BALT vs IVV
Innovator Defined Wealth Shield ETF vs iShares Core S&P 500 ETF
Which is better, BALT or IVV?
Multi Alternative against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BALT | IVV |
|---|---|---|
| Expense Ratio | 0.69% | 0.03%Best |
| AUM | $2.9B | $876.4B |
| Dividend Yield | 0.00% | 1.06% |
| Holdings | 12 | 508 |
| YTD Return | +4.29% | +14.15%Best |
| 1Y Return | +6.71% | +17.31%Best |
| 3Y Return (annualized) | +7.95% | +23.17%Best |
| 5Y Return (annualized) | +6.27% | +13.85%Best |
| Volatility (annualized) | 2.6%Best | 15.7% |
| Max Drawdown | -4.9%Best | -24.5% |
| $10,000 over 5 years | $13,554 | $19,128Best |
| Fund Family | Innovator ETFs Trust | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jun 30, 2021 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 1, 2021 to Sep 21, 2026 (5.2 years).
BALT vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.2 years both funds cover.
BALT vs IVV Performance
Innovator Defined Wealth Shield ETF (BALT) is an ETF from Innovator ETFs Trust and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year BALT returned +6.71% while IVV returned +17.31%. Year to date, BALT is up 4.29% versus a gain of 14.15% for IVV.
Over three years, BALT compounded at +7.95% per year against +23.17% for IVV; over five years the annualized figures are +6.27% and +13.85% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 2.6% for BALT. 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 -4.9% for BALT and -24.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
BALT charges 0.69% per year while IVV charges 0.03%. On a $10,000 position that is $69 vs $3 annually, a gap of $66 per year that compounds over a long holding period. On income, BALT currently yields 0.00% against 1.06% for IVV.
You are not choosing between two funds in isolation.
Whichever of BALT and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BALT or IVV?
BALT has an expense ratio of 0.69% while IVV charges 0.03%. IVV is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, BALT or IVV?
Over the past year BALT returned +6.71% vs +17.31% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BALT or IVV?
IVV has been the more volatile fund at 15.7% annualized versus 2.6% for BALT. Worst drawdown: BALT -4.9% vs IVV -24.5%.
Should I hold both BALT and IVV?
BALT and IVV have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BALT or IVV?
BALT yields 0.00% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than BALT?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.