PJUL vs. POCT
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - July (PJUL) and Innovator U.S. Equity Power Buffer ETF October (POCT).
PJUL and POCT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJUL is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index July. It was launched on Aug 7, 2018. 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 Sep 28, 2018. Both PJUL and POCT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PJUL vs. POCT - Performance Comparison
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PJUL vs. POCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PJUL Innovator U.S. Equity Power Buffer ETF - July | -1.00% | 12.78% | 13.76% | 19.87% | -2.08% | 7.20% | 7.51% | 12.47% | -6.63% |
POCT Innovator U.S. Equity Power Buffer ETF October | -1.84% | 11.00% | 9.54% | 20.12% | -1.26% | 9.46% | 10.40% | 12.80% | -7.12% |
Returns By Period
In the year-to-date period, PJUL achieves a -1.00% return, which is significantly higher than POCT's -1.84% return.
PJUL
- 1D
- 1.63%
- 1M
- -1.76%
- YTD
- -1.00%
- 6M
- 0.81%
- 1Y
- 14.38%
- 3Y*
- 13.26%
- 5Y*
- 9.37%
- 10Y*
- —
POCT
- 1D
- 1.72%
- 1M
- -2.33%
- YTD
- -1.84%
- 6M
- 0.02%
- 1Y
- 10.97%
- 3Y*
- 10.87%
- 5Y*
- 8.58%
- 10Y*
- —
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PJUL vs. POCT - Expense Ratio Comparison
Both PJUL and POCT have an expense ratio of 0.79%.
Return for Risk
PJUL vs. POCT — Risk / Return Rank
PJUL
POCT
PJUL vs. POCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - July (PJUL) 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.
| PJUL | POCT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.06 | +0.37 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.61 | +0.56 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.26 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.58 | +0.53 |
Martin ratioReturn relative to average drawdown | 11.87 | 8.51 | +3.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PJUL | POCT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.06 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 1.09 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.79 | +0.04 |
Correlation
The correlation between PJUL and POCT is 0.85, 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.
Dividends
PJUL vs. POCT - Dividend Comparison
Neither PJUL nor POCT has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PJUL Innovator U.S. Equity Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% |
POCT Innovator U.S. Equity Power Buffer ETF October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.21% |
Drawdowns
PJUL vs. POCT - Drawdown Comparison
The maximum PJUL drawdown since its inception was -18.17%, roughly equal to the maximum POCT drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for PJUL and POCT.
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Drawdown Indicators
| PJUL | POCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.17% | -18.80% | +0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -7.20% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -10.69% | -10.22% | -0.47% |
Current DrawdownCurrent decline from peak | -2.07% | -2.75% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -1.53% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.33% | -0.09% |
Volatility
PJUL vs. POCT - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - July (PJUL) is 2.90%, while Innovator U.S. Equity Power Buffer ETF October (POCT) has a volatility of 3.28%. This indicates that PJUL experiences smaller price fluctuations and is considered to be less risky than POCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PJUL | POCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 3.28% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 5.13% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 10.35% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 7.90% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.12% | 10.31% | -0.19% |