BSEP vs SPY
Innovator U.S. Equity Buffer ETF - September against State Street SPDR S&P 500 ETF Trust: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
98%
500 shared positions
Fee gap
70 bp
SPY is cheaper
1-year return gap
2.6 pts
SPY is ahead
Larger fund
SPY
$818.4B
Side by side
| BSEP | SPY | |
|---|---|---|
| Fund | Innovator U.S. Equity Buffer ETF - September | State Street SPDR S&P 500 ETF Trust |
| Issuer | Innovator | State Street SPDR |
| Category | Buffer | Large Cap Blend |
| Expense ratio | 0.79% | 0.10% |
| Assets | $464M | $818.4B |
| Average daily dollar volume | $3.0M | $33.5B |
| Listed | Aug 30, 2019 | Jan 22, 1993 |
| FrenzyCap score | 54 | 89 |
| 1-month return | −0.1% | −0.0% |
| 3-month return | +3.3% | +4.7% |
| Year to date | +10.7% | +13.4% |
| 1-year return | +12.5% | +15.2% |
| 30-day volatility | 7.5% | 10.1% |
| Worst drawdown, 1 year | −5.7% | −9.1% |
| Trailing 12-month yield | — | 0.98% |
| Holdings | 507 | 505 |
| Top 10 weight | 40.9% | 38.4% |
| Look-through P/E | 25.8 | 25.6 |
| Holdings vs fair value | +1.8% | +1.9% |
| Holdings above 200-day average | 70% | 70% |
| Net flow, latest 3 reported months | — | — |
| 30-day implied volatility | — | 13.6% |
| Holdings as of | as of Oct 21, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
98% of BSEP · 99% of SPY| Holding | BSEP | SPY |
|---|---|---|
| NVDA | 7.92% | 7.88% |
| AAPL | 7.40% | 7.46% |
| MSFT | 5.83% | 5.94% |
| AMZN | 3.80% | 3.88% |
| GOOGL | 2.90% | 3.00% |
| AVGO | 2.37% | 2.39% |
| GOOG | 2.32% | 2.41% |
| META | 2.27% | 2.30% |
| TSLA | 1.61% | 1.58% |
| MU | 1.52% | 1.52% |
| LLY | 1.50% | 1.55% |
| BRK.B | 1.48% | 1.51% |
| JPM | 1.37% | 1.34% |
| AMD | 1.33% | 1.31% |
| XOM | 1.08% | 1.10% |
| V | 1.02% | 1.04% |
| JNJ | 0.92% | 0.94% |
| WMT | 0.77% | 0.79% |
| MA | 0.74% | 0.76% |
| ABBV | 0.74% | 0.77% |
| INTC | 0.68% | 0.69% |
| PLTR | 0.68% | 0.67% |
| CVX | 0.66% | 0.67% |
| COST | 0.65% | 0.66% |
| CSCO | 0.62% | 0.63% |
Sector mix of the stock holdings
| Sector | BSEP | SPY | Gap |
|---|---|---|---|
| Technology | 46.0% | 46.4% | −0.4% |
| Industrials | 10.6% | 10.8% | −0.2% |
| Consumer Discretionary | 10.3% | 10.5% | −0.2% |
| Financials | 9.2% | 9.3% | −0.1% |
| Health Care | 8.5% | 8.8% | −0.2% |
| Consumer Staples | 3.3% | 3.4% | −0.1% |
| Energy | 3.1% | 3.2% | −0.1% |
| Utilities | 2.5% | 2.6% | −0.0% |
| Materials | 1.8% | 1.9% | −0.0% |
| Real Estate | 1.7% | 1.7% | −0.0% |
| Communication Services | 1.2% | 1.3% | −0.1% |
More: full overlap table · BSEP holdings · SPY holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.