TAPR vs VOO
Innovator Equity Defined Protection ETF - 2 Yr to April 2027 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 505 holdings.
Side-by-Side Comparison
| Metric | TAPR | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $11M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 5 | 509 | |
| YTD Return | +3.14% | +13.72% | |
| 1Y Return | +5.28% | +21.63% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 2.4% | 14.1% | |
| Max Drawdown | -2.6% | -34.3% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 1, 2025 | Sep 7, 2010 |
TAPR vs VOO Performance
Innovator Equity Defined Protection ETF - 2 Yr to April 2027 (TAPR) is a ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TAPR returned +5.28% while VOO returned +21.63%. Year to date, TAPR is up 3.14% versus a gain of 13.72% 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 TAPR. 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 -2.6% for TAPR 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
TAPR 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, TAPR currently yields 0.00% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, TAPR or VOO?
TAPR 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, TAPR or VOO?
Over the past year TAPR returned +5.28% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), TAPR annualized +7.11% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, TAPR or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 2.4% for TAPR. Worst drawdown: TAPR -2.6% vs VOO -34.3%.
Should I hold both TAPR and VOO?
TAPR and VOO have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, TAPR or VOO?
TAPR yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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