XDOC vs. PHEQ

Last updated Jun 4, 2026

XDOC (Innovator U.S. Equity Accelerated ETF - October) and PHEQ (Parametric Hedged Equity ETF) are both Options Trading funds. Both are actively managed. XDOC charges 0.79%/yr vs 0.29%/yr for PHEQ.

Performance

XDOC vs. PHEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated ETF - October (XDOC) and Parametric Hedged Equity ETF (PHEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XDOC

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

PHEQ

• 1D: -0.18%
• 1M: 1.64%
• YTD: 5.67%
• 6M: 6.14%
• 1Y: 15.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDOC vs. PHEQ - Yearly Performance Comparison

	2026 (YTD)
XDOC Innovator U.S. Equity Accelerated ETF - October	0.00%
PHEQ Parametric Hedged Equity ETF	5.22%

XDOC vs. PHEQ - Sectors Allocation Comparison

Sectors	XDOC	PHEQ
Technology	35.4%	35.4%
Financial Services	13.3%	11.3%
Consumer Cyclical	10.7%	10.2%
Communication Services	10.6%	11.8%
Healthcare	8.7%	8.6%
Industrials	7.5%	8.3%
Consumer Defensive	4.9%	5.0%
Energy	3.0%	3.7%
Utilities	2.4%	2.4%
Real Estate	1.9%	1.6%
Basic Materials	1.6%	1.7%

Return for Risk

XDOC vs. PHEQ — Risk / Return Rank

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

PHEQ

PHEQ Risk / Return Rank: 82
PHEQ Sharpe Ratio Rank: 80
PHEQ Sortino Ratio Rank: 86
PHEQ Omega Ratio Rank: 84
PHEQ Calmar Ratio Rank: 75
PHEQ Martin Ratio Rank: 84

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.

XDOC vs. PHEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated ETF - October (XDOC) and Parametric Hedged Equity ETF (PHEQ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XDOC	PHEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.80	—

Drawdowns

XDOC vs. PHEQ - Drawdown Comparison

The maximum XDOC drawdown since its inception was 0.00%, smaller than the maximum PHEQ drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for XDOC and PHEQ.

Drawdown Indicators

	XDOC	PHEQ	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-12.55%	+12.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.26%	—
Current Drawdown Current decline from peak	0.00%	-0.18%	+0.18%
Average Drawdown Average peak-to-trough decline	0.00%	-0.97%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.93%	—

Volatility

Volatility by Period

	XDOC	PHEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	6.16%	-6.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	8.62%	-8.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	8.62%	-8.62%

XDOC vs. PHEQ - Expense Ratio Comparison

XDOC has a 0.79% expense ratio, which is higher than PHEQ's 0.29% expense ratio.

Dividends

XDOC vs. PHEQ - Dividend Comparison

XDOC has not paid dividends to shareholders, while PHEQ's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023
PHEQ Parametric Hedged Equity ETF	1.03%	1.19%	1.39%	1.73%
XDOC Innovator U.S. Equity Accelerated ETF - October	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, XDOC or PHEQ?

On fees, PHEQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDOC or PHEQ?

PHEQ is cheaper with a 0.29% expense ratio, compared with 0.79% for XDOC.

Which ETF pays a higher dividend yield, XDOC or PHEQ?

PHEQ has the higher dividend yield at 1.03%, compared with 0.00% for XDOC.

What is the main difference between XDOC and PHEQ?

They also come from different issuers: Innovator and Parametric. Their fees differ too: 0.79% for XDOC and 0.29% for PHEQ.