UOCT vs YMAG
Innovator US Equity Ultra Buffer ETF - October vs YieldMax Magnificent 7 Fund of Option Income ETF
Which is better, UOCT or YMAG?
YMAG has been ahead.
UOCT has a lower expense ratio. YMAG 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 | UOCT | YMAG |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.34% |
| AUM | $200M | $298M |
| Dividend Yield | 0.00% | 52.90% |
| Holdings | 18 | 18 |
| YTD Return | +8.90% | +10.47%Best |
| 1Y Return | +10.51% | +11.86%Best |
| 3Y Return (annualized) | +11.97% | - |
| 5Y Return (annualized) | +8.62% | - |
| Volatility (annualized) | 5.3%Best | 17.4% |
| Max Drawdown | -9.2%Best | -26.0% |
| $10,000 over 2.7 years | $12,944 | $17,623Best |
| Fund Family | Innovator ETFs Trust | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Sep 28, 2018 | Jan 29, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 30, 2024 to Oct 19, 2026 (2.7 years).
UOCT vs YMAG 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 2.7 years both funds cover.
UOCT vs YMAG Performance
Innovator US Equity Ultra Buffer ETF - October (UOCT) is an ETF from Innovator ETFs Trust and YieldMax Magnificent 7 Fund of Option Income ETF (YMAG) is an ETF from YieldMax ETF. Over the past year UOCT returned +10.51% while YMAG returned +11.86%. Year to date, UOCT is up 8.90% versus a gain of 10.47% for YMAG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
YMAG has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 5.3% for UOCT. 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 -9.2% for UOCT and -26.0% for YMAG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
UOCT charges 0.79% per year while YMAG charges 1.34%. On a $10,000 position that is $79 vs $134 annually, a gap of $55 per year that compounds over a long holding period. On income, UOCT currently yields 0.00% against 52.90% for YMAG.
Holdings Overlap
We hold position weights for 1 holding in UOCT and 25 in YMAG, totalling 99.1% and 100.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in UOCT and 25 in YMAG, against full books of 18 and 18.
You are not choosing between two funds in isolation.
Whichever of UOCT and YMAG 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, UOCT or YMAG?
UOCT has an expense ratio of 0.79% while YMAG charges 1.34%. UOCT is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, UOCT or YMAG?
Over the past year UOCT returned +10.51% vs +11.86% for YMAG, so YMAG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, UOCT or YMAG?
YMAG has been the more volatile fund at 17.4% annualized versus 5.3% for UOCT. Worst drawdown: UOCT -9.2% vs YMAG -26.0%.
Should I hold both UOCT and YMAG?
UOCT and YMAG have a monthly-return correlation of 0.80, 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, UOCT or YMAG?
UOCT yields 0.00% while YMAG yields 52.90%, so YMAG currently pays the higher dividend yield.
Is YMAG better than UOCT?
UOCT has a lower expense ratio. YMAG 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.