Quick Verdict

VOO has a lower expense ratio. IGTR delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: IGTRMore Diversified: VOO

Side-by-Side Comparison

MetricIGTRVOOWinner
Expense Ratio0.80%0.03%
AUM$20M$979.0B
Dividend Yield0.67%1.09%
Holdings110509
YTD Return+17.33%+13.80%
1Y Return+36.58%+23.71%
3Y Return (annualized)+15.29%+21.50%
5Y Return (annualized)-+13.44%
Volatility (annualized)15.1%14.1%
Max Drawdown-20.1%-34.3%
Fund FamilyInnovator ETFs TrustVanguard (US)
CategoryEquityEquity
InceptionNov 17, 2022Sep 7, 2010

IGTR vs VOO Performance

Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is a ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IGTR returned +36.58% while VOO returned +23.71%. Year to date, IGTR is up 17.33% versus a gain of 13.80% for VOO.

Over three years, IGTR compounded at +15.29% per year against +21.50% for VOO. Across the full 4-year window we track, VOO has the edge at +13.58% annualized vs +9.43%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

IGTR has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.1% for VOO. 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 -20.1% for IGTR 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

IGTR charges 0.80% per year while VOO charges 0.03%. On a $10,000 position that is $80 vs $3 annually, a gap of $77 per year that compounds over a long holding period. On income, IGTR currently yields 0.67% against 1.09% for VOO.

Holdings Overlap

22.4%overlap

IGTR and VOO share 97 holdings out of 509 unique holdings combined, representing a 22.4% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in IGTRWeight in VOODifference
NVDA1.04%7.51%6.47%
AAPL0.75%6.59%5.84%
AMZN1.03%3.62%2.59%
AVGOProProPro
MUProProPro
AMDProProPro
TSLAProProPro
INTCProProPro
METAProProPro
LRCXProProPro
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Frequently Asked Questions

Which is cheaper, IGTR or VOO?

IGTR has an expense ratio of 0.80% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $77 per year of difference.

Which performed better, IGTR or VOO?

Over the past year IGTR returned +36.58% vs +23.71% for VOO, so IGTR leads on 1-year performance. Over the longest common window we track (4 years), IGTR annualized +9.43% vs +13.58% for VOO. Past performance does not guarantee future results.

Which is riskier, IGTR or VOO?

IGTR has been the more volatile fund at 15.1% annualized versus 14.1% for VOO. Worst drawdown: IGTR -20.1% vs VOO -34.3%.

Should I hold both IGTR and VOO?

IGTR and VOO have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between IGTR and VOO?

IGTR and VOO share 97 common holdings with a 22.4% weight overlap. Combined, they hold 509 unique securities.

Which pays a higher dividend, IGTR or VOO?

IGTR yields 0.67% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.

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