IVV vs OCTJ
iShares Core S&P 500 ETF vs Innovator Premium Income 30 Barrier 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 | OCTJ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $865.2B | $19M | |
| Dividend Yield | 1.09% | 5.28% | |
| Holdings | 508 | 7 | |
| YTD Return | +13.43% | +0.58% | |
| 1Y Return | +22.61% | +1.45% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 2.2% | |
| Max Drawdown | -56.5% | -5.3% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Oct 2, 2023 |
IVV vs OCTJ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator Premium Income 30 Barrier ETF - October (OCTJ) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +22.61% while OCTJ returned +1.45%. Year to date, IVV is up 13.43% versus a gain of 0.58% for OCTJ.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.2% for OCTJ. 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 -5.3% for OCTJ. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while OCTJ 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 5.28% for OCTJ.
Frequently Asked Questions
Which is cheaper, IVV or OCTJ?
IVV has an expense ratio of 0.03% while OCTJ 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 OCTJ?
Over the past year IVV returned +22.61% vs +1.45% for OCTJ, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.03% vs +4.63% for OCTJ. Past performance does not guarantee future results.
Which is riskier, IVV or OCTJ?
IVV has been the more volatile fund at 15.1% annualized versus 2.2% for OCTJ. Worst drawdown: IVV -56.5% vs OCTJ -5.3%.
Should I hold both IVV and OCTJ?
IVV and OCTJ have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or OCTJ?
IVV yields 1.09% while OCTJ yields 5.28%, so OCTJ currently pays the higher dividend yield.
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