OCTJ vs. NVII

Last updated Jul 17, 2026

OCTJ (Innovator Premium Income 30 Barrier ETF - October) and NVII (REX NVIDIA Growth & Income ETF) are both exchange-traded funds - OCTJ is a Options Trading fund actively managed by Innovator, while NVII is a Derivative Income fund actively managed by REX. Both are actively managed. Over the past year, OCTJ returned 5.61% vs 29.35% for NVII. At a 0.38 correlation, their price movements are largely independent. OCTJ charges 0.79%/yr vs 0.99%/yr for NVII.

Performance

OCTJ vs. NVII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 30 Barrier ETF - October (OCTJ) and REX NVIDIA Growth & Income ETF (NVII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OCTJ achieves a 2.91% return, which is significantly lower than NVII's 13.29% return.

OCTJ

• 1D: 0.00%
• 1M: 0.39%
• 6M: 2.72%
• YTD: 2.91%
• 1Y: 5.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVII

• 1D: -1.83%
• 1M: 1.41%
• 6M: 11.95%
• YTD: 13.29%
• 1Y: 29.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OCTJ vs. NVII - Yearly Performance Comparison

	2026 (YTD)	2025
OCTJ Innovator Premium Income 30 Barrier ETF - October	2.91%	3.59%
NVII REX NVIDIA Growth & Income ETF	13.29%	47.63%

Correlation

The correlation between OCTJ and NVII is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 28, 2025	0.38

Return for Risk

OCTJ vs. NVII — Risk / Return Rank

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

OCTJ

OCTJ Risk / Return Rank: 90
OCTJ Sharpe Ratio Rank: 84
OCTJ Sortino Ratio Rank: 89
OCTJ Omega Ratio Rank: 91
OCTJ Calmar Ratio Rank: 91
OCTJ Martin Ratio Rank: 95

NVII

NVII Risk / Return Rank: 30
NVII Sharpe Ratio Rank: 27
NVII Sortino Ratio Rank: 27
NVII Omega Ratio Rank: 27
NVII Calmar Ratio Rank: 37
NVII Martin Ratio Rank: 30

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.

OCTJ vs. NVII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 30 Barrier ETF - October (OCTJ) and REX NVIDIA Growth & Income ETF (NVII). 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	NVII	Difference
Sharpe ratio: Return per unit of total volatility	2.15	0.81	+1.34
Sortino ratio: Return per unit of downside risk	3.35	1.28	+2.07
Omega ratio: Gain probability vs. loss probability	1.47	1.16	+0.31
Calmar ratio: Return relative to maximum drawdown	4.52	1.59	+2.93
Martin ratio: Return relative to average drawdown	23.02	3.46	+19.57

OCTJ vs. NVII - Sharpe Ratio Comparison

The current OCTJ Sharpe Ratio is 2.15, which is higher than the NVII Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of OCTJ and NVII, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OCTJ vs. NVII - Drawdown Comparison

The maximum OCTJ drawdown since its inception was -5.35%, smaller than the maximum NVII drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for OCTJ and NVII.

Drawdown Indicators

	OCTJ	NVII	Difference
Max Drawdown Largest peak-to-trough decline	-5.35%	-18.56%	+13.21%
Max Drawdown (1Y) Largest decline over 1 year	-1.25%	-18.56%	+17.31%
Current Drawdown Current decline from peak	0.00%	-10.29%	+10.29%
Average Drawdown Average peak-to-trough decline	-0.15%	-6.23%	+6.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.24%	8.51%	-8.27%

Volatility

OCTJ vs. NVII - Volatility Comparison

The current volatility for Innovator Premium Income 30 Barrier ETF - October (OCTJ) is 0.42%, while REX NVIDIA Growth & Income ETF (NVII) has a volatility of 10.42%. This indicates that OCTJ experiences smaller price fluctuations and is considered to be less risky than NVII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCTJ	NVII	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.42%	10.42%	-10.00%
Volatility (6M) Calculated over the trailing 6-month period	2.00%	27.93%	-25.93%
Volatility (1Y) Calculated over the trailing 1-year period	2.62%	36.25%	-33.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.15%	35.52%	-31.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.15%	35.52%	-31.37%

OCTJ vs. NVII - Expense Ratio Comparison

OCTJ has a 0.79% expense ratio, which is lower than NVII's 0.99% expense ratio.

Dividends

OCTJ vs. NVII - Dividend Comparison

OCTJ's dividend yield for the trailing twelve months is around 5.27%, less than NVII's 55.68% yield.

Position	TTM	2025	2024	2023
NVII REX NVIDIA Growth & Income ETF	55.68%	29.17%	0.00%	0.00%
OCTJ Innovator Premium Income 30 Barrier ETF - October	5.27%	5.23%	6.27%	1.64%

Frequently Asked Questions

Can I hold both OCTJ and NVII in my portfolio?

OCTJ and NVII have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OCTJ or NVII?

NVII has higher volatility (10.42%) compared to OCTJ (0.42%). In terms of maximum drawdown, OCTJ dropped -5.35% vs NVII's -18.56%.

Which ETF is better, OCTJ or NVII?

On 1-year performance, NVII leads with 29.35% vs 5.61% for OCTJ. On fees, OCTJ is cheaper at 0.79% per year. On volatility, OCTJ has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OCTJ or NVII?

Over the 1-year period, NVII has performed better with a 29.35% return vs 5.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OCTJ or NVII?

OCTJ is cheaper with a 0.79% expense ratio, compared with 0.99% for NVII.

Which ETF pays a higher dividend yield, OCTJ or NVII?

NVII has the higher dividend yield at 55.68%, compared with 5.27% for OCTJ.

What is the main difference between OCTJ and NVII?

OCTJ is categorized as Options Trading, while NVII is Derivative Income. They also come from different issuers: Innovator and REX. Their fees differ too: 0.79% for OCTJ and 0.99% for NVII.

Which has better risk-adjusted returns?

OCTJ currently has the higher Sharpe Ratio (2.15 vs 0.81), 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.