Which paid more, LOCT or OCTJ?

Over the year to Nov 4, 2026, LOCT paid 5.2% of its starting price in cash and OCTJ paid 5.3%, so OCTJ paid more. Cash paid is not the same as money made: the price change matters too.

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

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

Which is cheaper, LOCT or OCTJ?

LOCT and OCTJ 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

LOCT vs OCTJ: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OCTJ paid 5.3% of its price in cash against LOCT’s 5.2% and the two finished level on total return.

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

LOCT on its own →OCTJ on its own →

At a glance

5.2%

LOCT cash paid, 1 year

5.3%

OCTJ cash paid, 1 year

+5.8%

LOCT total return, 1 year

+5.8%

OCTJ total return, 1 year

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. Total return, distributions reinvested. 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.

OCTJ · 1 year to Nov 4, 2026 9 pts behind SPY

OCTJ

+5.8%

SPY

+14.8%

9 pts behind SPY

OCTJ over 1 year: paid 5.3%, price +0.3%, total +5.8%, SPY +14.8%, −9.0 pts. Data to Nov 4, 2026.

SPY

+14.8%

OCTJ

+5.8%

5.3% of it arrived as cash

9 pts behind SPY

Total return, distributions reinvested

9 pts behind SPY

OCTJ over 1 year: paid 5.3%, price +0.3%, total +5.8%, SPY +14.8%, −9.0 pts. Data to Nov 4, 2026.

SPY

+14.8%

OCTJ

+5.8%

9 pts behind SPY

5.3% of it arrived as cash. Both charts share one scale, 0 to +14.8%. OCTJ over 1 year: paid 5.3%, price +0.3%, total +5.8%, SPY +14.8%, −9.0 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; both returned +5.8% over a year; OCTJ is 1.4 times larger.

Points (pts) are percentage points.

LOCT vs OCTJ: Dividend Yield & Total Return
Measure	LOCT	OCTJ
Paid and earned
Measure	LOCT	OCTJ
Total return, 1 year	+5.8%	+5.8%
Price change, 1 year	rose 0.4%	rose 0.3%
Return of capital, issuer estimate	35% of the Nov 2, 2026 payment	36% of the Oct 2, 2026 payment
Against its benchmark
Measure	LOCT	OCTJ
Benchmark	Vanguard S&P 500 ETF, measured through VOO	S&P 500, measured through SPY
Against its benchmark, same days	behind by 9.0 pts	behind by 9.0 pts
Cost and size
Measure	LOCT	OCTJ
Expense ratio	0.79%	0.79%
Net assets	$11m	$15m
Holdings
Measure	LOCT	OCTJ
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 Score65.6LOCT65OCTJ

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

LOCT 65.6

OCTJ 65

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, LOCT and OCTJ 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

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

Issuer Innovator Innovator

Strategy buffer with income defined income

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

Pays monthly quarterly

Payout rate, annualized 5.8% 5.3%

Expense ratio 0.79% 0.79%

Cash paid, 1 year 5.2% 5.3%

Price change, 1 year +0.4% +0.3%

Total return, 1 year +5.8% +5.8%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −9.0 pts −9.0 pts

Return of capital, latest estimate 35% 36%

Age 3.1 years 3.1 years

Net assets $11m $15m

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: LOCT vs OCTJ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	LOCT	OCTJ	LOCT	OCTJ	LOCT	OCTJ
3 months	+1.2%	+1.0%	1.3%	1.3%	+1.3 pts	+1.2 pts
6 months	+2.4%	+2.4%	2.6%	2.6%	−2.6 pts	−2.7 pts
1 year	+5.8%	+5.8%	5.2%	5.3%	−9.0 pts	−9.0 pts
3 years	+17.9%	+18.1%	16.8%	17.0%	−65.4 pts	−64.8 pts
Since launchLOCT Oct 2023 · OCTJ Oct 2023	+19.3%	+19.6%	17.5%	17.2%	−67.1 pts	−66.5 pts

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About each fund

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). That is a tax label, not a measure of erosion.

OCTJ

Over the year to Nov 4, 2026, OCTJ paid 5.3% of its starting value in cash distributions while its price rose 0.3%. S&P 500 (SPY) 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 5.3%, paid quarterly. Innovator estimates that 36% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, LOCT or OCTJ?: Over the year to Nov 4, 2026, LOCT paid 5.2% of its starting price in cash and OCTJ paid 5.3%, so OCTJ paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, LOCT or OCTJ?: With every distribution reinvested, LOCT returned +5.8% and OCTJ +5.8% over the year to Nov 4, 2026.
Which is cheaper, LOCT or OCTJ?: LOCT and OCTJ both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

LOCT vs XDTE LOCT vs ROCY LOCT vs OMAH LOCT vs BALI OCTJ vs XPAY OCTJ vs TSPY OCTJ vs OVL OCTJ vs XIDE

Where to next

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

Sources and dates

LOCT and OCTJ filings on SEC EDGAR ↗

LOCT prospectus with the expense ratio (SEC) ↗

LOCT 19a-1 distribution notice ↗

Innovator page for LOCT ↗

OCTJ prospectus with the expense ratio (SEC) ↗

OCTJ 19a-1 distribution notice ↗

Innovator page for OCTJ ↗

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.

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

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