UOCT vs. APRB
UOCT (Innovator U.S. Equity Ultra Buffer ETF October) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. UOCT is passively managed, while APRB is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. UOCT charges 0.79%/yr vs 0.25%/yr for APRB.
Performance
UOCT vs. APRB - Performance Comparison
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Returns By Period
In the year-to-date period, UOCT achieves a 5.12% return, which is significantly higher than APRB's 4.77% return.
UOCT
- 1D
- 0.00%
- 1M
- 0.61%
- YTD
- 5.12%
- 6M
- 5.12%
- 1Y
- 14.04%
- 3Y*
- 11.35%
- 5Y*
- 8.22%
- 10Y*
- —
APRB
- 1D
- -0.09%
- 1M
- 0.41%
- YTD
- 4.77%
- 6M
- 4.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UOCT vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UOCT Innovator U.S. Equity Ultra Buffer ETF October | 5.12% | 1.83% |
APRB Aptus April Buffer ETF | 4.77% | 2.48% |
Correlation
The correlation between UOCT and APRB is 0.91, 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 | 0.91 |
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Return for Risk
UOCT vs. APRB — Risk / Return Rank
UOCT
APRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UOCT vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF October (UOCT) and Aptus April Buffer ETF (APRB). 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.
| UOCT | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.49 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | — | — |
| Martin ratioReturn relative to average drawdown | 16.21 | — | — |
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Drawdowns
UOCT vs. APRB - Drawdown Comparison
The maximum UOCT drawdown since its inception was -13.68%, which is greater than APRB's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for UOCT and APRB.
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Drawdown Indicators
| UOCT | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.68% | -4.59% | -9.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.24% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -9.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.21% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.23% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -1.52% | -0.72% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | — | — |
Volatility
UOCT vs. APRB - Volatility Comparison
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Volatility by Period
| UOCT | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.68% | 5.98% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 5.98% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 5.98% | +1.67% |
UOCT vs. APRB - Expense Ratio Comparison
UOCT has a 0.79% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
UOCT vs. APRB - Dividend Comparison
Neither UOCT nor APRB has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
APRB Aptus April Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UOCT Innovator U.S. Equity Ultra Buffer ETF October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.33% |
Frequently Asked Questions
With a correlation of 0.91, UOCT and APRB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, APRB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APRB is cheaper with a 0.25% expense ratio, compared with 0.79% for UOCT.
UOCT and APRB 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 UOCT and 0.25% for APRB.
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