IOCT vs IVV
Innovator International Developed Power Buffer ETF - October vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IOCT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.03% | |
| AUM | $166M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 6 | 508 | |
| YTD Return | +8.31% | +13.43% | |
| 1Y Return | +15.05% | +22.61% | |
| 3Y Return (annualized) | +13.09% | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 8.8% | 15.1% | |
| Max Drawdown | -16.9% | -56.5% | |
| Fund Family | Innovator ETFs Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 1, 2021 | May 15, 2000 |
IOCT vs IVV Performance
Innovator International Developed Power Buffer ETF - October (IOCT) is a ETF from Innovator ETFs Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IOCT returned +15.05% while IVV returned +22.61%. Year to date, IOCT is up 8.31% versus a gain of 13.43% for IVV.
Over three years, IOCT compounded at +13.09% per year against +21.47% for IVV. Across the full 5-year window we track, IOCT has the edge at +8.85% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.8% for IOCT. 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 -16.9% for IOCT and -56.5% for IVV. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IOCT charges 0.85% per year while IVV charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, IOCT currently yields 0.00% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, IOCT or IVV?
IOCT has an expense ratio of 0.85% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, IOCT or IVV?
Over the past year IOCT returned +15.05% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IOCT annualized +8.85% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, IOCT or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 8.8% for IOCT. Worst drawdown: IOCT -16.9% vs IVV -56.5%.
Should I hold both IOCT and IVV?
IOCT and IVV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IOCT or IVV?
IOCT yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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