Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
PSEP vs VOO
Innovator U.S. Equity Power Buffer ETF - Sep and Vanguard 500 Index Fund.
| PSEP Innovator U.S. Equity Power Buffer ETF - Sep | VOO Vanguard 500 Index Fund | |
|---|---|---|
| Where it sits | Buffer desk | Core fund |
| Issuer | Innovator | Vanguard |
| What it is | Defined outcome, on SPY | S&P 500 |
| Total return, 1 year | +11.1% | +20.1% |
| S&P 500 over the same days | +20.0% | +20.0% |
| Gap to the S&P 500 | −8.9 pts | +0.1 pts |
| Expense ratio | 0.79% | 0.03% |
| Holdings | n/a | 506 |
PSEP in plain words
From its price on Sep 4, 2026, the fund can gain about 14.7% more before it reaches its cap. The fund's price can fall 0.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.4% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 361 days remained on Sep 4, 2026. On Aug 31, 2027 the period ends and a new cap is set.
VOO in plain words
VOO is a index equity fund tracking S&P 500. Over the year to Sep 4, 2026 it returned +20.1% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 506 positions, with the top ten at 36.5%.
Questions people ask
- Which returned more over the last year, PSEP or VOO?
- In the year to Sep 4, 2026, with distributions reinvested, PSEP returned +11.1% and VOO returned +20.1%, so VOO returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, PSEP or VOO?
- PSEP charges 0.79% a year and VOO charges 0.03%, so VOO is cheaper. Fees come from each fund's prospectus.
- Are PSEP and VOO the same kind of fund?
- No. PSEP is a buffer ETF and VOO is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, PSEP against VOO, data as of Sep 4, 2026. https://etfiq.com/compare/any/PSEP-VOO.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources