IVV vs UMAY
iShares Core S&P 500 ETF vs Innovator U.S. Equity Ultra Buffer ETF - May
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 | UMAY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $907.0B | $142M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 8 | |
| YTD Return | +12.28% | +5.34% | |
| 1Y Return | +20.94% | +8.74% | |
| 3Y Return (annualized) | +21.81% | +11.39% | |
| 5Y Return (annualized) | +13.05% | +6.43% | |
| Volatility (annualized) | 15.1% | 6.2% | |
| Max Drawdown | -56.5% | -12.1% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Apr 30, 2020 |
IVV vs UMAY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +20.94% while UMAY returned +8.74%. Year to date, IVV is up 12.28% versus a gain of 5.34% for UMAY.
Over three years, IVV compounded at +21.81% per year against +11.39% for UMAY; over five years the annualized figures are +13.05% and +6.43% respectively. Across the full 6-year window we track, IVV has the edge at +6.98% annualized vs +6.79%. 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 6.2% for UMAY. 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 -12.1% for UMAY. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while UMAY 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 UMAY.
Holdings Overlap
IVV and UMAY share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or UMAY?
IVV has an expense ratio of 0.03% while UMAY 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 UMAY?
Over the past year IVV returned +20.94% vs +8.74% for UMAY, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +6.98% vs +6.79% for UMAY. Past performance does not guarantee future results.
Which is riskier, IVV or UMAY?
IVV has been the more volatile fund at 15.1% annualized versus 6.2% for UMAY. Worst drawdown: IVV -56.5% vs UMAY -12.1%.
Should I hold both IVV and UMAY?
IVV and UMAY have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and UMAY?
IVV and UMAY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or UMAY?
IVV yields 1.10% while UMAY yields 0.00%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.