IVV vs LJAN
iShares Core S&P 500 ETF vs Innovator Premium Income 15 Buffer ETF - January
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 | LJAN | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $907.0B | $12M | |
| Dividend Yield | 1.10% | 4.94% | |
| Holdings | 508 | 9 | |
| YTD Return | +12.28% | +0.88% | |
| 1Y Return | +20.94% | +0.22% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 1.8% | |
| Max Drawdown | -56.5% | -5.9% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 2, 2024 |
IVV vs LJAN Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator Premium Income 15 Buffer ETF - January (LJAN) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +20.94% while LJAN returned +0.22%. Year to date, IVV is up 12.28% versus a gain of 0.88% for LJAN.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.8% for LJAN. 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 -5.9% for LJAN. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while LJAN 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 4.94% for LJAN.
Holdings Overlap
IVV and LJAN share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or LJAN?
IVV has an expense ratio of 0.03% while LJAN 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 LJAN?
Over the past year IVV returned +20.94% vs +0.22% for LJAN, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +6.98% vs +0.42% for LJAN. Past performance does not guarantee future results.
Which is riskier, IVV or LJAN?
IVV has been the more volatile fund at 15.1% annualized versus 1.8% for LJAN. Worst drawdown: IVV -56.5% vs LJAN -5.9%.
Should I hold both IVV and LJAN?
IVV and LJAN have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LJAN?
IVV and LJAN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or LJAN?
IVV yields 1.10% while LJAN yields 4.94%, so LJAN currently pays the higher dividend yield.
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