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NOCT

GradeCChicago Board Options Exchange

Innovator Growth-100 Power Buffer ETF

Buffered · Innovator · Inception 2019-10-01

$64.36+0.07 (+0.12%)

As of Sep 24, 2026, 3:04 PM EDT

Intraday session: up, 22 prints from 64.28 to 64.36. Range 64.28 to 64.36. Use the arrow keys to read each point.$64.28$64.30$64.32$64.3410 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$228M
1Y return
+13.3%
Yield · Last 12 months
0.00%
Holdings
6
Volume · 30D
0M sh
NAV per share
$64.27
52W range
low $55.21high $64.39

The ETF.net NOCT Grade

C

49/ 100

Rank 8 of 20 in Nasdaq-100 Buffer 15%⁠

Confidence Medium

Six-pillar profile for NOCT. Scores out of 100: Cost 39, Risk 42, Mission not scored, Tradability 66, Holdings not scored, Durability 87. Strongest: Durability (87). Weakest: Cost (39). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 39
    Category rank17/20 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 42
    Category rank11/17 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 66
    Category rank6/20 · top 30%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 87
    Category rank3/20 · top 15%

Graded as of Sep 23, 2026 · Based on 4 of 6 pillars

Our read on NOCT

ETF.net Research

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

  1. 01The 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
  2. 02Live since October 2019, so the reset-and-cap machinery has years of real market cycles behind it rather than a backtest.
  3. 03At 0.79%, the fee sits at the median for Nasdaq-100 buffer funds. The defined-outcome plumbing costs no premium versus the cohort.
  4. 04An October start date makes this the autumn rung for anyone spreading buffer exposure across reset months instead of concentrating on one date.

Worth knowing

  1. 01Thinly traded, so spreads and limit orders matter more here than with the big plain-index funds.
  2. 020.79% is not the cohort floor: PBQQ runs 0.50% and the Calamos Nasdaq-100 protection funds 0.69%, on different protection terms.
  3. 03Buffer 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 Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
108%
Largest holding
4QQQ US 09/30/26 C6 FLX108.0%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—4QQQ US 09/30/26 C6 FLX108.03%3,361$247M1
002—US BANK MMDA - USBGFS 9 09/01/20370.29%664,047$664K161
003—4QQQ US 09/30/26 P600.37 FLX0.01%3,361$23K1

Showing 1–3 of 3 holdings

NOCT Performance

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

NOCT$11,335
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,702
Sep 23, 2025 to Sep 23, 2026. NOCT $11,335. SPY $11,702. Use the arrow keys to read each point.$9,404$10,705$12,005Sep 2025Mar 2026Sep 2026

Sep 23, 2025 – Sep 23, 2026

Returns run to the Sep 23, 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+11.0%
1 month+1.4%
3 months+3.9%
1 year+13.3%
3 years+14.9%per year
5 years+10.5%per year
10 yearsFund is under 10 years old—per 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+11.0%
2025+12.8%
2024+12.1%
2023+30.7%
2022−13.4%
2021+12.1%
2020+11.6%

NOCT in the news

ETF.net Research hasn’t filed on NOCT yet — coverage lands here as it’s written.

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 Sep 23, 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

How much the fund’s monthly returns vary, scaled to a year.
7.4%
Annualised · 36 months to Aug 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.
1.29
vs 3-month T-bills · to Aug 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.
0.55
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

Expense ratio0.79%
  • The 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.