Innovator Equity Defined Protection ETF - 2 Yr to October 2027 (TOCT) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TOCT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TOCT
TOCT charges 0.79% annually. There are 92 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | TOCT vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | TOCT vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | TOCT vs JULB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | TOCT vs JANB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | TOCT vs FBUF |
Best Risk-Adjusted Alternatives to TOCT
Among 245 ETFs in the Defined Outcome category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | TOCT vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | TOCT vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | TOCT vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | TOCT vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | TOCT vs XBAP |
Top Performing TOCT Alternatives (YTD)
TOCT is at 2.28% YTD. There are 257 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | TOCT vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.70% | — | Jan 2025 | TOCT vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.15% | 214.51M | Mar 2020 | TOCT vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.87% | 568.10M | Mar 2021 | TOCT vs QMAR | |
| FT Vest Emerging Markets Buffer ETF - March | 12.87% | — | Mar 2025 | TOCT vs TMAR |
Lowest Volatility Alternatives to TOCT
TOCT has 2.99% 1-year volatility. There are 62 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | TOCT vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | TOCT vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.30% | — | Apr 2025 | TOCT vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | TOCT vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.41% | — | Mar 2025 | TOCT vs MMAX |
Lowest Drawdown Alternatives to TOCT
Among 245 ETFs in the Defined Outcome category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | TOCT vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | TOCT vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | TOCT vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | TOCT vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | TOCT vs CPSM |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 6 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 95 | 2.66% | 2.68B | Jun 2021 | TOCT vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 26 | 15.54% | 89.40M | Apr 2015 | TOCT vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 6.28% | 891.58M | Oct 2016 | TOCT vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 56 | 5.58% | 2.12B | Nov 2022 | TOCT vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 63 | 23.47% | 221.95M | Jul 2018 | TOCT vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 83 | 5.98% | 1.47B | Jan 2019 | TOCT vs PJAN | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 12.07% | 22.82M | Apr 2021 | TOCT vs XTAP | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.65% | 404.39M | Mar 2019 | TOCT vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 88 | 5.78% | 1.12B | Aug 2018 | TOCT vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 60 | 6.01% | 543.68M | Jan 2024 | TOCT vs QFLR |
Often Compared With TOCT
Investors most often compare TOCT with ZMAY, QB, LJUL. These 9 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Equity Defined Protection ETF - 1 Yr May | Defined Outcome | 96 | 2.36% | — | May 2025 | TOCT vs ZMAY | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | Defined Outcome, Nasdaq-100 | 94 | 12.30% | 2.84M | Jun 2025 | TOCT vs QB | |
| Innovator Premium Income 15 Buffer ETF - July | Defined Outcome | 97 | 2.29% | — | Jun 2024 | TOCT vs LJUL | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | Defined Outcome, Nasdaq-100 | 97 | 12.04% | 25.92M | Dec 2024 | TOCT vs PQAP | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 80 | 6.28% | 967.98M | Sep 2018 | TOCT vs POCT | |
| Innovator Emerging Markets Power Buffer ETF - Apri... | Defined Outcome | 85 | 10.08% | 104.11M | Mar 2021 | TOCT vs EAPR | |
| Innovator IBD Breakout Opportunities ETF | Mid Cap Growth Equities | 48 | 28.54% | 15.73M | Sep 2018 | TOCT vs BOUT | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | Defined Outcome | — | 11.90% | — | Jul 2025 | TOCT vs UXJL | |
| Innovator U.S. Small Cap Power Buffer ETF - March | Defined Outcome | 89 | 11.85% | — | Feb 2025 | TOCT vs KMAR |
Compare TOCT with Any Fund or Stock
Compare TOCT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TOCT with funds that move differently
Innovator Equity Defined Protection ETF - 2 Yr to October 2027 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TOCT.
Explore TOCT Diversifiers