POCT vs SPY

POCT vs SPY

Which is better, POCT or SPY?

Option Writing against Large Cap Blend.

SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. POCT is less concentrated, with 38.4% of the fund in its ten largest positions against 38.9%.

Lower Fees: SPYHigher Returns: SPYLess Concentrated: POCT

MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.

Side-by-Side Comparison

MetricPOCTSPY
Expense Ratio0.79%0.09%Best
AUM$1.1B$777.9B
Dividend Yield0.00%1.00%
Holdings1,0151,011
YTD Return+9.29%+12.09%Best
1Y Return+10.32%+12.45%Best
3Y Return (annualized)+11.44%+21.45%Best
5Y Return (annualized)+9.72%+11.87%Best
Volatility (annualized)7.5%Best16.5%
Max Drawdown-18.8%Best-34.1%
$10,000 over 5 years$15,901$17,521Best
Top 10 Weight38.4%Best38.9%
Fund FamilyInnovator ETFs TrustState Street Investment Management
CategoryAlternativeEquity
StyleOption WritingLarge Cap Blend
InceptionSep 28, 2018Jan 22, 1993

Volatility and max drawdown are measured over the window both funds cover: Oct 1, 2018 to Nov 11, 2026 (8.1 years).

POCT vs SPY growth

Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.1 years both funds cover.

POCT vs SPY Performance

Innovator US Equity Power Buffer ETF - October (POCT) is an ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year POCT returned +10.32% while SPY returned +12.45%. Year to date, POCT is up 9.29% versus a gain of 12.09% for SPY.

Over three years, POCT compounded at +11.44% per year against +21.45% for SPY; over five years the annualized figures are +9.72% and +11.87% respectively. Across the full 8-year window we track, SPY has the edge at +13.59% annualized vs +8.87%.

Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

SPY has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 7.5% for POCT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -18.8% for POCT and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

POCT charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, POCT currently yields 0.00% against 1.00% for SPY.

Holdings Overlap

POCT already in SPY97.8%
SPY already in POCT98.6%

97.8% of POCT's money is in holdings SPY also owns. 98.6% of SPY's money is in holdings POCT also owns.

Most of SPY is already inside POCT. Owning both mostly buys the same companies twice.

490 positions in common, counted across the 494 positions we hold weights for in POCT and 504 in SPY, against full books of 1,015 and 1,011.

What only one of them owns

Our book lists 9 positions for SPY that do not appear in our book for POCT (1.1% of the fund), and 4 for POCT that do not appear in SPY (0.9%).

Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.

Top Shared Holdings

StockWeight in POCTWeight in SPYDifference
NVDANvidia Corp7.96%8.05%0.09%
AAPLApple Inc7.44%7.53%0.09%
MSFTMicrosoft Corp5.89%5.96%0.07%
AMZNAmazon.Com Inc3.71%3.75%0.04%
GOOGLAlphabet Inc3.03%3.07%0.04%
AVGOBroadcom Inc2.45%2.48%0.03%
GOOGAlphabet Inc. C2.43%2.46%0.03%
METAMeta Platforms Inc2.42%2.45%0.03%
TSLATesla Inc1.54%1.56%0.02%
MUMicron Technology, Inc.1.53%1.55%0.02%

98.6% of SPY is already inside POCT.

You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.

POCTSPY

Free for up to 10 holdings. No account needed.

Frequently Asked Questions

Which is cheaper, POCT or SPY?

POCT has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option, by $70 a year on a $10,000 investment.

Which performed better, POCT or SPY?

Over the past year POCT returned +10.32% vs +12.45% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), POCT annualized +8.87% vs +13.59% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.

Which is riskier, POCT or SPY?

SPY has been the more volatile fund at 16.5% annualized versus 7.5% for POCT. Worst drawdown: POCT -18.8% vs SPY -34.1%.

Should I hold both POCT and SPY?

POCT and SPY have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.

What is the holdings overlap between POCT and SPY?

98.6% of SPY's money is in holdings POCT also owns. 98.6% of SPY's is in holdings POCT also owns. They hold 490 positions in common, counted across the 494 positions we hold weights for in POCT and 504 in SPY.

Which pays a higher dividend, POCT or SPY?

POCT yields 0.00% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.

Is SPY better than POCT?

SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. POCT is less concentrated, with 38.4% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.