OCTH vs SPY
Innovator Premium Income 20 Barrier ETF - October vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | OCTH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $18M | $821.1B | |
| Dividend Yield | 6.15% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | +1.04% | +13.47% | |
| 1Y Return | +1.72% | +20.57% | |
| 3Y Return (annualized) | +0.57% | +21.83% | |
| 5Y Return (annualized) | - | +12.88% | |
| Volatility (annualized) | 3.3% | 15.3% | |
| Max Drawdown | -13.6% | -56.5% | |
| Fund Family | Innovator ETFs Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 2, 2023 | Jan 22, 1993 |
OCTH vs SPY Performance
Innovator Premium Income 20 Barrier ETF - October (OCTH) is a ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OCTH returned +1.72% while SPY returned +20.57%. Year to date, OCTH is up 1.04% versus a gain of 13.47% for SPY.
Over three years, OCTH compounded at +0.57% per year against +21.83% for SPY. Across the full 3-year window we track, SPY has the edge at +8.83% annualized vs +0.57%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.3% for OCTH. 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 -13.6% for OCTH and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OCTH charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, OCTH currently yields 6.15% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, OCTH or SPY?
OCTH has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, OCTH or SPY?
Over the past year OCTH returned +1.72% vs +20.57% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), OCTH annualized +0.57% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, OCTH or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.3% for OCTH. Worst drawdown: OCTH -13.6% vs SPY -56.5%.
Should I hold both OCTH and SPY?
OCTH and SPY have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, OCTH or SPY?
OCTH yields 6.15% while SPY yields 1.01%, so OCTH currently pays the higher dividend yield.
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