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AOCT vs PICB

Innovator Equity Defined Protection ETF - 2 Yr to October 2026 vs Invesco International Corporate Bond ETF

AOCT

Innovator Equity Defined Protection ETF - 2 Yr to October 2026

Innovator ETFs

Annual cost

0.79%

Fund size

$70M

PICB

Invesco International Corporate Bond ETF

Invesco

Annual cost

0.50%

Fund size

$360M

Key differences

  • PICB costs 0.29% less per year.
  • PICB is significantly larger than AOCT — larger funds tend to be more liquid and less likely to close.
  • AOCT is classified as alternative, while PICB is fixed income — different risk/return profiles.
  • AOCT follows a structured outcome strategy; PICB uses index tracking.
  • PICB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AOCTPICB
Annual cost (TER)0.79%0.50%
Fund size (AUM)$70M$360M
Since20242010
Dividend yield0.00%3.29%
Asset classalternativefixed income
Regionnorth america
Strategystructured outcomeindex tracking
CAGR 1Y+8.1%+4.0%
CAGR 3YN/A+6.3%
CAGR 5YN/A-2.1%
Sharpe 3YN/A0.34
Volatility 1Y2.62%7.82%
Max drawdown-3.71%-37.15%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to AOCT and PICB