DDFL vs IVV
Innovator Equity Dual Directional 15 Buffer ETF - July 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 | DDFL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $148M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 7 | 508 | |
| YTD Return | +5.07% | +13.80% | |
| 1Y Return | +8.77% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 2.2% | 15.1% | |
| Max Drawdown | -1.6% | -56.5% | |
| Fund Family | Innovator ETFs Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 30, 2025 | May 15, 2000 |
DDFL vs IVV Performance
Innovator Equity Dual Directional 15 Buffer ETF - July (DDFL) 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 DDFL returned +8.77% while IVV returned +23.70%. Year to date, DDFL is up 5.07% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.2% for DDFL. 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 -1.6% for DDFL 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DDFL 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, DDFL currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
DDFL and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DDFL or IVV?
DDFL 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, DDFL or IVV?
Over the past year DDFL returned +8.77% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), DDFL annualized +9.02% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, DDFL or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.2% for DDFL. Worst drawdown: DDFL -1.6% vs IVV -56.5%.
Should I hold both DDFL and IVV?
DDFL and IVV have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DDFL and IVV?
DDFL and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, DDFL or IVV?
DDFL yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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