APOC vs IVV
Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | APOC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $70M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 7 | 508 | |
| YTD Return | +0.92% | +13.43% | |
| 1Y Return | +2.80% | +22.61% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 3.7% | 15.1% | |
| Max Drawdown | -4.2% | -56.5% | |
| Fund Family | Innovator ETFs Trust | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 1, 2024 | May 15, 2000 |
APOC vs IVV Performance
Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct (APOC) is a ETF from Innovator ETFs Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year APOC returned +2.80% while IVV returned +22.61%. Year to date, APOC is up 0.92% versus a gain of 13.43% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.7% for APOC. 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 -4.2% for APOC and -56.5% for IVV. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
APOC charges 0.79% per year while IVV 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, APOC currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
APOC and IVV 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, APOC or IVV?
APOC has an expense ratio of 0.79% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, APOC or IVV?
Over the past year APOC returned +2.80% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), APOC annualized +2.74% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, APOC or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.7% for APOC. Worst drawdown: APOC -4.2% vs IVV -56.5%.
Should I hold both APOC and IVV?
APOC and IVV have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between APOC and IVV?
APOC and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, APOC or IVV?
APOC yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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