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TWOX vs XDSQ

iShares Large Cap Accelerated Outcome ETF

TWOXACboe

Innovator U.S. Equity Accelerated ETF

XDSQBCboe

Overlap

Expense ratio

TWOX −0.26pt a year

TWOX0.53%XDSQ0.79%

Avg volume · 30D

XDSQ 2.9×the volume

TWOX4.75KXDSQ13.9K

TWOX vs XDSQ Performance

Oct 31, 2025 – Oct 30, 2026

+9.3%TWOX+9.3%XDSQ

Oct 31, 2025 to Oct 30, 2026. TWOX +9.3%. XDSQ +9.3%. Use the arrow keys to read each point.−5%0%5%Oct 2025Apr 2026Oct 2026
Expense ratio
TWOX 0.53%, better
XDSQ 0.79%
Fund size
TWOX $23M
XDSQ $69M
1Y total return
TWOX +9.3%
XDSQ +9.3%
Holdings
TWOX 4
XDSQ 4
Avg volume (30D)
TWOX 4.75K sh
XDSQ 13.9K sh, better
NAV per share
TWOX $30.01
XDSQ $44.41
52W range

ETF.net Grade

TWOX: Cost 97, Risk 34, Mission not scored, Tradability 69, Holdings 57, Durability 72. XDSQ: Cost 63, Risk 37, Mission not scored, Tradability 78, Holdings 57, Durability 80.
Pillar letters and Scores for TWOX, XDSQ, with each pillar’s weight
PillarTWOXXDSQ
Cost30% weightA97HigherB63
Mission25% weightNot scoredNot scored
Risk15% weightD34D37Higher
Tradability15% weightB69A78Higher
Holdings10% weightB57B57
Durability5% weightA72A80Higher

Rank among S&P 500 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. TWOX and XDSQ are both graded against the same 12 S&P 500 Accelerated funds, so their Grades compare head to head.

S&P 500 Accelerated⁠

Category · 12 funds
See all 12 ›

TWOX ranks 1st and XDSQ 3rd of 12 funds in the S&P 500 Accelerated Category.

  1. Rank 1ATWOXiShares Large Cap Accelerated Outcome ETFScore 74
  2. Rank 2BXTAPInnovator U.S. Equity Accelerated Plus ETFScore 65
  3. Rank 3BXDSQInnovator U.S. Equity Accelerated ETFScore 61
  4. Rank 4BXTJAInnovator U.S. Equity Accelerated Plus ETFScore 60

Our read on each fund

ETF.net Research

TWOXAiShares Large Cap Accelerated Outcome ETF

XDSQBInnovator U.S. Equity Accelerated ETF

In short

TWOX No data

XDSQ Twice the upside of its S&P 500 reference fund up to a cap, with roughly the full downside. XDSQ runs that trade on a three-month clock, so the cap resets four times a year instead of once.

Stated mandate

TWOX No data

XDSQ The fund seeks to deliver twice the upside performance of SPY, subject to a cap, while approximately matching SPY's downside over a quarterly outcome period.

Why people hold it

TWOX No data

  • XDSQ Doubles the reference ETF's move up to a cap and tracks its losses roughly one-for-one. Built from FLEX options on the S&P 500 ETF, not borrowed money or a daily reset.innovatoretfs.comsec.gov
  • The outcome period runs three months, so a fresh cap is priced off current market conditions four times a year rather than being locked in for twelve.globenewswire.cominnovatoretfs.com
  • Innovator's Accelerated line pioneered multiple-upside-to-a-cap with roughly single downside exposure, and XDSQ has run the quarterly version of it since 2021.globenewswire.com
  • Costs 0.79% a year, the median for its accelerated-outcome peer group and under the 0.85% on FT Vest's enhance-and-buffer funds XMAR and XJUN.

Worth knowing

TWOX No data

  • XDSQ No buffer here. A fall in the S&P 500 ETF passes through roughly one-for-one, and the doubled upside stops at the cap.innovatoretfs.com
  • The stated outcomes assume holding from the first day of a quarter's period to the last. Buy or sell mid-period and your effective cap and exposure differ.sec.gov
  • The strategy is built on the reference ETF's price return, so S&P 500 dividends do not pass through to shareholders.sec.gov

Full TWOX profile⁠

Full XDSQ profile⁠

TWOX vs XDSQ 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.

TWOX vs XDSQ Cost

Overpaying XDSQ vs TWOX

$4,638

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

  • TWOX 0.53%

    $10,536

  • XDSQ 0.79%

    $15,174

$10,000
30 years

Cost over time

  • TWOX 0.53%
  • XDSQ 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XDSQ $15,174TWOX $10,536

Year by year

YearTWOXXDSQOverpaying
10$953$1,405$452
20$3,658$5,331$1,673
30$10,536$15,174$4,638

Expense ratio

  • 0.53%TWOX, cheaper
  • 0.79%XDSQ
  • Middle half of S&P 500 Accelerated funds
  • Median 0.79%

TWOX cheapest of 12 funds

XDSQ 3rd cheapest of 12 funds

TWOX vs XDSQ Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
TWOX No data
XDSQ None
Last payment
TWOX $0.16
XDSQ No data
Ex-dividend
TWOX Dec 23, 2025
XDSQ No data
Paid on
TWOX Dec 29, 2025
XDSQ No data
Frequency
TWOX Irregular
XDSQ No data

Distribution history

Per share, 2025 to 2026, same scale for both

TWOXIrregular · 1 paymentAll TWOX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.16. Use the arrow keys to read each point.$0$0.102026YTD
XDSQAll XDSQ payments⁠

No distribution history available.

TWOX vs XDSQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TWOX 10.3%since Feb 2025XDSQ 10.4%
Return per unit of riskSharpe ratio, 3 years
TWOX 0.63since Feb 2025XDSQ 1.22
Worst fallMax drawdown, 5 years
TWOX −19.3%since Jan 2025XDSQ −26.1%
Market sensitivityBeta, 5 years
TWOX 0.73XDSQ 0.82

Popular comparisons

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    Expense ratio
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