SPY vs TOCT
State Street SPDR S&P 500 ETF Trust vs Innovator Equity Defined Protection ETF - 2 Yr to October 2027
Which is better, SPY or TOCT?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y.
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
| Metric | SPY | TOCT |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.79% |
| AUM | $804.7B | $14M |
| Dividend Yield | 0.98% | 0.00% |
| Holdings | 505 | 5 |
| YTD Return | +12.99%Best | +3.10% |
| 1Y Return | +16.73%Best | +3.45% |
| 3Y Return (annualized) | +22.52% | - |
| 5Y Return (annualized) | +13.07% | - |
| Fund Family | State Street Investment Management | Innovator ETFs Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | - |
| Inception | Jan 22, 1993 | Oct 1, 2025 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs TOCT 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs TOCT Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Innovator Equity Defined Protection ETF - 2 Yr to October 2027 (TOCT) is an ETF from Innovator ETFs Trust. Over the past year SPY returned +16.73% while TOCT returned +3.45%. Year to date, SPY is up 12.99% versus a gain of 3.10% for TOCT.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while TOCT charges 0.79%. On a $10,000 position that is $9 vs $79 annually, a gap of $70 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.00% for TOCT.
You are not choosing between two funds in isolation.
Whichever of SPY and TOCT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TOCT?
SPY has an expense ratio of 0.09% while TOCT charges 0.79%. SPY is the cheaper option, by $70 a year on a $10,000 investment.
Which performed better, SPY or TOCT?
Over the past year SPY returned +16.73% vs +3.45% for TOCT, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which pays a higher dividend, SPY or TOCT?
SPY yields 0.98% while TOCT yields 0.00%, so SPY currently pays the higher dividend yield.
Is TOCT better than SPY?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.