OCTW vs. POCT
Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer20 Oct ETF (OCTW) and Innovator U.S. Equity Power Buffer ETF - October (POCT).
OCTW and POCT 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. POCT is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect October Series Index. It was launched on Oct 1, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OCTW or POCT.
Correlation
The correlation between OCTW and POCT is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OCTW vs. POCT - Performance Comparison
Key characteristics
OCTW:
2.37
POCT:
2.12
OCTW:
3.32
POCT:
2.99
OCTW:
1.54
POCT:
1.47
OCTW:
5.83
POCT:
5.04
OCTW:
24.80
POCT:
21.95
OCTW:
0.35%
POCT:
0.44%
OCTW:
3.68%
POCT:
4.56%
OCTW:
-6.96%
POCT:
-18.80%
OCTW:
-0.05%
POCT:
-0.10%
Returns By Period
In the year-to-date period, OCTW achieves a 1.98% return, which is significantly lower than POCT's 2.22% return.
OCTW
1.98%
0.76%
4.13%
8.64%
N/A
N/A
POCT
2.22%
0.80%
4.66%
9.74%
9.73%
N/A
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OCTW vs. POCT - Expense Ratio Comparison
OCTW has a 0.74% expense ratio, which is lower than POCT's 0.79% expense ratio.
Risk-Adjusted Performance
OCTW vs. POCT — Risk-Adjusted Performance Rank
OCTW
POCT
OCTW vs. POCT - 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 U.S. Equity Power Buffer ETF - October (POCT). 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. POCT - Dividend Comparison
Neither OCTW nor POCT has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
OCTW AllianzIM U.S. Large Cap Buffer20 Oct ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
POCT Innovator U.S. Equity Power Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.21% |
Drawdowns
OCTW vs. POCT - Drawdown Comparison
The maximum OCTW drawdown since its inception was -6.96%, smaller than the maximum POCT drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for OCTW and POCT. For additional features, visit the drawdowns tool.
Volatility
OCTW vs. POCT - Volatility Comparison
AllianzIM U.S. Large Cap Buffer20 Oct ETF (OCTW) has a higher volatility of 1.22% compared to Innovator U.S. Equity Power Buffer ETF - October (POCT) at 1.12%. This indicates that OCTW's price experiences larger fluctuations and is considered to be riskier than POCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.