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.

Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.

PSEP vs VOO

Name: ETFIQ comparison of PSEP and VOO
Creator: ETFIQ
License: https://etfiq.com/standards/

Innovator U.S. Equity Power Buffer ETF - Sep and Vanguard 500 Index Fund.

PSEP and VOO on the fields both publish, as of Sep 4, 2026. Source: ETFIQ.
	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	not published	+20.1%
S&P 500 over the same days	not published	+20.0%
Gap to the S&P 500	not available	+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 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.

Other comparisons

Where to next

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. ETFIQ publishes the same fields for every fund and suggests no allocation. Standards and sources