BNOV vs OCTJ
Innovator US Equity Buffer ETF - November vs Innovator Premium Income 30 Barrier ETF - October
Which is better, BNOV or OCTJ?
BNOV has been ahead.
BNOV led over 1Y, 3Y 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 | BNOV | OCTJ |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $201M | $15M |
| Dividend Yield | 0.00% | 5.32% |
| Holdings | 18 | 18 |
| YTD Return | +11.13%Best | -0.13% |
| 1Y Return | +13.58%Best | +0.46% |
| 3Y Return (annualized) | +13.95%Best | +3.98% |
| 5Y Return (annualized) | +8.95% | - |
| Volatility (annualized) | 7.9% | 2.2%Best |
| Max Drawdown | -13.7% | -5.3%Best |
| $10,000 over 3 years | $15,035Best | $11,284 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Nov 1, 2019 | Oct 2, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 2, 2023 to Oct 14, 2026 (3 years).
BNOV vs OCTJ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
BNOV vs OCTJ Performance
Innovator US Equity Buffer ETF - November (BNOV) is an ETF from Innovator ETFs Trust and Innovator Premium Income 30 Barrier ETF - October (OCTJ) is an ETF from Innovator ETFs Trust. Over the past year BNOV returned +13.58% while OCTJ returned +0.46%. Year to date, BNOV is up 11.13% versus a loss of 0.13% for OCTJ.
Over three years, BNOV compounded at +13.95% per year against +3.98% for OCTJ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BNOV has been the more volatile fund, with annualized monthly volatility of 7.9% compared with 2.2% for OCTJ. 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 -13.7% for BNOV and -5.3% for OCTJ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BNOV charges 0.79% per year while OCTJ charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, BNOV currently yields 0.00% against 5.32% for OCTJ.
You are not choosing between two funds in isolation.
Whichever of BNOV and OCTJ 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, BNOV or OCTJ?
BNOV has an expense ratio of 0.79% while OCTJ charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, BNOV or OCTJ?
Over the past year BNOV returned +13.58% vs +0.46% for OCTJ, so BNOV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BNOV or OCTJ?
BNOV has been the more volatile fund at 7.9% annualized versus 2.2% for OCTJ. Worst drawdown: BNOV -13.7% vs OCTJ -5.3%.
Should I hold both BNOV and OCTJ?
BNOV and OCTJ have a monthly-return correlation of 0.78, 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, BNOV or OCTJ?
BNOV yields 0.00% while OCTJ yields 5.32%, so OCTJ currently pays the higher dividend yield.
Is OCTJ better than BNOV?
BNOV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.