XXXX vs. POCT
Compare and contrast key facts about MAX S&P 500 4X Leveraged ETN (XXXX) and Innovator U.S. Equity Power Buffer ETF - October (POCT).
XXXX and POCT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XXXX is a passively managed fund by Max that tracks the performance of the S&P 500. It was launched on Dec 4, 2023. 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 XXXX 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: XXXX or POCT.
Correlation
The correlation between XXXX and POCT is 0.83, 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
XXXX vs. POCT - Performance Comparison
Key characteristics
XXXX:
1.53
POCT:
2.31
XXXX:
1.96
POCT:
3.25
XXXX:
1.27
POCT:
1.52
XXXX:
2.42
POCT:
5.49
XXXX:
8.24
POCT:
24.24
XXXX:
9.41%
POCT:
0.43%
XXXX:
50.73%
POCT:
4.57%
XXXX:
-31.99%
POCT:
-18.80%
XXXX:
-10.27%
POCT:
-0.20%
Returns By Period
In the year-to-date period, XXXX achieves a 5.65% return, which is significantly higher than POCT's 0.96% return.
XXXX
5.65%
1.17%
11.17%
64.02%
N/A
N/A
POCT
0.96%
0.93%
3.71%
9.57%
9.48%
N/A
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XXXX vs. POCT - Expense Ratio Comparison
XXXX has a 2.95% expense ratio, which is higher than POCT's 0.79% expense ratio.
Risk-Adjusted Performance
XXXX vs. POCT — Risk-Adjusted Performance Rank
XXXX
POCT
XXXX vs. POCT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) 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
XXXX vs. POCT - Dividend Comparison
Neither XXXX nor POCT has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
XXXX MAX S&P 500 4X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
POCT Innovator U.S. Equity Power Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.21% |
Drawdowns
XXXX vs. POCT - Drawdown Comparison
The maximum XXXX drawdown since its inception was -31.99%, which is greater than POCT's maximum drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for XXXX and POCT. For additional features, visit the drawdowns tool.
Volatility
XXXX vs. POCT - Volatility Comparison
MAX S&P 500 4X Leveraged ETN (XXXX) has a higher volatility of 20.34% compared to Innovator U.S. Equity Power Buffer ETF - October (POCT) at 2.56%. This indicates that XXXX's price experiences larger fluctuations and is considered to be riskier than POCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.