UJUN vs. OCTB
UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. UJUN is passively managed, while OCTB is actively managed. Their correlation of 0.89 suggests significant overlap in exposure. UJUN charges 0.79%/yr vs 0.25%/yr for OCTB.
Performance
UJUN vs. OCTB - Performance Comparison
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Returns By Period
In the year-to-date period, UJUN achieves a 3.41% return, which is significantly lower than OCTB's 6.99% return.
UJUN
- 1D
- -0.08%
- 1M
- 0.46%
- 6M
- 2.94%
- YTD
- 3.41%
- 1Y
- 8.30%
- 3Y*
- 10.31%
- 5Y*
- 6.19%
- 10Y*
- —
OCTB
- 1D
- -0.20%
- 1M
- 0.66%
- 6M
- 6.28%
- YTD
- 6.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UJUN vs. OCTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UJUN Innovator U.S. Equity Ultra Buffer ETF - June | 3.41% | 2.00% |
OCTB Aptus October Buffer ETF | 6.99% | 2.37% |
Correlation
The correlation between UJUN and OCTB is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.89 |
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Return for Risk
UJUN vs. OCTB — Risk / Return Rank
UJUN
OCTB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UJUN vs. OCTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) and Aptus October Buffer ETF (OCTB). 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.
| UJUN | OCTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | — | — |
| Martin ratioReturn relative to average drawdown | 14.35 | — | — |
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Drawdowns
UJUN vs. OCTB - Drawdown Comparison
The maximum UJUN drawdown since its inception was -13.73%, which is greater than OCTB's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for UJUN and OCTB.
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Drawdown Indicators
| UJUN | OCTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.73% | -4.79% | -8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.96% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.24% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -0.66% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | — | — |
Volatility
UJUN vs. OCTB - Volatility Comparison
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Volatility by Period
| UJUN | OCTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.62% | 7.14% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.39% | 7.14% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.74% | 7.14% | +1.60% |
UJUN vs. OCTB - Expense Ratio Comparison
UJUN has a 0.79% expense ratio, which is higher than OCTB's 0.25% expense ratio.
Dividends
UJUN vs. OCTB - Dividend Comparison
Neither UJUN nor OCTB has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OCTB Aptus October Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UJUN Innovator U.S. Equity Ultra Buffer ETF - June | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.89% |
Frequently Asked Questions
UJUN and OCTB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OCTB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for UJUN.
UJUN and OCTB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for UJUN and 0.25% for OCTB.
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