APRQ vs HOCT
Innovator Premium Income 40 Barrier ETF - April vs Innovator Premium Income 9 Buffer ETF - October
Which is better, APRQ or HOCT?
Each has led over a different period.
APRQ led over the full window, HOCT over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | APRQ | HOCT |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $18M | $6M |
| Dividend Yield | 5.07% | 6.05% |
| Holdings | 5 | 4 |
| Volatility (annualized) | 1.9%Best | 2.7% |
| Max Drawdown | -1.7%Best | -8.7% |
| $10,000 over 1.5 years | $10,545Best | $9,910 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 3, 2023 | Oct 2, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 183 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. APRQ has data through Apr 1, 2025 and HOCT through Oct 1, 2025.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Oct 2, 2023 to Apr 1, 2025 (1.5 years).
Risk: Volatility and Drawdowns
HOCT has been the more volatile fund, with annualized monthly volatility of 2.7% compared with 1.9% for APRQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -1.7% for APRQ and -8.7% for HOCT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
APRQ charges 0.79% per year while HOCT charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, APRQ currently yields 5.07% against 6.05% for HOCT.
You are not choosing between two funds in isolation.
Whichever of APRQ and HOCT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, APRQ or HOCT?
APRQ has an expense ratio of 0.79% while HOCT charges 0.79%. At the precision these are quoted to, they cost the same.
Which is riskier, APRQ or HOCT?
HOCT has been the more volatile fund at 2.7% annualized versus 1.9% for APRQ. Worst drawdown: APRQ -1.7% vs HOCT -8.7%.
Should I hold both APRQ and HOCT?
APRQ and HOCT have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, APRQ or HOCT?
APRQ yields 5.07% while HOCT yields 6.05%, so HOCT currently pays the higher dividend yield.
Is HOCT better than APRQ?
APRQ led over the full window, HOCT over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.