OCTU vs. EAPR

Last updated Jun 24, 2026

OCTU (AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF) and EAPR (Innovator Emerging Markets Power Buffer ETF - April) are both Defined Outcome funds. OCTU is actively managed, while EAPR is passively managed. Over the past year, OCTU returned 16.94% vs 18.07% for EAPR. A 0.53 correlation means they provide meaningful diversification when combined. OCTU charges 0.74%/yr vs 0.89%/yr for EAPR.

Performance

OCTU vs. EAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF (OCTU) and Innovator Emerging Markets Power Buffer ETF - April (EAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OCTU achieves a 5.55% return, which is significantly lower than EAPR's 9.33% return.

OCTU

• 1D: -1.00%
• 1M: -1.09%
• YTD: 5.55%
• 6M: 5.00%
• 1Y: 16.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EAPR

• 1D: -2.64%
• 1M: -0.09%
• YTD: 9.33%
• 6M: 9.33%
• 1Y: 18.07%
• 3Y*: 9.89%
• 5Y*: 4.84%
• 10Y*: —

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

OCTU vs. EAPR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OCTU AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF	5.55%	12.37%	1.43%
EAPR Innovator Emerging Markets Power Buffer ETF - April	9.33%	14.80%	-4.18%

Correlation

The correlation between OCTU and EAPR is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.53

The correlation between OCTU and EAPR has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.

Return for Risk

OCTU vs. EAPR — Risk / Return Rank

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

OCTU

OCTU Risk / Return Rank: 62
OCTU Sharpe Ratio Rank: 60
OCTU Sortino Ratio Rank: 60
OCTU Omega Ratio Rank: 57
OCTU Calmar Ratio Rank: 64
OCTU Martin Ratio Rank: 68

EAPR

EAPR Risk / Return Rank: 84
EAPR Sharpe Ratio Rank: 70
EAPR Sortino Ratio Rank: 76
EAPR Omega Ratio Rank: 92
EAPR Calmar Ratio Rank: 87
EAPR Martin Ratio Rank: 94

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.

OCTU vs. EAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF (OCTU) and Innovator Emerging Markets Power Buffer ETF - April (EAPR). 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.

	OCTU	EAPR	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.09	-0.27
Sortino ratio: Return per unit of downside risk	2.55	3.11	-0.56
Omega ratio: Gain probability vs. loss probability	1.32	1.57	-0.25
Calmar ratio: Return relative to maximum drawdown	2.87	4.65	-1.78
Martin ratio: Return relative to average drawdown	11.37	25.14	-13.77

OCTU vs. EAPR - Sharpe Ratio Comparison

The current OCTU Sharpe Ratio is 1.83, which is comparable to the EAPR Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of OCTU and EAPR, 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

OCTU vs. EAPR - Drawdown Comparison

The maximum OCTU drawdown since its inception was -11.24%, smaller than the maximum EAPR drawdown of -17.65%. Use the drawdown chart below to compare losses from any high point for OCTU and EAPR.

Drawdown Indicators

	OCTU	EAPR	Difference
Max Drawdown Largest peak-to-trough decline	-11.24%	-17.65%	+6.41%
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	-3.90%	-2.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.65%	—
Current Drawdown Current decline from peak	-2.66%	-2.64%	-0.02%
Average Drawdown Average peak-to-trough decline	-1.69%	-4.04%	+2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	0.72%	+0.77%

Volatility

OCTU vs. EAPR - Volatility Comparison

The current volatility for AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF (OCTU) is 3.89%, while Innovator Emerging Markets Power Buffer ETF - April (EAPR) has a volatility of 5.46%. This indicates that OCTU experiences smaller price fluctuations and is considered to be less risky than EAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCTU	EAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	5.46%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	8.07%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	9.33%	8.68%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.61%	10.33%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.61%	10.21%	+0.40%

OCTU vs. EAPR - Expense Ratio Comparison

OCTU has a 0.74% expense ratio, which is lower than EAPR's 0.89% expense ratio.

Dividends

OCTU vs. EAPR - Dividend Comparison

Neither OCTU nor EAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OCTU and EAPR in my portfolio?

OCTU and EAPR have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OCTU or EAPR?

EAPR has higher volatility (5.46%) compared to OCTU (3.89%). In terms of maximum drawdown, OCTU dropped -11.24% vs EAPR's -17.65%.

Which ETF is better, OCTU or EAPR?

On 1-year performance, EAPR leads with 18.07% vs 16.94% for OCTU. On fees, OCTU is cheaper at 0.74% per year. On volatility, OCTU has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OCTU or EAPR?

Over the 1-year period, EAPR has performed better with a 18.07% return vs 16.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OCTU or EAPR?

OCTU is cheaper with a 0.74% expense ratio, compared with 0.89% for EAPR.

Which ETF pays a higher dividend yield, OCTU or EAPR?

OCTU and EAPR have nearly identical dividend yields, around 0.00%.

What is the main difference between OCTU and EAPR?

They also come from different issuers: AllianzIM and Innovator. Their fees differ too: 0.74% for OCTU and 0.89% for EAPR.

Which has better risk-adjusted returns?

EAPR currently has the higher Sharpe Ratio (2.09 vs 1.83), 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.