Correlation
The correlation between OCTD and SGOV is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
OCTD vs. SGOV
Compare and contrast key facts about Innovator Premium Income 10 Barrier ETF - October (OCTD) and iShares 0-3 Month Treasury Bond ETF (SGOV).
OCTD and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCTD is an actively managed fund by Innovator. It was launched on Sep 29, 2023. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OCTD or SGOV.
Performance
OCTD vs. SGOV - Performance Comparison
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Key characteristics
OCTD:
0.59
SGOV:
21.63
OCTD:
0.97
SGOV:
474.39
OCTD:
1.21
SGOV:
475.39
OCTD:
0.63
SGOV:
485.71
OCTD:
3.94
SGOV:
7,710.35
OCTD:
1.61%
SGOV:
0.00%
OCTD:
10.84%
SGOV:
0.22%
OCTD:
-10.13%
SGOV:
-0.03%
OCTD:
-0.09%
SGOV:
0.00%
Returns By Period
In the year-to-date period, OCTD achieves a 2.41% return, which is significantly higher than SGOV's 1.75% return.
OCTD
2.41%
2.79%
2.26%
6.27%
N/A
N/A
N/A
SGOV
1.75%
0.34%
2.15%
4.78%
4.55%
2.74%
N/A
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OCTD vs. SGOV - Expense Ratio Comparison
OCTD has a 0.79% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
OCTD vs. SGOV — Risk-Adjusted Performance Rank
OCTD
SGOV
OCTD vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 10 Barrier ETF - October (OCTD) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
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Dividends
OCTD vs. SGOV - Dividend Comparison
OCTD's dividend yield for the trailing twelve months is around 8.28%, more than SGOV's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
OCTD Innovator Premium Income 10 Barrier ETF - October | 8.28% | 8.73% | 2.24% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
OCTD vs. SGOV - Drawdown Comparison
The maximum OCTD drawdown since its inception was -10.13%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for OCTD and SGOV.
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Volatility
OCTD vs. SGOV - Volatility Comparison
Innovator Premium Income 10 Barrier ETF - October (OCTD) has a higher volatility of 1.98% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that OCTD's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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