IVV vs LOCT
iShares Core S&P 500 ETF vs Innovator Premium Income 15 Buffer ETF - October
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 | LOCT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $865.2B | $11M | |
| Dividend Yield | 1.09% | 5.15% | |
| Holdings | 508 | 8 | |
| YTD Return | +14.50% | +0.15% | |
| 1Y Return | +22.02% | +1.94% | |
| 3Y Return (annualized) | +21.80% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 6.1% | |
| Max Drawdown | -56.5% | -10.5% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Oct 2, 2023 |
IVV vs LOCT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator Premium Income 15 Buffer ETF - October (LOCT) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +22.02% while LOCT returned +1.94%. Year to date, IVV is up 14.50% versus a gain of 0.15% for LOCT.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.1% for LOCT. 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 -10.5% for LOCT. 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 0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LOCT 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 5.15% for LOCT.
Holdings Overlap
IVV and LOCT share 0 holdings out of 507 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 LOCT?
IVV has an expense ratio of 0.03% while LOCT 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 LOCT?
Over the past year IVV returned +22.02% vs +1.94% for LOCT, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.07% vs +0.20% for LOCT. Past performance does not guarantee future results.
Which is riskier, IVV or LOCT?
IVV has been the more volatile fund at 15.1% annualized versus 6.1% for LOCT. Worst drawdown: IVV -56.5% vs LOCT -10.5%.
Should I hold both IVV and LOCT?
IVV and LOCT have a monthly-return correlation of 0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LOCT?
IVV and LOCT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or LOCT?
IVV yields 1.09% while LOCT yields 5.15%, so LOCT currently pays the higher dividend yield.
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