OCTQ vs. GMAY

Last updated Jun 4, 2026

OCTQ (Innovator Premium Income 40 Barrier ETF - October) and GMAY (FT Cboe Vest U.S. Equity Moderate Buffer ETF - May) are both Options Trading funds. Both are actively managed. OCTQ charges 0.79%/yr vs 0.85%/yr for GMAY.

Performance

OCTQ vs. GMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - October (OCTQ) and FT Cboe Vest U.S. Equity Moderate Buffer ETF - May (GMAY). 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*: —

GMAY

• 1D: -0.35%
• 1M: 1.29%
• YTD: 4.42%
• 6M: 5.09%
• 1Y: 12.38%
• 3Y*: 12.18%
• 5Y*: —
• 10Y*: —

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

OCTQ vs. GMAY - Yearly Performance Comparison

	2026 (YTD)
OCTQ Innovator Premium Income 40 Barrier ETF - October	0.00%
GMAY FT Cboe Vest U.S. Equity Moderate Buffer ETF - May	3.60%

OCTQ vs. GMAY - Sectors Allocation Comparison

Sectors	OCTQ	GMAY
Technology	35.3%	36.2%
Financial Services	13.4%	11.9%
Consumer Cyclical	10.6%	10.1%
Communication Services	9.9%	10.9%
Healthcare	8.8%	8.4%
Industrials	7.8%	8.1%
Consumer Defensive	5.2%	4.9%
Energy	3.0%	3.5%
Utilities	2.5%	2.3%
Real Estate	2.0%	1.9%
Basic Materials	1.6%	1.8%

Return for Risk

OCTQ vs. GMAY — Risk / Return Rank

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

GMAY

GMAY Risk / Return Rank: 85
GMAY Sharpe Ratio Rank: 81
GMAY Sortino Ratio Rank: 87
GMAY Omega Ratio Rank: 88
GMAY Calmar Ratio Rank: 79
GMAY Martin Ratio Rank: 92

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. GMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - October (OCTQ) and FT Cboe Vest U.S. Equity Moderate Buffer ETF - May (GMAY). 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	GMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.60	—

Drawdowns

OCTQ vs. GMAY - Drawdown Comparison

The maximum OCTQ drawdown since its inception was 0.00%, smaller than the maximum GMAY drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for OCTQ and GMAY.

Drawdown Indicators

	OCTQ	GMAY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-11.75%	+11.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.75%	—
Current Drawdown Current decline from peak	0.00%	-0.35%	+0.35%
Average Drawdown Average peak-to-trough decline	0.00%	-0.72%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.53%	—

Volatility

Volatility by Period

	OCTQ	GMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	4.77%	-4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	7.85%	-7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	7.85%	-7.85%

OCTQ vs. GMAY - Expense Ratio Comparison

OCTQ has a 0.79% expense ratio, which is lower than GMAY's 0.85% expense ratio.

Dividends

OCTQ vs. GMAY - Dividend Comparison

Neither OCTQ nor GMAY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, OCTQ or GMAY?

On fees, OCTQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OCTQ or GMAY?

OCTQ is cheaper with a 0.79% expense ratio, compared with 0.85% for GMAY.

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

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

What is the main difference between OCTQ and GMAY?

They also come from different issuers: Innovator and FT Vest. Their fees differ too: 0.79% for OCTQ and 0.85% for GMAY.