POCT vs. JEPQ

Last updated Jun 4, 2026

POCT (Innovator U.S. Equity Power Buffer ETF October) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - POCT is a Defined Outcome fund tracking the Cboe S&P 500 15% Buffer Protect October Series Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, POCT returned 12.17%/yr vs 20.92%/yr for JEPQ. Their correlation of 0.86 suggests significant overlap in exposure. POCT charges 0.79%/yr vs 0.35%/yr for JEPQ.

Performance

POCT vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Power Buffer ETF October (POCT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POCT achieves a 5.33% return, which is significantly lower than JEPQ's 9.54% return.

POCT

• 1D: -0.20%
• 1M: 2.01%
• YTD: 5.33%
• 6M: 5.92%
• 1Y: 14.36%
• 3Y*: 12.17%
• 5Y*: 9.82%
• 10Y*: —

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

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

POCT vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
POCT Innovator U.S. Equity Power Buffer ETF October	5.33%	11.00%	9.54%	20.12%	1.73%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between POCT and JEPQ is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.86

The correlation between POCT and JEPQ has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

POCT vs. JEPQ - Sectors Allocation Comparison

Sectors	POCT	JEPQ
Technology	36.2%	54.0%
Financial Services	11.9%	0.4%
Communication Services	10.9%	15.4%
Consumer Cyclical	10.1%	12.8%
Healthcare	8.4%	4.4%
Industrials	8.1%	3.1%
Consumer Defensive	4.9%	7.1%
Energy	3.5%	0.4%
Utilities	2.3%	1.3%
Real Estate	1.9%	0.2%
Basic Materials	1.8%	1.0%

Return for Risk

POCT vs. JEPQ — Risk / Return Rank

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

POCT

POCT Risk / Return Rank: 75
POCT Sharpe Ratio Rank: 71
POCT Sortino Ratio Rank: 74
POCT Omega Ratio Rank: 78
POCT Calmar Ratio Rank: 66
POCT Martin Ratio Rank: 83

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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.

POCT vs. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF October (POCT) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.

	POCT	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.49	-0.14
Sortino ratio: Return per unit of downside risk	3.38	3.29	+0.09
Omega ratio: Gain probability vs. loss probability	1.47	1.49	-0.02
Calmar ratio: Return relative to maximum drawdown	3.28	3.31	-0.03
Martin ratio: Return relative to average drawdown	16.84	16.22	+0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

POCT vs. JEPQ - Sharpe Ratio Comparison

The current POCT Sharpe Ratio is 2.35, which is comparable to the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of POCT and JEPQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	POCT	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.49	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.00	-0.13

Drawdowns

POCT vs. JEPQ - Drawdown Comparison

The maximum POCT drawdown since its inception was -18.80%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for POCT and JEPQ.

Drawdown Indicators

	POCT	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-18.80%	-20.07%	+1.27%
Max Drawdown (1Y) Largest decline over 1 year	-4.40%	-8.82%	+4.42%
Max Drawdown (3Y) Largest decline over 3 years	-10.22%	-20.07%	+9.85%
Max Drawdown (5Y) Largest decline over 5 years	-10.22%	—	—
Current Drawdown Current decline from peak	-0.20%	-0.10%	-0.10%
Average Drawdown Average peak-to-trough decline	-1.50%	-3.42%	+1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	1.79%	-0.93%

Volatility

POCT vs. JEPQ - Volatility Comparison

The current volatility for Innovator U.S. Equity Power Buffer ETF October (POCT) is 0.94%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 1.26%. This indicates that POCT experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POCT	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	1.26%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	4.77%	9.07%	-4.30%
Volatility (1Y) Calculated over the trailing 1-year period	6.17%	11.73%	-5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.94%	16.61%	-8.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.22%	16.61%	-6.39%

POCT vs. JEPQ - Expense Ratio Comparison

POCT has a 0.79% expense ratio, which is higher than JEPQ's 0.35% expense ratio.

Dividends

POCT vs. JEPQ - Dividend Comparison

POCT has not paid dividends to shareholders, while JEPQ's dividend yield for the trailing twelve months is around 10.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%	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%	0.00%	2.21%

Frequently Asked Questions

Can I hold both POCT and JEPQ in my portfolio?

POCT and JEPQ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POCT or JEPQ?

JEPQ has higher volatility (1.26%) compared to POCT (0.94%). In terms of maximum drawdown, POCT dropped -18.80% vs JEPQ's -20.07%.

Which ETF is better, POCT or JEPQ?

On 3-year performance, JEPQ leads with 20.92% vs 12.17% for POCT. On fees, JEPQ is cheaper at 0.35% per year. On volatility, POCT has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, POCT or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.92% return vs 12.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, POCT or JEPQ?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.79% for POCT.

Which ETF pays a higher dividend yield, POCT or JEPQ?

JEPQ has the higher dividend yield at 10.07%, compared with 0.00% for POCT.

What is the main difference between POCT and JEPQ?

POCT is categorized as Defined Outcome, while JEPQ is Nasdaq-100. POCT tracks Cboe S&P 500 15% Buffer Protect October Series Index, while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Innovator and JPMorgan. Their fees differ too: 0.79% for POCT and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 vs 2.35), 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.