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ETFs

Innovator International Developed Power Buffer ETF-October

IOCT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 30 2021
Expense Ratio
0.85%
Type
Global Ex. US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$226,587
AUM
$90,557,000
Associated Index
iShares MSCI EAFE ETF
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
EFA 09/29/2023 0.56 C
100.54%
n/a
Cash & Other
0.11%
n/a
EFA 09/29/2023 56.01 P
0.03%
n/a
EFA 09/29/2023 47.61 P
-0.02%
n/a
EFA 09/29/2023 70.15 C
-0.66%
Invest with IOCT

What is IOCT?

The Innovator International Developed Power Buffer ETF seeks to track the return of the iShares MSCI EAFE ETF (EFA), up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of buffers against loss. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

ETFs related toIOCT

ETFs correlated to IOCT include SPEU, IEV, VGK

IOCT
Innovator ETFs Trust - Innovator International Developed Power Buffer ETF - October
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIOCT

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IOCT using Composer

FAQ

IOCT is a Global Ex. US Equities ETF. The Innovator International Developed Power Buffer ETF seeks to track the return of the iShares MSCI EAFE ETF (EFA), up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of buffers against loss. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

IOCT tracks the iShares MSCI EAFE ETF.

No, IOCT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IOCT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IOCT is 0.0124%. This is the percent change in the value of IOCT over the most recent 1-month period. The 3-month return on IOCT is 0.0199%. This is the percent change in the value of IOCT over the most recent 3-month period.

The standard deviation of IOCT for the past year is 0.0921%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IOCT include YSEP, YMAR, and YJUN.

ETFs correlated to IOCT include SPEU, IEV, and VGK.

ETFs that are inversely correlated to IOCT include EPV, EFZ, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.