IVV vs KNOV
iShares Core S&P 500 ETF vs Innovator US Small Cap Power Buffer ETF - November
Quick Verdict
IVV has a lower expense ratio. KNOV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | KNOV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $907.0B | $45M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 6 | |
| YTD Return | +12.28% | +12.26% | |
| 1Y Return | +20.94% | +22.95% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 8.8% | |
| Max Drawdown | -56.5% | -15.0% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Nov 1, 2024 |
IVV vs KNOV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator US Small Cap Power Buffer ETF - November (KNOV) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +20.94% while KNOV returned +22.95%. Year to date, IVV is up 12.28% versus a gain of 12.26% for KNOV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.8% for KNOV. 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 -15.0% for KNOV. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while KNOV 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 KNOV.
Frequently Asked Questions
Which is cheaper, IVV or KNOV?
IVV has an expense ratio of 0.03% while KNOV 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 KNOV?
Over the past year IVV returned +20.94% vs +22.95% for KNOV, so KNOV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.98% vs +14.62% for KNOV. Past performance does not guarantee future results.
Which is riskier, IVV or KNOV?
IVV has been the more volatile fund at 15.1% annualized versus 8.8% for KNOV. Worst drawdown: IVV -56.5% vs KNOV -15.0%.
Should I hold both IVV and KNOV?
IVV and KNOV have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or KNOV?
IVV yields 1.10% while KNOV yields 0.00%, so IVV currently pays the higher dividend yield.
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