JAJL vs VOO
Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | JAJL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $279M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 5 | 509 | |
| YTD Return | +3.76% | +12.25% | |
| 1Y Return | +6.30% | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 2.4% | 14.1% | |
| Max Drawdown | -2.2% | -34.3% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 1, 2024 | Sep 7, 2010 |
JAJL vs VOO Performance
Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul (JAJL) is a ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JAJL returned +6.30% while VOO returned +20.92%. Year to date, JAJL is up 3.76% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 2.4% for JAJL. 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 -2.2% for JAJL and -34.3% for VOO. 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
JAJL charges 0.79% per year while VOO charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, JAJL currently yields 0.00% against 1.08% for VOO.
Frequently Asked Questions
Which is cheaper, JAJL or VOO?
JAJL has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, JAJL or VOO?
Over the past year JAJL returned +6.30% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), JAJL annualized +7.05% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, JAJL or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 2.4% for JAJL. Worst drawdown: JAJL -2.2% vs VOO -34.3%.
Should I hold both JAJL and VOO?
JAJL and VOO have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, JAJL or VOO?
JAJL yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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