UOCT vs. BAMU

Last updated Jun 23, 2026

UOCT (Innovator U.S. Equity Ultra Buffer ETF October) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - UOCT is a Defined Outcome fund tracking the S&P 500 Index, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. UOCT is passively managed, while BAMU is actively managed. Over the past year, UOCT returned 14.04% vs 2.91% for BAMU. At a correlation of -0.00, they often move in opposite directions. UOCT charges 0.79%/yr vs 1.09%/yr for BAMU.

Performance

UOCT vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Ultra Buffer ETF October (UOCT) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UOCT achieves a 5.12% return, which is significantly higher than BAMU's 1.18% return.

UOCT

• 1D: 0.00%
• 1M: 0.61%
• YTD: 5.12%
• 6M: 5.12%
• 1Y: 14.04%
• 3Y*: 11.35%
• 5Y*: 8.22%
• 10Y*: —

BAMU

• 1D: 0.02%
• 1M: 0.16%
• YTD: 1.18%
• 6M: 1.23%
• 1Y: 2.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UOCT vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UOCT Innovator U.S. Equity Ultra Buffer ETF October	5.12%	10.67%	8.98%	6.37%
BAMU Brookstone Ultra-Short Bond ETF	1.18%	3.21%	4.14%	1.20%

Correlation

The correlation between UOCT and BAMU is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Sep 27, 2023	-0.00

Return for Risk

UOCT vs. BAMU — Risk / Return Rank

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

UOCT

UOCT Risk / Return Rank: 80
UOCT Sharpe Ratio Rank: 81
UOCT Sortino Ratio Rank: 83
UOCT Omega Ratio Rank: 85
UOCT Calmar Ratio Rank: 69
UOCT Martin Ratio Rank: 83

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 98
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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.

UOCT vs. BAMU - 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 Brookstone Ultra-Short Bond ETF (BAMU). 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	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	2.49	5.01	-2.52
Sortino ratio: Return per unit of downside risk	3.50	8.84	-5.34
Omega ratio: Gain probability vs. loss probability	1.49	2.43	-0.94
Calmar ratio: Return relative to maximum drawdown	3.33	24.72	-21.39
Martin ratio: Return relative to average drawdown	16.21	97.90	-81.69

UOCT vs. BAMU - Sharpe Ratio Comparison

The current UOCT Sharpe Ratio is 2.49, which is lower than the BAMU Sharpe Ratio of 5.01. The chart below compares the historical Sharpe Ratios of UOCT and BAMU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UOCT vs. BAMU - Drawdown Comparison

The maximum UOCT drawdown since its inception was -13.68%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for UOCT and BAMU.

Drawdown Indicators

	UOCT	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-13.68%	-0.36%	-13.32%
Max Drawdown (1Y) Largest decline over 1 year	-4.24%	-0.12%	-4.12%
Max Drawdown (3Y) Largest decline over 3 years	-9.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.21%	—	—
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-1.52%	-0.02%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.03%	+0.84%

Volatility

UOCT vs. BAMU - Volatility Comparison

Innovator U.S. Equity Ultra Buffer ETF October (UOCT) has a higher volatility of 1.61% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.09%. This indicates that UOCT's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UOCT	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	0.09%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	4.46%	0.40%	+4.06%
Volatility (1Y) Calculated over the trailing 1-year period	5.68%	0.58%	+5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.73%	0.87%	+5.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.65%	0.87%	+6.78%

UOCT vs. BAMU - Expense Ratio Comparison

UOCT has a 0.79% expense ratio, which is lower than BAMU's 1.09% expense ratio.

Dividends

UOCT vs. BAMU - Dividend Comparison

UOCT has not paid dividends to shareholders, while BAMU's dividend yield for the trailing twelve months is around 3.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BAMU Brookstone Ultra-Short Bond ETF	3.05%	3.20%	3.97%	0.84%	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

Can I hold both UOCT and BAMU in my portfolio?

UOCT and BAMU have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UOCT or BAMU?

UOCT has higher volatility (1.61%) compared to BAMU (0.09%). In terms of maximum drawdown, UOCT dropped -13.68% vs BAMU's -0.36%.

Which ETF is better, UOCT or BAMU?

On 1-year performance, UOCT leads with 14.04% vs 2.91% for BAMU. On fees, UOCT is cheaper at 0.79% per year. On volatility, BAMU has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UOCT or BAMU?

Over the 1-year period, UOCT has performed better with a 14.04% return vs 2.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UOCT or BAMU?

UOCT is cheaper with a 0.79% expense ratio, compared with 1.09% for BAMU.

Which ETF pays a higher dividend yield, UOCT or BAMU?

BAMU has the higher dividend yield at 3.05%, compared with 0.00% for UOCT.

What is the main difference between UOCT and BAMU?

UOCT is categorized as Defined Outcome, while BAMU is Ultrashort Bond. They also come from different issuers: Innovator and Brookstone. Their fees differ too: 0.79% for UOCT and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (5.01 vs 2.49), 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.