Which is cheaper, OCTH or PCOV?

OCTH charges 0.79% a year and PCOV charges 0.34%, so PCOV is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

OCTH vs PCOV: Dividend Yield & Total Return

OCTH and PCOV both write options for income.

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Net assets: $16m on Nov 4, 2026 for Innovator Premium Income 20 Barrier ETF - October, and $10m on Nov 2, 2026 for Principal Equity Premium Income ETF.

OCTH on its own →PCOV on its own →

At a glance

6.5%

OCTH cash paid, 1 year

1.9%

PCOV cash paid, since launch, Aug 19, 2026

+7.5%

OCTH total return, 1 year

−0.1%

PCOV total return, since launch, Aug 19, 2026

OCTH · 1 year to Nov 4, 2026 7.3 pts behind SPY

OCTH

+7.5%

SPY

+14.8%

7.3 pts behind SPY

OCTH over 1 year: paid 6.5%, price +0.8%, total +7.5%, SPY +14.8%, −7.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

OCTH

+7.5%

6.5% of it arrived as cash

7.3 pts behind SPY

Total return, distributions reinvested

7.3 pts behind SPY

OCTH over 1 year: paid 6.5%, price +0.8%, total +7.5%, SPY +14.8%, −7.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

OCTH

+7.5%

7.3 pts behind SPY

6.5% of it arrived as cash. Total return, distributions reinvested. OCTH over 1 year: paid 6.5%, price +0.8%, total +7.5%, SPY +14.8%, −7.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

PCOV · since launch to Nov 4, 2026 Not measured

PCOV

−0.1%

none

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

Total return, distributions reinvested

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

1.9% of it arrived as cash. Both charts share one scale, with zero at the line. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.45 points a year less; OCTH is 1.6 times larger.

Points (pts) are percentage points.

OCTH vs PCOV: Dividend Yield & Total Return
Measure	OCTH	PCOV
Paid and earned
Measure	OCTH	PCOV
Total return, 1 year	+7.5%	not published
Price change	rose 0.8% (1 year)	fell 2.0% (since Aug 19, 2026)
Against its benchmark
Measure	OCTH	PCOV
Benchmark	S&P 500, measured through SPY	not published
Cost and size
Measure	OCTH	PCOV
Expense ratio	0.79%	0.34%
Net assets, as of Nov 3, 2026	$16m	$10m
Holdings
Measure	OCTH	PCOV
Holdings in common	not published

Method

Side by side

OCTH Innovator Premium Income 20 Barrier ETF - October · Defined income on SPY, paying quarterly PCOV Principal Equity Premium Income ETF · Covered call

Issuer Innovator Principal

Strategy defined income covered call

Benchmark S&P 500 (SPY) none

Pays quarterly not established

Payout rate, annualized 6.4% 7.2%

Expense ratio 0.79% 0.34%

Cash paid, 1 year 6.5% 1.9% (since launch, Aug 19, 2026)

Price change, 1 year +0.8% −2.0% (since launch, Aug 19, 2026)

Total return, 1 year +7.5% −0.1% (since launch, Aug 19, 2026)

Benchmark return, 1 year +14.8% not published

Ahead or behind −7.3 pts not available

Return of capital, latest estimate 51% not published

Age 3.1 years 77 days

Net assets, OCTH as of Nov 4, 2026 and PCOV as of Nov 2, 2026 $16m $10m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: OCTH vs PCOV: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	OCTH	PCOV	OCTH	PCOV	OCTH	PCOV
3 months	+1.2%	–	1.6%	–	+1.4 pts	–
6 months	+2.9%	–	3.2%	–	−2.2 pts	–
1 year	+7.5%	–	6.5%	–	−7.3 pts	–
3 years	+22.0%	–	20.4%	–	−60.9 pts	–
Since launchNot the same days: OCTH Oct 2023 · PCOV Aug 2026	+23.8%	−0.1%	20.7%	1.9%	−62.2 pts	not measured

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Alert

About each fund

OCTH

Over the year to Nov 4, 2026, OCTH paid 6.5% of its starting value in cash distributions while its price rose 0.8%. With every distribution reinvested, the fund returned +7.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 7.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.4%, paid quarterly. Innovator estimates that 51% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

PCOV

Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.

Questions people ask

Which is cheaper, OCTH or PCOV?: OCTH charges 0.79% a year and PCOV charges 0.34%, so PCOV is cheaper. Fees come from each fund's prospectus.

Other comparisons

OCTH vs DDDD OCTH vs DYLG OCTH vs XVSP OCTH vs ODTE PCOV vs ACSP PCOV vs BALI PCOV vs DIVO PCOV vs SPUT

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →OCTH on its own →PCOV on its own →OCTH dividend history →PCOV dividend history →Method →Standards and sources →

Sources and dates

OCTH filings on SEC EDGAR ↗

OCTH prospectus with the expense ratio (SEC) ↗

OCTH 19a-1 distribution notice ↗

Innovator page for OCTH ↗

PCOV filings on SEC EDGAR ↗

PCOV prospectus with the expense ratio (SEC) ↗

Principal website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, OCTH against PCOV, data as of Nov 4, 2026. https://etfiq.com/compare/income/octh-vs-pcov

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