BALT vs IVV
Innovator Defined Wealth Shield ETF 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 | BALT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $2.8B | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 6 | 508 | |
| YTD Return | +3.37% | +13.43% | |
| 1Y Return | +6.94% | +22.61% | |
| 3Y Return (annualized) | +7.30% | +21.47% | |
| 5Y Return (annualized) | +6.11% | +13.26% | |
| Volatility (annualized) | 2.6% | 15.1% | |
| Max Drawdown | -4.9% | -56.5% | |
| Fund Family | Innovator ETFs Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 30, 2021 | May 15, 2000 |
BALT vs IVV Performance
Innovator Defined Wealth Shield ETF (BALT) 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 BALT returned +6.94% while IVV returned +22.61%. Year to date, BALT is up 3.37% versus a gain of 13.43% for IVV.
Over three years, BALT compounded at +7.30% per year against +21.47% for IVV; over five years the annualized figures are +6.11% and +13.26% respectively. Across the full 5-year window we track, IVV has the edge at +7.03% annualized vs +6.02%. 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 2.6% 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 -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 0.82. 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 1.09% for IVV.
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. On a $10,000 investment, that is $66 per year of difference.
Which performed better, BALT or IVV?
Over the past year BALT returned +6.94% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), BALT annualized +6.02% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, BALT or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.6% for BALT. Worst drawdown: BALT -4.9% vs IVV -56.5%.
Should I hold both BALT and IVV?
BALT and IVV have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BALT or IVV?
BALT yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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