OCTJ vs. IBIC
OCTJ (Innovator Premium Income 30 Barrier ETF - October) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - OCTJ is a Options Trading fund actively managed by Innovator, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. OCTJ is actively managed, while IBIC is passively managed. Over the past year, OCTJ returned 5.77% vs 4.54% for IBIC. At a correlation of -0.04, they often move in opposite directions. OCTJ charges 0.79%/yr vs 0.10%/yr for IBIC.
Performance
OCTJ vs. IBIC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with OCTJ having a 2.30% return and IBIC slightly higher at 2.37%.
OCTJ
- 1D
- -0.00%
- 1M
- 0.44%
- YTD
- 2.30%
- 6M
- 3.00%
- 1Y
- 5.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 2.37%
- 6M
- 2.51%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OCTJ vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OCTJ Innovator Premium Income 30 Barrier ETF - October | 2.30% | 5.70% | 5.32% | 3.01% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.96% | 5.25% | 2.78% |
Correlation
The correlation between OCTJ and IBIC is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023 | -0.04 |
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Return for Risk
OCTJ vs. IBIC — Risk / Return Rank
OCTJ
IBIC
OCTJ vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 30 Barrier ETF - October (OCTJ) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| OCTJ | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -5.67 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 2.24 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 17.27 | -12.63 |
| Martin ratioReturn relative to average drawdown | 23.63 | 67.45 | -43.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OCTJ | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 5.05 | -2.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | 3.49 | -2.02 |
Drawdowns
OCTJ vs. IBIC - Drawdown Comparison
The maximum OCTJ drawdown since its inception was -5.35%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for OCTJ and IBIC.
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Drawdown Indicators
| OCTJ | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.35% | -0.90% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.25% | -0.26% | -0.99% |
Current DrawdownCurrent decline from peak | -0.00% | -0.13% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.10% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.07% | +0.17% |
Volatility
OCTJ vs. IBIC - Volatility Comparison
Innovator Premium Income 30 Barrier ETF - October (OCTJ) has a higher volatility of 0.52% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. This indicates that OCTJ's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCTJ | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.33% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 0.67% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 0.90% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.22% | 1.58% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.22% | 1.58% | +2.64% |
OCTJ vs. IBIC - Expense Ratio Comparison
OCTJ has a 0.79% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
OCTJ vs. IBIC - Dividend Comparison
OCTJ's dividend yield for the trailing twelve months is around 5.20%, more than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
OCTJ Innovator Premium Income 30 Barrier ETF - October | 5.20% | 5.23% | 6.27% | 1.64% |
Frequently Asked Questions
OCTJ and IBIC have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OCTJ has higher volatility (0.52%) compared to IBIC (0.33%). In terms of maximum drawdown, OCTJ dropped -5.35% vs IBIC's -0.90%.
On 1-year performance, OCTJ leads with 5.77% vs 4.54% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.33%. 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 5.77% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC 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 3.59% for IBIC.
OCTJ is categorized as Options Trading, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for OCTJ and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (5.05 vs 2.21), 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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