Which has more room to gain, APOC or TOCT?

From their prices on Nov 4, 2026, APOC can gain about 3.6% before its cap and TOCT about 6.6%, so TOCT has more room left this period.

Which resets first, APOC or TOCT?

APOC ends its outcome period on Mar 31, 2027 and TOCT on Sep 30, 2027. A new cap is set the day after each.

Which is cheaper, APOC or TOCT?

APOC and TOCT both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

APOC vs TOCT: Cap, Buffer & Days Left

Share on X Download as PDF

As of Nov 4, 2026 TOCT can fall 5.5% before its buffer engages and APOC 0.6%, and APOC resets 183 days sooner.

askIQ about this page

askIQ about APOC and TOCT

Net assets on Nov 4, 2026: $86m for Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct and $14m for Innovator Equity Defined Protection ETF - Oct 2027.

APOC on its own →TOCT on its own →

At a glance

0.6%

APOC can fall this far before its buffer

5.5%

TOCT can fall this far before its buffer

3.6%

APOC can still gain

6.6%

TOCT can still gain

APOC Full floor

APOC: reference +0.5% since period start, fund +0.5%; buffer Floor; cap +4.3%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

TOCT At its cap

TOCT: reference +15.1% since period start, fund +4.9%; buffer Floor; cap +12.8%; At its cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; their one-year returns differ by 1.0 point; APOC is 6.1 times larger.

Points (pts) are percentage points.

APOC vs TOCT: Cap, Buffer & Days Left
Measure	APOC	TOCT
Return
Measure	APOC	TOCT
Total return, 1 year	+3.1%	+4.1%
Drawdown
Measure	APOC	TOCT
Index fall to the buffer	0.5%	13.1%
Benchmark
Measure	APOC	TOCT
What it tracks	SPY	SPY
Cost and size
Measure	APOC	TOCT
Expense ratio	0.79%	0.79%
Net assets	$86m	$14m
Holdings
Measure	APOC	TOCT
Holdings in common	not published

Method

Window by window

Window by window: APOC vs TOCT: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	APOC	TOCT	APOC	TOCT
3 months	+1.3%	+0.7%	+1.6 pts	+1.1 pts
6 months	+2.5%	+1.9%	−2.0 pts	−2.6 pts
1 year	+3.1%	+4.1%	−10.4 pts	−9.4 pts
Since launchNot the same days: APOC Oct 2024 · TOCT Oct 2025	+6.4%	+4.1%	−28.5 pts	−10.7 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →

Side by side

APOC Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct · Absorbs the whole loss on SPY and caps the gain at 4.3%, over a period ending Mar 31, 2027 TOCT Innovator Equity Defined Protection ETF - Oct 2027 · Absorbs the whole loss on SPY and caps the gain at 12.8%, over a period ending Sep 30, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 100% 100%

Outcome period Sep 30, 2026 to Mar 31, 2027 Sep 30, 2025 to Sep 30, 2027

Days left 147 330

Starting cap +4.3% +12.8%

Can still gain 3.6% 6.6%

Fall before buffer 0.6% 5.5%

Protection left, index points 100.0% of 100.0% 100.0% of 100.0%

Index return this period +0.5% +15.1%

Fund return this period +0.5% +4.9%

State today Open At cap

Expense ratio 0.79% 0.79%

Net assets $86m $14m

As of Nov 4, 2026. Source: ETFIQ.

TOCT is already at its cap, so more rise in the index adds nothing to it before the period ends.

They do not reset together. APOC has 147 days of its period left and TOCT has 330, so the two are not the same bet on the same months.

Both are Innovator funds, so the difference between them is the terms rather than the house.

Where each one stands today

APOC resets first, on Mar 31, 2027, 147 days from now; TOCT runs to Sep 30, 2027, 330 days. APOC can still gain 3.6% before its cap, TOCT 6.6%. A fall from here reaches APOC’s buffer after 0.6% and TOCT’s after 5.5%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

APOC

From its price on Nov 4, 2026, the fund can gain about 3.6% more before it reaches its cap. The fund's price can fall 0.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.5% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 147 days remained on Nov 4, 2026. On Mar 31, 2027 the period ends and a new cap is set.

TOCT

SPY had already risen past this fund's cap of +12.8% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 6.6% as the period runs out. The fund's price can fall 5.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 13.1% from today's level to the point where the buffer begins. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, APOC or TOCT?: From their prices on Nov 4, 2026, APOC can gain about 3.6% before its cap and TOCT about 6.6%, so TOCT has more room left this period.
Which resets first, APOC or TOCT?: APOC ends its outcome period on Mar 31, 2027 and TOCT on Sep 30, 2027. A new cap is set the day after each.
Which is cheaper, APOC or TOCT?: APOC and TOCT both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

APOC vs DDTA APOC vs TAPR APOC vs PQX APOC vs FLAO TOCT vs XSEP TOCT vs DDSQ TOCT vs SIXO TOCT vs OCTT

Where to next

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →APOC on its own →TOCT on its own →Method →Standards and sources →

Sources and dates

APOC filings on SEC EDGAR ↗

Innovator page for APOC ↗

Innovator page for TOCT ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every number from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, APOC against TOCT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/apoc-vs-toct

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.