IBFR vs SPY
IBFR vs SPY
Innovator International Developed Managed 10 Buffer ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | IBFR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $15M | $789.1B | |
| Dividend Yield | 0.80% | 1.01% | |
| Holdings | 273 | 505 | |
| YTD Return | +1.85% | +13.28% | |
| 1Y Return | - | +23.94% | |
| 3Y Return (annualized) | - | +21.07% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -5.7% | -56.5% | |
| Fund Family | Innovator ETFs Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Feb 24, 2026 | Jan 22, 1993 |
IBFR vs SPY Performance
Innovator International Developed Managed 10 Buffer ETF (IBFR) is a ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, IBFR is up 1.85% versus a gain of 13.28% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -5.7% for IBFR and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
IBFR charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, IBFR currently yields 0.80% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IBFR or SPY?
IBFR has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
What is the holdings overlap between IBFR and SPY?
IBFR and SPY share 2 common holdings with a 0.1% weight overlap. Combined, they hold 774 unique securities.
Which pays a higher dividend, IBFR or SPY?
IBFR yields 0.80% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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