IVV vs SPUT
iShares Core S&P 500 ETF vs Innovator Equity Premium Income - Daily PutWrite ETF
Which is better, IVV or SPUT?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y 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 | SPUT |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.79% |
| AUM | $876.4B | $17M |
| Dividend Yield | 1.06% | 4.90% |
| Holdings | 508 | 1,010 |
| YTD Return | +12.51%Best | +8.27% |
| 1Y Return | +17.57%Best | +12.09% |
| 3Y Return (annualized) | +21.27% | - |
| 5Y Return (annualized) | +12.95% | - |
| Volatility (annualized) | 12.0% | 6.9%Best |
| Max Drawdown | -13.7% | -10.6%Best |
| $10,000 over 1.5 years | $13,841Best | $12,250 |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Mar 14, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 14, 2025 to Sep 11, 2026 (1.5 years).
IVV vs SPUT 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 1.5 years both funds cover.
IVV vs SPUT Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Innovator Equity Premium Income - Daily PutWrite ETF (SPUT) is an ETF from Innovator ETFs Trust. Over the past year IVV returned +17.57% while SPUT returned +12.09%. Year to date, IVV is up 12.51% versus a gain of 8.27% for SPUT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 6.9% for SPUT. 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 -13.7% for IVV and -10.6% for SPUT. 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 SPUT 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 4.90% for SPUT.
Holdings Overlap
At least 97.0% of IVV's money is in holdings SPUT also owns.
Stated as a floor: for SPUT, our book for it covers 49.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of IVV is already inside SPUT. Owning both mostly buys the same companies twice.
412 positions in common, counted across the 505 positions we hold weights for in IVV and 496 in SPUT, against full books of 508 and 1,010.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPUT | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 3.84% | 4.14% |
| AAPLApple, Inc | 6.86% | 3.35% | 3.51% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 2.69% | 2.75% |
| AMZNAmazon.Com Inc | 4.01% | 1.97% | 2.04% |
| GOOGLAlphabet A Usd 0.001 | 3.19% | 1.60% | 1.59% |
| AVGOBroadcom Inc | 2.98% | 1.47% | 1.51% |
| GOOGAlphabet Inc | 2.56% | 1.38% | 1.18% |
| METAMeta Platforms, Inc. | 1.94% | 0.97% | 0.97% |
| MUMicron Technology, Inc. | 1.51% | 0.76% | 0.75% |
| JPMJpmorgan Chase & Co. | 1.45% | 0.72% | 0.73% |
97.0% of IVV is already inside SPUT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SPUT?
IVV has an expense ratio of 0.03% while SPUT charges 0.79%. IVV is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, IVV or SPUT?
Over the past year IVV returned +17.57% vs +12.09% for SPUT, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +24.20% vs +14.49% for SPUT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPUT?
IVV has been the more volatile fund at 12.0% annualized versus 6.9% for SPUT. Worst drawdown: IVV -13.7% vs SPUT -10.6%.
Should I hold both IVV and SPUT?
IVV and SPUT 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.
What is the holdings overlap between IVV and SPUT?
At least 97.0% of IVV's money is in holdings SPUT also owns. Our book for SPUT is partial, so the real figure is this or higher. They hold 412 positions in common, counted across the 505 positions we hold weights for in IVV and 496 in SPUT.
Which pays a higher dividend, IVV or SPUT?
IVV yields 1.06% while SPUT yields 4.90%, so SPUT currently pays the higher dividend yield.
Is SPUT better than IVV?
IVV has a lower expense ratio. IVV led over 1Y 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.