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XBOC vs XTJL

Innovator U.S. Equity Accelerated 9 Buffer ETF

XBOCCCboe

Innovator U.S. Equity Accelerated Plus ETF - July

XTJLCCboe

Overlap

97.2%by weight

Expense ratio

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

XBOC0.79%XTJL0.79%

Avg volume · 30D

XBOC 1.8×the volume

XBOC5.18KXTJL2.9K

5Y return · a year

XTJL +1.3pt

XBOC+7.9%XTJL+9.2%

XBOC vs XTJL Performance

Oct 29, 2021 – Oct 30, 2026

+46.3%XBOC+55.5%XTJL

Oct 29, 2021 to Oct 30, 2026. XBOC +46.3%. XTJL +55.5%. Use the arrow keys to read each point.−20%0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
XBOC 0.79%
XTJL 0.79%
Fund size
XBOC $59M
XTJL $17M
1Y total return
XBOC +9.8%
XTJL +10.8%, better
Holdings
XBOC 5
XTJL 4
Avg volume (30D)
XBOC 5.18K sh, better
XTJL 2.9K sh
NAV per share
XBOC $36.32
XTJL $42.25
52W range

ETF.net Grade

XBOC: Cost 59, Risk 42, Mission 92, Tradability 46, Holdings 58, Durability 49. XTJL: Cost 59, Risk 37, Mission not scored, Tradability 42, Holdings 59, Durability 43.
Pillar letters and Scores for XBOC, XTJL, with each pillar’s weight
PillarXBOCXTJL
Cost30% weightB59B59
Mission25% weightA92Not scored
Risk15% weightC42HigherD37
Tradability15% weightC46HigherC42
Holdings10% weightB58B59Higher
Durability5% weightC49HigherC43

Rank among S&P 500 Accelerated, 9-12% Buffer funds

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

Same Category. XBOC and XTJL are both graded against the same 6 S&P 500 Accelerated, 9-12% Buffer funds, so their Grades compare head to head.

S&P 500 Accelerated, 9-12% Buffer⁠

Category · 6 funds
See all 6 ›

XBOC ranks 4th and XTJL 5th of 6 funds in the S&P 500 Accelerated, 9-12% Buffer Category.

  1. Rank 1BXBAPInnovator U.S. Equity Accelerated 9 Buffer ETFScore 63
  2. Rank 2BXBJLInnovator U.S. Equity Accelerated 9 Buffer ETFScore 56
  3. Rank 3CXBJAInnovator U.S. Equity Accelerated 9 Buffer ETFScore 54
  4. Rank 4CXBOCInnovator U.S. Equity Accelerated 9 Buffer ETFScore 52
  5. Rank 5CXTJLInnovator U.S. Equity Accelerated Plus ETF - JulyScore 50
  6. Rank 6DDGJLFT Vest U.S. Equity Buffer & Digital Return ETF - JulyScore 36

Our read on each fund

ETF.net Research

XBOCCInnovator U.S. Equity Accelerated 9 Buffer ETF

XTJLCInnovator U.S. Equity Accelerated Plus ETF - July

In short

XBOC Double the S&P 500's upside to a preset cap, with the first 9% of a drop absorbed and ordinary exposure after that. XBOC runs that bargain on an October-to-September clock and resets for a new one every year.

XTJL The no-airbag option in the defined-outcome world: triple the rise of an S&P 500 ETF up to a preset cap, one-for-one on the way down, measured point to point over a July-to-June year rather than reset daily.

Stated mandate

XBOC The Fund seeks to deliver twice the increase of its Underlying ETF during the Outcome Period, subject to an upside return cap.

XTJL The Fund seeks three times the increase of an ETF tracking the S&P 500 Index, subject to a 17.10% upside cap before fees, while approximately matching losses during the July 1, 2026–June 30, 2027 outcome period. It does not provide a downside buffer.

Why people hold it

  • XBOC The deal is spelled out before you buy: 2x the underlying S&P 500 ETF's upside to a cap, roughly 1x on the way down after the first 9% of losses is absorbed.cboe.com
  • Outcome periods run October through September and reset automatically, so the position can be held indefinitely instead of rebought each year.innovatoretfs.comsec.gov
  • 0.79% expense ratio, the same sticker as its Innovator accelerated-buffer siblings (XBAP, XBJA, XBJL). No fee premium for picking the October start date.
  • XTJL The 3x upside is measured point to point across the one-year outcome period, not reset daily, so a choppy path in between doesn't compound against the payoff.innovatoretfs.com
  • That leverage is built from FLEX options on an S&P 500 ETF inside a fund wrapper: no margin account, no borrowing, no bank issuer standing behind the payoff.innovatoretfs.cominnovatoretfs.com 2
  • At 0.79%, the fee sits right at the median of Innovator's accelerated series. The amped-up version costs the same as the buffered ones.
  • Cap and outcome period re-strike every July 1 at then-current option prices, so the terms refresh each year instead of being frozen at launch in 2021.innovatoretfs.com

Worth knowing

  • XBOC The advertised outcomes assume you own it from the first day of the outcome period to the last. Buy midstream and your own cap and remaining buffer differ from the headline.sec.gov
  • Built on the underlying ETF's price return, so S&P 500 dividends do not flow through to shareholders.sec.gov
  • Thinly traded compared with mainstream index funds, which can mean wider bid-ask spreads at the moment you trade.
  • XTJL No buffer here. Declines in the underlying S&P 500 ETF pass through roughly one-for-one while gains stop at the cap, an asymmetry that cuts against you in a down year.innovatoretfs.com
  • The stated 3x and cap describe a full July-to-June hold. Buy mid-period and your effective acceleration and remaining upside differ from the headline terms.innovatoretfs.com
  • Exposure follows the underlying ETF's share price, so index dividends sit outside the payoff, and this is one of the smaller, thinly traded names in the lineup.innovatoretfs.com

Full XBOC profile⁠

Full XTJL profile⁠

XBOC vs XTJL Holdings

How XBOC and XTJL differ

Overlap by weight

97.2%

Shared holdings make up 98.3% of XBOC and 97.4% of XTJL.

Level by level

  • Holdings2 in both97.2%
  • Sector11 Sectors97.8%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in XBOC and XTJL, widest gap first
SectorMore in XBOCMore in XTJL
TechnologyXBOC +1.8 points
FinancialsXTJL +0.9 points
Consumer DiscretionaryXTJL +0.5 points
CommunicationXBOC +0.5 points
IndustrialsXTJL +0.2 points
Consumer StaplesXTJL +0.2 points
MaterialsXTJL +0.1 points
UtilitiesXTJL +0.1 points
Real EstateXTJL +0.1 points
EnergyXTJL +0.1 points
Health CareSame weight

Country, concentration and asset class

Country by domicile

Country weights in XBOC and XTJL, widest gap first
CountryMore in XBOCMore in XTJL
United StatesSame weight
SwitzerlandSame weight
ChinaSame weight
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • XBOC112.0%
  • XTJL112.6%

Securities held

  • XBOC5
  • XTJL4

Asset class

XBOC
Equity
XTJL
Equity

Holdings

  • Only in XBOC3
  • In both2
  • Only in XTJL2

Only in XBOC

3 securities, 13.6% of XBOC by weight

  • Voo 09/30/2027 700.88 C8.09%
  • Voo 09/30/2027 700.88 P5.44%
  • Voo 09/30/2027 728.92 C0.11%

Only in XTJL

2 securities, 15.1% of XTJL by weight

  • Voo 06/30/2027 686.83 C15.02%
  • Voo 06/30/2027 714.3 C0.10%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in XBOC and XTJL, widest gap first
HoldingMore in XBOCMore in XTJL
Vanguard S&P 500 ETFVOOXBOC +1.10 points
Us Bank Mmda - Usbgfs 9 09/01/2037XTJL +0.22 points

All 7 XBOC holdings⁠All 5 XTJL 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.

XBOC vs XTJL Cost

Same expense ratio

$15,174

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

  • XBOC 0.79%

    $15,174

  • XTJL 0.79%

    $15,174

$10,000
30 years

Cost over time

  • XBOC 0.79%
  • XTJL 0.79%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XBOC $15,174XTJL $15,174

Year by year

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

Expense ratio

  • 0.79%XBOC
  • 0.79%XTJL
  • Middle half of S&P 500 Accelerated, 9-12% Buffer funds
  • Median 0.79%

XBOC cheapest of 6 funds

XTJL cheapest of 6 funds

XBOC vs XTJL Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
XBOC None
XTJL None

Distribution history

XBOCAll XBOC payments⁠

No distribution history available.

XTJLAll XTJL payments⁠

No distribution history available.

XBOC vs XTJL Risk

Fall from peak · 5 years

  • XBOC
  • XTJL
Oct 29, 2021 to Oct 30, 2026. Worst fall: XTJL −23.2% · Oct 2022. Use the arrow keys to read each point.−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
XBOC 6.0%, betterXTJL 7.7%
Return per unit of riskSharpe ratio, 3 years
XBOC 1.16XTJL 1.56, better
Worst fallMax drawdown, 5 years
XBOC −13.4%, betterXTJL −23.2%
Market sensitivityBeta, 5 years
XBOC 0.40XTJL 0.58

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