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Launched

Innovator Growth-100 Power Buffer ETF

NOCTCboeInnovatorC

$63.77+0.17 (+0.28%)

As of Oct 21, 2026, 10:30 AM ET

C53/ 100

Rank 5 of 20 in Nasdaq-100 Buffer 15%

C53/100Rank 5 of 20inNasdaq-100 Buffer 15%
Intraday session: up, 13 prints from 63.59 to 63.77. Range 63.72 to 63.81. Use the arrow keys to read each point.63.6563.7063.8010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$313M
1Y total return
+11.0%
Yield · Last 12 months
0.00%
Holdings
3
Avg volume · 30D
31.6K sh
NAV per share
$63.62
52W range
low $55.21high $65.43
Launched

The ETF.net NOCT Grade

Based on 5 of 6 pillars

C

Score 53 out of 100

Category
Nasdaq-100 Buffer 15%⁠
Rank
5 of 20
Six-pillar profile for NOCT. Scores out of 100: Cost 39, Risk 46, Mission 93, Tradability 78, Holdings not scored, Durability 91. Strongest: Mission (93). Weakest: Cost (39). Based on 5 of 6 pillars.

Score 53 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.
    D39 out of 100
    Rank 8 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A93 out of 100
    Not ranked

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 12 of 19

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A78 out of 100
    Rank 3 of 20

  • 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.
    A91 out of 100
    Rank 1 of 20

Our read on NOCT

ETF.net Research

In short

CNasdaq-100 exposure with a 15% airbag: over each one-year outcome period starting October 1, the fund absorbs the first 15% of the reference ETF's decline and gives up gains above a cap in return.

Stated mandate

The Fund uses a defined-outcome strategy based on the Nasdaq-100 exposure of QQQ. It seeks to replicate the underlying ETF’s performance over the outcome period, subject to a capped upside and a 15% downside buffer.

Why people hold it

  • The deal is written into the prospectus: a 15% buffer against the reference Nasdaq-100 ETF's losses over each outcome period, paid for with a capped upside, reset every October 1.innovatoretfs.com
  • Live since October 2019, so the reset-and-cap machinery has years of real market cycles behind it rather than a backtest.
  • At 0.79%, the fee sits at the median for Nasdaq-100 buffer funds. The defined-outcome plumbing costs no premium versus the cohort.
  • An October start date makes this the autumn rung for anyone spreading buffer exposure across reset months instead of concentrating on one date.

Worth knowing

  • Thinly traded, so spreads and limit orders matter more here than with the big plain-index funds.
  • 0.79% is not the cohort floor: PBQQ runs 0.50% and the Calamos Nasdaq-100 protection funds 0.69%, on different protection terms.
  • Buffer and cap are measured across the full outcome period. Enter mid-period and your effective buffer and remaining upside differ from the stated terms.innovatoretfs.com

NOCT Holdings

As of Oct 20, 2026
Asset class
Stocks
Holdings
3
Top-10 weight
106%
Largest holding
Qqq 09/30/2027 7.4 C97.6%

Sectors

  • Technology58.0%
  • Communication14.5%
  • Consumer Discretionary11.6%
  • Consumer Staples6.6%
  • Health Care3.7%
  • Industrials2.6%
  • Utilities1.2%
  • Materials1.0%
  • Energy0.5%
  • Financials0.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1—Qqq 09/30/2027 7.4 C97.57%4,346$308M1
2—Qqq 09/30/2027 739.77 P7.94%4,346$25M1
3—Us Bank Mmda - Usbgfs 9 09/01/20370.98%3,093,885$3.09M163

Showing 1–3 of 3 holdings

NOCT 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.
NOCT$11,104
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,580
Oct 20, 2025 to Oct 20, 2026. NOCT $11,104. SPY $11,580. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 20, 2025 – Oct 20, 2026

Returns run to the Oct 20, 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 NOCT. Periods over one year show the average yearly return.
PeriodNOCT
Year to date+9.8%
1 month−1.0%
3 months+2.5%
1 year+11.0%
3 yearsper year+14.5%
5 yearsper year+9.8%
10 yearsFund is under 10 years oldper year—

As of the close, 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 NOCT
YearReturn barNOCT
2026 YTD+9.8%
2025+12.8%
2024+12.1%
2023+30.7%
2022−13.4%
2021+12.1%
2020+11.6%

NOCT in the news

Filtered to NOCT · Nasdaq-100 Buffer 15% · Innovator

NOCT 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 Oct 20, 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 $0.35. Use the arrow keys to read each point.2019
Ex-datePay dateAmount per share
Nov 19, 2019Nov 21, 2019$0.35

NOCT Risk

Risk pillarC46 out of 100Rank 12 of 19 in Nasdaq-100 Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
7.4%
Annualised · 36 months to Sep 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.
1.32
vs 3-month T-bills · to Sep 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.
−16.2%
Trough Oct 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.
0.56
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.

NOCT Cost

Cost pillarD39 out of 100Rank 8 of 20 in Nasdaq-100 Buffer 15%
Expense ratio0.79%
  • Middle half of Nasdaq-100 Buffer 15% funds
  • Median 0.79%

7 of the 15 Nasdaq-100 Buffer 15% funds charge less.

NOCT costs $79.00 a year on $10,000. The median Nasdaq-100 Buffer 15% fund costs $79.00.

Other funds in Nasdaq-100 Buffer 15%

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