JAJL vs VOO
Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul vs Vanguard S&P 500 ETF
Which is better, JAJL or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JAJL | VOO |
|---|---|---|
| Expense Ratio | 0.79% | 0.03%Best |
| AUM | $290M | $997.4B |
| Dividend Yield | 0.00% | 1.04% |
| Holdings | 5 | 509 |
| YTD Return | +3.88% | +12.50%Best |
| 1Y Return | +5.83% | +17.58%Best |
| 3Y Return (annualized) | - | +21.27% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 2.4%Best | 12.2% |
| Max Drawdown | -2.2%Best | -18.7% |
| $10,000 over 2.2 years | $11,584 | $14,374Best |
| Fund Family | Innovator ETFs Trust | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jul 1, 2024 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 1, 2024 to Sep 11, 2026 (2.2 years).
JAJL vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
JAJL vs VOO Performance
Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul (JAJL) is an ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year JAJL returned +5.83% while VOO returned +17.58%. Year to date, JAJL is up 3.88% versus a gain of 12.50% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.2% 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.04% for VOO.
Holdings Overlap
We hold position weights for 1 holding in JAJL and 505 in VOO, totalling 101.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 66 days apart, JAJL as of Sep 4, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in JAJL and 505 in VOO, against full books of 5 and 509.
You are not choosing between two funds in isolation.
Whichever of JAJL and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $76 a year on a $10,000 investment.
Which performed better, JAJL or VOO?
Over the past year JAJL returned +5.83% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), JAJL annualized +6.91% vs +17.93% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JAJL or VOO?
VOO has been the more volatile fund at 12.2% annualized versus 2.4% for JAJL. Worst drawdown: JAJL -2.2% vs VOO -18.7%.
Should I hold both JAJL and VOO?
JAJL and VOO have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JAJL or VOO?
JAJL yields 0.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than JAJL?
VOO has a lower expense ratio. VOO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.