UOCT vs. POCT
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - October (UOCT) and Innovator U.S. Equity Power Buffer ETF - October (POCT).
UOCT and POCT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UOCT is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect October Series Index. It was launched on Oct 1, 2018. POCT is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect October Series Index. It was launched on Oct 1, 2018. Both UOCT and POCT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UOCT or POCT.
Key characteristics
| UOCT | POCT | |
|---|---|---|
| YTD Return | 9.42% | 9.63% |
| 1Y Return | 14.05% | 14.15% |
| 3Y Return (Ann) | 7.65% | 9.42% |
| 5Y Return (Ann) | 7.58% | 9.86% |
| Sharpe Ratio | 3.72 | 3.46 |
| Sortino Ratio | 5.84 | 5.24 |
| Omega Ratio | 1.95 | 1.86 |
| Calmar Ratio | 8.20 | 7.42 |
| Martin Ratio | 46.89 | 44.24 |
| Ulcer Index | 0.30% | 0.32% |
| Daily Std Dev | 3.77% | 4.11% |
| Max Drawdown | -13.68% | -18.80% |
| Current Drawdown | 0.00% | -0.20% |
Correlation
The correlation between UOCT and POCT is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UOCT vs. POCT - Performance Comparison
The year-to-date returns for both investments are quite close, with UOCT having a 9.42% return and POCT slightly higher at 9.63%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UOCT vs. POCT - Expense Ratio Comparison
Both UOCT and POCT have an expense ratio of 0.79%.
Risk-Adjusted Performance
UOCT vs. POCT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - October (UOCT) and Innovator U.S. Equity Power Buffer ETF - October (POCT). 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.
Dividends
UOCT vs. POCT - Dividend Comparison
Neither UOCT nor POCT has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
UOCT Innovator U.S. Equity Ultra Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.33% |
POCT Innovator U.S. Equity Power Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.21% |
Drawdowns
UOCT vs. POCT - Drawdown Comparison
The maximum UOCT drawdown since its inception was -13.68%, smaller than the maximum POCT drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for UOCT and POCT. For additional features, visit the drawdowns tool.
Volatility
UOCT vs. POCT - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - October (UOCT) is 1.62%, while Innovator U.S. Equity Power Buffer ETF - October (POCT) has a volatility of 1.95%. This indicates that UOCT experiences smaller price fluctuations and is considered to be less risky than POCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.