OCTJ vs. BSCQ
OCTJ (Innovator Premium Income 30 Barrier ETF - October) and BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) are both exchange-traded funds - OCTJ is a Options Trading fund actively managed by Innovator, while BSCQ is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2026 Index. OCTJ is actively managed, while BSCQ is passively managed. Over the past year, OCTJ returned 5.70% vs 4.21% for BSCQ. At a 0.10 correlation, their price movements are largely independent. OCTJ charges 0.79%/yr vs 0.10%/yr for BSCQ.
Performance
OCTJ vs. BSCQ - Performance Comparison
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Returns By Period
In the year-to-date period, OCTJ achieves a 2.47% return, which is significantly higher than BSCQ's 1.68% return.
OCTJ
- 1D
- -0.06%
- 1M
- 0.33%
- YTD
- 2.47%
- 6M
- 2.51%
- 1Y
- 5.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSCQ
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 1.68%
- 6M
- 1.78%
- 1Y
- 4.21%
- 3Y*
- 5.17%
- 5Y*
- 1.51%
- 10Y*
- —
OCTJ vs. BSCQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OCTJ Innovator Premium Income 30 Barrier ETF - October | 2.47% | 5.70% | 5.32% | 3.01% |
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 1.68% | 5.02% | 4.86% | 3.72% |
Correlation
The correlation between OCTJ and BSCQ is -0.08, 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 | -0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.10 |
The correlation between OCTJ and BSCQ shifts across timeframes, from -0.08 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OCTJ vs. BSCQ — Risk / Return Rank
OCTJ
BSCQ
OCTJ vs. BSCQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 30 Barrier ETF - October (OCTJ) and Invesco BulletShares 2026 Corporate Bond ETF (BSCQ). 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.
| OCTJ | BSCQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.78 | ||
| Sortino ratioReturn per unit of downside risk | -12.02 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 3.40 | -1.93 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 41.36 | -36.78 |
| Martin ratioReturn relative to average drawdown | 23.39 | 181.24 | -157.85 |
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Drawdowns
OCTJ vs. BSCQ - Drawdown Comparison
The maximum OCTJ drawdown since its inception was -5.35%, smaller than the maximum BSCQ drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for OCTJ and BSCQ.
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Drawdown Indicators
| OCTJ | BSCQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.35% | -16.50% | +11.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.25% | -0.10% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.02% | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.03% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -2.83% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.02% | +0.22% |
Volatility
OCTJ vs. BSCQ - Volatility Comparison
Innovator Premium Income 30 Barrier ETF - October (OCTJ) has a higher volatility of 0.62% compared to Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) at 0.12%. This indicates that OCTJ's price experiences larger fluctuations and is considered to be riskier than BSCQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCTJ | BSCQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.12% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 0.42% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 0.61% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.19% | 3.29% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 4.75% | -0.56% |
OCTJ vs. BSCQ - Expense Ratio Comparison
OCTJ has a 0.79% expense ratio, which is higher than BSCQ's 0.10% expense ratio.
Dividends
OCTJ vs. BSCQ - Dividend Comparison
OCTJ's dividend yield for the trailing twelve months is around 5.20%, more than BSCQ's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 4.11% | 4.14% | 4.05% | 3.53% | 2.54% | 1.91% | 2.42% | 2.96% | 3.32% | 2.92% | 0.51% |
OCTJ Innovator Premium Income 30 Barrier ETF - October | 5.20% | 5.23% | 6.27% | 1.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OCTJ and BSCQ have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OCTJ has higher volatility (0.62%) compared to BSCQ (0.12%). In terms of maximum drawdown, OCTJ dropped -5.35% vs BSCQ's -16.50%.
On 1-year performance, OCTJ leads with 5.70% vs 4.21% for BSCQ. On fees, BSCQ is cheaper at 0.10% per year. On volatility, BSCQ has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OCTJ has performed better with a 5.70% return vs 4.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCQ is cheaper with a 0.10% expense ratio, compared with 0.79% for OCTJ.
OCTJ has the higher dividend yield at 5.20%, compared with 4.11% for BSCQ.
OCTJ is categorized as Options Trading, while BSCQ is Corporate Bonds. They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.79% for OCTJ and 0.10% for BSCQ.
BSCQ currently has the higher Sharpe Ratio (6.97 vs 2.19), 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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