BSEP vs IVV
Innovator U.S. Equity Buffer ETF - September 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 | BSEP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $214M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 6 | 508 | |
| YTD Return | +9.24% | +13.72% | |
| 1Y Return | +15.37% | +21.64% | |
| 3Y Return (annualized) | +15.84% | +21.55% | |
| 5Y Return (annualized) | +10.89% | +13.27% | |
| Volatility (annualized) | 11.7% | 15.1% | |
| Max Drawdown | -24.0% | -56.5% | |
| Fund Family | Innovator ETFs Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 30, 2019 | May 15, 2000 |
BSEP vs IVV Performance
Innovator U.S. Equity Buffer ETF - September (BSEP) 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 BSEP returned +15.37% while IVV returned +21.64%. Year to date, BSEP is up 9.24% versus a gain of 13.72% for IVV.
Over three years, BSEP compounded at +15.84% per year against +21.55% for IVV; over five years the annualized figures are +10.89% and +13.27% respectively. Across the full 7-year window we track, BSEP has the edge at +12.24% annualized vs +7.04%. 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 11.7% for BSEP. 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 -24.0% for BSEP 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BSEP charges 0.79% per year while IVV 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, BSEP currently yields 0.00% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, BSEP or IVV?
BSEP has an expense ratio of 0.79% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, BSEP or IVV?
Over the past year BSEP returned +15.37% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (7 years), BSEP annualized +12.24% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, BSEP or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 11.7% for BSEP. Worst drawdown: BSEP -24.0% vs IVV -56.5%.
Should I hold both BSEP and IVV?
BSEP and IVV have a monthly-return correlation of 0.99, 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, BSEP or IVV?
BSEP yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.