and IAUG is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.79

Return for Risk

OCTB vs. IAUG — Risk / Return Rank

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

OCTB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IAUG

IAUG Risk / Return Rank: 52
IAUG Sharpe Ratio Rank: 49
IAUG Sortino Ratio Rank: 50
IAUG Omega Ratio Rank: 52
IAUG Calmar Ratio Rank: 56
IAUG Martin Ratio Rank: 52

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.

OCTB vs. IAUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus October Buffer ETF (OCTB) and Innovator International Developed Power Buffer ETF (IAUG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OCTB	IAUG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.56	—
Sortino ratio: Return per unit of downside risk	—	2.28	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.54	—
Martin ratio: Return relative to average drawdown	—	8.32	—

Drawdowns

OCTB vs. IAUG - Drawdown Comparison

The maximum OCTB drawdown since its inception was -4.79%, smaller than the maximum IAUG drawdown of -8.03%. Use the drawdown chart below to compare losses from any high point for OCTB and IAUG.

Drawdown Indicators

	OCTB	IAUG	Difference
Max Drawdown Largest peak-to-trough decline	-4.79%	-8.03%	+3.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.75%	—
Current Drawdown Current decline from peak	-0.82%	-0.37%	-0.45%
Average Drawdown Average peak-to-trough decline	-0.69%	-1.61%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.45%	—

Volatility

Volatility by Period

	OCTB	IAUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.26%	7.72%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	8.98%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.26%	8.98%	-1.72%

OCTB vs. IAUG - Expense Ratio Comparison

OCTB has a 0.25% expense ratio, which is lower than IAUG's 0.85% expense ratio.

Dividends

OCTB vs. IAUG - Dividend Comparison

Neither OCTB nor IAUG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OCTB and IAUG in my portfolio?

OCTB and IAUG have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OCTB or IAUG?

On fees, OCTB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OCTB or IAUG?

OCTB is cheaper with a 0.25% expense ratio, compared with 0.85% for IAUG.

Which ETF pays a higher dividend yield, OCTB or IAUG?

OCTB and IAUG have nearly identical dividend yields, around 0.00%.

What is the main difference between OCTB and IAUG?

They also come from different issuers: Aptus Capital Advisors and Innovator. Their fees differ too: 0.25% for OCTB and 0.85% for IAUG.