OCTQ vs. MSTQ

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Premium Income 40 Barrier ETF - October (OCTQ) and LHA Market State Tactical Q ETF (MSTQ).

OCTQ and MSTQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCTQ is an actively managed fund by Innovator. It was launched on Sep 29, 2023. MSTQ is an actively managed fund by Little Harbor Advisors. It was launched on Mar 14, 2022.

Performance

OCTQ vs. MSTQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - October (OCTQ) and LHA Market State Tactical Q ETF (MSTQ). The values are adjusted to include any dividend payments, if applicable.

OCTQ vs. MSTQ - Yearly Performance Comparison

	2026 (YTD)
OCTQ Innovator Premium Income 40 Barrier ETF - October	0.00%
MSTQ LHA Market State Tactical Q ETF	-4.57%

Returns By Period

OCTQ

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

MSTQ

• 1D: 2.40%
• 1M: -4.26%
• YTD: -5.71%
• 6M: -4.78%
• 1Y: 23.75%
• 3Y*: 18.23%
• 5Y*: —
• 10Y*: —

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

OCTQ vs. MSTQ - Expense Ratio Comparison

OCTQ has a 0.79% expense ratio, which is lower than MSTQ's 1.59% expense ratio.

MSTQ

LHA Market State Tactical Q ETF

OCTQ

Innovator Premium Income 40 Barrier ETF - October

Return for Risk

OCTQ vs. MSTQ — Risk / Return Rank

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

MSTQ

MSTQ Risk / Return Rank: 74
MSTQ Sharpe Ratio Rank: 78
MSTQ Sortino Ratio Rank: 81
MSTQ Omega Ratio Rank: 73
MSTQ Calmar Ratio Rank: 73
MSTQ Martin Ratio Rank: 63

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. MSTQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - October (OCTQ) and LHA Market State Tactical Q ETF (MSTQ). 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	MSTQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.58	—

Dividends

OCTQ vs. MSTQ - Dividend Comparison

OCTQ has not paid dividends to shareholders, while MSTQ's dividend yield for the trailing twelve months is around 14.81%.

	TTM	2025	2024	2023
OCTQ Innovator Premium Income 40 Barrier ETF - October	0.00%	0.00%	0.00%	0.00%
MSTQ LHA Market State Tactical Q ETF	14.81%	13.97%	3.72%	0.77%

Drawdowns

OCTQ vs. MSTQ - Drawdown Comparison

The maximum OCTQ drawdown since its inception was 0.00%, smaller than the maximum MSTQ drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for OCTQ and MSTQ.

Drawdown Indicators

	OCTQ	MSTQ	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-31.05%	+31.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.39%	—
Current Drawdown Current decline from peak	0.00%	-10.29%	+10.29%
Average Drawdown Average peak-to-trough decline	0.00%	-8.91%	+8.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.76%	—

Volatility

Volatility by Period

	OCTQ	MSTQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	16.35%	-16.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	18.98%	-18.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	18.98%	-18.98%