FMQQ vs TOCT

Comparison between FMQQ THE NEXT FRONTIER INTERNET ETF (FMQQ, ETF) and Innovator Equity Defined Protection ETF 2 Yr to October 2027 (TOCT, ETF).

FMQQ vs TOCT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMQQ(ETF)	TOCT(ETF)
Net Assets	$20M	$20M
Expense Ratio	0.86%	0.79%
Max Drawdown	64.51%	2.02%
Sharpe Ratio	-1.39	-0.17
5Y Beta	0.86	0.19

Net Assets

FMQQ

$20M

TOCT

$20M

Expense Ratio

FMQQ

0.86%

Winner

TOCT

0.79%

Max Drawdown

FMQQ

64.51%

Winner

TOCT

2.02%

Sharpe Ratio

FMQQ

-1.39

Winner

TOCT

-0.17

5Y Beta

FMQQ

0.86

Winner

TOCT

0.19

FMQQ vs TOCT - Historical Returns

Returns include dividend reinvestment.

Period	FMQQ	TOCT
1 month	-0.93%	+0.20%
3 months	-0.47%	+2.35%
6 months	-19.17%	+2.19%
1 year	-21.07%	N/A
5 years(CAGR)	-15.38%	N/A
Max(CAGR)	-15.38%	+3.31%

FMQQ

-0.93%

Winner

TOCT

+0.20%

FMQQ

-0.47%

Winner

TOCT

+2.35%

FMQQ

-19.17%

Winner

TOCT

+2.19%

FMQQ

-21.07%

TOCT

N/A

5Y(CAGR)

FMQQ

-15.38%

TOCT

N/A

Max(CAGR)

FMQQ

-15.38%

Winner

TOCT

+3.31%

FMQQ vs TOCT - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	FMQQ	TOCT
2026	-19.08%	+1.94%
2025	+8.74%	+0.49%
2024	+14.13%	N/A
2023	+16.04%	N/A
2022	-54.27%	N/A
2021	-15.21%	N/A

FMQQ vs TOCT Drawdown Comparison

The maximum drawdown for FMQQ was -64.51%, occurring on Oct 14, 2022. This drawdown has not yet recovered.

The maximum drawdown for TOCT was -2.02%, occurring on Mar 27, 2026. Recovery took 37 trading sessions.

The current FMQQ drawdown is -55.93%. The current TOCT drawdown is -0.35%.

Rank	FMQQ	TOCT
#1	-64.51% Oct 19, 2021 - Oct 14, 2022	-2.02% Feb 20, 2026 - Apr 15, 2026
#2	-3.78% Oct 1, 2021 - Oct 15, 2021	-1.33% Oct 27, 2025 - Jan 7, 2026
#3	-0.37% Sep 28, 2021 - Sep 30, 2021	-0.74% May 29, 2026 - Jun 10, 2026
#4	N/A	-0.61% Feb 2, 2026 - Feb 9, 2026
#5	N/A	-0.47% Jan 12, 2026 - Jan 27, 2026
#6	N/A	-0.36% Oct 2, 2025 - Oct 17, 2025
#7	N/A	-0.30% Feb 9, 2026 - Feb 20, 2026
#8	N/A	-0.30% May 14, 2026 - May 21, 2026
#9	N/A	-0.28% Oct 20, 2025 - Oct 24, 2025
#10	N/A	-0.22% May 1, 2026 - May 6, 2026
#11	N/A	-0.19% Apr 17, 2026 - Apr 24, 2026
#12	N/A	-0.19% Apr 27, 2026 - Apr 30, 2026
#13	N/A	-0.11% May 8, 2026 - May 14, 2026
#14	N/A	-0.04% Jan 27, 2026 - Feb 2, 2026
#15	N/A	-0.04% Jan 7, 2026 - Jan 9, 2026

Correlation

Correlation between FMQQ and TOCT is -0.56 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.56

-101