POCT vs. SIXH
POCT (Innovator U.S. Equity Power Buffer ETF October) and SIXH (6 Meridian Hedged Equity-Index Option Strategy 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 SIXH is a Volatility Hedged Equity fund actively managed by Exchange Traded Concepts. POCT is passively managed, while SIXH is actively managed. Over the past 5 years, POCT returned 9.75%/yr vs 9.64%/yr for SIXH. At a 0.39 correlation, their price movements are largely independent. POCT charges 0.79%/yr vs 0.87%/yr for SIXH.
Performance
POCT vs. SIXH - Performance Comparison
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Returns By Period
In the year-to-date period, POCT achieves a 5.35% return, which is significantly lower than SIXH's 9.61% return.
POCT
- 1D
- -0.02%
- 1M
- 0.54%
- YTD
- 5.35%
- 6M
- 5.34%
- 1Y
- 14.53%
- 3Y*
- 11.75%
- 5Y*
- 9.75%
- 10Y*
- —
SIXH
- 1D
- 0.55%
- 1M
- 0.87%
- YTD
- 9.61%
- 6M
- 9.61%
- 1Y
- 13.50%
- 3Y*
- 13.19%
- 5Y*
- 9.64%
- 10Y*
- —
POCT vs. SIXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
POCT Innovator U.S. Equity Power Buffer ETF October | 5.35% | 11.00% | 9.54% | 20.12% | -1.26% | 9.46% | 14.39% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 9.61% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
Correlation
The correlation between POCT and SIXH is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.39 |
Over the past year, the correlation between POCT and SIXH has dropped to 0.13 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
POCT vs. SIXH — Risk / Return Rank
POCT
SIXH
POCT vs. SIXH - 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 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| POCT | SIXH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.31 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 3.11 | +0.21 |
| Martin ratioReturn relative to average drawdown | 16.85 | 7.88 | +8.97 |
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Drawdowns
POCT vs. SIXH - Drawdown Comparison
The maximum POCT drawdown since its inception was -18.80%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for POCT and SIXH.
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Drawdown Indicators
| POCT | SIXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -11.68% | -7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.40% | -4.36% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -10.22% | -9.10% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -10.22% | -11.68% | +1.46% |
Current DrawdownCurrent decline from peak | -0.41% | -0.47% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -1.84% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.72% | -0.86% |
Volatility
POCT vs. SIXH - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF October (POCT) is 1.72%, while 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) has a volatility of 2.33%. This indicates that POCT experiences smaller price fluctuations and is considered to be less risky than SIXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| POCT | SIXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 2.33% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 6.07% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 7.68% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.97% | 10.37% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 10.13% | +0.08% |
POCT vs. SIXH - Expense Ratio Comparison
POCT has a 0.79% expense ratio, which is lower than SIXH's 0.87% expense ratio.
Dividends
POCT vs. SIXH - Dividend Comparison
POCT has not paid dividends to shareholders, while SIXH's dividend yield for the trailing twelve months is around 1.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.85% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% |
Frequently Asked Questions
POCT and SIXH have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIXH has higher volatility (2.33%) compared to POCT (1.72%). In terms of maximum drawdown, POCT dropped -18.80% vs SIXH's -11.68%.
On 5-year performance, POCT leads with 9.75% vs 9.64% for SIXH. On fees, POCT is cheaper at 0.79% per year. On volatility, POCT has been the lower-risk option at 1.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, POCT has performed better with a 9.75% return vs 9.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
POCT is cheaper with a 0.79% expense ratio, compared with 0.87% for SIXH.
SIXH has the higher dividend yield at 1.85%, compared with 0.00% for POCT.
POCT is categorized as Defined Outcome, while SIXH is Volatility Hedged Equity. They also come from different issuers: Innovator and Exchange Traded Concepts. Their fees differ too: 0.79% for POCT and 0.87% for SIXH.
POCT currently has the higher Sharpe Ratio (2.37 vs 1.77), 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.
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