LOCT vs PBNV
Innovator Premium Income 15 Buffer ETF - October vs PGIM S&P 500 Buffer 20 ETF - November
Which is better, LOCT or PBNV?
PBNV has been ahead.
PBNV has a lower expense ratio. PBNV 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 | LOCT | PBNV |
|---|---|---|
| Expense Ratio | 0.79% | 0.50%Best |
| AUM | $11M | $37M |
| Dividend Yield | 5.17% | 0.00% |
| Holdings | 12 | 14 |
| YTD Return | -0.04% | +9.22%Best |
| 1Y Return | +1.12% | +10.83%Best |
| 3Y Return (annualized) | -0.03% | - |
| Volatility (annualized) | 1.7%Best | 4.8% |
| Max Drawdown | -4.7%Best | -8.4% |
| $10,000 over 2.4 years | $10,848 | $12,849Best |
| Fund Family | Innovator ETFs Trust | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 2, 2023 | May 22, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 22, 2024 to Oct 13, 2026 (2.4 years).
LOCT vs PBNV 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 2.4 years both funds cover.
LOCT vs PBNV Performance
Innovator Premium Income 15 Buffer ETF - October (LOCT) is an ETF from Innovator ETFs Trust and PGIM S&P 500 Buffer 20 ETF - November (PBNV) is an ETF from PGIM Investments. Over the past year LOCT returned +1.12% while PBNV returned +10.83%. Year to date, LOCT is down 0.04% versus a gain of 9.22% for PBNV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBNV has been the more volatile fund, with annualized monthly volatility of 4.8% compared with 1.7% for LOCT. 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 -4.7% for LOCT and -8.4% for PBNV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LOCT charges 0.79% per year while PBNV charges 0.50%. On a $10,000 position that is $79 vs $50 annually, a gap of $29 per year that compounds over a long holding period. On income, LOCT currently yields 5.17% against 0.00% for PBNV.
You are not choosing between two funds in isolation.
Whichever of LOCT and PBNV 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, LOCT or PBNV?
LOCT has an expense ratio of 0.79% while PBNV charges 0.50%. PBNV is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, LOCT or PBNV?
Over the past year LOCT returned +1.12% vs +10.83% for PBNV, so PBNV leads on 1-year performance. Over the longest common window we track (2 years), LOCT annualized +3.45% vs +11.01% for PBNV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LOCT or PBNV?
PBNV has been the more volatile fund at 4.8% annualized versus 1.7% for LOCT. Worst drawdown: LOCT -4.7% vs PBNV -8.4%.
Should I hold both LOCT and PBNV?
LOCT and PBNV have a monthly-return correlation of 0.77, 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, LOCT or PBNV?
LOCT yields 5.17% while PBNV yields 0.00%, so LOCT currently pays the higher dividend yield.
Is PBNV better than LOCT?
PBNV has a lower expense ratio. PBNV 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.