INOV vs IOCT
Innovator International Developed Power Buffer ETF - November vs Innovator International Developed Power Buffer ETF - October
Which is better, INOV or IOCT?
Each has led over a different period.
INOV led over 3Y, IOCT over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | INOV | IOCT |
|---|---|---|
| Expense Ratio | 0.85%Tie | 0.85%Tie |
| AUM | $36M | $191M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 12 | 18 |
| YTD Return | +5.04% | +7.32%Best |
| 1Y Return | +8.95% | +10.17%Best |
| 3Y Return (annualized) | +13.42%Best | +12.82% |
| 5Y Return (annualized) | - | +8.28% |
| Volatility (annualized) | 6.5% | 6.3%Best |
| Max Drawdown | -8.0% | -7.5%Best |
| $10,000 over 3 years | $14,590 | $14,648Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Nov 1, 2023 | Oct 1, 2021 |
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: Nov 1, 2023 to Oct 14, 2026 (3 years).
INOV vs IOCT 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.
INOV vs IOCT Performance
Innovator International Developed Power Buffer ETF - November (INOV) is an ETF from Innovator ETFs Trust and Innovator International Developed Power Buffer ETF - October (IOCT) is an ETF from Innovator ETFs Trust. Over the past year INOV returned +8.95% while IOCT returned +10.17%. Year to date, INOV is up 5.04% versus a gain of 7.32% for IOCT.
Over three years, INOV compounded at +13.42% per year against +12.82% for IOCT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INOV has been the more volatile fund, with annualized monthly volatility of 6.5% compared with 6.3% for IOCT. 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 -8.0% for INOV and -7.5% for IOCT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
INOV charges 0.85% per year while IOCT charges 0.85%. On a $10,000 position that is $85 vs $85 annually. On income, INOV currently yields 0.00% against 0.00% for IOCT.
You are not choosing between two funds in isolation.
Whichever of INOV and IOCT 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, INOV or IOCT?
INOV has an expense ratio of 0.85% while IOCT charges 0.85%. At the precision these are quoted to, they cost the same.
Which performed better, INOV or IOCT?
Over the past year INOV returned +8.95% vs +10.17% for IOCT, so IOCT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INOV or IOCT?
INOV has been the more volatile fund at 6.5% annualized versus 6.3% for IOCT. Worst drawdown: INOV -8.0% vs IOCT -7.5%.
Should I hold both INOV and IOCT?
INOV and IOCT have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, INOV or IOCT?
INOV yields 0.00% while IOCT yields 0.00%, so IOCT currently pays the higher dividend yield.
Is IOCT better than INOV?
INOV led over 3Y, IOCT over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.