OCTJ vs QQQY
Innovator Premium Income 30 Barrier ETF - October vs Defiance Nasdaq 100 Weekly Distribution ETF
Which is better, OCTJ or QQQY?
QQQY has been ahead.
OCTJ has a lower expense ratio. QQQY 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 | OCTJ | QQQY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.01% |
| AUM | $15M | $192M |
| Dividend Yield | 5.32% | 33.38% |
| Holdings | 18 | 10 |
| YTD Return | -0.13% | +17.03%Best |
| 1Y Return | +0.46% | +20.86%Best |
| 3Y Return (annualized) | +3.98% | +28.44%Best |
| Volatility (annualized) | 2.2%Best | 15.5% |
| Max Drawdown | -5.3%Best | -12.6% |
| $10,000 over 3 years | $11,284 | $21,223Best |
| Fund Family | Innovator ETFs Trust | Defiance ETFs, LLC |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 2, 2023 | Sep 13, 2023 |
Not shown on this pair: 5Y Return (annualized), 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).
OCTJ vs QQQY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
OCTJ vs QQQY Performance
Innovator Premium Income 30 Barrier ETF - October (OCTJ) is an ETF from Innovator ETFs Trust and Defiance Nasdaq 100 Weekly Distribution ETF (QQQY) is an ETF from Defiance ETFs, LLC. Over the past year OCTJ returned +0.46% while QQQY returned +20.86%. Year to date, OCTJ is down 0.13% versus a gain of 17.03% for QQQY.
Over three years, OCTJ compounded at +3.98% per year against +28.44% for QQQY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQY has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -5.3% for OCTJ and -12.6% for QQQY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OCTJ charges 0.79% per year while QQQY charges 1.01%. On a $10,000 position that is $79 vs $101 annually, a gap of $22 per year that compounds over a long holding period. On income, OCTJ currently yields 5.32% against 33.38% for QQQY.
You are not choosing between two funds in isolation.
Whichever of OCTJ and QQQY 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, OCTJ or QQQY?
OCTJ has an expense ratio of 0.79% while QQQY charges 1.01%. OCTJ is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, OCTJ or QQQY?
Over the past year OCTJ returned +0.46% vs +20.86% for QQQY, so QQQY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OCTJ or QQQY?
QQQY has been the more volatile fund at 15.5% annualized versus 2.2% for OCTJ. Worst drawdown: OCTJ -5.3% vs QQQY -12.6%.
Should I hold both OCTJ and QQQY?
OCTJ and QQQY have a monthly-return correlation of 0.56, 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, OCTJ or QQQY?
OCTJ yields 5.32% while QQQY yields 33.38%, so QQQY currently pays the higher dividend yield.
Is QQQY better than OCTJ?
OCTJ has a lower expense ratio. QQQY 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.