OCTH vs. LAPR

Last updated Jun 4, 2026

OCTH (Innovator Premium Income 20 Barrier ETF - October) and LAPR (Innovator Premium Income 15 Buffer ETF - April) are both Options Trading funds from Innovator. Both are actively managed. Over the past year, OCTH returned 7.08% vs 7.01% for LAPR. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.

Performance

OCTH vs. LAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 20 Barrier ETF - October (OCTH) and Innovator Premium Income 15 Buffer ETF - April (LAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OCTH achieves a 2.88% return, which is significantly lower than LAPR's 3.32% return.

OCTH

• 1D: -0.21%
• 1M: 0.64%
• YTD: 2.88%
• 6M: 3.64%
• 1Y: 7.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LAPR

• 1D: -0.04%
• 1M: 0.72%
• YTD: 3.32%
• 6M: 3.77%
• 1Y: 7.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OCTH vs. LAPR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OCTH Innovator Premium Income 20 Barrier ETF - October	2.88%	6.58%	4.60%
LAPR Innovator Premium Income 15 Buffer ETF - April	3.32%	5.81%	4.82%

Correlation

The correlation between OCTH and LAPR is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.53

The correlation between OCTH and LAPR has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.

Return for Risk

OCTH vs. LAPR — Risk / Return Rank

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

OCTH

OCTH Risk / Return Rank: 67
OCTH Sharpe Ratio Rank: 58
OCTH Sortino Ratio Rank: 63
OCTH Omega Ratio Rank: 71
OCTH Calmar Ratio Rank: 63
OCTH Martin Ratio Rank: 80

LAPR

LAPR Risk / Return Rank: 99
LAPR Sharpe Ratio Rank: 98
LAPR Sortino Ratio Rank: 99
LAPR Omega Ratio Rank: 99
LAPR Calmar Ratio Rank: 99
LAPR Martin Ratio Rank: 99

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.

OCTH vs. LAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 20 Barrier ETF - October (OCTH) and Innovator Premium Income 15 Buffer ETF - April (LAPR). 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.

	OCTH	LAPR	Difference
Sharpe ratio Return per unit of total volatility	1.91	5.58	-3.66
Sortino ratio Return per unit of downside risk	2.90	12.13	-9.23
Omega ratio Gain probability vs. loss probability	1.42	2.93	-1.51
Calmar ratio Return relative to maximum drawdown	3.11	29.36	-26.25
Martin ratio Return relative to average drawdown	15.44	144.96	-129.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OCTH vs. LAPR - Sharpe Ratio Comparison

The current OCTH Sharpe Ratio is 1.91, which is lower than the LAPR Sharpe Ratio of 5.58. The chart below compares the historical Sharpe Ratios of OCTH and LAPR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OCTH	LAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	5.58	-3.66
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	1.97	-0.75

Drawdowns

OCTH vs. LAPR - Drawdown Comparison

The maximum OCTH drawdown since its inception was -7.71%, which is greater than LAPR's maximum drawdown of -3.81%. Use the drawdown chart below to compare losses from any high point for OCTH and LAPR.

Drawdown Indicators

	OCTH	LAPR	Difference
Max Drawdown Largest peak-to-trough decline	-7.71%	-3.81%	-3.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.28%	-0.24%	-2.04%
Current Drawdown Current decline from peak	-0.21%	-0.12%	-0.09%
Average Drawdown Average peak-to-trough decline	-0.27%	-0.11%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	0.05%	+0.41%

Volatility

OCTH vs. LAPR - Volatility Comparison

Innovator Premium Income 20 Barrier ETF - October (OCTH) has a higher volatility of 0.38% compared to Innovator Premium Income 15 Buffer ETF - April (LAPR) at 0.32%. This indicates that OCTH's price experiences larger fluctuations and is considered to be riskier than LAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCTH	LAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	0.32%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	1.00%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	3.72%	1.27%	+2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.06%	3.30%	+2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.06%	3.30%	+2.76%

OCTH vs. LAPR - Expense Ratio Comparison

Both OCTH and LAPR have an expense ratio of 0.79%.

Dividends

OCTH vs. LAPR - Dividend Comparison

OCTH's dividend yield for the trailing twelve months is around 6.31%, more than LAPR's 5.53% yield.

Position	TTM	2025	2024	2023
LAPR Innovator Premium Income 15 Buffer ETF - April	5.53%	5.40%	4.21%	0.00%
OCTH Innovator Premium Income 20 Barrier ETF - October	6.31%	6.33%	7.43%	1.93%

Frequently Asked Questions

Can I hold both OCTH and LAPR in my portfolio?

OCTH and LAPR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OCTH or LAPR?

OCTH has higher volatility (0.38%) compared to LAPR (0.32%). In terms of maximum drawdown, OCTH dropped -7.71% vs LAPR's -3.81%.

Which ETF is better, OCTH or LAPR?

On 1-year performance, OCTH leads with 7.08% vs 7.01% for LAPR. Both ETFs have the same 0.79% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OCTH or LAPR?

Over the 1-year period, OCTH has performed better with a 7.08% return vs 7.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OCTH or LAPR?

OCTH and LAPR have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, OCTH or LAPR?

OCTH has the higher dividend yield at 6.31%, compared with 5.53% for LAPR.

Which has better risk-adjusted returns?

LAPR currently has the higher Sharpe Ratio (5.58 vs 1.91), 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.