Which is cheaper, ACII or MPIM?

ACII charges 0.79% a year and MPIM charges 0.70%, so MPIM is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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ACII vs MPIM: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+10.5 pts

3 months to Nov 12, 2026: ACII ahead, total return

Fee gap

0.09 pts

A year: ACII 0.79%, MPIM 0.70%, per filings dated Feb 27, 2026 and Aug 7, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

MPIM costs 0.09 points a year less.

Points (pts) are percentage points.

ACII vs MPIM: Dividend Yield & Total Return
Measure	ACII	MPIM
Paid and earned
Measure	ACII	MPIM
Price change, since Aug 12, 2026		fell 12.8%
Return of capital, issuer estimate	74% of the Nov 2, 2026 payment
Cost and size
Measure	ACII	MPIM
Expense ratio	0.79%	0.70%
Net assets	$195m	not read by ETFIQ
Holdings
Measure	ACII	MPIM
Holdings in common	not published

Method

Side by side

ACII Innovator Index Autocallable Income Strategy ETF · Autocallable, paying monthly MPIM m+ Income Momentum Autocall ETF · Autocallable

Issuer Innovator m+

Strategy autocallable autocallable

Benchmark not set not set

Pays monthly not established

Payout rate, annualized 9.9% 17.0%

Expense ratio 0.79% 0.70%

Cash paid, 1 year not available 3.0% (since launch, Aug 12, 2026)

Price change, 1 year not available −12.8% (since launch, Aug 12, 2026)

Total return, 1 year not available −10.0% (since launch, Aug 12, 2026)

Benchmark return, 1 year not available not published

Ahead or behind not available not available

Return of capital, latest estimate 74% not published

Age not stated 92 days

Net assets $195m not read by ETFIQ

As of Nov 12, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: ACII vs MPIM: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ACII	MPIM	ACII	MPIM	ACII	MPIM
3 months	−0.1%	−10.6%	2.4%	3.0%	not measured	not measured
Since launch	–	−10.0%	–	3.0%	–	not measured

– means no data for this window. Open this comparison in the app →

Alert

About each fund

ACII

At its price on Nov 12, 2026 the latest distribution annualizes to 9.9%, paid monthly. Innovator estimates that 74% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

MPIM

Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPIM paid 3.0% of its starting value in cash distributions while its price fell 12.8%. With every distribution reinvested, the fund returned −10.0%. At its price on Nov 12, 2026 the latest distribution annualizes to 17.0%, paid periodically.

Questions people ask

Which is cheaper, ACII or MPIM?: ACII charges 0.79% a year and MPIM charges 0.70%, so MPIM is cheaper. Fees come from each fund's prospectus.

Other comparisons

ACII vs CAIQ ACII vs DACL ACII vs IACL ACII vs MPDY MPIM vs QYLG MPIM vs DJIA MPIM vs XPAY MPIM vs YLDE

Where to next

All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →ACII on its own →MPIM on its own →ACII dividend history →MPIM dividend history →Method →Standards and sources →

Sources and dates

ACII filings on SEC EDGAR ↗

ACII prospectus with the expense ratio (SEC) ↗

ACII 19a-1 distribution notice ↗

Innovator page for ACII ↗

MPIM filings on SEC EDGAR ↗

MPIM prospectus with the expense ratio (SEC) ↗

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

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, ACII against MPIM, data as of Nov 12, 2026. https://etfiq.com/compare/income/acii-vs-mpim

Open data →

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

ACII and MPIM both write options for income.

ACII on its own →MPIM on its own →

Growth of 100

ACII and MPIM

Total return, distributions reinvested, 3 months.

ACII −0.1%MPIM −10.6%

Aug 13, 2026Nov 12, 2026

ACII −0.1%, MPIM −10.6%: ACII +10.5 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.