POCT vs. SIXH
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - October (POCT) and 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH).
POCT and SIXH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SIXH is an actively managed fund by Exchange Traded Concepts. It was launched on May 11, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POCT or SIXH.
Key characteristics
| POCT | SIXH | |
|---|---|---|
| YTD Return | 9.63% | 13.94% |
| 1Y Return | 14.15% | 15.71% |
| 3Y Return (Ann) | 9.42% | 9.30% |
| Sharpe Ratio | 3.46 | 2.69 |
| Sortino Ratio | 5.24 | 3.92 |
| Omega Ratio | 1.86 | 1.54 |
| Calmar Ratio | 7.42 | 6.73 |
| Martin Ratio | 44.24 | 22.74 |
| Ulcer Index | 0.32% | 0.70% |
| Daily Std Dev | 4.11% | 5.90% |
| Max Drawdown | -18.80% | -11.68% |
| Current Drawdown | -0.20% | -0.76% |
Correlation
The correlation between POCT and SIXH is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
POCT vs. SIXH - Performance Comparison
In the year-to-date period, POCT achieves a 9.63% return, which is significantly lower than SIXH's 13.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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POCT vs. SIXH - Expense Ratio Comparison
POCT has a 0.79% expense ratio, which is lower than SIXH's 0.87% expense ratio.
Risk-Adjusted Performance
POCT vs. SIXH - Risk-Adjusted Performance 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.
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 1.52%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
POCT Innovator U.S. Equity Power Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.21% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.52% | 2.04% | 2.07% | 1.65% | 1.10% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
POCT vs. SIXH - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - October (POCT) has a higher volatility of 1.95% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 1.63%. This indicates that POCT's price experiences larger fluctuations and is considered to be riskier than SIXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.