IVV vs SPUT
IVV vs SPUT
iShares Core S&P 500 ETF vs Innovator Equity Premium Income - Daily PutWrite ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SPUT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $865.2B | $17M | |
| Dividend Yield | 1.09% | 5.14% | |
| Holdings | 508 | 503 | |
| YTD Return | +13.80% | +8.59% | |
| 1Y Return | +23.70% | +15.41% | |
| 3Y Return (annualized) | +21.49% | - | |
| 5Y Return (annualized) | +13.43% | - | |
| Volatility (annualized) | 15.1% | 7.1% | |
| Max Drawdown | -56.5% | -10.6% | |
| Fund Family | iShares by BlackRock (US) | Innovator ETFs Trust | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 14, 2025 |
IVV vs SPUT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Innovator Equity Premium Income - Daily PutWrite ETF (SPUT) is a ETF from Innovator ETFs Trust. Over the past year IVV returned +23.70% while SPUT returned +15.41%. Year to date, IVV is up 13.80% versus a gain of 8.59% for SPUT.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 7.1% for SPUT. 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 -10.6% for SPUT. 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while SPUT 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 1.09% against 5.14% for SPUT.
Holdings Overlap
IVV and SPUT share 420 holdings out of 582 unique holdings combined, representing a 44.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPUT | Difference |
|---|---|---|---|
| NVDA | 7.76% | 3.54% | 4.22% |
| AAPL | 7.44% | 3.18% | 4.26% |
| MSFT | 4.57% | 2.34% | 2.23% |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
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Frequently Asked Questions
Which is cheaper, IVV or SPUT?
IVV has an expense ratio of 0.03% while SPUT 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 SPUT?
Over the past year IVV returned +23.70% vs +15.41% for SPUT, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.05% vs +15.80% for SPUT. Past performance does not guarantee future results.
Which is riskier, IVV or SPUT?
IVV has been the more volatile fund at 15.1% annualized versus 7.1% for SPUT. Worst drawdown: IVV -56.5% vs SPUT -10.6%.
Should I hold both IVV and SPUT?
IVV and SPUT have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and SPUT?
IVV and SPUT share 420 common holdings with a 44.6% weight overlap. Combined, they hold 582 unique securities.
Which pays a higher dividend, IVV or SPUT?
IVV yields 1.09% while SPUT yields 5.14%, so SPUT currently pays the higher dividend yield.
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