IVV vs ZJUL
iShares Core S&P 500 ETF vs Innovator Equity Defined Protection ETF - 1 Yr 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 | ZJUL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $907.0B | $192M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 5 | |
| YTD Return | +12.39% | +3.95% | |
| 1Y Return | +20.24% | +6.02% | |
| 3Y Return (annualized) | +21.78% | - | |
| 5Y Return (annualized) | +12.84% | - | |
| Volatility (annualized) | 15.1% | 3.4% | |
| Max Drawdown | -56.5% | -5.5% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jul 1, 2024 |
IVV vs ZJUL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator Equity Defined Protection ETF - 1 Yr July (ZJUL) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +20.24% while ZJUL returned +6.02%. Year to date, IVV is up 12.39% versus a gain of 3.95% for ZJUL.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.4% for ZJUL. 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 -5.5% for ZJUL. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while ZJUL 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 ZJUL.
Holdings Overlap
IVV and ZJUL 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 ZJUL?
IVV has an expense ratio of 0.03% while ZJUL 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 ZJUL?
Over the past year IVV returned +20.24% vs +6.02% for ZJUL, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.98% vs +7.27% for ZJUL. Past performance does not guarantee future results.
Which is riskier, IVV or ZJUL?
IVV has been the more volatile fund at 15.1% annualized versus 3.4% for ZJUL. Worst drawdown: IVV -56.5% vs ZJUL -5.5%.
Should I hold both IVV and ZJUL?
IVV and ZJUL have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and ZJUL?
IVV and ZJUL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or ZJUL?
IVV yields 1.10% while ZJUL yields 0.00%, so IVV currently pays the higher dividend yield.
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