OCTW vs. BALT
Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer20 Oct ETF (OCTW) and Innovator Defined Wealth Shield ETF (BALT).
OCTW and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCTW is an actively managed fund by Allianz. It was launched on Sep 30, 2020. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OCTW or BALT.
Correlation
The correlation between OCTW and BALT is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OCTW vs. BALT - Performance Comparison
Key characteristics
OCTW:
2.35
BALT:
3.24
OCTW:
3.30
BALT:
4.73
OCTW:
1.54
BALT:
1.72
OCTW:
5.80
BALT:
5.40
OCTW:
24.65
BALT:
28.25
OCTW:
0.35%
BALT:
0.35%
OCTW:
3.69%
BALT:
3.09%
OCTW:
-6.96%
BALT:
-2.16%
OCTW:
-0.03%
BALT:
-0.09%
Returns By Period
In the year-to-date period, OCTW achieves a 2.01% return, which is significantly higher than BALT's 1.34% return.
OCTW
2.01%
1.00%
4.15%
8.85%
N/A
N/A
BALT
1.34%
0.70%
4.70%
10.00%
N/A
N/A
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OCTW vs. BALT - Expense Ratio Comparison
OCTW has a 0.74% expense ratio, which is higher than BALT's 0.69% expense ratio.
Risk-Adjusted Performance
OCTW vs. BALT — Risk-Adjusted Performance Rank
OCTW
BALT
OCTW vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Oct ETF (OCTW) and Innovator Defined Wealth Shield ETF (BALT). 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.
Dividends
OCTW vs. BALT - Dividend Comparison
Neither OCTW nor BALT has paid dividends to shareholders.
Drawdowns
OCTW vs. BALT - Drawdown Comparison
The maximum OCTW drawdown since its inception was -6.96%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for OCTW and BALT. For additional features, visit the drawdowns tool.
Volatility
OCTW vs. BALT - Volatility Comparison
AllianzIM U.S. Large Cap Buffer20 Oct ETF (OCTW) has a higher volatility of 1.23% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.57%. This indicates that OCTW's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.