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QTAP vs QTOC

Innovator Growth Accelerated Plus ETF

QTAPBCboe

Innovator Growth Accelerated Plus ETF - October

QTOCCCboe

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

QTAP0.79%QTOC0.79%

Avg volume · 30D

QTOC 5.5×the volume

QTAP1.85KQTOC10.2K

3Y return · a year

QTAP +3.1pt

QTAP+20.9%QTOC+17.8%

QTAP vs QTOC Performance

Oct 31, 2025 – Oct 30, 2026

+19.0%QTAP+9.4%QTOC

Oct 31, 2025 to Oct 30, 2026. QTAP +19.0%. QTOC +9.4%. Use the arrow keys to read each point.−5%0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
QTAP 0.79%
QTOC 0.79%
Fund size
QTAP $20M
QTOC $16M
1Y total return
QTAP +19.0%, better
QTOC +9.4%
Holdings
QTAP 3
QTOC 3
Avg volume (30D)
QTAP 1.85K sh
QTOC 10.2K sh, better
NAV per share
QTAP $52.47
QTOC $37.25
52W range

ETF.net Grade

QTAP: Cost 46, Risk 82, Mission not scored, Tradability 53, Holdings not scored, Durability 71. QTOC: Cost 46, Risk 38, Mission not scored, Tradability 68, Holdings not scored, Durability 57.
Pillar letters and Scores for QTAP, QTOC, with each pillar’s weight
PillarQTAPQTOC
Cost30% weightC46C46
Mission25% weightNot scoredNot scored
Risk15% weightA82HigherD38
Tradability15% weightC53B68Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA71HigherB57

Rank among Nasdaq-100 Accelerated funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QTAP and QTOC are both graded against the same 8 Nasdaq-100 Accelerated funds, so their Grades compare head to head.

Nasdaq-100 Accelerated⁠

Category · 8 funds
See all 8 ›

QTAP ranks 2nd and QTOC 4th of 8 funds in the Nasdaq-100 Accelerated Category.

  1. Rank 1BQBQVAllianzIM Growth-100 Buffer5 ETFScore 69
  2. Rank 2BQTAPInnovator Growth Accelerated Plus ETFScore 58
  3. Rank 3CQTJAInnovator Growth Accelerated Plus ETFScore 51
  4. Rank 4CQTOCInnovator Growth Accelerated Plus ETF - OctoberScore 50
  5. Rank 5CQTJLInnovator Growth Accelerated Plus ETFScore 49

Our read on each fund

ETF.net Research

QTAPBInnovator Growth Accelerated Plus ETF

QTOCCInnovator Growth Accelerated Plus ETF - October

In short

QTAP Triple QQQ's upside to a cap, roughly one-for-one on the way down, over a one-year stretch that resets each April. Leveraged-style math without a daily reset, and no buffer underneath it.

QTOC Triple the upside, single the downside. QTOC uses options to seek 3x the Nasdaq-100's move up to a cap over a one-year period that resets each October, while carrying full exposure to declines. Accelerator, not airbag.

Stated mandate

QTAP The Fund seeks to deliver three times the positive return of the Invesco QQQ Trust over the current annual outcome period, subject to a 22.80% gross cap, while approximately matching QQQ losses. It uses FLEX Options and provides no downside buffer.

QTOC The Fund seeks to deliver three times QQQ's upside return up to a cap, while retaining approximately one-times downside exposure over a one-year outcome period.

Why people hold it

  • QTAP Three up, one down: the options structure targets 3x QQQ's gain to a cap while tracking its decline about one-for-one across the annual outcome period.innovatoretfs.com
  • Outcomes are measured over a full year rather than daily, so the structure sidesteps the compounding drift baked into daily 3x leveraged funds.innovatoretfs.com
  • The 0.79% expense ratio sits right at the median for the five accelerated-upside funds in its peer group.
  • One of the original Accelerated ETFs, listed April 2021, and it stands near the top of the small group of funds built this way.globenewswire.com
  • QTOC The 3x acceleration is measured across a full one-year outcome period, not reset daily, so there is no day-to-day compounding drift to babysit.innovatoretfs.com
  • The reference asset is plain vanilla: the Nasdaq-100 via QQQ. No stock picking, no sector tilt, just an options wrapper bolted onto a widely held index.innovatoretfs.com
  • At 0.79%, it prices identically to Innovator's other accelerated QQQ funds (QTAP, QTJL, QTJA). The October start month is the differentiator, not the fee.

Worth knowing

  • QTAP No buffer here. Downside exposure runs roughly one-for-one with QQQ, so a rough year in the Nasdaq-100 shows up in full.innovatoretfs.com
  • The cap is set at the start of each annual period, so buying mid-period means different upside, downside and cap than the headline terms.innovatoretfs.com
  • A small, thinly traded fund, which makes limit orders worth the trouble. Sibling vintages QTJL, QTOC and QTJA run the same design off other reset months.
  • QTOC No buffer. The 3x runs one way: up to a cap on gains, while losses pass through at roughly one-for-one with the index.innovatoretfs.com
  • The stated terms belong to holders who own it from one October reset to the next. Enter mid-period and your effective cap and exposure differ from the headline.innovatoretfs.com
  • Small asset base and light trading, so bid-ask spreads can run wider than on mainstream index ETFs.

Full QTAP profile⁠

Full QTOC profile⁠

QTAP vs QTOC Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QTAP vs QTOC Cost

Same expense ratio

$15,174

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QTAP 0.79%

    $15,174

  • QTOC 0.79%

    $15,174

$10,000
30 years

Cost over time

  • QTAP 0.79%
  • QTOC 0.79%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QTAP $15,174QTOC $15,174

Year by year

YearQTAPQTOC
10$1,405$1,405
20$5,331$5,331
30$15,174$15,174

Expense ratio

  • 0.79%QTAP
  • 0.79%QTOC
  • Middle half of Nasdaq-100 Accelerated funds
  • Median 0.79%

QTAP 3rd cheapest of 8 funds

QTOC 3rd cheapest of 8 funds

QTAP vs QTOC Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
QTAP None
QTOC None

Distribution history

QTAPAll QTAP payments⁠

No distribution history available.

QTOCAll QTOC payments⁠

No distribution history available.

QTAP vs QTOC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QTAP 8.7%, betterQTOC 11.3%
Return per unit of riskSharpe ratio, 3 years
QTAP 1.72, betterQTOC 1.12
Worst fallMax drawdown, 5 years
QTAP −29.4%, betterQTOC −33.3%
Market sensitivityBeta, 5 years
QTAP 0.55QTOC 0.76

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