TJAN vs. HOCT

Last updated Jun 6, 2026

TJAN (Innovator Equity Defined Protection ETF - 2 Yr To January 2027) and HOCT (Innovator Premium Income 9 Buffer ETF - October) are both Options Trading funds from Innovator. Both are actively managed. Both charge a 0.79% expense ratio.

Performance

TJAN vs. HOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Defined Protection ETF - 2 Yr To January 2027 (TJAN) and Innovator Premium Income 9 Buffer ETF - October (HOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TJAN

• 1D: -0.36%
• 1M: 0.25%
• YTD: 2.43%
• 6M: 2.81%
• 1Y: 7.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOCT

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

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

TJAN vs. HOCT - Yearly Performance Comparison

	2026 (YTD)
TJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2027	2.06%
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%

Return for Risk

TJAN vs. HOCT — Risk / Return Rank

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

TJAN

TJAN Risk / Return Rank: 89
TJAN Sharpe Ratio Rank: 89
TJAN Sortino Ratio Rank: 93
TJAN Omega Ratio Rank: 92
TJAN Calmar Ratio Rank: 77
TJAN Martin Ratio Rank: 90

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.

TJAN vs. HOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 2 Yr To January 2027 (TJAN) and Innovator Premium Income 9 Buffer ETF - October (HOCT). 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.

	TJAN	HOCT	Difference
Sharpe ratio: Return per unit of total volatility	2.84	—	—
Sortino ratio: Return per unit of downside risk	4.42	—	—
Omega ratio: Gain probability vs. loss probability	1.59	—	—
Calmar ratio: Return relative to maximum drawdown	3.74	—	—
Martin ratio: Return relative to average drawdown	19.86	—	—
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

	TJAN	HOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	—	—

Drawdowns

TJAN vs. HOCT - Drawdown Comparison

The maximum TJAN drawdown since its inception was -4.83%, which is greater than HOCT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TJAN and HOCT.

Drawdown Indicators

	TJAN	HOCT	Difference
Max Drawdown Largest peak-to-trough decline	-4.83%	0.00%	-4.83%
Max Drawdown (1Y) Largest decline over 1 year	-2.10%	—	—
Current Drawdown Current decline from peak	-0.36%	0.00%	-0.36%
Average Drawdown Average peak-to-trough decline	-0.44%	0.00%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	—	—

Volatility

Volatility by Period

	TJAN	HOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.79%	0.00%	+2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.41%	0.00%	+4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.41%	0.00%	+4.41%

TJAN vs. HOCT - Expense Ratio Comparison

Both TJAN and HOCT have an expense ratio of 0.79%.

Dividends

TJAN vs. HOCT - Dividend Comparison

Neither TJAN nor HOCT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, TJAN or HOCT?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TJAN or HOCT?

TJAN and HOCT have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, TJAN or HOCT?

TJAN and HOCT have nearly identical dividend yields, around 0.00%.