Data as of Oct 28, 2026.
APRJ vs IVV: Differences, Returns & Fees
Over the year to Oct 28, 2026, APRJ returned +6.1% to IVV's +13.7%, and IVV charges 0.03% to APRJ's 0.79%.
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Net assets: $27m on Oct 28, 2026 for Innovator Premium Income 30 Barrier ETF - April, and $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF.
Pair scorecard
IVV costs 0.76 points a year less; their one-year returns differ by 7.6 points; IVV is far larger, $880.6bn against $27m.
| Measure | APRJ | IVV |
|---|---|---|
| Return | ||
| Total return, 1 year | +6.1% | +13.7% |
| Price change, 1 year | fell 0.2% | rose 12.4% |
| Latest payout, annualized | 6.9% | |
| Return of capital, issuer estimate | 53% of the Oct 2, 2026 payment | |
| Against its benchmark | ||
| What it tracks | Benchmark: S&P 500, measured through SPY | S&P 500 |
| Against its benchmark, same days | behind by 7.5 pts | |
| Cost and size | ||
| Expense ratio | 0.79% | 0.03% |
| Net assets, as of Oct 26, 2026 | $27m | $880.6bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Apr 14, 2023 to Oct 23, 2026 · 184 weekly returns · each against SPYIVV returned more: +93.0% to +24.1%. APRJ swung less: 2.5% to 13.9%. APRJ fell less at its worst: −3.3% to −16.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | APRJ | IVV | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +24.1% | +93.0% | IVV | Price change plus distributions, reinvested. | |
| Annualized | +6.3% | +20.4% | IVV | Total return as a yearly rate. | |
| Price return | +0.7% | +84.2% | IVV | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 2.5% | 13.9% | APRJ | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 2.0% | 8.9% | APRJ | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −3.3% | −16.9% | APRJ | Deepest fall from a high to the low after it. | |
| Upside capture | 10.0% | 100.7% | 100.0% | IVV | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 3.8% | 100.4% | 100.0% | APRJ | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.13 | 1.00 | 1.00 | APRJ lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.53 | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.62 | 1.08 | IVV | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.78 | 1.68 | IVV | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.117 | 0.149 | 0.149 | IVV | Return above Treasury bills per unit of beta. |
| Calmar | 1.89 | 1.21 | APRJ | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | −0.4% a year | 0.0% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.45 | 0.17 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.2% to +1.4% | −0.3% to +0.4% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −1.10 | 0.27 | IVV | Return against its benchmark per unit of tracking error. | |
| Tracking error | 12.2% | 0.3% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 184 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, APRJ and IVV hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
APRJ and IVV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
APRJ and IVV do different jobs. What does each one do in a portfolio?
- What each follows. APRJ is measured against S&P 500 through SPY and IVV follows S&P 500.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 APRJ returned +6.1% and IVV +13.7% with distributions reinvested, a gap of 7.6 points.
Data as of Oct 28, 2026.
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APRJ
Over the year to Oct 28, 2026, APRJ paid 6.2% of its starting value in cash distributions while its price fell 0.2%. With every distribution reinvested, the fund returned +6.1%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 7.5 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.9%, paid quarterly. Innovator estimates that 53% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
IVV
IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.
Questions people ask
- Are APRJ and IVV in the same category?
- APRJ is an option-income ETF and IVV is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, APRJ or IVV?
- In the year to Oct 28, 2026, with distributions reinvested, APRJ returned +6.1% and IVV +13.7%.
- Which is cheaper, APRJ or IVV?
- IVV is cheaper, by 0.76 percentage points a year. That is about $76 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, APRJ against IVV, data as of Oct 28, 2026. https://etfiq.com/compare/any/aprj-vs-ivv
ETFIQ. (Oct 28, 2026). APRJ against IVV. Retrieved from https://etfiq.com/compare/any/aprj-vs-ivv
[APRJ against IVV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/aprj-vs-ivv)
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