BFRZ vs IVV
Innovator Equity Managed 100 Buffer ETF vs iShares Core S&P 500 ETF
Which is better, BFRZ or IVV?
Option Writing against Large Cap Blend.
IVV has a lower expense ratio. IVV 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 | BFRZ | IVV |
|---|---|---|
| Expense Ratio | 0.89% | 0.03%Best |
| AUM | $147M | $896.5B |
| Dividend Yield | 0.25% | 1.10% |
| Holdings | 567 | 508 |
| YTD Return | +1.76% | +13.59%Best |
| 1Y Return | +3.04% | +17.54%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 4.0%Best | 11.6% |
| Max Drawdown | -3.1%Best | -8.9% |
| $10,000 over 1.4 years | $10,916 | $13,284Best |
| Fund Family | Innovator ETFs Trust | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | May 13, 2025 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: May 13, 2025 to Oct 14, 2026 (1.4 years).
BFRZ vs IVV 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 1.4 years both funds cover.
BFRZ vs IVV Performance
Innovator Equity Managed 100 Buffer ETF (BFRZ) is an ETF from Innovator ETFs Trust and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year BFRZ returned +3.04% while IVV returned +17.54%. Year to date, BFRZ is up 1.76% versus a gain of 13.59% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 11.6% compared with 4.0% for BFRZ. 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 -3.1% for BFRZ and -8.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BFRZ charges 0.89% per year while IVV charges 0.03%. On a $10,000 position that is $89 vs $3 annually, a gap of $86 per year that compounds over a long holding period. On income, BFRZ currently yields 0.25% against 1.10% for IVV.
Holdings Overlap
At least 67.6% of IVV's money is in holdings BFRZ also owns.
Stated as a floor: for BFRZ, our book for it covers 94.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
117 positions in common, counted across the 177 positions we hold weights for in BFRZ and 506 in IVV, against full books of 567 and 508.
Top Shared Holdings
| Stock | Weight in BFRZ | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.86% | 8.44% | 0.58% |
| AAPLApple, Inc | 7.13% | 7.29% | 0.16% |
| MSFTMicrosoft Corp | 5.70% | 5.76% | 0.06% |
| AMZNAmazon.Com Inc | 3.82% | 3.68% | 0.14% |
| GOOGLAlphabet Inc | 3.05% | 3.00% | 0.05% |
| AVGOBroadcom Inc | 2.56% | 2.47% | 0.09% |
| GOOGAlphabet Inc. C | 2.59% | 2.41% | 0.18% |
| METAMeta Platforms Inc | 2.46% | 2.42% | 0.04% |
| MUMicron Technology, Inc. | 1.94% | 1.87% | 0.07% |
| TSLATesla Inc | 1.78% | 1.51% | 0.27% |
67.6% of IVV is already inside BFRZ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BFRZ or IVV?
BFRZ has an expense ratio of 0.89% while IVV charges 0.03%. IVV is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, BFRZ or IVV?
Over the past year BFRZ returned +3.04% vs +17.54% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), BFRZ annualized +6.46% vs +22.49% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BFRZ or IVV?
IVV has been the more volatile fund at 11.6% annualized versus 4.0% for BFRZ. Worst drawdown: BFRZ -3.1% vs IVV -8.9%.
Should I hold both BFRZ and IVV?
BFRZ and IVV have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BFRZ and IVV?
At least 67.6% of IVV's money is in holdings BFRZ also owns. Our book for BFRZ is partial, so the real figure is this or higher. They hold 117 positions in common, counted across the 177 positions we hold weights for in BFRZ and 506 in IVV.
Which pays a higher dividend, BFRZ or IVV?
BFRZ yields 0.25% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Is IVV better than BFRZ?
IVV has a lower expense ratio. IVV 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.