IVV vs KMAY
iShares Core S&P 500 ETF vs Innovator US Small Cap Power Buffer ETF - May
Which is better, IVV or KMAY?
Large Cap Blend against Option Writing.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | KMAY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.79% |
| AUM | $876.4B | $49M |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 12 |
| YTD Return | +12.39%Best | +5.64% |
| 1Y Return | +16.61%Best | +8.38% |
| 3Y Return (annualized) | +21.38% | - |
| 5Y Return (annualized) | +13.51% | - |
| Volatility (annualized) | 12.0% | 4.1%Best |
| Max Drawdown | -8.9% | -3.0%Best |
| $10,000 over 1.4 years | $13,936Best | $12,084 |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | May 15, 2000 | May 1, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: May 1, 2025 to Sep 18, 2026 (1.4 years).
IVV vs KMAY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.4 years both funds cover.
IVV vs KMAY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Innovator US Small Cap Power Buffer ETF - May (KMAY) is an ETF from Innovator ETFs Trust. Over the past year IVV returned +16.61% while KMAY returned +8.38%. Year to date, IVV is up 12.39% versus a gain of 5.64% for KMAY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 4.1% for KMAY. 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 -8.9% for IVV and -3.0% for KMAY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while KMAY 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 1.06% against 0.00% for KMAY.
You are not choosing between two funds in isolation.
Whichever of IVV and KMAY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or KMAY?
IVV has an expense ratio of 0.03% while KMAY charges 0.79%. IVV is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, IVV or KMAY?
Over the past year IVV returned +16.61% vs +8.38% for KMAY, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +26.75% vs +14.48% for KMAY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or KMAY?
IVV has been the more volatile fund at 12.0% annualized versus 4.1% for KMAY. Worst drawdown: IVV -8.9% vs KMAY -3.0%.
Should I hold both IVV and KMAY?
IVV and KMAY have a monthly-return correlation of 0.53, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or KMAY?
IVV yields 1.06% while KMAY yields 0.00%, so IVV currently pays the higher dividend yield.
Is KMAY better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.