Data as of Oct 28, 2026.

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BAPR vs IVV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BAPR returned +16.2% to IVV's +13.7%, and IVV charges 0.03% to BAPR's 0.79%.

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Net assets: $417m on Oct 28, 2026 for Innovator U.S. Equity Buffer ETF - Apr, and $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF.

At a glance
+16.2%
BAPR total return, 1 year
+13.7%
IVV total return, 1 year
0.79%
BAPR expense ratio
0.03%
IVV expense ratio

Pair scorecard

IVV costs 0.76 points a year less; their one-year returns differ by 2.5 points; IVV is far larger, $885.1bn against $417m.

BAPR vs IVV: Differences, Returns & Fees
MeasureBAPRIVV
Return
Total return, 1 year+16.2%+13.7%
Drawdown
Index fall to the buffer15.7%
Fund price fall to the buffer11.4%
Benchmark
What it tracksSPYS&P 500
The outcome period
Buffer left, in index points9.0% of 9.0%
Days left in the period154
Period endsMar 31, 2027
Cost and size
Expense ratio0.79%0.03%
Net assets, as of Oct 27, 2026$417m$885.1bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund38.1%

Method

Side by side

BAPR Innovator U.S. Equity Buffer ETF - Apr IVV iShares Core S&P 500 ETF
Where it sits Buffer ETF Stock ETF
What it is Defined outcome, 9% on SPY Tracks the S&P 500
Total return, 1 year +16.2% +13.7%
Its benchmark over the same days +12.4% (SPY) +13.6% (SPY)
Gap to its benchmark +3.8 pts vs SPY +0.1 pts vs SPY
Expense ratio 0.79% 0.03%
Holdings not read by ETFIQ 505
Net assets, BAPR as of Oct 28, 2026 and IVV as of Oct 27, 2026 $417m $885.1bn

BAPR and IVV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
BAPR

SPY had already risen past this fund's cap of +18.5% for the period on Oct 28, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 5.0% as the period runs out.

The fund's price can fall 11.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 15.7% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 154 days remained on Oct 28, 2026. On Mar 31, 2027 the period ends and a new cap is set.

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 BAPR and IVV in the same category?
BAPR is a buffer 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, BAPR or IVV?
In the year to Oct 28, 2026, with distributions reinvested, BAPR returned +16.2% and IVV +13.7%.
Which is cheaper, BAPR 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.
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ETFIQ, BAPR against IVV, data as of Oct 28, 2026. https://etfiq.com/compare/any/bapr-vs-ivv

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