- Issuer
- Innovator
- Inception Date
- Sep 30, 2025
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- US
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TOCT Performance Chart
Innovator Equity Defined Protection ETF - 2 Yr to October 2027 (TOCT) is up 1.9% since the beginning of the year. TOCT is currently trading at $27 per share.
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Returns By Period
Innovator Equity Defined Protection ETF - 2 Yr to October 2027
- 1D
- 0.13%
- 1M
- 0.09%
- YTD
- 1.90%
- 6M
- 2.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
TOCT Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2025, TOCT's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +2.2%, while the worst month was Mar 2026 at -1.3%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 1 months.
On a daily basis, TOCT closed higher 51% of trading days. The best single day was Apr 8, 2026 with a return of +0.8%, while the worst single day was Mar 26, 2026 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | 0.13% | -1.33% | 2.23% | 0.84% | -0.24% | 1.90% | ||||||
| 2025 | -0.19% | 0.13% | 0.40% | 0.34% |
Benchmark Metrics
Innovator Equity Defined Protection ETF - 2 Yr to October 2027 has an annualized alpha of 0.25%, beta of 0.19, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since October 01, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.49%) than losses (14.13%) - typical of diversified or defensive assets.
- Beta of 0.19 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.25%
- Beta
- 0.19
- R²
- 0.72
- Upside Capture
- 14.49%
- Downside Capture
- 14.13%
Expense Ratio
TOCT has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 2 Yr to October 2027 (TOCT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TOCT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator Equity Defined Protection ETF - 2 Yr to October 2027. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator Equity Defined Protection ETF - 2 Yr to October 2027 was 2.02%, occurring on Mar 27, 2026. Recovery took 11 trading sessions.
The current Innovator Equity Defined Protection ETF - 2 Yr to October 2027 drawdown is 0.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -2.02%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2025 pullback2025 | -1.33%Nov 2025 | 23d | 1mo 18d | 2mo 11dOct 2025 - Jan 2026 |
2026 pullback2026 | -0.74%Jun 2026 | 9d | — | 21d 23hJun 2026 - now |
2026 pullback2026 | -0.61%Feb 2026 | 2d | 4d | 6dFeb 2026 - Feb 2026 |
2025 pullback2025 | -0.49%Oct 2025 | 9d | 10d | 19dOct 2025 - Oct 2025 |
Drawdown Indicators
| TOCT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.02% | -56.78% | +54.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.24% | -2.49% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -10.72% | +10.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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