IVV vs PJAN
iShares Core S&P 500 ETF vs Innovator US Equity Power Buffer ETF - January
Which is better, IVV or PJAN?
Large Cap Blend against Option Writing.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | PJAN |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.79% |
| AUM | $876.4B | $1.4B |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 12 |
| YTD Return | +12.39%Best | +7.75% |
| 1Y Return | +16.61%Best | +11.06% |
| 3Y Return (annualized) | +21.38%Best | +12.52% |
| 5Y Return (annualized) | +13.51%Best | +9.21% |
| Volatility (annualized) | 16.3% | 8.4%Best |
| Max Drawdown | -33.9% | -21.3%Best |
| $10,000 over 5 years | $18,844Best | $15,535 |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | May 15, 2000 | Dec 31, 2018 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 2, 2019 to Sep 18, 2026 (7.7 years).
IVV vs PJAN growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7.7 years both funds cover.
IVV vs PJAN Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Innovator US Equity Power Buffer ETF - January (PJAN) is an ETF from Innovator ETFs Trust. Over the past year IVV returned +16.61% while PJAN returned +11.06%. Year to date, IVV is up 12.39% versus a gain of 7.75% for PJAN.
Over three years, IVV compounded at +21.38% per year against +12.52% for PJAN; over five years the annualized figures are +13.51% and +9.21% respectively. Across the full 8-year window we track, IVV has the edge at +16.71% annualized vs +9.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 8.4% for PJAN. 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 -33.9% for IVV and -21.3% for PJAN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 PJAN 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 1.06% against 0.00% for PJAN.
You are not choosing between two funds in isolation.
Whichever of IVV and PJAN you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PJAN?
IVV has an expense ratio of 0.03% while PJAN charges 0.79%. IVV is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, IVV or PJAN?
Over the past year IVV returned +16.61% vs +11.06% for PJAN, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +16.71% vs +9.43% for PJAN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PJAN?
IVV has been the more volatile fund at 16.3% annualized versus 8.4% for PJAN. Worst drawdown: IVV -33.9% vs PJAN -21.3%.
Should I hold both IVV and PJAN?
IVV and PJAN have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, IVV or PJAN?
IVV yields 1.06% while PJAN yields 0.00%, so IVV currently pays the higher dividend yield.
Is PJAN better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.