POCT vs. VOO

Last updated Jun 23, 2026

POCT (Innovator U.S. Equity Power Buffer ETF October) and VOO (Vanguard S&P 500 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 VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, POCT returned 9.75%/yr vs 13.58%/yr for VOO. Their correlation of 0.89 suggests significant overlap in exposure. POCT charges 0.79%/yr vs 0.03%/yr for VOO.

Performance

POCT vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POCT achieves a 5.35% return, which is significantly lower than VOO's 9.75% return.

POCT

• 1D: -0.02%
• 1M: 0.54%
• YTD: 5.35%
• 6M: 5.34%
• 1Y: 14.53%
• 3Y*: 11.75%
• 5Y*: 9.75%
• 10Y*: —

VOO

• 1D: -0.29%
• 1M: 0.08%
• YTD: 9.75%
• 6M: 9.30%
• 1Y: 26.77%
• 3Y*: 21.36%
• 5Y*: 13.58%
• 10Y*: 15.77%

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

POCT vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
POCT Innovator U.S. Equity Power Buffer ETF October	5.35%	11.00%	9.54%	20.12%	-1.26%	9.46%	10.40%	12.80%	-7.15%
VOO Vanguard S&P 500 ETF	9.75%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-13.48%

Correlation

The correlation between POCT and VOO is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 1, 2018	0.89

The correlation between POCT and VOO has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

POCT vs. VOO - Sectors Allocation Comparison

Sectors	POCT	VOO
Technology	38.4%	39.1%
Financial Services	11.0%	10.9%
Communication Services	10.8%	10.5%
Consumer Cyclical	10.0%	9.8%
Healthcare	8.4%	8.3%
Industrials	7.9%	7.6%
Consumer Defensive	4.6%	4.5%
Energy	3.2%	3.2%
Utilities	2.1%	2.5%
Real Estate	1.8%	1.8%
Basic Materials	1.7%	1.7%

Return for Risk

POCT vs. VOO — Risk / Return Rank

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

POCT

POCT Risk / Return Rank: 79
POCT Sharpe Ratio Rank: 77
POCT Sortino Ratio Rank: 80
POCT Omega Ratio Rank: 83
POCT Calmar Ratio Rank: 69
POCT Martin Ratio Rank: 84

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 70
VOO Sortino Ratio Rank: 67
VOO Omega Ratio Rank: 69
VOO Calmar Ratio Rank: 63
VOO Martin Ratio Rank: 74

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. VOO - 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 Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.17	+0.19
Sortino ratio: Return per unit of downside risk	3.38	2.93	+0.45
Omega ratio: Gain probability vs. loss probability	1.47	1.39	+0.08
Calmar ratio: Return relative to maximum drawdown	3.32	3.02	+0.30
Martin ratio: Return relative to average drawdown	16.85	13.58	+3.27

POCT vs. VOO - Sharpe Ratio Comparison

The current POCT Sharpe Ratio is 2.37, which is comparable to the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of POCT and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

POCT vs. VOO - Drawdown Comparison

The maximum POCT drawdown since its inception was -18.80%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for POCT and VOO.

Drawdown Indicators

	POCT	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-18.80%	-33.99%	+15.19%
Max Drawdown (1Y) Largest decline over 1 year	-4.40%	-8.90%	+4.50%
Max Drawdown (3Y) Largest decline over 3 years	-10.22%	-18.69%	+8.47%
Max Drawdown (5Y) Largest decline over 5 years	-10.22%	-24.52%	+14.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.41%	-1.74%	+1.33%
Average Drawdown Average peak-to-trough decline	-1.49%	-3.68%	+2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	1.98%	-1.12%

Volatility

POCT vs. VOO - Volatility Comparison

The current volatility for Innovator U.S. Equity Power Buffer ETF October (POCT) is 1.72%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.60%. This indicates that POCT experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POCT	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	4.60%	-2.88%
Volatility (6M) Calculated over the trailing 6-month period	4.95%	9.73%	-4.78%
Volatility (1Y) Calculated over the trailing 1-year period	6.18%	12.39%	-6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.97%	16.90%	-8.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.21%	18.05%	-7.84%

POCT vs. VOO - Expense Ratio Comparison

POCT has a 0.79% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

POCT vs. VOO - Dividend Comparison

POCT has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
VOO Vanguard S&P 500 ETF	1.04%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both POCT and VOO in my portfolio?

With a correlation of 0.93, POCT and VOO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, POCT or VOO?

VOO has higher volatility (4.60%) compared to POCT (1.72%). In terms of maximum drawdown, POCT dropped -18.80% vs VOO's -33.99%.

Which ETF is better, POCT or VOO?

On 5-year performance, VOO leads with 13.58% vs 9.75% for POCT. On fees, VOO is cheaper at 0.03% 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.

Which ETF has performed better, POCT or VOO?

Over the 5-year period, VOO has performed better with a 13.58% return vs 9.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, POCT or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.79% for POCT.

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

VOO has the higher dividend yield at 1.04%, compared with 0.00% for POCT.

What is the main difference between POCT and VOO?

POCT is categorized as Defined Outcome, while VOO is S&P 500. POCT tracks Cboe S&P 500 15% Buffer Protect October Series Index, while VOO tracks S&P 500 Index. They also come from different issuers: Innovator and Vanguard. Their fees differ too: 0.79% for POCT and 0.03% for VOO.

Which has better risk-adjusted returns?

POCT currently has the higher Sharpe Ratio (2.37 vs 2.17), 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.