IVV vs JAJL
iShares Core S&P 500 ETF vs Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | JAJL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $907.0B | $279M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 5 | |
| YTD Return | +12.71% | +3.87% | |
| 1Y Return | +21.89% | +6.48% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 2.4% | |
| Max Drawdown | -56.5% | -2.2% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jul 1, 2024 |
IVV vs JAJL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul (JAJL) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +21.89% while JAJL returned +6.48%. Year to date, IVV is up 12.71% versus a gain of 3.87% for JAJL.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.4% for JAJL. 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 -56.5% for IVV and -2.2% for JAJL. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while JAJL charges 0.79%. On a $10,000 position that is $3 vs $79 annually, a gap of $76 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for JAJL.
Frequently Asked Questions
Which is cheaper, IVV or JAJL?
IVV has an expense ratio of 0.03% while JAJL charges 0.79%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, IVV or JAJL?
Over the past year IVV returned +21.89% vs +6.48% for JAJL, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +7.09% for JAJL. Past performance does not guarantee future results.
Which is riskier, IVV or JAJL?
IVV has been the more volatile fund at 15.1% annualized versus 2.4% for JAJL. Worst drawdown: IVV -56.5% vs JAJL -2.2%.
Should I hold both IVV and JAJL?
IVV and JAJL have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or JAJL?
IVV yields 1.10% while JAJL yields 0.00%, so IVV currently pays the higher dividend yield.
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