OCTH vs. IBIF
OCTH (Innovator Premium Income 20 Barrier ETF - October) and IBIF (iShares iBonds Oct 2029 Term TIPS ETF) are both exchange-traded funds - OCTH is a Options Trading fund actively managed by Innovator, while IBIF is a Inflation-Protected Bonds fund tracking the ICE 2029 Maturity US Inflation-Linked Treasury Index. OCTH is actively managed, while IBIF is passively managed. Over the past year, OCTH returned 7.10% vs 3.50% for IBIF. At a 0.07 correlation, their price movements are largely independent. OCTH charges 0.79%/yr vs 0.10%/yr for IBIF.
Performance
OCTH vs. IBIF - Performance Comparison
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Returns By Period
In the year-to-date period, OCTH achieves a 3.26% return, which is significantly higher than IBIF's 1.08% return.
OCTH
- 1D
- -0.12%
- 1M
- 0.50%
- YTD
- 3.26%
- 6M
- 3.36%
- 1Y
- 7.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIF
- 1D
- -0.05%
- 1M
- -0.35%
- YTD
- 1.08%
- 6M
- 1.21%
- 1Y
- 3.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OCTH vs. IBIF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OCTH Innovator Premium Income 20 Barrier ETF - October | 3.26% | 6.58% | 6.24% | 3.73% |
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 1.08% | 7.27% | 3.11% | 4.22% |
Correlation
The correlation between OCTH and IBIF is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.07 |
The correlation between OCTH and IBIF shifts across timeframes, from -0.05 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OCTH vs. IBIF — Risk / Return Rank
OCTH
IBIF
OCTH vs. IBIF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 20 Barrier ETF - October (OCTH) and iShares iBonds Oct 2029 Term TIPS ETF (IBIF). 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.
| OCTH | IBIF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.33 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 3.70 | -0.58 |
| Martin ratioReturn relative to average drawdown | 15.48 | 11.32 | +4.17 |
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Drawdowns
OCTH vs. IBIF - Drawdown Comparison
The maximum OCTH drawdown since its inception was -7.71%, which is greater than IBIF's maximum drawdown of -2.50%. Use the drawdown chart below to compare losses from any high point for OCTH and IBIF.
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Drawdown Indicators
| OCTH | IBIF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.71% | -2.50% | -5.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | -0.95% | -1.33% |
Current DrawdownCurrent decline from peak | -0.12% | -0.93% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -0.55% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.31% | +0.15% |
Volatility
OCTH vs. IBIF - Volatility Comparison
The current volatility for Innovator Premium Income 20 Barrier ETF - October (OCTH) is 0.69%, while iShares iBonds Oct 2029 Term TIPS ETF (IBIF) has a volatility of 0.75%. This indicates that OCTH experiences smaller price fluctuations and is considered to be less risky than IBIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCTH | IBIF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.75% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 1.46% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 2.07% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 3.54% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 3.54% | +2.47% |
OCTH vs. IBIF - Expense Ratio Comparison
OCTH has a 0.79% expense ratio, which is higher than IBIF's 0.10% expense ratio.
Dividends
OCTH vs. IBIF - Dividend Comparison
OCTH's dividend yield for the trailing twelve months is around 6.28%, more than IBIF's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 3.77% | 4.51% | 4.05% | 0.96% |
OCTH Innovator Premium Income 20 Barrier ETF - October | 6.28% | 6.33% | 7.43% | 1.93% |
Frequently Asked Questions
OCTH and IBIF have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIF has higher volatility (0.75%) compared to OCTH (0.69%). In terms of maximum drawdown, OCTH dropped -7.71% vs IBIF's -2.50%.
On 1-year performance, OCTH leads with 7.10% vs 3.50% for IBIF. On fees, IBIF is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OCTH has performed better with a 7.10% return vs 3.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIF is cheaper with a 0.10% expense ratio, compared with 0.79% for OCTH.
OCTH has the higher dividend yield at 6.28%, compared with 3.77% for IBIF.
OCTH is categorized as Options Trading, while IBIF is Inflation-Protected Bonds. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for OCTH and 0.10% for IBIF.
OCTH currently has the higher Sharpe Ratio (1.91 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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