HOCT vs IVV
Innovator Premium Income 9 Buffer ETF - October vs iShares Core S&P 500 ETF
Which is better, HOCT or IVV?
Multi Alternative against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HOCT | IVV |
|---|---|---|
| Expense Ratio | 0.79% | 0.03%Best |
| AUM | $6M | $882.6B |
| Dividend Yield | 6.05% | 1.06% |
| Holdings | 4 | 508 |
| Volatility (annualized) | 2.7%Best | 11.9% |
| Max Drawdown | -8.7%Best | -18.8% |
| $10,000 over 2 years | $10,022 | $16,081Best |
| Fund Family | Innovator ETFs Trust | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Oct 2, 2023 | May 15, 2000 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 377 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HOCT has data through Oct 1, 2025 and IVV through Oct 13, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 2, 2023 to Oct 1, 2025 (2 years).
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 2.7% for HOCT. 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 -8.7% for HOCT and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HOCT 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, HOCT currently yields 6.05% against 1.06% for IVV.
You are not choosing between two funds in isolation.
Whichever of HOCT and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HOCT or IVV?
HOCT has an expense ratio of 0.79% while IVV charges 0.03%. IVV is the cheaper option, by $76 a year on a $10,000 investment.
Which is riskier, HOCT or IVV?
IVV has been the more volatile fund at 11.9% annualized versus 2.7% for HOCT. Worst drawdown: HOCT -8.7% vs IVV -18.8%.
Should I hold both HOCT and IVV?
HOCT and IVV have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HOCT or IVV?
HOCT yields 6.05% while IVV yields 1.06%, so HOCT currently pays the higher dividend yield.
Is IVV better than HOCT?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.