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ZOCT vs VRP

Innovator Equity Defined Protection ETF - 1 Yr October vs Invesco Variable Rate Preferred ETF

ZOCT

Innovator Equity Defined Protection ETF - 1 Yr October

Innovator ETFs

Annual cost

0.79%

Fund size

$115M

VRP

Invesco Variable Rate Preferred ETF

Invesco

Annual cost

0.50%

Fund size

$2.6B

Key differences

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

Side-by-side comparison

ZOCTVRP
Annual cost (TER)0.79%0.50%
Fund size (AUM)$115M$2.6B
Since20242014
Dividend yield0.00%6.39%
Asset classalternativefixed income
Regionnorth americanorth america
Strategystructured outcomeindex tracking
CAGR 1Y+7.7%+7.4%
CAGR 3YN/A+10.4%
CAGR 5YN/A+4.4%
Sharpe 3YN/A1.46
Volatility 1Y2.27%2.87%
Max drawdown-3.18%-46.04%

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

Similar to ZOCT and VRP