IVV vs NNOV
iShares Core S&P 500 ETF vs Innovator Growth-100 Power Buffer ETF - November
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 | NNOV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $907.0B | $89M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 6 | |
| YTD Return | +12.28% | +10.07% | |
| 1Y Return | +20.94% | +13.20% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 9.2% | |
| Max Drawdown | -56.5% | -12.8% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Nov 1, 2024 |
IVV vs NNOV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator Growth-100 Power Buffer ETF - November (NNOV) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +20.94% while NNOV returned +13.20%. Year to date, IVV is up 12.28% versus a gain of 10.07% for NNOV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.2% for NNOV. 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 -12.8% for NNOV. 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while NNOV 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 NNOV.
Frequently Asked Questions
Which is cheaper, IVV or NNOV?
IVV has an expense ratio of 0.03% while NNOV 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 NNOV?
Over the past year IVV returned +20.94% vs +13.20% for NNOV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.98% vs +13.63% for NNOV. Past performance does not guarantee future results.
Which is riskier, IVV or NNOV?
IVV has been the more volatile fund at 15.1% annualized versus 9.2% for NNOV. Worst drawdown: IVV -56.5% vs NNOV -12.8%.
Should I hold both IVV and NNOV?
IVV and NNOV have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, IVV or NNOV?
IVV yields 1.10% while NNOV yields 0.00%, so IVV currently pays the higher dividend yield.
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