Data as of Nov 4, 2026.
NOCT vs QSPT: Cap, Buffer & Days Left
As of Nov 4, 2026 NOCT can fall 0.0% before its buffer engages and QSPT 0.0%, and QSPT resets 13 days sooner.
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Net assets: $316m on Nov 4, 2026 for Innovator Growth-100 Power Buffer ETF - Oct, and $710m on Nov 3, 2026 for FT Vest Nasdaq-100 Buffer ETF - September.
NOCT: reference −6.5% since period start, fund −3.1%; buffer 0 to −15; cap +18.7%; Buffer working. Data to Nov 4, 2026.
NOCT: reference −6.5% since period start, fund −3.1%; buffer 0 to −15; cap +18.7%; Buffer working. Data to Nov 4, 2026.QSPT: reference −4.1% since period start, fund −2.2%; buffer 0 to −10; cap +21.9%; Buffer working. Data to Nov 4, 2026.
QSPT: reference −4.1% since period start, fund −2.2%; buffer 0 to −10; cap +21.9%; Buffer working. Data to Nov 4, 2026.Pair scorecard
NOCT costs 0.11 points a year less; their one-year returns differ by 3.2 points; QSPT is 2.3 times larger.
Points (pts) are percentage points.
| Measure | NOCT | QSPT |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.0% | +12.2% |
| Benchmark | ||
| What it tracks | QQQ | QQQ |
| Cost and size | ||
| Expense ratio | 0.79% | 0.90% |
| Net assets, as of Nov 3, 2026 | $314m | $710m |
| Holdings | ||
| Holdings in common | not published | |
How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed
Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it →
Risk and return
Oct 1, 2021 to Oct 30, 2026 · 265 weekly returns · each against QQQFrom Oct 2021 to Oct 2026, QSPT returned more: +77.4% to +59.5%. NOCT swung less: 10.0% to 13.6%. NOCT fell less at its worst: −16.0% to −22.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | NOCT | QSPT | QQQ | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +59.5% | +77.4% | QSPT | Price change plus distributions, reinvested. | |
| Annualized | +9.6% | +11.9% | QSPT | Total return as a yearly rate. | |
| Price return | +59.5% | +77.4% | QSPT | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 10.0% | 13.6% | NOCT | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 6.6% | 9.0% | NOCT | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −16.0% | −22.5% | NOCT | Deepest fall from a high to the low after it. | |
| Upside capture | 30.2% | 46.4% | 100.0% | QSPT | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 53.5% | 70.0% | 100.0% | NOCT | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.43 | 0.61 | 1.00 | NOCT lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.88 | 0.92 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.58 | 0.61 | QSPT (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.88 | 0.93 | QSPT (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.133 | 0.137 | 0.118 | QSPT (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.60 | 0.53 | NOCT | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | QQQ | QQQ | QQQ | The ETF each fund is measured against. | |
| Alpha | +0.7% a year | +1.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.43 | 0.66 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.4% to +3.7% | −2.3% to +4.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.47 | −0.37 | QSPT | Return against its benchmark per unit of tracking error. | |
| Tracking error | 12.7% | 9.3% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 265 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | NOCT | QSPT | NOCT | QSPT |
| 3 months | −1.0% | −0.1% | +2.6 pts | +3.4 pts |
| 6 months | +1.9% | +3.4% | +2.4 pts | +3.9 pts |
| 1 year | +9.0% | +12.2% | −2.7 pts | +0.4 pts |
| 3 years | +44.2% | +58.4% | −44.0 pts | −29.8 pts |
| Since launchNot the same days: NOCT Oct 2019 · QSPT Sep 2021 | +103.9% | +75.7% | −165.6 pts | −13.5 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
Where each one stands today
QSPT resets first, on Sep 17, 2027, 317 days from now; NOCT runs to Sep 30, 2027, 330 days. NOCT can still gain 22.4% before its cap, QSPT 23.7%. A fall from here reaches NOCT’s buffer after 0.0% and QSPT’s after 0.0%. Both track QQQ, so what separates them is where each is in its own period.
Client brief:
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NOCT
From its price on Nov 4, 2026, the fund can gain about 22.4% more before it reaches its cap. Protection left, in index points: 8.5% of the 15.0% buffer still sits below today's QQQ level. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and a new cap is set.
QSPT
From its price on Nov 4, 2026, the fund can gain about 23.7% more before it reaches its cap. Protection left, in index points: 5.9% of the 10.0% buffer still sits below today's QQQ level. 317 days remained on Nov 4, 2026. On Sep 17, 2027 the period ends and a new cap is set.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
ETFIQ calculates every number from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, NOCT against QSPT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/noct-vs-qspt
ETFIQ. (Nov 4, 2026). NOCT against QSPT. Retrieved from https://etfiq.com/compare/buffer/noct-vs-qspt
[NOCT against QSPT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/noct-vs-qspt)
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