UOCT vs. XMU.TO
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - October (UOCT) and iShares MSCI Min Vol USA Index ETF (XMU.TO).
UOCT and XMU.TO 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. XMU.TO is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Jul 24, 2012. Both UOCT and XMU.TO 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 XMU.TO.
Key characteristics
| UOCT | XMU.TO | |
|---|---|---|
| YTD Return | 9.42% | 27.03% |
| 1Y Return | 14.05% | 28.51% |
| 3Y Return (Ann) | 7.65% | 10.25% |
| 5Y Return (Ann) | 7.58% | 9.81% |
| Sharpe Ratio | 3.72 | 3.54 |
| Sortino Ratio | 5.84 | 5.69 |
| Omega Ratio | 1.95 | 1.74 |
| Calmar Ratio | 8.20 | 8.94 |
| Martin Ratio | 46.89 | 27.06 |
| Ulcer Index | 0.30% | 1.05% |
| Daily Std Dev | 3.77% | 8.02% |
| Max Drawdown | -13.68% | -27.31% |
| Current Drawdown | 0.00% | -0.11% |
Correlation
The correlation between UOCT and XMU.TO is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
UOCT vs. XMU.TO - Performance Comparison
In the year-to-date period, UOCT achieves a 9.42% return, which is significantly lower than XMU.TO's 27.03% return. 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. XMU.TO - Expense Ratio Comparison
UOCT has a 0.79% expense ratio, which is higher than XMU.TO's 0.33% expense ratio.
Risk-Adjusted Performance
UOCT vs. XMU.TO - 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 iShares MSCI Min Vol USA Index ETF (XMU.TO). 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. XMU.TO - Dividend Comparison
UOCT has not paid dividends to shareholders, while XMU.TO's dividend yield for the trailing twelve months is around 1.13%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UOCT Innovator U.S. Equity Ultra Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMU.TO iShares MSCI Min Vol USA Index ETF | 1.13% | 1.41% | 1.17% | 1.06% | 1.68% | 1.44% | 1.48% | 1.59% | 1.83% | 1.43% | 4.96% | 1.30% |
Drawdowns
UOCT vs. XMU.TO - Drawdown Comparison
The maximum UOCT drawdown since its inception was -13.68%, smaller than the maximum XMU.TO drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for UOCT and XMU.TO. For additional features, visit the drawdowns tool.
Volatility
UOCT vs. XMU.TO - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - October (UOCT) is 1.62%, while iShares MSCI Min Vol USA Index ETF (XMU.TO) has a volatility of 3.25%. This indicates that UOCT experiences smaller price fluctuations and is considered to be less risky than XMU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.