Innovator Premium Income 20 Barrier ETF
$23.96−0.04 (−0.17%)
- 0.79%
- $16M
- +7.9%
- 6.46%
- 0M sh
- $24.00
- low $23.41high $24.40
The ETF.net OCTH Grade
F
Score 19 out of 100
- 23 of 24
Score 19 of 100 falls in the F 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.F4 out of 100Rank 22 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 15 of 23Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F18 out of 100Rank 23 of 24Holdings
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.D39 out of 100Rank 20 of 24
Our read on OCTH
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.
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
- Stocks
- 6
- 129%
- United States Treasury Bill 09/30/2027
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%
OCTH 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.Not enough history yet.
OCTH$10,788
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 | OCTH |
|---|---|
| Year to date | +5.2% |
| 1 month | +0.6% |
| 3 months | +1.4% |
| 1 year | +7.9% |
| 3 years | +7.1% |
| 5 years | — |
| 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 | OCTH |
|---|---|---|
| 2026 YTD | +5.2% | |
| 2025 | +6.5% | |
| 2024 | +6.2% | |
| 2023 | +3.8% |
OCTH in the news
OCTH Dividends
- 6.46%
- $1.55
- $0.39 per share
- Quarterly
Distribution history
OCTH Risk
- 2.6%
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.
- 0.99
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.
- −7.7%
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.
- 0.22
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OCTH Cost
0.79%
OCTH0.79%
- The middle half of S&P 500 Buffer 20% funds
- Median 0.74%
21 of the 24 S&P 500 Buffer 20% funds charge less.
Other funds in S&P 500 Buffer 20%
- CFEBWAllianzIM U.S. Equity Buffer20 Feb ETFExpense ratio 0.74%1 year return +11.1%
- CMARWAllianzIM U.S. Equity Buffer20 Mar ETFExpense ratio 0.74%1 year return +11.2%
- CPQXXPGIM Rock ETF Trust - PGIM S&P 500 Quarterly Buffer 20 ETFExpense ratio 0.50%1 year return —
- DAPRHInnovator Premium Income 20 Barrier ETFExpense ratio 0.79%1 year return +8.1%
- DJULHInnovator Premium Income 20 Barrier ETF - JulyExpense ratio 0.79%1 year return +7.2%