KOCT vs QBKF: Grades, Fees and Holdings Compared

Innovator U.S. Small Cap Power Buffer ETF

KOCTBCboe

Allianzim U.S. Small Cap Buffer15 ETF

QBKFBCboe

Overlap

0.0%by weight

Expense ratio

QBKF −0.05pt a year

KOCT0.79%QBKF0.74%

Avg volume · 30D

KOCT 16.7×the volume

KOCT28.7KQBKF1.72K

KOCT vs QBKF Performance

Jul 31, 2026 – Oct 30, 2026

+1.2%KOCT+0.4%QBKF

Expense ratio: KOCT 0.79%; QBKF 0.74%, better
Fund size: KOCT $171M; QBKF $9M
1Y total return: KOCT +13.8%; QBKF No data
Yield (12M): KOCT 0.00%; QBKF No data
Holdings: KOCT 3; QBKF 3
Avg volume (30D): KOCT 28.7K sh, better; QBKF 1.72K sh
NAV per share: KOCT $37.89; QBKF $26.23
52W range

ETF.net Grade

Pillar letters and Scores for KOCT, QBKF, with each pillar’s weight
Pillar	KOCT	QBKF
Cost30% weight	C40	A73Higher
Mission25% weight	A89	Not scored
Risk15% weight	B58	A85Higher
Tradability15% weight	A82Higher	C40
Holdings10% weight	Not scored	B56
Durability5% weight	A87Higher	D25

Rank among Russell 2000 Buffer 15% funds

How we build Categories ›

Same Category. KOCT and QBKF are both graded against the same 14 Russell 2000 Buffer 15% funds, so their Grades compare head to head.

Russell 2000 Buffer 15%⁠

Category · 14 funds

See all 14 ›

QBKF ranks 1st and KOCT 3rd of 14 funds in the Russell 2000 Buffer 15% Category.

Rank 1BQBKFAllianzim U.S. Small Cap Buffer15 ETFScore 64
Rank 2BQBKVAllianzim U.S. Small Cap Buffer5 ETFScore 58
Rank 3BKOCTInnovator U.S. Small Cap Power Buffer ETFScore 57
Rank 4CKAPRInnovator U.S. Small Cap Power Buffer ETF - AprilScore 52

Our read on each fund

ETF.net Research

KOCTBInnovator U.S. Small Cap Power Buffer ETF

QBKFBAllianzim U.S. Small Cap Buffer15 ETF

In short

KOCT Small-cap exposure with a seatbelt. KOCT tracks IWM up to a yearly cap while absorbing the first 15% of losses, resetting each October 1. A 2019 original in a corner where most buffer funds are built on the S&P 500.

QBKF No data

Stated mandate

KOCT The Fund seeks to track the return of the iShares Russell 2000 ETF, subject to a predetermined upside cap, while protecting against the first 15% of losses during the outcome period.

QBKF No data

Why people hold it

KOCT The contract is plain: track the iShares Russell 2000 ETF up to a preset cap, with the first 15% of losses over the one-year outcome period absorbed first.innovatoretfs.com
Rare air: it listed October 1, 2019 in Innovator's first small-cap buffer wave. Most defined-outcome ETFs wrap the S&P 500, not the Russell 2000.accessnewswire.com
Fee lands at 0.79%, the middle of its small-cap buffer group, and the fund rates in the upper half of that group on our review.
You pick your calendar. This is the October reset; siblings KJAN, KAPR and KJUL run the same 15% buffer off other quarters.

QBKF No data

Worth knowing

KOCT The cap is the price of the cushion. A blistering small-cap year gets trimmed, and the cap is reset for each new outcome period starting October 1.
Timing matters: Innovator notes the stated outcomes apply to holders from the first day of the outcome period through the last. Buy mid-period and your own cap and buffer differ.innovatoretfs.com
Trading is light versus mainstream small-cap funds, and the options-based structure isn't built to throw off income.

QBKF No data

Full KOCT profile⁠

Full QBKF profile⁠

KOCT vs QBKF Holdings

How KOCT and QBKF differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of KOCT and 0.0% of QBKF.

Level by level

Holdings0 in both0.0%
Asset classEquity100%
Countryby domicile100%
Sector11 Sectors100%

Sector

Sector weights in KOCT and QBKF, widest gap first
Sector	More in KOCTMore in QBKF	KOCT	QBKF
Health Care	Same weight	20.9%	20.9%
Financials	Same weight	18.0%	18.0%
Technology	Same weight	14.4%	14.4%
Industrials	Same weight	13.4%	13.4%
Consumer Discretionary	Same weight	8.6%	8.6%
Real Estate	Same weight	6.5%	6.5%
Energy	Same weight	6.3%	6.3%
Materials	Same weight	4.3%	4.3%
Utilities	Same weight	2.7%	2.7%
Consumer Staples	Same weight	2.6%	2.6%
Communication	Same weight	2.3%	2.3%

Country, concentration and asset class

Country by domicile

Country weights in KOCT and QBKF, widest gap first
Country	More in KOCTMore in QBKF	KOCT	QBKF
United States	Same weight	98.4%	98.4%
Brazil	Same weight	0.6%	0.6%
Switzerland	Same weight	0.3%	0.3%
Canada	Same weight	0.2%	0.2%
United Kingdom	Same weight	0.2%	0.2%
Taiwan	Same weight	0.1%	0.1%
Norway	Same weight	0.1%	0.1%
Singapore	Same weight	0.1%	0.1%
Other countries (5)	Same weight	0.1%	0.1%

Concentration

Weight in the 10 largest Holdings

KOCT106.3%
QBKF102.8%

Securities held

KOCT3
QBKF2

Asset class

KOCT: Equity
QBKF: Equity

Holdings

Only in KOCT3
In both0
Only in QBKF2

Only in KOCT

3 securities, 100% of KOCT by weight

Iwm 09/30/2027 2.78 C98.40%
Iwm 09/30/2027 277.89 P6.47%
Us Bank Mmda - Usbgfs 9 09/01/20371.41%

Only in QBKF

2 securities, 100% of QBKF by weight

Iwm 12/31/2026 2.08 C100.06%
Iwm 12/31/2026 277.86 P2.05%

Weight gaps

KOCT and QBKF share no securities.

All 6 KOCT holdings⁠All 5 QBKF holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KOCT vs QBKF Cost

Overpaying KOCT vs QBKF

$867

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

KOCT 0.79%
$15,174
QBKF 0.74%
$14,307

Amount$10,000

Years30 years

Cost over time

KOCT 0.79%
QBKF 0.74%
Overpaying

Year by year

Year	KOCT	QBKF	Overpaying
10	$1,405	$1,319	$86
20	$5,331	$5,015	$316
30	$15,174	$14,307	$867

Expense ratio

0.79%KOCT
0.74%QBKF, cheaper

QBKF0.74%KOCT0.79%

0.30%1.01%

Middle half of Russell 2000 Buffer 15% funds
Median 0.77%

QBKF 6th cheapest of 14 funds

KOCT 8th cheapest of 14 funds

KOCT vs QBKF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): KOCT 0.00%; QBKF No data
Payout (12M): KOCT None; QBKF None

Distribution history

Per share, 2019, same scale for both

KOCT1 paymentAll KOCT payments⁠

QBKFAll QBKF payments⁠

No distribution history available.

KOCT vs QBKF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: KOCT 8.8%QBKF No data
Return per unit of riskSharpe ratio, 3 years: KOCT 1.17QBKF No data
Worst fallMax drawdown, 5 years: KOCT −16.6%QBKF No data
Market sensitivityBeta, 5 years: KOCT 0.69QBKF 0.12; Market = 1

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