XAUG vs. HOCT

Last updated Jun 4, 2026

XAUG (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August) and HOCT (Innovator Premium Income 9 Buffer ETF - October) are both Options Trading funds. Both are actively managed. XAUG charges 0.85%/yr vs 0.79%/yr for HOCT.

Performance

XAUG vs. HOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG) and Innovator Premium Income 9 Buffer ETF - October (HOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XAUG

• 1D: -0.03%
• 1M: 1.21%
• YTD: 3.99%
• 6M: 4.77%
• 1Y: 10.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOCT

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XAUG vs. HOCT - Yearly Performance Comparison

	2026 (YTD)
XAUG FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August	3.31%
HOCT Innovator Premium Income 9 Buffer ETF - October	0.00%

Return for Risk

XAUG vs. HOCT — Risk / Return Rank

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

XAUG

XAUG Risk / Return Rank: 79
XAUG Sharpe Ratio Rank: 74
XAUG Sortino Ratio Rank: 79
XAUG Omega Ratio Rank: 87
XAUG Calmar Ratio Rank: 69
XAUG Martin Ratio Rank: 87

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.

XAUG vs. HOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG) and Innovator Premium Income 9 Buffer ETF - October (HOCT). 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.

	XAUG	HOCT	Difference
Sharpe ratio: Return per unit of total volatility	2.41	—	—
Sortino ratio: Return per unit of downside risk	3.52	—	—
Omega ratio: Gain probability vs. loss probability	1.54	—	—
Calmar ratio: Return relative to maximum drawdown	3.40	—	—
Martin ratio: Return relative to average drawdown	18.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XAUG	HOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.56	—	—

Drawdowns

XAUG vs. HOCT - Drawdown Comparison

The maximum XAUG drawdown since its inception was -8.70%, which is greater than HOCT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for XAUG and HOCT.

Drawdown Indicators

	XAUG	HOCT	Difference
Max Drawdown Largest peak-to-trough decline	-8.70%	0.00%	-8.70%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	—	—
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.47%	0.00%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	—	—

Volatility

Volatility by Period

	XAUG	HOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.41%	0.00%	+4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.51%	0.00%	+6.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.51%	0.00%	+6.51%

XAUG vs. HOCT - Expense Ratio Comparison

XAUG has a 0.85% expense ratio, which is higher than HOCT's 0.79% expense ratio.

Dividends

XAUG vs. HOCT - Dividend Comparison

Neither XAUG nor HOCT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, XAUG or HOCT?

On fees, HOCT is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XAUG or HOCT?

HOCT is cheaper with a 0.79% expense ratio, compared with 0.85% for XAUG.

Which ETF pays a higher dividend yield, XAUG or HOCT?

XAUG and HOCT have nearly identical dividend yields, around 0.00%.

What is the main difference between XAUG and HOCT?

They also come from different issuers: FT Vest and Innovator. Their fees differ too: 0.85% for XAUG and 0.79% for HOCT.