INOV vs VYM
Innovator International Developed Power Buffer ETF - November vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | INOV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.04% | |
| AUM | $38M | $81.6B | |
| Dividend Yield | 0.00% | 2.24% | |
| Holdings | 6 | 616 | |
| YTD Return | +9.03% | +14.66% | |
| 1Y Return | +14.67% | +22.16% | |
| 3Y Return (annualized) | - | +18.72% | |
| 5Y Return (annualized) | - | +12.18% | |
| Volatility (annualized) | 6.1% | 14.6% | |
| Max Drawdown | -8.0% | -58.8% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 1, 2023 | Nov 10, 2006 |
INOV vs VYM Performance
Innovator International Developed Power Buffer ETF - November (INOV) is a ETF from Innovator ETFs Trust and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year INOV returned +14.67% while VYM returned +22.16%. Year to date, INOV is up 9.03% versus a gain of 14.66% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 6.1% for INOV. 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 -8.0% for INOV and -58.8% for VYM. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INOV charges 0.85% per year while VYM charges 0.04%. On a $10,000 position that is $85 vs $4 annually, a gap of $81 per year that compounds over a long holding period. On income, INOV currently yields 0.00% against 2.24% for VYM.
Frequently Asked Questions
Which is cheaper, INOV or VYM?
INOV has an expense ratio of 0.85% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, INOV or VYM?
Over the past year INOV returned +14.67% vs +22.16% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), INOV annualized +15.72% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, INOV or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 6.1% for INOV. Worst drawdown: INOV -8.0% vs VYM -58.8%.
Should I hold both INOV and VYM?
INOV and VYM have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, INOV or VYM?
INOV yields 0.00% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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