AAPR vs VOO
Innovator Equity Defined Protection ETF - 2 Yr to April 2026 vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | AAPR | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $73M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 7 | 509 | |
| YTD Return | +4.70% | +12.68% | |
| 1Y Return | +7.98% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 3.0% | 14.1% | |
| Max Drawdown | -6.0% | -34.3% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 1, 2024 | Sep 7, 2010 |
AAPR vs VOO Performance
Innovator Equity Defined Protection ETF - 2 Yr to April 2026 (AAPR) is a ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year AAPR returned +7.98% while VOO returned +21.87%. Year to date, AAPR is up 4.70% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.0% for AAPR. 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 -6.0% for AAPR and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AAPR charges 0.79% per year while VOO charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, AAPR currently yields 0.00% against 1.08% for VOO.
Holdings Overlap
AAPR and VOO share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AAPR or VOO?
AAPR has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, AAPR or VOO?
Over the past year AAPR returned +7.98% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), AAPR annualized +7.92% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, AAPR or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.0% for AAPR. Worst drawdown: AAPR -6.0% vs VOO -34.3%.
Should I hold both AAPR and VOO?
AAPR and VOO have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AAPR and VOO?
AAPR and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, AAPR or VOO?
AAPR yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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