EALT vs VOO
Innovator US Equity 5 to 15 Buffer ETF - Quarterly 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 | EALT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $175M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 8 | 509 | |
| YTD Return | +3.38% | +12.68% | |
| 1Y Return | +9.52% | +21.87% | |
| 3Y Return (annualized) | +13.20% | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 8.9% | 14.1% | |
| Max Drawdown | -14.8% | -34.3% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 2, 2023 | Sep 7, 2010 |
EALT vs VOO Performance
Innovator US Equity 5 to 15 Buffer ETF - Quarterly (EALT) is a ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EALT returned +9.52% while VOO returned +21.87%. Year to date, EALT is up 3.38% versus a gain of 12.68% for VOO.
Over three years, EALT compounded at +13.20% per year against +22.06% for VOO. Across the full 3-year window we track, VOO has the edge at +13.47% annualized vs +13.20%. 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 8.9% for EALT. 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 -14.8% for EALT 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EALT charges 0.69% per year while VOO charges 0.03%. On a $10,000 position that is $69 vs $3 annually, a gap of $66 per year that compounds over a long holding period. On income, EALT currently yields 0.00% against 1.08% for VOO.
Holdings Overlap
EALT and VOO 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, EALT or VOO?
EALT has an expense ratio of 0.69% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, EALT or VOO?
Over the past year EALT returned +9.52% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), EALT annualized +13.20% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, EALT or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 8.9% for EALT. Worst drawdown: EALT -14.8% vs VOO -34.3%.
Should I hold both EALT and VOO?
EALT and VOO have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between EALT and VOO?
EALT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, EALT or VOO?
EALT yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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