PNOV vs XTOC
Innovator US Equity Power Buffer ETF - November vs Innovator US Equity Accelerated Plus ETF - October
Which is better, PNOV or XTOC?
XTOC has been ahead.
XTOC led over 1Y, 3Y, 5Y 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 | PNOV | XTOC |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $838M | $16M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 15 |
| YTD Return | +9.87% | +11.90%Best |
| 1Y Return | +11.76% | +15.83%Best |
| 3Y Return (annualized) | +11.02% | +14.53%Best |
| 5Y Return (annualized) | +8.54% | +8.73%Best |
| Volatility (annualized) | 8.4%Best | 12.8% |
| Max Drawdown | -10.6%Best | -24.1% |
| $10,000 over 5 years | $15,064 | $15,197Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 31, 2019 | Sep 30, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 1, 2021 to Oct 14, 2026 (5 years).
PNOV vs XTOC 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 years both funds cover.
PNOV vs XTOC Performance
Innovator US Equity Power Buffer ETF - November (PNOV) is an ETF from Innovator ETFs Trust and Innovator US Equity Accelerated Plus ETF - October (XTOC) is an ETF from Innovator ETFs Trust. Over the past year PNOV returned +11.76% while XTOC returned +15.83%. Year to date, PNOV is up 9.87% versus a gain of 11.90% for XTOC.
Over three years, PNOV compounded at +11.02% per year against +14.53% for XTOC; over five years the annualized figures are +8.54% and +8.73% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XTOC has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 8.4% for PNOV. 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 -10.6% for PNOV and -24.1% for XTOC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PNOV charges 0.79% per year while XTOC charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, PNOV currently yields 0.00% against 0.00% for XTOC.
You are not choosing between two funds in isolation.
Whichever of PNOV and XTOC 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, PNOV or XTOC?
PNOV has an expense ratio of 0.79% while XTOC charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, PNOV or XTOC?
Over the past year PNOV returned +11.76% vs +15.83% for XTOC, so XTOC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PNOV or XTOC?
XTOC has been the more volatile fund at 12.8% annualized versus 8.4% for PNOV. Worst drawdown: PNOV -10.6% vs XTOC -24.1%.
Should I hold both PNOV and XTOC?
PNOV and XTOC have a monthly-return correlation of 0.87, 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, PNOV or XTOC?
PNOV yields 0.00% while XTOC yields 0.00%, so XTOC currently pays the higher dividend yield.
Is XTOC better than PNOV?
XTOC led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.