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Launched

Innovator Premium Income 30 Barrier ETF

OCTJCboeInnovatorC

$23.88−0.02 (−0.08%)

At close: Nov 2, 2026, 4:00 PM ET

C42/ 100

Rank 38 of 52 in S&P 500 Option Income

C42/100Rank 38 of 52inS&P 500 Option Income
Intraday session: down, 77 prints from 23.90 to 23.88. Range 23.88 to 23.97. Use the arrow keys to read each point.23.9223.9423.9610 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$15M
1Y total return
+5.2%
Yield · Last 12 months
5.32%
Holdings
6
Avg volume · 30D
3.43K sh
52W range
low $23.49high $24.32
Launched

The ETF.net OCTJ Grade

Based on 5 of 6 pillars

C

Score 42 out of 100

Category
S&P 500 Option Income⁠
Rank
38 of 52
Six-pillar profile for OCTJ. Scores out of 100: Cost 31, Risk 73, Mission 35, Tradability 44, Holdings not scored, Durability 46. Strongest: Risk (73). Weakest: Cost (31). Based on 5 of 6 pillars.

Score 42 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.
    D31 out of 100
    Rank 34 of 52

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D35 out of 100
    Rank 34 of 36

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A73 out of 100
    Rank 7 of 52

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 32 of 52

  • 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.
    C46 out of 100
    Rank 37 of 52

Our read on OCTJ

ETF.net Research

In short

CIncome you can pencil in: OCTJ sets a distribution rate at the start of each annual period, pays it quarterly, and cushions S&P 500 declines down to a 30% barrier. Defined-outcome plumbing pointed at cash flow instead of upside.

Stated mandate

The fund seeks a defined income outcome over each annual period, with returns tied to the S&P 500 Price Return Index and downside protection through a 30% barrier.

Why people hold it

  • The payout is defined up front: a distribution rate set at the start of each annual outcome period, then paid quarterly.
  • Downside protection is deep by defined-outcome standards: a 30% barrier against the S&P 500 Price Return Index across each annual period.
  • Terms reset every October. New outcome period, newly set rate, barrier back to full depth.
  • It arrives as a 1940 Act ETF, so the defined-income terms sit in an exchange-traded fund rather than a bank-issued structured note.

Worth knowing

  • A barrier is a cliff, not a buffer. It is measured at period end, so interim swings are uncushioned and a finish past 30% down removes the protection.
  • The 0.79% fee sits above the cohort median and well above index-built S&P 500 income peers like IVVW (0.25%) and RSPA (0.32%).
  • Small and thinly traded next to the giants of the premium-income shelf, so bid-ask spreads carry more weight at the point of trade.

OCTJ Holdings

Asset class
Stocks
Holdings
6
Top-10 weight
130%
Largest holding
United States Treasury Bill 09/30/202798.2%

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 09/30/202798.16%15,264,600$14.7M10
2No dataSpx 09/30/2027 5279.9 P27.39%589$4.1M1
3No dataUnited States Treasury Bill 12/31/20261.47%221,500$220K21
4No dataUnited States Treasury Bill 03/25/20271.46%221,900$218K7
5No dataUnited States Treasury Bill 06/10/20271.45%222,300$217K31
6No dataUs Bank Mmda - Usbgfs 9 09/01/2037<0.01%1,128$1.13K163

Showing 1–6 of 6 holdings

OCTJ 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.
OCTJ$10,521
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. OCTJ $10,521. 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 OCTJ. Periods over one year show the average yearly return.
PeriodOCTJ
Year to date+3.8%
1 month+0.1%
3 months+0.7%
1 year+5.2%
3 yearsper year+5.8%
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 OCTJ
YearReturn barOCTJ
2026 YTD+3.8%
2025+5.7%
2024+5.3%
2023+3.0%

Since listing, Oct 2, 2023

OCTJ in the news

OCTJ 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.
5.32%Last 12 months
Payout per share
$1.27Last 12 months
Last payment
$0.32 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 $0.40; Mar 27, 2024 $0.40; Jun 28, 2024 $0.40; Sep 30, 2024 $0.40; Dec 31, 2024 $0.31; Mar 31, 2025 $0.31; Jun 30, 2025 $0.31; Sep 30, 2025 $0.31; Dec 31, 2025 $0.32; Mar 31, 2026 $0.32; Jun 30, 2026 $0.32; Sep 30, 2026 $0.32. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 30, 2026Oct 2, 2026$0.32
Jun 30, 2026Jul 1, 2026$0.32
Mar 31, 2026Apr 1, 2026$0.32
Dec 31, 2025Jan 2, 2026$0.32
Sep 30, 2025Oct 2, 2025$0.31
Jun 30, 2025Jul 1, 2025$0.31
Mar 31, 2025Apr 1, 2025$0.31
Dec 31, 2024Jan 2, 2025$0.31
Sep 30, 2024Oct 4, 2024$0.40
Jun 28, 2024Jul 1, 2024$0.40
Mar 27, 2024Apr 1, 2024$0.40
Dec 28, 2023Jan 2, 2024$0.40

$10,000 in OCTJ 3 years ago paid $1,701 in dividends.

OCTJ Risk

Risk pillarA73 out of 100Rank 7 of 52 in S&P 500 Option Income
How much the fund’s monthly returns vary, scaled to a year.
1.5%
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.
0.83
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.
−5.4%
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.
0.13
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.

OCTJ Cost

Compare OCTJ and PEPS

Overpaying vs PEPS, cheapest in S&P 500 Option Income

$13,068

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

  • OCTJ 0.79%

    $15,174

  • PEPS 0.10% Cheapest

    $2,106

$10,000
30 years

Cost over time

  • OCTJ 0.79%
  • PEPS 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530OCTJ $15,174PEPS $2,106

Year by year

YearOCTJPEPSOverpaying
10$1,405$183$1,222
20$5,331$717$4,614
30$15,174$2,106$13,068

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