NOCT vs QTAP
Innovator Growth-100 Power Buffer ETF - October vs Innovator Growth Accelerated Plus ETF - April
Which is better, NOCT or QTAP?
QTAP has been ahead.
QTAP led over 1Y, 3Y, 5Y 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 | NOCT | QTAP |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $314M | $20M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 14 |
| YTD Return | +10.90% | +18.66%Best |
| 1Y Return | +13.40% | +21.94%Best |
| 3Y Return (annualized) | +14.09% | +20.44%Best |
| 5Y Return (annualized) | +10.19% | +12.86%Best |
| Volatility (annualized) | 9.3%Best | 15.8% |
| Max Drawdown | -16.2%Best | -29.4% |
| $10,000 over 5 years | $16,245 | $18,311Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 1, 2019 | Mar 31, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 1, 2021 to Oct 14, 2026 (5.5 years).
NOCT vs QTAP 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 5.5 years both funds cover.
NOCT vs QTAP Performance
Innovator Growth-100 Power Buffer ETF - October (NOCT) is an ETF from Innovator ETFs Trust and Innovator Growth Accelerated Plus ETF - April (QTAP) is an ETF from Innovator ETFs Trust. Over the past year NOCT returned +13.40% while QTAP returned +21.94%. Year to date, NOCT is up 10.90% versus a gain of 18.66% for QTAP.
Over three years, NOCT compounded at +14.09% per year against +20.44% for QTAP; over five years the annualized figures are +10.19% and +12.86% respectively. Across the full 6-year window we track, QTAP has the edge at +13.77% annualized vs +10.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QTAP has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 9.3% for NOCT. 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 -16.2% for NOCT and -29.4% for QTAP. 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
NOCT charges 0.79% per year while QTAP charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, NOCT currently yields 0.00% against 0.00% for QTAP.
You are not choosing between two funds in isolation.
Whichever of NOCT and QTAP 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, NOCT or QTAP?
NOCT has an expense ratio of 0.79% while QTAP charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, NOCT or QTAP?
Over the past year NOCT returned +13.40% vs +21.94% for QTAP, so QTAP leads on 1-year performance. Over the longest common window we track (6 years), NOCT annualized +10.39% vs +13.77% for QTAP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NOCT or QTAP?
QTAP has been the more volatile fund at 15.8% annualized versus 9.3% for NOCT. Worst drawdown: NOCT -16.2% vs QTAP -29.4%.
Should I hold both NOCT and QTAP?
NOCT and QTAP 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, NOCT or QTAP?
NOCT yields 0.00% while QTAP yields 0.00%, so QTAP currently pays the higher dividend yield.
Is QTAP better than NOCT?
QTAP led over 1Y, 3Y, 5Y 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.