IVV vs LAPR
iShares Core S&P 500 ETF vs Innovator Premium Income 15 Buffer ETF - April
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 | IVV | LAPR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $865.2B | $11M | |
| Dividend Yield | 1.09% | 5.10% | |
| Holdings | 508 | 14 | |
| YTD Return | +13.43% | +0.66% | |
| 1Y Return | +22.61% | +0.48% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 1.6% | |
| Max Drawdown | -56.5% | -3.8% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Apr 1, 2024 |
IVV vs LAPR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator Premium Income 15 Buffer ETF - April (LAPR) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +22.61% while LAPR returned +0.48%. Year to date, IVV is up 13.43% versus a gain of 0.66% for LAPR.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.6% for LAPR. 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 -3.8% for LAPR. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LAPR 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 1.09% against 5.10% for LAPR.
Frequently Asked Questions
Which is cheaper, IVV or LAPR?
IVV has an expense ratio of 0.03% while LAPR 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 LAPR?
Over the past year IVV returned +22.61% vs +0.48% for LAPR, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.03% vs +3.64% for LAPR. Past performance does not guarantee future results.
Which is riskier, IVV or LAPR?
IVV has been the more volatile fund at 15.1% annualized versus 1.6% for LAPR. Worst drawdown: IVV -56.5% vs LAPR -3.8%.
Should I hold both IVV and LAPR?
IVV and LAPR have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or LAPR?
IVV yields 1.09% while LAPR yields 5.10%, so LAPR currently pays the higher dividend yield.
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