TOCT vs VOO
Innovator Equity Defined Protection ETF - 2 Yr to October 2027 vs Vanguard S&P 500 ETF
Which is better, TOCT or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. VOO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TOCT | VOO |
|---|---|---|
| Expense Ratio | 0.79% | 0.03%Best |
| AUM | $14M | $1.0T |
| Dividend Yield | 0.00% | 1.06% |
| Holdings | 15 | 506 |
| YTD Return | +3.40% | +13.57%Best |
| 1Y Return | +3.93% | +17.55%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 2.8%Best | 13.2% |
| Max Drawdown | -2.0%Best | -8.9% |
| $10,000 over 1 years | $10,362 | $11,584Best |
| Fund Family | Innovator ETFs Trust | Vanguard (US) |
| Category | Alternative | Equity |
| Style | - | Large Cap Blend |
| Inception | Oct 1, 2025 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 1, 2025 to Oct 14, 2026 (1 years).
TOCT vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
TOCT vs VOO Performance
Innovator Equity Defined Protection ETF - 2 Yr to October 2027 (TOCT) is an ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year TOCT returned +3.93% while VOO returned +17.55%. Year to date, TOCT is up 3.40% versus a gain of 13.57% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 2.8% for TOCT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.0% for TOCT and -8.9% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
TOCT charges 0.79% per year while VOO charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, TOCT currently yields 0.00% against 1.06% for VOO.
You are not choosing between two funds in isolation.
Whichever of TOCT and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TOCT or VOO?
TOCT has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, TOCT or VOO?
Over the past year TOCT returned +3.93% vs +17.55% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), TOCT annualized +3.62% vs +15.84% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TOCT or VOO?
VOO has been the more volatile fund at 13.2% annualized versus 2.8% for TOCT. Worst drawdown: TOCT -2.0% vs VOO -8.9%.
Should I hold both TOCT and VOO?
TOCT and VOO have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, TOCT or VOO?
TOCT yields 0.00% while VOO yields 1.06%, so VOO currently pays the higher dividend yield.
Is VOO better than TOCT?
VOO has a lower expense ratio. VOO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.