Data as of Nov 4, 2026.
TOCT vs ZOCT: Cap, Buffer & Days Left
As of Nov 4, 2026 TOCT can fall 5.5% before its buffer engages and ZOCT 0.8%.
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Net assets on Nov 4, 2026: $14m for Innovator Equity Defined Protection ETF - Oct 2027 and $227m for Innovator Equity Defined Protection ETF - 1 Yr October.
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.ZOCT: reference +0.5% since period start, fund +0.8%; buffer Floor; cap +9.4%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
Both cost 0.79% a year; their one-year returns differ by 2.1 points; ZOCT is 16.2 times larger.
Points (pts) are percentage points.
| Measure | TOCT | ZOCT |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.1% | +6.2% |
| Drawdown | ||
| Index fall to the buffer | 13.1% | 0.5% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.79% |
| Net assets | $14m | $227m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | TOCT | ZOCT | TOCT | ZOCT |
| 3 months | +0.7% | +1.7% | +1.1 pts | +2.1 pts |
| 6 months | +1.9% | +3.4% | −2.6 pts | −1.1 pts |
| 1 year | +4.1% | +6.2% | −9.4 pts | −7.3 pts |
| Since launchNot the same days: TOCT Oct 2025 · ZOCT Oct 2024 | +4.1% | +12.8% | −10.7 pts | −22.0 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
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.
Both are Innovator funds, so the difference between them is the terms rather than the house.
Where each one stands today
TOCT resets first, on Sep 30, 2027, 330 days from now; ZOCT runs to Sep 30, 2027, 330 days. TOCT can still gain 6.6% before its cap, ZOCT 8.5%. A fall from here reaches TOCT’s buffer after 5.5% and ZOCT’s after 0.8%. Both track SPY, so what separates them is where each is in its own period.
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. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and a new cap is set.
ZOCT
From its price on Nov 4, 2026, the fund can gain about 8.5% more before it reaches its cap. The fund's price can fall 0.8% 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.
Questions people ask
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, TOCT against ZOCT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/toct-vs-zoct
ETFIQ. (Nov 4, 2026). TOCT against ZOCT. Retrieved from https://etfiq.com/compare/buffer/toct-vs-zoct
[TOCT against ZOCT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/toct-vs-zoct)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.