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TWOX vs XUSP

iShares Large Cap Accelerated Outcome ETF

TWOXACboe

Innovator Uncapped Accelerated U.S. Equity ETF

XUSPBCboe

Overlap

Expense ratio

TWOX −0.26pt a year

TWOX0.53%XUSP0.79%

Avg volume · 30D

TWOX 1.2×the volume

TWOX4.75KXUSP3.85K

TWOX vs XUSP Performance

Oct 31, 2025 – Oct 30, 2026

+9.3%TWOX+9.6%XUSP

Oct 31, 2025 to Oct 30, 2026. TWOX +9.3%. XUSP +9.6%. Use the arrow keys to read each point.−10%−5%0%15%Oct 2025Apr 2026Oct 2026
Expense ratio
TWOX 0.53%, better
XUSP 0.79%
Fund size
TWOX $23M
XUSP $53M
1Y total return
TWOX +9.3%
XUSP +9.6%, better
Holdings
TWOX 4
XUSP 9
Avg volume (30D)
TWOX 4.75K sh, better
XUSP 3.85K sh
NAV per share
TWOX $30.01
XUSP $52.61
52W range

ETF.net Grade

TWOX: Cost 97, Risk 34, Mission not scored, Tradability 69, Holdings 57, Durability 72. XUSP: Cost 63, Risk 20, Mission not scored, Tradability 71, Holdings not scored, Durability 72.
Pillar letters and Scores for TWOX, XUSP, with each pillar’s weight
PillarTWOXXUSP
Cost30% weightA97HigherB63
Mission25% weightNot scoredNot scored
Risk15% weightD34HigherF20
Tradability15% weightB69A71Higher
Holdings10% weightB57Not scored
Durability5% weightA72A72

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 XUSP 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 XUSP 6th 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 4BXTOCInnovator U.S. Equity Accelerated Plus ETFScore 60
  4. Rank 6BXUSPInnovator Uncapped Accelerated U.S. Equity ETFScore 55
  5. Rank 7DDGAPFT Vest U.S. Equity Buffer & Digital Return ETF - AprilScore 39

Our read on each fund

ETF.net Research

TWOXAiShares Large Cap Accelerated Outcome ETF

XUSPBInnovator Uncapped Accelerated U.S. Equity ETF

In short

TWOX No data

XUSP Most accelerated funds buy extra upside by selling you a cap. XUSP skips the cap: each option package sits out SPY's first 5% of gains, then aims to amplify what comes after, on a rolling quarterly ladder.

Stated mandate

TWOX No data

XUSP XUSP seeks potential to outperform SPY’s price return once its performance thresholds are exceeded. It pursues uncapped enhanced upside through four one-year FLEX option packages with laddered quarterly expirations; each package does not participate in SPY’s first 5% of gains.

Why people hold it

TWOX No data

  • XUSP Uncapped by design. Where most enhanced-upside strategies bolt a ceiling onto the payoff, this one aims to keep amplifying SPY's advance above the threshold.globenewswire.com
  • Four one-year FLEX option packages expire on a quarterly ladder, so no single start date sets the terms for your whole position the way a dated outcome fund does.innovatoretfs.com
  • At 0.79%, the fee sits level with the median for accelerated SPY strategies, including Innovator siblings XTAP and XDSQ. The uncapped twist doesn't cost more.

Worth knowing

TWOX No data

  • XUSP The 5% giveback is the price of admission. Each package skips SPY's first 5% of gains, which stings most in flat or single-digit years.innovatoretfs.com
  • The engineering is all on the upside. There's no buffer, and the reference point is SPY's price return, so dividends sit outside the payoff.innovatoretfs.com
  • Small and thinly traded next to plain index funds, so limit orders and avoiding the opening and closing minutes are worth the habit.

Full TWOX profile⁠

Full XUSP profile⁠

TWOX vs XUSP 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 XUSP Cost

Overpaying XUSP vs TWOX

$4,638

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

  • TWOX 0.53%

    $10,536

  • XUSP 0.79%

    $15,174

$10,000
30 years

Cost over time

  • TWOX 0.53%
  • XUSP 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$20K051015202530XUSP $15,174TWOX $10,536

Year by year

YearTWOXXUSPOverpaying
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%XUSP
  • Middle half of S&P 500 Accelerated funds
  • Median 0.79%

TWOX cheapest of 12 funds

XUSP 3rd cheapest of 12 funds

TWOX vs XUSP Dividends

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

No distribution history available.

TWOX vs XUSP 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 2025XUSP 16.9%
Return per unit of riskSharpe ratio, 3 years
TWOX 0.63since Feb 2025XUSP 1.23
Worst fallMax drawdown, 5 years
TWOX −19.3%since Jan 2025XUSP −22.6%since Aug 2022
Market sensitivityBeta, 5 years
TWOX 0.73XUSP 1.36

Popular comparisons

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