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XTOC

GradeBChicago Board Options Exchange

Innovator U.S. Equity Accelerated Plus ETF

Accelerated Upside · Innovator · Inception 2021-10-01

$37.23+0.01 (+0.03%)

As of Sep 23, 2026, 1:48 PM EDT

History starts Oct 1, 2021.
Intraday session: up, 15 prints from 37.22 to 37.23. Range 37.16 to 37.23. Use the arrow keys to read each point.$37.16$37.18$37.2010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$17M
1Y return
+14.2%
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0M sh
NAV per share
$37.20
52W range
low $31.00high $37.23

The ETF.net XTOC Grade

B

60/ 100

Rank 2 of 12 in S&P 500 Accelerated⁠

Confidence Low

Six-pillar profile for XTOC. Scores out of 100: Cost 55, Risk 51, Mission not scored, Tradability 80, Holdings not scored, Durability 64. Strongest: Tradability (80). Weakest: Risk (51). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 60 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank7/12 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 51
    Category rank5/11 · top 45%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank2/12 · top 17%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 64
    Category rank4/12 · top 33%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on XTOC

ETF.net Research

BUpside-only leverage: XTOC targets triple SPY's price return over a one-year October-to-September stretch, subject to a cap, while the downside tracks the index roughly one-for-one. Options do the work, so there's no daily reset.

Stated mandate

The Fund seeks three times the upside return of SPY during the annual outcome period, subject to a cap, while approximately matching SPY losses on the downside. It resets at the end of each outcome period and can be held indefinitely.

Why people hold it

  1. 01Built from one-year options rather than borrowed money, so the 3x upside applies to the whole outcome period instead of compounding day by day like a geared fund.innovatoretfs.com
  2. 02The structure resets every October 1 and can be held indefinitely, so a fresh cap and a fresh outcome period arrive each year without you rolling anything yourself.sec.gov
  3. 03The 0.79% fee is par for accelerated-return funds: same as Innovator siblings XDSQ and XTAP, below the 0.85% on FT Vest's XMAR and XJUN.

Worth knowing

  1. 01The upside is capped, and a new cap is set at the start of each October period. The stated math is designed for shares held from the first day of a period to the last.innovatoretfs.comsec.gov
  2. 02No buffer sits underneath. Losses track SPY roughly one-for-one, and because the design follows price return, S&P 500 dividends don't pass through.sec.gov
  3. 03A small fund that trades lightly, which can mean wider bid-ask spreads than mainstream index ETFs.

XTOC Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
5
Top-10 weight
130%
Largest holding
4SPY US 09/30/26 C6.62 FLX100.8%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—4SPY US 09/30/26 C6.62 FLX100.75%440$34M1
002—4SPY US 09/30/26 C666.14 FLX28.37%880$10M1
003—US BANK MMDA - USBGFS 9 09/01/20370.24%81,140$81K161
004—Cash & Other0.16%54,404$54K674

Showing 1–4 of 4 holdings

XTOC Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XTOC$11,416
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. XTOC $11,416. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for XTOC. Periods over one year show the average yearly return.
PeriodXTOC
Year to date+11.2%
1 month+0.8%
3 months+3.3%
1 year+14.2%
3 years+14.8%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XTOC
YearReturn barXTOC
2026 YTD+11.2%
2025+13.9%
2024+10.5%
2023+25.4%
2022−17.9%
2021+6.2%

Since listing, Oct 1, 2021

XTOC in the news

ETF.net Research hasn’t filed on XTOC yet — coverage lands here as it’s written.

XTOC Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

XTOC Risk

How much the fund’s monthly returns vary, scaled to a year.
8.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.10
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−24.1%
59 months · trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.60
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

XTOC Cost

Expense ratio0.79%
  • The middle half of S&P 500 Accelerated funds
  • Median 0.79%

3 of the 12 S&P 500 Accelerated funds charge less.

XTOC costs $79.00 a year on $10,000. The median S&P 500 Accelerated fund costs $79.00.