SIXH vs. POCT
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and POCT (Innovator U.S. Equity Power Buffer ETF October) are both exchange-traded funds - SIXH is a Volatility Hedged Equity fund actively managed by Exchange Traded Concepts, while POCT is a Defined Outcome fund tracking the Cboe S&P 500 15% Buffer Protect October Series Index. SIXH is actively managed, while POCT is passively managed. Over the past 5 years, SIXH returned 9.64%/yr vs 9.75%/yr for POCT. At a 0.39 correlation, their price movements are largely independent. SIXH charges 0.87%/yr vs 0.79%/yr for POCT.
Performance
SIXH vs. POCT - Performance Comparison
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Returns By Period
In the year-to-date period, SIXH achieves a 9.61% return, which is significantly higher than POCT's 5.35% return.
SIXH
- 1D
- 0.55%
- 1M
- 0.87%
- YTD
- 9.61%
- 6M
- 9.61%
- 1Y
- 13.50%
- 3Y*
- 13.19%
- 5Y*
- 9.64%
- 10Y*
- —
POCT
- 1D
- -0.02%
- 1M
- 0.54%
- YTD
- 5.35%
- 6M
- 5.34%
- 1Y
- 14.53%
- 3Y*
- 11.75%
- 5Y*
- 9.75%
- 10Y*
- —
SIXH vs. POCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 9.61% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
POCT Innovator U.S. Equity Power Buffer ETF October | 5.35% | 11.00% | 9.54% | 20.12% | -1.26% | 9.46% | 14.39% |
Correlation
The correlation between SIXH and POCT 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 SIXH and POCT 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
SIXH vs. POCT — Risk / Return Rank
SIXH
POCT
SIXH vs. POCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) and Innovator U.S. Equity Power Buffer ETF October (POCT). 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.
| SIXH | POCT | 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 | 1.31 | 1.47 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.32 | -0.21 |
| Martin ratioReturn relative to average drawdown | 7.88 | 16.85 | -8.97 |
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Drawdowns
SIXH vs. POCT - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum POCT drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for SIXH and POCT.
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Drawdown Indicators
| SIXH | POCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -18.80% | +7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -4.40% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -10.22% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -10.22% | -1.46% |
Current DrawdownCurrent decline from peak | -0.47% | -0.41% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -1.49% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 0.86% | +0.86% |
Volatility
SIXH vs. POCT - Volatility Comparison
6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) has a higher volatility of 2.33% compared to Innovator U.S. Equity Power Buffer ETF October (POCT) at 1.72%. This indicates that SIXH's price experiences larger fluctuations and is considered to be riskier than POCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | POCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 1.72% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 4.95% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.68% | 6.18% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.37% | 7.97% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.13% | 10.21% | -0.08% |
SIXH vs. POCT - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is higher than POCT's 0.79% expense ratio.
Dividends
SIXH vs. POCT - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.85%, while POCT has not paid dividends to shareholders.
| 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
SIXH and POCT 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, SIXH dropped -11.68% vs POCT's -18.80%.
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.
SIXH is categorized as Volatility Hedged Equity, while POCT is Defined Outcome. They also come from different issuers: Exchange Traded Concepts and Innovator. Their fees differ too: 0.87% for SIXH and 0.79% for POCT.
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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