IVV vs XBAP
iShares Core S&P 500 ETF vs Innovator US Equity Accelerated 9 Buffer ETF - April
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 | XBAP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $907.0B | $131M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 9 | |
| YTD Return | +12.28% | +10.07% | |
| 1Y Return | +20.94% | +14.00% | |
| 3Y Return (annualized) | +21.81% | +13.75% | |
| 5Y Return (annualized) | +13.05% | +9.76% | |
| Volatility (annualized) | 15.1% | 8.7% | |
| Max Drawdown | -56.5% | -14.6% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Mar 31, 2021 |
IVV vs XBAP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator US Equity Accelerated 9 Buffer ETF - April (XBAP) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +20.94% while XBAP returned +14.00%. Year to date, IVV is up 12.28% versus a gain of 10.07% for XBAP.
Over three years, IVV compounded at +21.81% per year against +13.75% for XBAP; over five years the annualized figures are +13.05% and +9.76% respectively. Across the full 5-year window we track, XBAP has the edge at +9.95% annualized vs +6.98%. 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 8.7% for XBAP. 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 -14.6% for XBAP. 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 0.90. 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 XBAP 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 XBAP.
Holdings Overlap
IVV and XBAP 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 XBAP?
IVV has an expense ratio of 0.03% while XBAP 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 XBAP?
Over the past year IVV returned +20.94% vs +14.00% for XBAP, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +6.98% vs +9.95% for XBAP. Past performance does not guarantee future results.
Which is riskier, IVV or XBAP?
IVV has been the more volatile fund at 15.1% annualized versus 8.7% for XBAP. Worst drawdown: IVV -56.5% vs XBAP -14.6%.
Should I hold both IVV and XBAP?
IVV and XBAP have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and XBAP?
IVV and XBAP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or XBAP?
IVV yields 1.10% while XBAP yields 0.00%, so IVV currently pays the higher dividend yield.
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