Which paid more, APRJ or LOCT?

Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting price in cash and LOCT paid 5.2%, so APRJ paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, APRJ or LOCT?

With every distribution reinvested, APRJ returned +6.2% and LOCT +5.8% over the year to Nov 4, 2026.

Which is cheaper, APRJ or LOCT?

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

Data as of Nov 4, 2026.

Income ETFs

APRJ vs LOCT: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, APRJ paid 6.2% of its price in cash against LOCT’s 5.2% and the two finished level on total return.

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Net assets: $27m on Nov 3, 2026 for Innovator Premium Income 30 Barrier ETF - April, and $11m on Nov 4, 2026 for Innovator Premium Income 15 Buffer ETF - October.

APRJ on its own →LOCT on its own →

At a glance

6.2%

APRJ cash paid, 1 year

5.2%

LOCT cash paid, 1 year

+6.2%

APRJ total return, 1 year

+5.8%

LOCT total return, 1 year

APRJ · 1 year to Nov 4, 2026 8.6 pts behind SPY

APRJ

+6.2%

SPY

+14.8%

8.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

SPY

+14.8%

APRJ

+6.2%

6.2% of it arrived as cash

8.6 pts behind SPY

Total return, distributions reinvested

8.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

SPY

+14.8%

APRJ

+6.2%

8.6 pts behind SPY

6.2% of it arrived as cash. Total return, distributions reinvested. APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

LOCT · 1 year to Nov 4, 2026 9 pts behind VOO

LOCT

+5.8%

VOO

+14.8%

9 pts behind VOO

LOCT over 1 year: paid 5.2%, price +0.4%, total +5.8%, VOO +14.8%, −9.0 pts. Data to Nov 4, 2026.

VOO

+14.8%

LOCT

+5.8%

5.2% of it arrived as cash

9 pts behind VOO

Total return, distributions reinvested

9 pts behind VOO

LOCT over 1 year: paid 5.2%, price +0.4%, total +5.8%, VOO +14.8%, −9.0 pts. Data to Nov 4, 2026.

VOO

+14.8%

LOCT

+5.8%

9 pts behind VOO

5.2% of it arrived as cash. Both charts share one scale, with zero at the line. LOCT over 1 year: paid 5.2%, price +0.4%, total +5.8%, VOO +14.8%, −9.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; their one-year returns differ by 0.4 points; APRJ is 2.5 times larger.

Points (pts) are percentage points.

APRJ vs LOCT: Dividend Yield & Total Return
Measure	APRJ	LOCT
Paid and earned
Measure	APRJ	LOCT
Total return, 1 year	+6.2%	+5.8%
Price change, 1 year	fell 0.1%	rose 0.4%
Return of capital, issuer estimate	53% of the Oct 2, 2026 payment	35% of the Nov 2, 2026 payment
Against its benchmark
Measure	APRJ	LOCT
Benchmark	S&P 500, measured through SPY	Vanguard S&P 500 ETF, measured through VOO
Against its benchmark, same days	behind by 8.6 pts	behind by 9.0 pts
Cost and size
Measure	APRJ	LOCT
Expense ratio	0.79%	0.79%
Net assets, as of Nov 3, 2026	$27m	$11m
Holdings
Measure	APRJ	LOCT
Holdings in common	0%

ETFIQ Distribution Coverage Score · LOCT scores higher How much of what it paid out did its total return cover?

IQ Income Score56.6APRJ65.6LOCT

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

APRJ 56.6

LOCT 65.6

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

By the books each fund has filed, APRJ and LOCT hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

0% in common

Check overlap with more funds →

Side by side

APRJ Innovator Premium Income 30 Barrier ETF - April · Defined income on SPY, paying quarterly LOCT Innovator Premium Income 15 Buffer ETF - October · Buffer with income on VOO, paying monthly

Issuer Innovator Innovator

Strategy defined income buffer with income

Benchmark S&P 500 (SPY) Vanguard S&P 500 ETF (VOO)

Pays quarterly monthly

Payout rate, annualized 6.9% 5.8%

Expense ratio 0.79% 0.79%

Cash paid, 1 year 6.2% 5.2%

Price change, 1 year −0.1% +0.4%

Total return, 1 year +6.2% +5.8%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −8.6 pts −9.0 pts

Return of capital, latest estimate 53% 35%

Age 3.6 years 3.1 years

Net assets, APRJ as of Nov 3, 2026 and LOCT as of Nov 4, 2026 $27m $11m

As of Nov 4, 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: APRJ vs LOCT: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	APRJ	LOCT	APRJ	LOCT	APRJ	LOCT
3 months	+1.0%	+1.2%	1.7%	1.3%	+1.2 pts	+1.3 pts
6 months	+2.5%	+2.4%	3.4%	2.6%	−2.5 pts	−2.6 pts
1 year	+6.2%	+5.8%	6.2%	5.2%	−8.6 pts	−9.0 pts
3 years	+19.2%	+17.9%	17.7%	16.8%	−63.7 pts	−65.4 pts
Since launchNot the same days: APRJ Apr 2023 · LOCT Oct 2023	+24.5%	+19.3%	21.1%	17.5%	−70.4 pts	−67.1 pts

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Alert

About each fund

APRJ

Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +6.2%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 8.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.9%, paid quarterly. Innovator estimates that 53% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

LOCT

Over the year to Nov 4, 2026, LOCT paid 5.2% of its starting value in cash distributions while its price rose 0.4%. With every distribution reinvested, the fund returned +5.8%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 9.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.8%, paid monthly. Innovator estimates that 35% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, APRJ or LOCT?: Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting price in cash and LOCT paid 5.2%, so APRJ paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, APRJ or LOCT?: With every distribution reinvested, APRJ returned +6.2% and LOCT +5.8% over the year to Nov 4, 2026.
Which is cheaper, APRJ or LOCT?: APRJ and LOCT both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

APRJ vs TSPY APRJ vs OVL APRJ vs LAPR APRJ vs LJAN LOCT vs ROCY LOCT vs OMAH LOCT vs ISPY LOCT vs BALI

Where to next

S&P 500 (SPY) →Vanguard S&P 500 ETF (VOO) →APRJ on its own →LOCT on its own →APRJ dividend history →LOCT dividend history →Method →Standards and sources →

Sources and dates

APRJ and LOCT filings on SEC EDGAR ↗

APRJ prospectus with the expense ratio (SEC) ↗

APRJ 19a-1 distribution notice ↗

Innovator page for APRJ ↗

LOCT prospectus with the expense ratio (SEC) ↗

LOCT 19a-1 distribution notice ↗

Innovator page for LOCT ↗

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

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, APRJ against LOCT, data as of Nov 4, 2026. https://etfiq.com/compare/income/aprj-vs-loct

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