BNOV vs VOO
Innovator US Equity Buffer ETF - November 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 | BNOV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $213M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 6 | 509 | |
| YTD Return | +9.68% | +12.25% | |
| 1Y Return | +15.21% | +20.92% | |
| 3Y Return (annualized) | +13.20% | +21.79% | |
| 5Y Return (annualized) | +8.81% | +13.05% | |
| Volatility (annualized) | 11.7% | 14.1% | |
| Max Drawdown | -24.7% | -34.3% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 1, 2019 | Sep 7, 2010 |
BNOV vs VOO Performance
Innovator US Equity Buffer ETF - November (BNOV) is a ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BNOV returned +15.21% while VOO returned +20.92%. Year to date, BNOV is up 9.68% versus a gain of 12.25% for VOO.
Over three years, BNOV compounded at +13.20% per year against +21.79% for VOO; over five years the annualized figures are +8.81% and +13.05% respectively. Across the full 7-year window we track, VOO has the edge at +13.45% annualized vs +9.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 11.7% for BNOV. 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 -24.7% for BNOV 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BNOV charges 0.79% per year while VOO 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, BNOV currently yields 0.00% against 1.08% for VOO.
Frequently Asked Questions
Which is cheaper, BNOV or VOO?
BNOV has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, BNOV or VOO?
Over the past year BNOV returned +15.21% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (7 years), BNOV annualized +9.88% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, BNOV or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.7% for BNOV. Worst drawdown: BNOV -24.7% vs VOO -34.3%.
Should I hold both BNOV and VOO?
BNOV and VOO have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, BNOV or VOO?
BNOV yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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