Innovator U.S. Small Cap Power Buffer ETF
$37.62−0.07 (−0.19%)
- 0.79%
- $167M
- +14.8%
- 0.00%
- 0M sh
- $37.75
- low $32.13high $38.96
The ETF.net KOCT Grade
C
Score 52 out of 100
- 5 of 21
Score 52 of 100 falls in the C 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.D35 out of 100Rank 9 of 21Mission
Whether the fund did what it promised, tested against its stated mandate.A89 out of 100Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C47 out of 100Rank 10 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A82 out of 100Rank 1 of 21Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A84 out of 100Rank 4 of 21
Our read on KOCT
CSmall-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.
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 Holdings
- Stocks
- 3
- 105%
- Iwm 09/30/2027 2.78 C
Sectors
- Health Care20.9%
- Financials18.0%
- Technology14.4%
- Industrials13.4%
- Consumer Discretionary8.6%
- Real Estate6.5%
- Energy6.3%
- Materials4.3%
- Utilities2.7%
- Consumer Staples2.6%
- Communication2.3%
KOCT Performance
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$11,480
Returns run to the Oct 12, 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.
| Period | KOCT |
|---|---|
| Year to date | +11.9% |
| 1 month | −0.7% |
| 3 months | +0.8% |
| 1 year | +14.8% |
| 3 years | +14.2% |
| 5 years | +6.8% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | KOCT |
|---|---|---|
| 2026 YTD | +11.9% | |
| 2025 | +10.1% | |
| 2024 | +11.1% | |
| 2023 | +9.0% | |
| 2022 | −7.9% | |
| 2021 | +5.7% | |
| 2020 | +2.6% |
KOCT in the news
KOCT Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
KOCT Risk
- 9.2%
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.
- 0.95
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.
- −16.6%
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.
- 0.69
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
KOCT Cost
0.79%
KOCT0.79%
- The middle half of Russell 2000 Buffer 15% funds
- Median 0.74%
8 of the 14 Russell 2000 Buffer 15% funds charge less.
Other funds in Russell 2000 Buffer 15%
- BQBKFAIM ETF Products Trust - Allianzim U.S. Small Cap Buffer15 ETFExpense ratio 0.74%1 year return —
- BQBKVAIM ETF Products Trust - Allianzim U.S. Small Cap Buffer5 ETFExpense ratio 0.74%1 year return —
- CKAPRInnovator U.S. Small Cap Power Buffer ETF - AprilExpense ratio 0.79%1 year return +16.0%
- CKJULInnovator Russell 2000 Power Buffer ETF - JulyExpense ratio 0.79%1 year return +7.1%
- CKJANInnovator U.S. Small Cap Power Buffer ETF - JanuaryExpense ratio 0.79%1 year return +14.2%