OCTQ vs. AJAN

Last updated Jun 4, 2026

OCTQ (Innovator Premium Income 40 Barrier ETF - October) and AJAN (Innovator Equity Defined Protection ETF - 2 Yr To January 2026) are both Options Trading funds from Innovator. Both are actively managed. Both charge a 0.79% expense ratio.

Performance

OCTQ vs. AJAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - October (OCTQ) and Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OCTQ

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AJAN

• 1D: -0.11%
• 1M: 0.69%
• YTD: 1.94%
• 6M: 2.35%
• 1Y: 6.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OCTQ vs. AJAN - Yearly Performance Comparison

	2026 (YTD)
OCTQ Innovator Premium Income 40 Barrier ETF - October	0.00%
AJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2026	1.56%

Return for Risk

OCTQ vs. AJAN — Risk / Return Rank

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

AJAN

AJAN Risk / Return Rank: 77
AJAN Sharpe Ratio Rank: 78
AJAN Sortino Ratio Rank: 88
AJAN Omega Ratio Rank: 89
AJAN Calmar Ratio Rank: 55
AJAN Martin Ratio Rank: 73

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.

OCTQ vs. AJAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - October (OCTQ) and Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	OCTQ	AJAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.74	—

Drawdowns

OCTQ vs. AJAN - Drawdown Comparison

The maximum OCTQ drawdown since its inception was 0.00%, smaller than the maximum AJAN drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for OCTQ and AJAN.

Drawdown Indicators

	OCTQ	AJAN	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-4.11%	+4.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.24%	—
Current Drawdown Current decline from peak	0.00%	-0.18%	+0.18%
Average Drawdown Average peak-to-trough decline	0.00%	-0.29%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.44%	—

Volatility

Volatility by Period

	OCTQ	AJAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	2.36%	-2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	3.80%	-3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	3.80%	-3.80%

OCTQ vs. AJAN - Expense Ratio Comparison

Both OCTQ and AJAN have an expense ratio of 0.79%.

Dividends

OCTQ vs. AJAN - Dividend Comparison

Neither OCTQ nor AJAN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, OCTQ or AJAN?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OCTQ or AJAN?

OCTQ and AJAN have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, OCTQ or AJAN?

OCTQ and AJAN have nearly identical dividend yields, around 0.00%.