IVV vs RFLR
iShares Core S&P 500 ETF vs Innovator US Small Cap Managed Floor ETF
Quick Verdict
IVV has a lower expense ratio. RFLR delivered stronger 1-year returns. RFLR offers more diversification with 841 holdings.
Side-by-Side Comparison
| Metric | IVV | RFLR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.89% | |
| AUM | $907.0B | $95M | |
| Dividend Yield | 1.10% | 0.60% | |
| Holdings | 508 | 841 | |
| YTD Return | +12.71% | +16.06% | |
| 1Y Return | +21.89% | +26.27% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 11.3% | |
| Max Drawdown | -56.5% | -15.5% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 17, 2024 |
IVV vs RFLR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator US Small Cap Managed Floor ETF (RFLR) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +21.89% while RFLR returned +26.27%. Year to date, IVV is up 12.71% versus a gain of 16.06% for RFLR.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.3% for RFLR. 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 -15.5% for RFLR. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while RFLR charges 0.89%. On a $10,000 position that is $3 vs $89 annually, a gap of $86 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.60% for RFLR.
Holdings Overlap
IVV and RFLR share 1 holdings out of 1298 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in RFLR | Difference |
|---|---|---|---|
| IPGP | 0.62% | 0.11% | 0.51% |
Frequently Asked Questions
Which is cheaper, IVV or RFLR?
IVV has an expense ratio of 0.03% while RFLR charges 0.89%. IVV is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, IVV or RFLR?
Over the past year IVV returned +21.89% vs +26.27% for RFLR, so RFLR leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +16.15% for RFLR. Past performance does not guarantee future results.
Which is riskier, IVV or RFLR?
IVV has been the more volatile fund at 15.1% annualized versus 11.3% for RFLR. Worst drawdown: IVV -56.5% vs RFLR -15.5%.
Should I hold both IVV and RFLR?
IVV and RFLR have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RFLR?
IVV and RFLR share 1 common holdings with a 0.1% weight overlap. Combined, they hold 1298 unique securities.
Which pays a higher dividend, IVV or RFLR?
IVV yields 1.10% while RFLR yields 0.60%, so IVV currently pays the higher dividend yield.
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