BFRZ vs VOO
Innovator Equity Managed 100 Buffer ETF 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 | BFRZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.03% | |
| AUM | $137M | $979.0B | |
| Dividend Yield | 0.27% | 1.09% | |
| Holdings | 201 | 509 | |
| YTD Return | +1.74% | +14.48% | |
| 1Y Return | +5.64% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 4.2% | 14.2% | |
| Max Drawdown | -3.1% | -34.3% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | May 13, 2025 | Sep 7, 2010 |
BFRZ vs VOO Performance
Innovator Equity Managed 100 Buffer ETF (BFRZ) is a ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BFRZ returned +5.64% while VOO returned +22.02%. Year to date, BFRZ is up 1.74% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 4.2% for BFRZ. 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 -3.1% for BFRZ 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BFRZ charges 0.89% per year while VOO charges 0.03%. On a $10,000 position that is $89 vs $3 annually, a gap of $86 per year that compounds over a long holding period. On income, BFRZ currently yields 0.27% against 1.09% for VOO.
Holdings Overlap
BFRZ and VOO share 131 holdings out of 556 unique holdings combined, representing a 66.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, BFRZ or VOO?
BFRZ has an expense ratio of 0.89% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, BFRZ or VOO?
Over the past year BFRZ returned +5.64% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), BFRZ annualized +7.35% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, BFRZ or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 4.2% for BFRZ. Worst drawdown: BFRZ -3.1% vs VOO -34.3%.
Should I hold both BFRZ and VOO?
BFRZ and VOO have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BFRZ and VOO?
BFRZ and VOO share 131 common holdings with a 66.1% weight overlap. Combined, they hold 556 unique securities.
Which pays a higher dividend, BFRZ or VOO?
BFRZ yields 0.27% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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