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UOCT vs USEP

Innovator U.S. Equity Ultra Buffer ETF October

UOCTCCboe

Innovator U.S. Equity Ultra Buffer ETF

USEPBCboe

Overlap

97.7%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

UOCT0.79%USEP0.79%

Avg volume · 30D

USEP 1.1×the volume

UOCT43.8KUSEP46.7K

5Y return · a year

UOCT +0.3pt

UOCT+8.3%USEP+8.0%

UOCT vs USEP Performance

Oct 29, 2021 – Oct 30, 2026

+49.3%UOCT+47.3%USEP

Oct 29, 2021 to Oct 30, 2026. UOCT +49.3%. USEP +47.3%. Use the arrow keys to read each point.−10%0%10%20%30%Oct 2021Apr 2024Oct 2026
Expense ratio
UOCT 0.79%
USEP 0.79%
Fund size
UOCT $267M
USEP $243M
1Y total return
UOCT +9.2%, better
USEP +7.5%
Yield (12M)
UOCT 0.00%
USEP 0.00%
Holdings
UOCT 4
USEP 4
Avg volume (30D)
UOCT 43.8K sh
USEP 46.7K sh, better
NAV per share
UOCT $42.24
USEP $41.90
52W range

ETF.net Grade

UOCT: Cost 50, Risk 42, Mission not scored, Tradability 72, Holdings 59, Durability 78. USEP: Cost 50, Risk 43, Mission not scored, Tradability 72, Holdings 59, Durability 66.
Pillar letters and Scores for UOCT, USEP, with each pillar’s weight
PillarUOCTUSEP
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightC42C43Higher
Tradability15% weightA72A72
Holdings10% weightB59B59
Durability5% weightA78HigherB66

Rank among S&P 500 Ultra Buffer 30% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. UOCT and USEP are both graded against the same 13 S&P 500 Ultra Buffer 30% funds, so their Grades compare head to head.

S&P 500 Ultra Buffer 30%⁠

Category · 13 funds
See all 13 ›

UOCT ranks 2nd and USEP 2nd of 13 funds in the S&P 500 Ultra Buffer 30% Category.

  1. Rank 1BUJANInnovator U.S. Equity Ultra Buffer ETFScore 57
  2. Rank 2BUJUNInnovator U.S. Equity Ultra Buffer ETF - JuneScore 55
  3. Rank 2CUOCTInnovator U.S. Equity Ultra Buffer ETF OctoberScore 55
  4. Rank 2BUSEPInnovator U.S. Equity Ultra Buffer ETFScore 55
  5. Rank 5CUDECInnovator U.S. Equity Ultra Buffer ETF - DecemberScore 52

UOCT vs USEP Holdings

How UOCT and USEP differ

Overlap by weight

97.7%

Shared holdings make up 98.3% of UOCT and 98.0% of USEP.

Level by level

  • Holdings2 in both97.7%
  • Asset classEquity100%
  • Countryby domicile100%
  • Sector11 Sectors99.6%

Sector

Sector weights in UOCT and USEP, widest gap first
SectorMore in UOCTMore in USEP
TechnologyUSEP +0.4 points
FinancialsUOCT +0.2 points
Health CareUOCT +0.1 points
IndustrialsSame weight
Consumer StaplesUOCT +0.1 points
Consumer DiscretionaryUSEP +0.1 points
CommunicationUSEP +0.1 points
EnergySame weight
UtilitiesSame weight
Real EstateSame weight
MaterialsSame weight

Country, concentration and asset class

Country by domicile

Country weights in UOCT and USEP, widest gap first
CountryMore in UOCTMore in USEP
United StatesSame weight
SwitzerlandSame weight
ChinaSame weight
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • UOCT102.4%
  • USEP102.1%

Securities held

  • UOCT4
  • USEP4

Asset class

UOCT
Equity
USEP
Equity

Holdings

  • Only in UOCT2
  • In both2
  • Only in USEP2

Only in UOCT

2 securities, 4.2% of UOCT by weight

  • Voo 09/30/2027 665.82 P4.06%
  • Voo 09/30/2027 728.87 C0.12%

Only in USEP

2 securities, 4.1% of USEP by weight

  • Voo 08/31/2027 669.65 P4.00%
  • Voo 08/31/2027 733.06 C0.10%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in UOCT and USEP, widest gap first
HoldingMore in UOCTMore in USEP
Vanguard S&P 500 ETFVOOUOCT +0.55 points
Us Bank Mmda - Usbgfs 9 09/01/2037USEP +0.25 points

All 6 UOCT holdings⁠All 6 USEP 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.

UOCT vs USEP Cost

Same expense ratio

$15,174

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

  • UOCT 0.79%

    $15,174

  • USEP 0.79%

    $15,174

$10,000
30 years

Cost over time

  • UOCT 0.79%
  • USEP 0.79%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UOCT $15,174USEP $15,174

Year by year

YearUOCTUSEP
10$1,405$1,405
20$5,331$5,331
30$15,174$15,174

Expense ratio

  • 0.79%UOCT
  • 0.79%USEP
  • Middle half of S&P 500 Ultra Buffer 30% funds
  • Median 0.79%

UOCT 2nd cheapest of 13 funds

USEP 2nd cheapest of 13 funds

UOCT vs USEP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
UOCT 0.00%
USEP 0.00%
Payout (12M)
UOCT None
USEP None

Distribution history

Per share, 2019, same scale for both

UOCT1 paymentAll UOCT payments⁠
One bar per payment. 1 payment in 2019. Nov 19, 2019 $0.58. Use the arrow keys to read each point.$0$0.502019
USEP1 paymentAll USEP payments⁠
One bar per payment. 1 payment in 2019. Nov 19, 2019 $0.16. Use the arrow keys to read each point.$0$0.502019

UOCT vs USEP Risk

Fall from peak · 5 years

  • UOCT
  • USEP
Oct 29, 2021 to Oct 30, 2026. Worst fall: USEP −11.8% · Oct 2022. Use the arrow keys to read each point.−12.5%−10%−7.5%−5%−2.5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
UOCT 5.7%, betterUSEP 6.0%
Return per unit of riskSharpe ratio, 3 years
UOCT 1.22USEP 1.36, better
Worst fallMax drawdown, 5 years
UOCT −9.2%, betterUSEP −11.8%
Market sensitivityBeta, 5 years
UOCT 0.41USEP 0.48

Popular comparisons

  • UOCTCvsUJANB

    Innovator U.S. Equity Ultra Buffer ETF October · Innovator U.S. Equity Ultra Buffer ETF

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USEPBvsUJANB

    Innovator U.S. Equity Ultra Buffer ETF · Innovator U.S. Equity Ultra Buffer ETF

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UOCTCvsUJUNB

    Innovator U.S. Equity Ultra Buffer ETF October · Innovator U.S. Equity Ultra Buffer ETF - June

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USEPBvsUJUNB

    Innovator U.S. Equity Ultra Buffer ETF · Innovator U.S. Equity Ultra Buffer ETF - June

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UOCTCvsUDECC

    Innovator U.S. Equity Ultra Buffer ETF October · Innovator U.S. Equity Ultra Buffer ETF - December

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USEPBvsUDECC

    Innovator U.S. Equity Ultra Buffer ETF · Innovator U.S. Equity Ultra Buffer ETF - December

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.