ZJUN vs. ZOCT
ZJUN (Innovator Equity Defined Protection ETF - 1 Yr June) and ZOCT (Innovator Equity Defined Protection ETF - 1 Yr October) are both Defined Outcome funds from Innovator. Both are actively managed. Over the past year, ZJUN returned 5.70% vs 7.10% for ZOCT. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.
Performance
ZJUN vs. ZOCT - Performance Comparison
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Returns By Period
In the year-to-date period, ZJUN achieves a 1.90% return, which is significantly lower than ZOCT's 2.79% return.
ZJUN
- 1D
- -0.07%
- 1M
- -0.16%
- YTD
- 1.90%
- 6M
- 2.01%
- 1Y
- 5.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZOCT
- 1D
- -0.04%
- 1M
- 0.42%
- YTD
- 2.79%
- 6M
- 2.87%
- 1Y
- 7.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZJUN vs. ZOCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZJUN Innovator Equity Defined Protection ETF - 1 Yr June | 1.90% | 4.15% |
ZOCT Innovator Equity Defined Protection ETF - 1 Yr October | 2.79% | 4.71% |
Correlation
The correlation between ZJUN and ZOCT is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025 | 0.76 |
The correlation between ZJUN and ZOCT has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.
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Return for Risk
ZJUN vs. ZOCT — Risk / Return Rank
ZJUN
ZOCT
ZJUN vs. ZOCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN) and Innovator Equity Defined Protection ETF - 1 Yr October (ZOCT). 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.
| ZJUN | ZOCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.70 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.32 | 4.88 | +0.44 |
| Martin ratioReturn relative to average drawdown | 28.32 | 23.52 | +4.81 |
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Drawdowns
ZJUN vs. ZOCT - Drawdown Comparison
The maximum ZJUN drawdown since its inception was -1.08%, smaller than the maximum ZOCT drawdown of -3.18%. Use the drawdown chart below to compare losses from any high point for ZJUN and ZOCT.
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Drawdown Indicators
| ZJUN | ZOCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.08% | -3.18% | +2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -1.08% | -1.46% | +0.38% |
Current DrawdownCurrent decline from peak | -0.51% | -0.04% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -0.33% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.30% | -0.10% |
Volatility
ZJUN vs. ZOCT - Volatility Comparison
Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN) has a higher volatility of 1.00% compared to Innovator Equity Defined Protection ETF - 1 Yr October (ZOCT) at 0.51%. This indicates that ZJUN's price experiences larger fluctuations and is considered to be riskier than ZOCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZJUN | ZOCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.51% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 1.72% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.04% | 2.20% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.03% | 3.02% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.03% | 3.02% | -0.99% |
ZJUN vs. ZOCT - Expense Ratio Comparison
Both ZJUN and ZOCT have an expense ratio of 0.79%.
Dividends
ZJUN vs. ZOCT - Dividend Comparison
Neither ZJUN nor ZOCT has paid dividends to shareholders.
Frequently Asked Questions
ZJUN and ZOCT have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZJUN has higher volatility (1.00%) compared to ZOCT (0.51%). In terms of maximum drawdown, ZJUN dropped -1.08% vs ZOCT's -3.18%.
On 1-year performance, ZOCT leads with 7.10% vs 5.70% for ZJUN. Both ETFs have the same 0.79% expense ratio. On volatility, ZOCT has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ZOCT has performed better with a 7.10% return vs 5.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ZJUN and ZOCT have the same expense ratio: 0.79% per year.
ZJUN and ZOCT have nearly identical dividend yields, around 0.00%.
ZOCT currently has the higher Sharpe Ratio (3.25 vs 2.81), 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.
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