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Launched

Innovator Premium Income 20 Barrier ETF

OCTHCboeInnovatorF

$23.89−0.01 (−0.04%)

As of Nov 2, 2026, 3:58 PM ET

F25/ 100

Rank 23 of 24 in S&P 500 Buffer 20%

F25/100Rank 23 of 24inS&P 500 Buffer 20%
Intraday session: down, 78 prints from 23.90 to 23.89. Range 23.89 to 24.00. Use the arrow keys to read each point.23.9223.9423.9623.9824.0010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$16M
1Y total return
+6.3%
Yield · Last 12 months
6.49%
Holdings
6
Avg volume · 30D
3.02K sh
52W range
low $23.41high $24.40
Launched

The ETF.net OCTH Grade

Based on 4 of 6 pillars

F

Score 25 out of 100

Category
S&P 500 Buffer 20%⁠
Rank
23 of 24
Six-pillar profile for OCTH. Scores out of 100: Cost 4, Risk 49, Mission not scored, Tradability 40, Holdings not scored, Durability 37. Strongest: Risk (49). Weakest: Cost (4). Based on 4 of 6 pillars.

Score 25 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays F for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F4 out of 100
    Rank 22 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 10 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 19 of 24

  • 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.
    D37 out of 100
    Rank 23 of 24

Our read on OCTH

ETF.net Research

In short

FNot a buffer fund, a barrier fund. Income is manufactured from Treasury interest and S&P 500 option premiums, the first 20% of index losses are absorbed, and past that line you take the full drop from the starting level.

Stated mandate

The fund seeks one-year returns centered on a defined distribution rate, with protection from S&P 500 Price Return Index losses up to a 20% barrier and losses thereafter, including one-to-one exposure after the threshold. Income comes from Treasury interest and FLEX-option premiums.

Why people hold it

  • The 20% barrier is written into the fund's documents, not estimated: index losses at or below it at the end of the one-year period don't reach shareholders.sec.gov
  • Income is built from Treasury interest and S&P 500 FLEX option premiums, so there is no corporate credit risk and limited interest-rate exposure.globenewswire.cominnovatoretfs.com
  • The distribution rate is published before each one-year outcome period begins, so the terms and the target payout are known going in. Cash goes out quarterly.sec.gov
  • Innovator launched this structure in 2023 and runs versions starting in different months, making the October series one rung of a year-round ladder.globenewswire.cominnovatoretfs.com

Worth knowing

  • Barrier, not buffer: if the index closes the period more than 20% below its start, the fund absorbs the entire decline from day one, not just the slice past 20%.sec.govinnovatoretfs.com
  • The rate is a ceiling. Filings call it the maximum return for the period, so index gains beyond it don't accrue, and payouts can include return of capital.sec.gov
  • At 0.79% it runs above the 0.60% cohort median, with cheaper S&P 500 income options around (IVVW at 0.25%, GPIX at 0.35%). It is also small and thinly traded.

OCTH Holdings

Asset class
Stocks
Holdings
6
Top-10 weight
136%
Largest holding
United States Treasury Bill 09/30/202798.5%

Sectors

  • Technology37.4%
  • Financials12.2%
  • Communication9.9%
  • Consumer Discretionary9.6%
  • Health Care9.1%
  • Industrials8.2%
  • Consumer Staples4.6%
  • Energy3.4%
  • Utilities2.2%
  • Real Estate1.9%
  • Materials1.6%

Geography

  • United States99.53%
  • Switzerland0.25%
  • China0.09%
  • Mexico0.06%
  • Ireland0.04%
  • United Kingdom0.03%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUnited States Treasury Bill 09/30/202798.48%15,918,200$15.3M10
2No dataSpx 09/30/2027 6045.1 P31.87%409$4.95M1
3No dataUnited States Treasury Bill 12/31/20261.73%270,700$269K21
4No dataUnited States Treasury Bill 03/25/20271.72%271,300$267K7
5No dataUnited States Treasury Bill 06/10/20271.70%271,800$265K31
6No dataUs Bank Mmda - Usbgfs 9 09/01/2037<0.01%1,201$1.2K163

Showing 1–6 of 6 holdings

OCTH Performance

Launched Oct 2, 2023

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.Not enough history yet.
OCTH$10,634
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. OCTH $10,634. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 OCTH. Periods over one year show the average yearly return.
PeriodOCTH
Year to date+4.8%
1 month+0.3%
3 months+0.8%
1 year+6.3%
3 yearsper year+7.1%
5 yearsFund is under 5 years oldper yearNo data
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 OCTH
YearReturn barOCTH
2026 YTD+4.8%
2025+6.5%
2024+6.2%
2023+3.8%

Since listing, Oct 2, 2023

OCTH in the news

Filtered to OCTH · S&P 500 Buffer 20%

OCTH 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 30, 2026.
6.49%Last 12 months
Payout per share
$1.55Last 12 months
Last payment
$0.39 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 12 payments from 2023 to 2026 YTD. Dec 28, 2023 $0.47; Mar 27, 2024 $0.47; Jun 28, 2024 $0.47; Sep 30, 2024 $0.47; Dec 31, 2024 $0.38; Mar 31, 2025 $0.38; Jun 30, 2025 $0.38; Sep 30, 2025 $0.38; Dec 31, 2025 $0.39; Mar 31, 2026 $0.39; Jun 30, 2026 $0.39; Sep 30, 2026 $0.39. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 30, 2026Oct 2, 2026$0.39
Jun 30, 2026Jul 1, 2026$0.39
Mar 31, 2026Apr 1, 2026$0.39
Dec 31, 2025Jan 2, 2026$0.39
Sep 30, 2025Oct 2, 2025$0.38
Jun 30, 2025Jul 1, 2025$0.38
Mar 31, 2025Apr 1, 2025$0.38
Dec 31, 2024Jan 2, 2025$0.38
Sep 30, 2024Oct 4, 2024$0.47
Jun 28, 2024Jul 1, 2024$0.47
Mar 27, 2024Apr 1, 2024$0.47
Dec 28, 2023Jan 2, 2024$0.47

$10,000 in OCTH 3 years ago paid $2,038 in dividends.

OCTH Risk

Risk pillarC49 out of 100Rank 10 of 23 in S&P 500 Buffer 20%
How much the fund’s monthly returns vary, scaled to a year.
2.5%
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.
0.96
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.
−7.7%
36 months · trough Apr 2025
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.
0.22
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.

OCTH Cost

Compare OCTH and PSFD

Overpaying vs PSFD, tied cheapest in S&P 500 Buffer 20%

$5,382

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

  • OCTH 0.79%

    $15,174

  • PSFD 0.49% Tied cheapest

    $9,792

$10,000
30 years

Cost over time

  • OCTH 0.79%
  • PSFD 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530OCTH $15,174PSFD $9,792

Year by year

YearOCTHPSFDOverpaying
10$1,405$883$522
20$5,331$3,394$1,937
30$15,174$9,792$5,382

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