POCT vs. PUTW

Last updated Jun 3, 2026

POCT (Innovator U.S. Equity Power Buffer ETF October) and PUTW (WisdomTree Equity Premium Income Fund) are both funds - POCT is a Defined Outcome fund tracking the Cboe S&P 500 15% Buffer Protect October Series Index, while PUTW is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. Both are passively managed. Over the past 5 years, POCT returned 9.90%/yr vs 10.02%/yr for PUTW. A 0.74 correlation means they provide meaningful diversification when combined. POCT charges 0.79%/yr vs 0.44%/yr for PUTW.

Performance

POCT vs. PUTW - 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 WisdomTree Equity Premium Income Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POCT achieves a 5.54% return, which is significantly higher than PUTW's 4.45% return.

POCT

• 1D: 0.10%
• 1M: 2.06%
• YTD: 5.54%
• 6M: 6.22%
• 1Y: 15.20%
• 3Y*: 12.24%
• 5Y*: 9.90%
• 10Y*: —

PUTW

• 1D: -0.09%
• 1M: 2.14%
• YTD: 4.45%
• 6M: 5.19%
• 1Y: 19.36%
• 3Y*: 13.69%
• 5Y*: 10.02%
• 10Y*: 8.32%

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

POCT vs. PUTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
POCT Innovator U.S. Equity Power Buffer ETF October	5.54%	11.00%	9.54%	20.12%	-1.26%	9.46%	10.40%	12.80%	-7.12%
PUTW WisdomTree Equity Premium Income Fund	4.45%	14.45%	17.18%	15.53%	-10.11%	20.94%	1.65%	13.55%	-12.14%

Correlation

The correlation between POCT and PUTW is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018	0.74

The correlation between POCT and PUTW has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.

POCT vs. PUTW - Sectors Allocation Comparison

Sectors	POCT	PUTW
Technology	36.2%	-
Financial Services	11.9%	-0.0%
Communication Services	10.9%	-
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	8.1%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

POCT vs. PUTW — Risk / Return Rank

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

POCT

POCT Risk / Return Rank: 78
POCT Sharpe Ratio Rank: 75
POCT Sortino Ratio Rank: 78
POCT Omega Ratio Rank: 82
POCT Calmar Ratio Rank: 69
POCT Martin Ratio Rank: 85

PUTW

PUTW Risk / Return Rank: 58
PUTW Sharpe Ratio Rank: 55
PUTW Sortino Ratio Rank: 52
PUTW Omega Ratio Rank: 64
PUTW Calmar Ratio Rank: 50
PUTW Martin Ratio Rank: 67

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. PUTW - 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 WisdomTree Equity Premium Income Fund (PUTW). 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	PUTW	Difference
Sharpe ratio Return per unit of total volatility	2.48	2.20	+0.28
Sortino ratio Return per unit of downside risk	3.56	3.06	+0.50
Omega ratio Gain probability vs. loss probability	1.50	1.44	+0.06
Calmar ratio Return relative to maximum drawdown	3.53	2.74	+0.79
Martin ratio Return relative to average drawdown	18.14	13.14	+5.00
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. PUTW - Sharpe Ratio Comparison

The current POCT Sharpe Ratio is 2.48, which is comparable to the PUTW Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of POCT and PUTW, 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	PUTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.20	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.25	0.83	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.65	+0.23

Drawdowns

POCT vs. PUTW - Drawdown Comparison

The maximum POCT drawdown since its inception was -18.80%, smaller than the maximum PUTW drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for POCT and PUTW.

Drawdown Indicators

	POCT	PUTW	Difference
Max Drawdown Largest peak-to-trough decline	-18.80%	-28.40%	+9.60%
Max Drawdown (1Y) Largest decline over 1 year	-4.40%	-7.15%	+2.75%
Max Drawdown (3Y) Largest decline over 3 years	-10.22%	-15.26%	+5.04%
Max Drawdown (5Y) Largest decline over 5 years	-10.22%	-16.56%	+6.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.40%	—
Current Drawdown Current decline from peak	0.00%	-0.09%	+0.09%
Average Drawdown Average peak-to-trough decline	-1.50%	-3.44%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	1.49%	-0.63%

Volatility

POCT vs. PUTW - Volatility Comparison

Innovator U.S. Equity Power Buffer ETF October (POCT) has a higher volatility of 0.92% compared to WisdomTree Equity Premium Income Fund (PUTW) at 0.86%. This indicates that POCT's price experiences larger fluctuations and is considered to be riskier than PUTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POCT	PUTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	0.86%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	4.78%	7.00%	-2.22%
Volatility (1Y) Calculated over the trailing 1-year period	6.16%	8.86%	-2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.94%	12.13%	-4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.23%	13.22%	-2.99%

POCT vs. PUTW - Expense Ratio Comparison

POCT has a 0.79% expense ratio, which is higher than PUTW's 0.44% expense ratio.

Dividends

POCT vs. PUTW - Dividend Comparison

POCT has not paid dividends to shareholders, while PUTW's dividend yield for the trailing twelve months is around 12.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%	0.00%	0.00%
PUTW WisdomTree Equity Premium Income Fund	12.03%	13.18%	11.99%	8.94%	3.27%	0.00%	1.43%	1.47%	6.46%	3.52%	2.27%

Frequently Asked Questions

Can I hold both POCT and PUTW in my portfolio?

POCT and PUTW have a correlation of 0.79, 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 PUTW?

POCT has higher volatility (0.92%) compared to PUTW (0.86%). In terms of maximum drawdown, POCT dropped -18.80% vs PUTW's -28.40%.

Which has better risk-adjusted returns?

POCT currently has the higher Sharpe Ratio (2.48 vs 2.20), 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.