IVV vs TBJL
iShares Core S&P 500 ETF vs Innovator 20+ Year Treasury Bond 9 Buffer ETF - July
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 | TBJL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $907.0B | $11M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 6 | |
| YTD Return | +12.71% | -4.82% | |
| 1Y Return | +21.89% | -3.22% | |
| 3Y Return (annualized) | +22.08% | -0.43% | |
| 5Y Return (annualized) | +12.96% | -4.87% | |
| Volatility (annualized) | 15.1% | 9.7% | |
| Max Drawdown | -56.5% | -29.4% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Aug 18, 2020 |
IVV vs TBJL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator 20+ Year Treasury Bond 9 Buffer ETF - July (TBJL) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +21.89% while TBJL returned -3.22%. Year to date, IVV is up 12.71% versus a loss of 4.82% for TBJL.
Over three years, IVV compounded at +22.08% per year against -0.43% for TBJL; over five years the annualized figures are +12.96% and -4.87% respectively. Across the full 6-year window we track, IVV has the edge at +7.00% annualized vs -4.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.7% for TBJL. 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 -29.4% for TBJL. 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TBJL 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 TBJL.
Frequently Asked Questions
Which is cheaper, IVV or TBJL?
IVV has an expense ratio of 0.03% while TBJL 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 TBJL?
Over the past year IVV returned +21.89% vs -3.22% for TBJL, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.00% vs -4.55% for TBJL. Past performance does not guarantee future results.
Which is riskier, IVV or TBJL?
IVV has been the more volatile fund at 15.1% annualized versus 9.7% for TBJL. Worst drawdown: IVV -56.5% vs TBJL -29.4%.
Should I hold both IVV and TBJL?
IVV and TBJL have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or TBJL?
IVV yields 1.10% while TBJL yields 0.00%, so IVV currently pays the higher dividend yield.
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