OCTB vs. ZFEB
OCTB (Aptus October Buffer ETF) and ZFEB (Innovator Equity Defined Protection ETF - 1 Yr February) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. OCTB charges 0.25%/yr vs 0.79%/yr for ZFEB.
Performance
OCTB vs. ZFEB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OCTB achieves a 5.52% return, which is significantly higher than ZFEB's 2.19% return.
OCTB
- 1D
- -0.56%
- 1M
- 0.00%
- YTD
- 5.52%
- 6M
- 5.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZFEB
- 1D
- -0.06%
- 1M
- 0.00%
- YTD
- 2.19%
- 6M
- 2.25%
- 1Y
- 7.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OCTB vs. ZFEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OCTB Aptus October Buffer ETF | 5.52% | 2.37% |
ZFEB Innovator Equity Defined Protection ETF - 1 Yr February | 2.19% | 1.74% |
Correlation
The correlation between OCTB and ZFEB is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.85 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OCTB vs. ZFEB — Risk / Return Rank
OCTB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZFEB
OCTB vs. ZFEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus October Buffer ETF (OCTB) and Innovator Equity Defined Protection ETF - 1 Yr February (ZFEB). 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 | ZFEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.73 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.39 | — |
| Martin ratioReturn relative to average drawdown | — | 26.07 | — |
Loading charts...
Drawdowns
OCTB vs. ZFEB - Drawdown Comparison
The maximum OCTB drawdown since its inception was -4.79%, which is greater than ZFEB's maximum drawdown of -3.00%. Use the drawdown chart below to compare losses from any high point for OCTB and ZFEB.
Loading charts...
Drawdown Indicators
| OCTB | ZFEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.79% | -3.00% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.35% | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.23% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -0.36% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.28% | — |
Volatility
OCTB vs. ZFEB - Volatility Comparison
Loading charts...
Volatility by Period
| OCTB | ZFEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.26% | 2.18% | +5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 2.86% | +4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 2.86% | +4.40% |
OCTB vs. ZFEB - Expense Ratio Comparison
OCTB has a 0.25% expense ratio, which is lower than ZFEB's 0.79% expense ratio.
Dividends
OCTB vs. ZFEB - Dividend Comparison
Neither OCTB nor ZFEB has paid dividends to shareholders.
Frequently Asked Questions
OCTB and ZFEB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for ZFEB.
OCTB and ZFEB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Aptus Capital Advisors and Innovator. Their fees differ too: 0.25% for OCTB and 0.79% for ZFEB.
Find the right allocation for OCTB and ZFEB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer