TOCT vs. QB
TOCT (Innovator Equity Defined Protection ETF - 2 Yr to October 2027) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. TOCT is actively managed, while QB is passively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. TOCT charges 0.79%/yr vs 0.58%/yr for QB.
Performance
TOCT vs. QB - Performance Comparison
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Returns By Period
In the year-to-date period, TOCT achieves a 2.24% return, which is significantly lower than QB's 13.84% return.
TOCT
- 1D
- 0.11%
- 1M
- 0.27%
- 6M
- 1.94%
- YTD
- 2.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QB
- 1D
- 0.29%
- 1M
- 2.50%
- 6M
- 12.93%
- YTD
- 13.84%
- 1Y
- 21.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $58.82K | $37.73K | $149.66K | |
| $37.22K | $581.51K | $248.85K |
TOCT vs. QB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOCT Innovator Equity Defined Protection ETF - 2 Yr to October 2027 | 2.24% | 0.34% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 13.84% | 2.93% |
Correlation
The correlation between TOCT and QB is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.63 |
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Return for Risk
TOCT vs. QB — Risk / Return Rank
TOCT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QB
TOCT vs. QB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 2 Yr to October 2027 (TOCT) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). 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.
| TOCT | QB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.66 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.83 | — |
| Martin ratioReturn relative to average drawdown | — | 27.99 | — |
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Drawdowns
TOCT vs. QB - Drawdown Comparison
The maximum TOCT drawdown since its inception was -2.02%, smaller than the maximum QB drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for TOCT and QB.
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Drawdown Indicators
| TOCT | QB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.02% | -3.47% | +1.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.47% | — |
Current DrawdownCurrent decline from peak | -0.06% | 0.00% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -0.42% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.72% | — |
Volatility
TOCT vs. QB - Volatility Comparison
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Volatility by Period
| TOCT | QB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 7.27% | -4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.96% | 7.01% | -4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 7.01% | -4.05% |
TOCT vs. QB - Expense Ratio Comparison
TOCT has a 0.79% expense ratio, which is higher than QB's 0.58% expense ratio.
Dividends
TOCT vs. QB - Dividend Comparison
TOCT has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.77%.
| Position | TTM | 2025 |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.77% | 0.48% |
TOCT Innovator Equity Defined Protection ETF - 2 Yr to October 2027 | 0.00% | 0.00% |
Frequently Asked Questions
TOCT and QB have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QB is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QB is cheaper with a 0.58% expense ratio, compared with 0.79% for TOCT.
QB has the higher dividend yield at 0.77%, compared with 0.00% for TOCT.
They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for TOCT and 0.58% for QB.
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