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Launched

Innovator U.S. Small Cap Power Buffer ETF

KOCTCboeInnovatorB

$37.27−0.96 (−2.51%)

At close: Nov 5, 2026, 4:00 PM ET

B57/ 100

Rank 3 of 21 in Russell 2000 Buffer 15%

B57/100Rank 3 of 21inRussell 2000 Buffer 15%
Intraday session: down, 78 prints from 38.23 to 37.27. Range 37.23 to 38.26. Use the arrow keys to read each point.37.4037.6037.8038.0010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$173M
1Y total return
+12.4%
Yield · Last 12 months
0.00%
Holdings
3
Avg volume · 30D
29.1K sh
52W range
low $32.13high $38.96
Launched

The ETF.net KOCT Grade

Based on 5 of 6 pillars

B

Score 57 out of 100

Category
Russell 2000 Buffer 15%⁠
Rank
3 of 21
Six-pillar profile for KOCT. Scores out of 100: Cost 40, Risk 59, Mission 89, Tradability 81, Holdings not scored, Durability 87. Strongest: Mission (89). Weakest: Cost (40). Based on 5 of 6 pillars.

Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C40 out of 100
    Rank 8 of 21

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A89 out of 100
    No data

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 5 of 21

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A81 out of 100
    Rank 1 of 21

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A87 out of 100
    Rank 2 of 21

Our read on KOCT

ETF.net Research

In short

BSmall-cap exposure with a seatbelt. KOCT tracks IWM up to a yearly cap while absorbing the first 15% of losses, resetting each October 1. A 2019 original in a corner where most buffer funds are built on the S&P 500.

Stated mandate

The Fund seeks to track the return of the iShares Russell 2000 ETF, subject to a predetermined upside cap, while protecting against the first 15% of losses during the outcome period.

Why people hold it

  • The contract is plain: track the iShares Russell 2000 ETF up to a preset cap, with the first 15% of losses over the one-year outcome period absorbed first.innovatoretfs.com
  • Rare air: it listed October 1, 2019 in Innovator's first small-cap buffer wave. Most defined-outcome ETFs wrap the S&P 500, not the Russell 2000.accessnewswire.com
  • Fee lands at 0.79%, the middle of its small-cap buffer group, and the fund rates in the upper half of that group on our review.
  • You pick your calendar. This is the October reset; siblings KJAN, KAPR and KJUL run the same 15% buffer off other quarters.

Worth knowing

  • The cap is the price of the cushion. A blistering small-cap year gets trimmed, and the cap is reset for each new outcome period starting October 1.
  • Timing matters: Innovator notes the stated outcomes apply to holders from the first day of the outcome period through the last. Buy mid-period and your own cap and buffer differ.innovatoretfs.com
  • Trading is light versus mainstream small-cap funds, and the options-based structure isn't built to throw off income.

KOCT Performance

Launched Oct 1, 2019

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
KOCT$11,239
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. KOCT $11,239. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for KOCT. Periods over one year show the average yearly return.
PeriodKOCT
Year to date+10.7%
1 month−2.0%
3 months−1.5%
1 year+12.4%
3 yearsper year+13.4%
5 yearsper year+5.8%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for KOCT
YearReturn barKOCT
2026 YTD+10.7%
2025+10.1%
2024+11.1%
2023+9.0%
2022−7.9%
2021+5.7%
2020+2.6%

KOCT in the news

KOCT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 5, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2019

One bar per payment. 1 payment in 2019. Nov 19, 2019 $0.20. Use the arrow keys to read each point.2019
Ex-datePay dateAmount per share
Nov 19, 2019Nov 21, 2019$0.20

KOCT Risk

Risk pillarB59 out of 100Rank 5 of 21 in Russell 2000 Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
8.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.17
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−16.6%
Trough Jun 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.63
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

KOCT Cost

Compare KOCT and SCAU

Overpaying vs SCAU, tied cheapest in Russell 2000 Buffer 15%

$9,025

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • KOCT 0.79%

    $15,174

  • SCAU 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • KOCT 0.79%
  • SCAU 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530KOCT $15,174SCAU $6,149

Year by year

YearKOCTSCAUOverpaying
10$1,405$545$860
20$5,331$2,113$3,218
30$15,174$6,149$9,025

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