PSEP vs SPY

APSEP

BSPY

Measures won2–4SPY wins · of 6 · 5Y

$10,000 · 5Y$17,543VOO · SPY $17,493

Lowest cost0.03%VOO · $3 on $10k

Most income1.07%VOO · $107 on $10k

Smallest drop−4.1%PSEP · worst fall in 1Y

Held in common95.9%PSEP and SPY

PSEP

SPY

Innovator U.S. Equity Power Buffer ETF · $1.2BState Street SPDR S&P 500 ETF · $778B

+12.6%3 years · per year$14,263 · $18,118+21.9%

+9.2%5 years · per year$15,528 · $17,493+11.8%

0.79%Expense ratio$79 · $9 on $10k · lower wins0.09%

0.00%12-mo yield$0 · $101 on $10k1.01%

−4.1%Worst dropSmaller wins−8.9%

6.3%VolatilityLower wins13.7%

2–4SPY wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsPSEP · SPY

7.6%AAPL7.9%

6.8%NVDA7.1%

6.0%MSFT6.2%

3.9%AMZN4.0%

Held in common95.9%

End-of-day Nov 9, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+2.3%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$1.00T
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.01%	+2.4%	+11.2%	+13.5%	+21.9%	+11.8%	−8.9%	$777.9B
3	APSEP	Innovator U.S. Equity Power Buffer ETFRead Desk	0.79%	0.00%	+1.3%	+6.5%	+8.4%	+12.6%	+9.2%	−4.1%	$1.2B

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+2.3%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$1.00T
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.01%	+2.4%	+11.2%	+13.5%	+21.9%	+11.8%	−8.9%	$777.9B
3	APSEP	Innovator U.S. Equity Power Buffer ETFRead Desk	0.79%	0.00%	+1.3%	+6.5%	+8.4%	+12.6%	+9.2%	−4.1%	$1.2B

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

PSEP vs SPY

PSEP

Innovator U.S. Equity Power Buffer

$15,528

SPY

SPDR S&P 500

$17,493

MeasurePSEPSPY

Fee0.79%0.09%

Cost on $10k a year$79$9

Yield0.00%1.01%

5 years, per year+9.2%+11.8%

3 years, per year+12.6%+21.9%

Worst drop · 1Y−4.1%−8.9%

Volatility · 1Y6.3%13.7%

4–2measures won
SPY first

95.9%

holdings shared

Nov 9, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+11.3%

SPYSPDR

+11.2%

+11.3%Year to date+11.2%

1.0%Yield1.0%

$179BAssets$778B

1–0SPYM wins

End-of-day Nov 9, 2026

VOO vs IVV

YTD

VanguardVOO

+11.3%

IVViShares

+11.3%

+11.3%Year to date+11.3%

1.1%Yield1.1%

$1.00TAssets$875B

0–0level

End-of-day Nov 9, 2026

SCHD vs VIG

YTD

SchwabSCHD

+33.2%

VIGVanguard

+14.8%

+33.2%Year to date+14.8%

3.0%Yield1.5%

$122BAssets$109B

2–0SCHD wins

End-of-day Nov 9, 2026

Overlap: PSEP, SPY, VOO

Today

95.9%most shared, PSEP and SPY

PSEPSPYVOO

PSEP—95.9%91.1%

SPY95.9%—92.7%

VOO91.1%92.7%—

End-of-day Nov 9, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$104most kept, VOO

VOO$107 − $3 = $104

SPY$101 − $9 = $92

PSEP$0 − $79 = −$79

KeptFee

End-of-day Nov 9, 2026 · yield in dollars minus the fee