Data as of Oct 28, 2026.
IVV vs JULH: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to JULH's +4.4%, and IVV charges 0.03% to JULH's 0.79%.
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Net assets: $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF, and $17m on Oct 28, 2026 for Innovator Premium Income 20 Barrier ETF - July.
Pair scorecard
IVV costs 0.76 points a year less; their one-year returns differ by 9.3 points; IVV is far larger, $880.6bn against $17m.
| Measure | IVV | JULH |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +4.4% |
| Price change, 1 year | rose 12.4% | fell 0.5% |
| Latest payout, annualized | 6.6% | |
| Return of capital, issuer estimate | 51% of the Oct 2, 2026 payment | |
| Against its benchmark | ||
| What it tracks | S&P 500 | Benchmark: S&P 500, measured through SPY |
| Against its benchmark, same days | behind by 9.2 pts | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.79% |
| Net assets, as of Oct 26, 2026 | $880.6bn | $17m |
| 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
Jul 14, 2023 to Oct 23, 2026 · 171 weekly returns · each against SPYIVV returned more: +76.5% to +22.5%. JULH swung less: 3.6% to 14.2%. JULH fell less at its worst: −3.5% to −16.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IVV | JULH | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +76.5% | +22.5% | IVV | Price change plus distributions, reinvested. | |
| Annualized | +18.9% | +6.4% | IVV | Total return as a yearly rate. | |
| Price return | +69.0% | +0.2% | IVV | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 14.2% | 3.6% | JULH | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 9.2% | 2.6% | JULH | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −16.9% | −3.5% | JULH | Deepest fall from a high to the low after it. | |
| Upside capture | 100.7% | 14.4% | 100.0% | IVV | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.4% | 15.5% | 100.0% | JULH | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.00 | 0.20 | 1.00 | JULH lower | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.61 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.97 | 0.48 | IVV | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.50 | 0.66 | IVV | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.137 | 0.087 | 0.137 | IVV | Return above Treasury bills per unit of beta. |
| Calmar | 1.12 | 1.84 | JULH | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | −1.0% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.15 | −0.79 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.3% to +0.4% | −3.4% to +1.5% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.25 | −1.04 | IVV | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.3% | 11.5% | 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, 171 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and JULH 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
IVV and JULH 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.
IVV and JULH do different jobs. What does each one do in a portfolio?
- What each follows. IVV follows S&P 500 and JULH is measured against S&P 500 through SPY.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IVV returned +13.7% and JULH +4.4% with distributions reinvested, a gap of 9.3 points.
Data as of Oct 28, 2026.
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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%.
JULH
Over the year to Oct 28, 2026, JULH paid 4.8% of its starting value in cash distributions while its price fell 0.5%. With every distribution reinvested, the fund returned +4.4%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 9.2 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.6%, paid quarterly. Innovator estimates that 51% 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.
Questions people ask
- Are IVV and JULH in the same category?
- IVV is a stock ETF and JULH is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, IVV or JULH?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and JULH +4.4%.
- Which is cheaper, IVV or JULH?
- 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, IVV against JULH, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-julh
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