XTJA vs. EOCT

Last updated Aug 2, 2026

XTJA (Innovator U.S. Equity Accelerated Plus ETF - January) and EOCT (Innovator Emerging Markets Power Buffer ETF - October) are both Options Trading funds from Innovator. Both are actively managed. Over the past 3 years, XTJA returned 14.06%/yr vs 11.93%/yr for EOCT. Their 0.61 correlation means they have sometimes moved together and sometimes differently. XTJA charges 0.79%/yr vs 0.89%/yr for EOCT.

Performance

XTJA vs. EOCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) and Innovator Emerging Markets Power Buffer ETF - October (EOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTJA achieves a 8.75% return, which is significantly higher than EOCT's 7.93% return.

XTJA

• 1D: 0.52%
• 1M: 1.06%
• 6M: 7.73%
• YTD: 8.75%
• 1Y: 16.25%
• 3Y*: 14.06%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.37%

EOCT

• 1D: 0.23%
• 1M: 0.95%
• 6M: 4.63%
• YTD: 7.93%
• 1Y: 21.16%
• 3Y*: 11.93%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EOCT Innovator Emerging Markets Power Buffer ETF - October	$186.77K	$163.84K	$278.32K
XTJA Innovator U.S. Equity Accelerated Plus ETF - January	$12.92K	$17.73K	$76.25K

XTJA vs. EOCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XTJA Innovator U.S. Equity Accelerated Plus ETF - January	8.75%	13.86%	15.25%	22.33%	-20.72%
EOCT Innovator Emerging Markets Power Buffer ETF - October	7.93%	22.03%	9.66%	6.26%	-10.75%

Correlation

The correlation between XTJA and EOCT is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (All Time) Calculated using the full available price history since Jan 3, 2022	0.61

The correlation between XTJA and EOCT has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.

Return for Risk

XTJA vs. EOCT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XTJA

XTJA Risk / Return Rank: 76
XTJA Sharpe Ratio Rank: 77
XTJA Sortino Ratio Rank: 78
XTJA Omega Ratio Rank: 86
XTJA Calmar Ratio Rank: 56
XTJA Martin Ratio Rank: 82

EOCT

EOCT Risk / Return Rank: 89
EOCT Sharpe Ratio Rank: 90
EOCT Sortino Ratio Rank: 90
EOCT Omega Ratio Rank: 91
EOCT Calmar Ratio Rank: 87
EOCT Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XTJA vs. EOCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) and Innovator Emerging Markets Power Buffer ETF - October (EOCT). 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.

	XTJA	EOCT	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.23	-0.45
Sortino ratio: Return per unit of downside risk	2.55	3.11	-0.57
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	1.99	3.47	-1.48
Martin ratio: Return relative to average drawdown	11.01	13.92	-2.91

XTJA vs. EOCT - Sharpe Ratio Comparison

The current XTJA Sharpe Ratio is 1.78, which is comparable to the EOCT Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of XTJA and EOCT, 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

XTJA vs. EOCT - Drawdown Comparison

The maximum XTJA drawdown since its inception was -26.17%, which is greater than EOCT's maximum drawdown of -20.35%. Use the drawdown chart below to compare losses from any high point for XTJA and EOCT.

Drawdown Indicators

	XTJA	EOCT	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-20.35%	-5.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.62%	-5.93%	-1.69%
Max Drawdown (3Y) Largest decline over 3 years	-17.94%	-8.54%	-9.40%
Current Drawdown Current decline from peak	0.00%	-0.37%	+0.37%
Average Drawdown Average peak-to-trough decline	-6.05%	-5.53%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	1.47%	-0.09%

Volatility

XTJA vs. EOCT - Volatility Comparison

The current volatility for Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) is 1.98%, while Innovator Emerging Markets Power Buffer ETF - October (EOCT) has a volatility of 2.76%. This indicates that XTJA experiences smaller price fluctuations and is considered to be less risky than EOCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTJA	EOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.98%	2.76%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	7.41%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	8.53%	9.23%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	11.26%	+4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.84%	11.26%	+4.58%

XTJA vs. EOCT - Expense Ratio Comparison

XTJA has a 0.79% expense ratio, which is lower than EOCT's 0.89% expense ratio.

Dividends

XTJA vs. EOCT - Dividend Comparison

Neither XTJA nor EOCT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XTJA and EOCT in my portfolio?

XTJA and EOCT have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTJA or EOCT?

EOCT has higher volatility (2.76%) compared to XTJA (1.98%). In terms of maximum drawdown, XTJA dropped -26.17% vs EOCT's -20.35%.

Which ETF is better, XTJA or EOCT?

On 3-year performance, XTJA leads with 14.06% vs 11.93% for EOCT. On fees, XTJA is cheaper at 0.79% per year. On volatility, XTJA has been the lower-risk option at 1.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTJA or EOCT?

Over the 3-year period, XTJA has performed better with a 14.06% return vs 11.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTJA or EOCT?

XTJA is cheaper with a 0.79% expense ratio, compared with 0.89% for EOCT.

Which ETF pays a higher dividend yield, XTJA or EOCT?

XTJA and EOCT have nearly identical dividend yields, around 0.00%.

What is the main difference between XTJA and EOCT?

Their fees differ too: 0.79% for XTJA and 0.89% for EOCT.

Which has better risk-adjusted returns?

EOCT currently has the higher Sharpe Ratio (2.23 vs 1.78), 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.