HOCT vs LOCT
Innovator Premium Income 9 Buffer ETF - October vs Innovator Premium Income 15 Buffer ETF - October
Which is better, HOCT or LOCT?
HOCT has been ahead.
HOCT led over 1Y 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 | HOCT | LOCT |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $6M | $11M |
| Dividend Yield | 6.05% | 5.17% |
| Holdings | 4 | 12 |
| Volatility (annualized) | 2.7%Best | 7.2% |
| Max Drawdown | -8.7%Best | -10.5% |
| $10,000 over 2 years | $10,022Best | $9,934 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 2, 2023 | Oct 2, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 377 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HOCT has data through Oct 1, 2025 and LOCT through Oct 13, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 2, 2023 to Oct 1, 2025 (2 years).
Risk: Volatility and Drawdowns
LOCT has been the more volatile fund, with annualized monthly volatility of 7.2% compared with 2.7% for HOCT. 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 -8.7% for HOCT and -10.5% for LOCT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.16. They move largely independently of each other.
Fees and Cost Over Time
HOCT charges 0.79% per year while LOCT charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, HOCT currently yields 6.05% against 5.17% for LOCT.
You are not choosing between two funds in isolation.
Whichever of HOCT and LOCT 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, HOCT or LOCT?
HOCT has an expense ratio of 0.79% while LOCT charges 0.79%. At the precision these are quoted to, they cost the same.
Which is riskier, HOCT or LOCT?
LOCT has been the more volatile fund at 7.2% annualized versus 2.7% for HOCT. Worst drawdown: HOCT -8.7% vs LOCT -10.5%.
Should I hold both HOCT and LOCT?
HOCT and LOCT have a monthly-return correlation of 0.16, 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, HOCT or LOCT?
HOCT yields 6.05% while LOCT yields 5.17%, so HOCT currently pays the higher dividend yield.
Is LOCT better than HOCT?
HOCT led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.