APRJ vs IVV
Innovator Premium Income 30 Barrier ETF - April 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 508 holdings.
Side-by-Side Comparison
| Metric | APRJ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $32M | $907.0B | |
| Dividend Yield | 4.82% | 1.10% | |
| Holdings | 9 | 508 | |
| YTD Return | +1.22% | +12.71% | |
| 1Y Return | +0.52% | +21.89% | |
| 3Y Return (annualized) | +4.18% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 2.3% | 15.1% | |
| Max Drawdown | -4.7% | -56.5% | |
| Fund Family | Innovator ETFs Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 3, 2023 | May 15, 2000 |
APRJ vs IVV Performance
Innovator Premium Income 30 Barrier ETF - April (APRJ) 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 APRJ returned +0.52% while IVV returned +21.89%. Year to date, APRJ is up 1.22% versus a gain of 12.71% for IVV.
Over three years, APRJ compounded at +4.18% per year against +22.08% for IVV. Across the full 3-year window we track, IVV has the edge at +7.00% annualized vs +4.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.3% for APRJ. 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 -4.7% for APRJ 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
APRJ 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, APRJ currently yields 4.82% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, APRJ or IVV?
APRJ 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, APRJ or IVV?
Over the past year APRJ returned +0.52% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), APRJ annualized +4.63% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, APRJ or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.3% for APRJ. Worst drawdown: APRJ -4.7% vs IVV -56.5%.
Should I hold both APRJ and IVV?
APRJ and IVV have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, APRJ or IVV?
APRJ yields 4.82% while IVV yields 1.10%, so APRJ currently pays the higher dividend yield.
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