Skip to Content
ETFs

Innovator U.S. Equity Ultra Buffer ETF - October

UOCT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 01 2018
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$269,897
AUM
$82,080,000
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 09/29/2023 3.56 C
103.13%
n/a
Cash & Other
0.13%
n/a
SPY 09/29/2023 339.32 P
0.01%
n/a
SPY 09/29/2023 232.17 P
-0.01%
n/a
SPY 09/29/2023 418.22 C
-3.26%
Invest with UOCT

What is UOCT?

The Innovator S&P 500 Ultra Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against losses from -5% to -35% over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. The Cboe S&P 500 30% (-5% to -35%) Buffer Protect Index Series (the "Indices") are part of a family of Target Outcome Indices. The Indices are designed to provide target outcome returns to the US domestic stock market. The Indices measures the performance of a portfolio of hypothetical exchange traded Flexible Exchange Options ("FLEX Options") that are based on the S&P 500 Index. Each series in the index is designed to track the returns of a hypothetical investment that over a period of approximately one year seeks to "buffer protect" against losses of 30% after the first 5% of losses due to a decline in the S&P 500 Index while providing participation up to a capped level. The capped level is determined on each annual roll date such that there is no premium or discount to enter into the hypothetical investment compared to an investment in the Index. The Index Series comprises 4 quarterly series.

ETFs related toUOCT

ETFs correlated to UOCT include POCT, SCHB, LRGF

UOCT
Innovator ETFs Trust - Innovator U.S. Equity Ultra Buffer ETF - October
POCT
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - October
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap 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 toUOCT

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with UOCT using Composer

FAQ

UOCT is a US Equities ETF. The Innovator S&P 500 Ultra Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against losses from -5% to -35% over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. The Cboe S&P 500 30% (-5% to -35%) Buffer Protect Index Series (the "Indices") are part of a family of Target Outcome Indices. The Indices are designed to provide target outcome returns to the US domestic stock market. The Indices measures the performance of a portfolio of hypothetical exchange traded Flexible Exchange Options ("FLEX Options") that are based on the S&P 500 Index. Each series in the index is designed to track the returns of a hypothetical investment that over a period of approximately one year seeks to "buffer protect" against losses of 30% after the first 5% of losses due to a decline in the S&P 500 Index while providing participation up to a capped level. The capped level is determined on each annual roll date such that there is no premium or discount to enter into the hypothetical investment compared to an investment in the Index. The Index Series comprises 4 quarterly series.

UOCT tracks the S&P 500 Index.

No, UOCT 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, UOCT 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 UOCT is 0.0116%. This is the percent change in the value of UOCT over the most recent 1-month period. The 3-month return on UOCT is 0.0259%. This is the percent change in the value of UOCT over the most recent 3-month period.

The standard deviation of UOCT for the past year is 0.0633%. 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 UOCT include UAUG, IVV, and UPRO.

ETFs correlated to UOCT include POCT, SCHB, and LRGF.

ETFs that are inversely correlated to UOCT include SPXU, SDS, 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.