IJUN vs SPY
Innovator International Developed Power Buffer ETF - June vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IJUN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $81M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | +8.71% | +12.22% | |
| 1Y Return | +12.79% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 6.4% | 15.3% | |
| Max Drawdown | -7.3% | -56.5% | |
| Fund Family | Innovator ETFs Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 3, 2024 | Jan 22, 1993 |
IJUN vs SPY Performance
Innovator International Developed Power Buffer ETF - June (IJUN) is a ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IJUN returned +12.79% while SPY returned +20.83%. Year to date, IJUN is up 8.71% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.4% for IJUN. 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 -7.3% for IJUN and -56.5% for SPY. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IJUN charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, IJUN currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, IJUN or SPY?
IJUN has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, IJUN or SPY?
Over the past year IJUN returned +12.79% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), IJUN annualized +11.17% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, IJUN or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.4% for IJUN. Worst drawdown: IJUN -7.3% vs SPY -56.5%.
Should I hold both IJUN and SPY?
IJUN and SPY have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IJUN or SPY?
IJUN yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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