SHDG vs. OCTQ

Last updated Jun 4, 2026

SHDG (Soundwatch Hedged Equity ETF) and OCTQ (Innovator Premium Income 40 Barrier ETF - October) are both Options Trading funds. Both are actively managed. SHDG charges 0.53%/yr vs 0.79%/yr for OCTQ.

Performance

SHDG vs. OCTQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Soundwatch Hedged Equity ETF (SHDG) and Innovator Premium Income 40 Barrier ETF - October (OCTQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SHDG

• 1D: -0.04%
• 1M: 1.31%
• YTD: 0.88%
• 6M: 1.06%
• 1Y: 12.30%
• 3Y*: 12.67%
• 5Y*: —
• 10Y*: —

OCTQ

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHDG vs. OCTQ - Yearly Performance Comparison

	2026 (YTD)
SHDG Soundwatch Hedged Equity ETF	-0.37%
OCTQ Innovator Premium Income 40 Barrier ETF - October	0.00%

SHDG vs. OCTQ - Sectors Allocation Comparison

Sectors	SHDG	OCTQ
Technology	36.2%	35.3%
Financial Services	11.9%	13.4%
Communication Services	10.9%	9.9%
Consumer Cyclical	10.1%	10.6%
Healthcare	8.4%	8.8%
Industrials	8.1%	7.8%
Consumer Defensive	4.9%	5.2%
Energy	3.5%	3.0%
Utilities	2.3%	2.5%
Real Estate	1.9%	2.0%
Basic Materials	1.8%	1.6%

Return for Risk

SHDG vs. OCTQ — Risk / Return Rank

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

SHDG

SHDG Risk / Return Rank: 44
SHDG Sharpe Ratio Rank: 46
SHDG Sortino Ratio Rank: 44
SHDG Omega Ratio Rank: 49
SHDG Calmar Ratio Rank: 38
SHDG Martin Ratio Rank: 43

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.

SHDG vs. OCTQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Soundwatch Hedged Equity ETF (SHDG) and Innovator Premium Income 40 Barrier ETF - October (OCTQ). 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.

	SHDG	OCTQ	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.18	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	1.86	—	—
Martin ratio: Return relative to average drawdown	6.92	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SHDG	OCTQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	—	—

Drawdowns

SHDG vs. OCTQ - Drawdown Comparison

The maximum SHDG drawdown since its inception was -15.82%, which is greater than OCTQ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SHDG and OCTQ.

Drawdown Indicators

	SHDG	OCTQ	Difference
Max Drawdown Largest peak-to-trough decline	-15.82%	0.00%	-15.82%
Max Drawdown (1Y) Largest decline over 1 year	-6.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.82%	—	—
Current Drawdown Current decline from peak	-0.75%	0.00%	-0.75%
Average Drawdown Average peak-to-trough decline	-1.74%	0.00%	-1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	—	—

Volatility

Volatility by Period

	SHDG	OCTQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.82%	0.00%	+7.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.99%	0.00%	+10.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	0.00%	+10.99%

SHDG vs. OCTQ - Expense Ratio Comparison

SHDG has a 0.53% expense ratio, which is lower than OCTQ's 0.79% expense ratio.

Dividends

SHDG vs. OCTQ - Dividend Comparison

SHDG's dividend yield for the trailing twelve months is around 0.49%, while OCTQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
OCTQ Innovator Premium Income 40 Barrier ETF - October	0.00%	0.00%	0.00%	0.00%	0.00%
SHDG Soundwatch Hedged Equity ETF	0.49%	0.49%	0.62%	1.24%	0.90%

Frequently Asked Questions

Which ETF is better, SHDG or OCTQ?

On fees, SHDG is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHDG or OCTQ?

SHDG is cheaper with a 0.53% expense ratio, compared with 0.79% for OCTQ.

Which ETF pays a higher dividend yield, SHDG or OCTQ?

SHDG has the higher dividend yield at 0.49%, compared with 0.00% for OCTQ.

What is the main difference between SHDG and OCTQ?

They also come from different issuers: SoundWatch Capital and Innovator. Their fees differ too: 0.53% for SHDG and 0.79% for OCTQ.