BNOV vs VTI
Innovator US Equity Buffer ETF - November vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | BNOV | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $213M | $666.9B | |
| Dividend Yield | 0.00% | 1.07% | |
| Holdings | 6 | 3,543 | |
| YTD Return | +10.13% | +13.14% | |
| 1Y Return | +16.11% | +22.35% | |
| 3Y Return (annualized) | +13.48% | +21.83% | |
| 5Y Return (annualized) | +8.87% | +12.01% | |
| Volatility (annualized) | 11.7% | 15.3% | |
| Max Drawdown | -24.7% | -56.6% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 1, 2019 | May 24, 2001 |
BNOV vs VTI Performance
Innovator US Equity Buffer ETF - November (BNOV) is a ETF from Innovator ETFs Trust and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year BNOV returned +16.11% while VTI returned +22.35%. Year to date, BNOV is up 10.13% versus a gain of 13.14% for VTI.
Over three years, BNOV compounded at +13.48% per year against +21.83% for VTI; over five years the annualized figures are +8.87% and +12.01% respectively. Across the full 7-year window we track, BNOV has the edge at +9.94% annualized vs +8.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 VTI 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 1.07% for VTI.
Frequently Asked Questions
Which is cheaper, BNOV or VTI?
BNOV has an expense ratio of 0.79% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, BNOV or VTI?
Over the past year BNOV returned +16.11% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (7 years), BNOV annualized +9.94% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, BNOV or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 11.7% for BNOV. Worst drawdown: BNOV -24.7% vs VTI -56.6%.
Should I hold both BNOV and VTI?
BNOV and VTI 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 VTI?
BNOV yields 0.00% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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