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Launched

Innovator Growth-100 Power Buffer ETF

NOCTCboeInnovatorC

$61.41−0.38 (−0.61%)

As of Nov 10, 2026, 11:25 AM ET

C54/ 100

Rank 4 of 20 in Nasdaq-100 Buffer 15%

C54/100Rank 4 of 20inNasdaq-100 Buffer 15%
Intraday session: down, 23 prints from 61.79 to 61.41. Range 61.38 to 61.73. Use the arrow keys to read each point.61.5061.6061.7010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$306M
1Y total return
+8.3%
Yield · Last 12 months
0.00%
Holdings
3
Avg volume · 30D
36.2K sh
52W range
low $55.21high $65.43
Launched

The ETF.net NOCT Grade

Based on 5 of 6 pillars

C

Score 54 out of 100

Category
Nasdaq-100 Buffer 15%⁠
Rank
4 of 20
Six-pillar profile for NOCT. Scores out of 100: Cost 39, Risk 47, Mission 93, Tradability 79, Holdings not scored, Durability 91. Strongest: Mission (93). Weakest: Cost (39). Based on 5 of 6 pillars.

Score 54 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
    No data

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 11 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A79 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 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$10,835
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. NOCT $10,835. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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+6.7%
1 month−5.0%
3 months−2.3%
1 year+8.3%
3 yearsper year+12.4%
5 yearsper year+8.9%
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 NOCT
YearReturn barNOCT
2026 YTD+6.7%
2025+12.8%
2024+12.1%
2023+30.7%
2022−13.4%
2021+12.1%
2020+11.6%

NOCT in the news

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 Nov 9, 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 pillarC47 out of 100Rank 11 of 20 in Nasdaq-100 Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
7.8%
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.
1.15
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.
−16.2%
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.
0.58
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.

NOCT Cost

Compare NOCT and QQMY

Overpaying vs QQMY, tied cheapest in Nasdaq-100 Buffer 15%

$9,025

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

  • NOCT 0.79%

    $15,174

  • QQMY 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • NOCT 0.79%
  • QQMY 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$20K051015202530NOCT $15,174QQMY $6,149

Year by year

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

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