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TWOX vs XTOC

iShares Large Cap Accelerated Outcome ETF

TWOXACboe

Innovator U.S. Equity Accelerated Plus ETF

XTOCBCboe

Overlap

Expense ratio

TWOX −0.26pt a year

TWOX0.53%XTOC0.79%

Avg volume · 30D

XTOC 1.4×the volume

TWOX4.75KXTOC6.64K

TWOX vs XTOC Performance

Oct 31, 2025 – Oct 30, 2026

+9.3%TWOX+12.4%XTOC

Oct 31, 2025 to Oct 30, 2026. TWOX +9.3%. XTOC +12.4%. Use the arrow keys to read each point.−5%0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
TWOX 0.53%, better
XTOC 0.79%
Fund size
TWOX $23M
XTOC $18M
1Y total return
TWOX +9.3%
XTOC +12.4%, better
Holdings
TWOX 4
XTOC 4
Avg volume (30D)
TWOX 4.75K sh
XTOC 6.64K sh, better
NAV per share
TWOX $30.01
XTOC $37.10
52W range

ETF.net Grade

TWOX: Cost 97, Risk 34, Mission not scored, Tradability 69, Holdings 57, Durability 72. XTOC: Cost 63, Risk 55, Mission not scored, Tradability 58, Holdings 37, Durability 64.
Pillar letters and Scores for TWOX, XTOC, with each pillar’s weight
PillarTWOXXTOC
Cost30% weightA97HigherB63
Mission25% weightNot scoredNot scored
Risk15% weightD34B55Higher
Tradability15% weightB69HigherB58
Holdings10% weightB57HigherD37
Durability5% weightA72HigherB64

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 XTOC 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 XTOC 4th 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 4BXTJAInnovator U.S. Equity Accelerated Plus ETFScore 60
  4. Rank 4BXTOCInnovator U.S. Equity Accelerated Plus ETFScore 60
  5. Rank 6BXUSPInnovator Uncapped Accelerated U.S. Equity ETFScore 55

Our read on each fund

ETF.net Research

TWOXAiShares Large Cap Accelerated Outcome ETF

XTOCBInnovator U.S. Equity Accelerated Plus ETF

In short

TWOX No data

XTOC Upside-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

TWOX No data

XTOC 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

TWOX No data

  • XTOC Built 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
  • The 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
  • The 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

TWOX No data

  • XTOC The 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
  • No 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
  • A small fund that trades lightly, which can mean wider bid-ask spreads than mainstream index ETFs.

Full TWOX profile⁠

Full XTOC profile⁠

TWOX vs XTOC 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 XTOC Cost

Overpaying XTOC vs TWOX

$4,638

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

  • TWOX 0.53%

    $10,536

  • XTOC 0.79%

    $15,174

$10,000
30 years

Cost over time

  • TWOX 0.53%
  • XTOC 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$20K051015202530XTOC $15,174TWOX $10,536

Year by year

YearTWOXXTOCOverpaying
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%XTOC
  • Middle half of S&P 500 Accelerated funds
  • Median 0.79%

TWOX cheapest of 12 funds

XTOC 3rd cheapest of 12 funds

TWOX vs XTOC Dividends

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

No distribution history available.

TWOX vs XTOC 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 2025XTOC 8.7%
Return per unit of riskSharpe ratio, 3 years
TWOX 0.63since Feb 2025XTOC 1.17
Worst fallMax drawdown, 5 years
TWOX −19.3%since Jan 2025XTOC −24.1%
Market sensitivityBeta, 5 years
TWOX 0.73XTOC 0.60

Popular comparisons

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