ARLU vs HOCT
AllianzIM US Equity Buffer15 Uncapped Apr ETF vs Innovator Premium Income 9 Buffer ETF - October
Which is better, ARLU or HOCT?
ARLU has been ahead.
ARLU has a lower expense ratio. ARLU led over 1Y and the full window.
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 | ARLU | HOCT |
|---|---|---|
| Expense Ratio | 0.74%Best | 0.79% |
| AUM | $56M | $6M |
| Dividend Yield | 0.00% | 6.05% |
| Holdings | 12 | 4 |
| Volatility (annualized) | 9.4% | 2.4%Best |
| Max Drawdown | -15.4% | -7.7%Best |
| $10,000 over 1.5 years | $11,955Best | $10,386 |
| Fund Family | AllianzIM | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Mar 28, 2024 | 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 378 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ARLU has data through Oct 14, 2026 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: Apr 1, 2024 to Oct 1, 2025 (1.5 years).
Risk: Volatility and Drawdowns
ARLU has been the more volatile fund, with annualized monthly volatility of 9.4% compared with 2.4% for HOCT. 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 -15.4% for ARLU and -7.7% 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ARLU charges 0.74% per year while HOCT charges 0.79%. On a $10,000 position that is $74 vs $79 annually, a gap of $5 per year that compounds over a long holding period. On income, ARLU currently yields 0.00% against 6.05% for HOCT.
You are not choosing between two funds in isolation.
Whichever of ARLU 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, ARLU or HOCT?
ARLU has an expense ratio of 0.74% while HOCT charges 0.79%. ARLU is the cheaper option, by $5 a year on a $10,000 investment.
Which is riskier, ARLU or HOCT?
ARLU has been the more volatile fund at 9.4% annualized versus 2.4% for HOCT. Worst drawdown: ARLU -15.4% vs HOCT -7.7%.
Should I hold both ARLU and HOCT?
ARLU and HOCT have a monthly-return correlation of 0.79, 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, ARLU or HOCT?
ARLU yields 0.00% while HOCT yields 6.05%, so HOCT currently pays the higher dividend yield.
Is HOCT better than ARLU?
ARLU has a lower expense ratio. ARLU led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.