POCT vs. UOCT
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - October (POCT) and Innovator U.S. Equity Ultra Buffer ETF - October (UOCT).
POCT and UOCT 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. UOCT is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect October Series Index. It was launched on Oct 1, 2018. Both POCT and UOCT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POCT or UOCT.
Key characteristics
| POCT | UOCT | |
|---|---|---|
| YTD Return | 9.63% | 9.42% |
| 1Y Return | 14.15% | 14.05% |
| 3Y Return (Ann) | 9.42% | 7.65% |
| 5Y Return (Ann) | 9.86% | 7.58% |
| Sharpe Ratio | 3.46 | 3.72 |
| Sortino Ratio | 5.24 | 5.84 |
| Omega Ratio | 1.86 | 1.95 |
| Calmar Ratio | 7.42 | 8.20 |
| Martin Ratio | 44.24 | 46.89 |
| Ulcer Index | 0.32% | 0.30% |
| Daily Std Dev | 4.11% | 3.77% |
| Max Drawdown | -18.80% | -13.68% |
| Current Drawdown | -0.20% | 0.00% |
Correlation
The correlation between POCT and UOCT 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.
Performance
POCT vs. UOCT - Performance Comparison
The year-to-date returns for both stocks are quite close, with POCT having a 9.63% return and UOCT slightly lower at 9.42%. 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. UOCT - Expense Ratio Comparison
Both POCT and UOCT have an expense ratio of 0.79%.
Risk-Adjusted Performance
POCT vs. UOCT - 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 Innovator U.S. Equity Ultra Buffer ETF - October (UOCT). 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. UOCT - Dividend Comparison
Neither POCT nor UOCT has paid dividends to shareholders.
| 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% |
UOCT Innovator U.S. Equity Ultra Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.33% |
Drawdowns
POCT vs. UOCT - Drawdown Comparison
The maximum POCT drawdown since its inception was -18.80%, which is greater than UOCT's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for POCT and UOCT. For additional features, visit the drawdowns tool.
Volatility
POCT vs. UOCT - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - October (POCT) has a higher volatility of 1.95% compared to Innovator U.S. Equity Ultra Buffer ETF - October (UOCT) at 1.62%. This indicates that POCT's price experiences larger fluctuations and is considered to be riskier than UOCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.