Data as of Oct 28, 2026.
IVV vs SEPM: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to SEPM's +5.9%, and IVV charges 0.03% to SEPM's 0.85%.
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Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $38m for FT Vest U.S. Equity Max Buffer ETF - September.
Pair scorecard
IVV costs 0.82 points a year less; their one-year returns differ by 7.8 points; IVV is far larger, $885.1bn against $38m.
| Measure | IVV | SEPM |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +5.9% |
| Drawdown | ||
| Index fall to the buffer | 1.4% | |
| Fund price fall to the buffer | 1.5% | |
| Benchmark | ||
| What it tracks | S&P 500 | SPY |
| The outcome period | ||
| Room to the cap | 6.7% | |
| Buffer left, in index points | 100.0% of 100.0% | |
| Days left in the period | 324 | |
| Period ends | Sep 17, 2027 | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.85% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $38m |
| Holdings | ||
| Holdings in common | not published | |
| Top ten holdings, share of the fund | 38.1% | |
Side by side
IVV and SEPM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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%.
SEPM
From its price on Oct 28, 2026, the fund can gain about 6.7% more before it reaches its cap. The fund's price can fall 1.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.4% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 324 days remained on Oct 28, 2026. On Sep 17, 2027 the period ends and a new cap is set.
Questions people ask
- Are IVV and SEPM in the same category?
- IVV is a stock ETF and SEPM is a buffer 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 SEPM?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and SEPM +5.9%.
- Which is cheaper, IVV or SEPM?
- IVV is cheaper, by 0.82 percentage points a year. That is about $82 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, IVV against SEPM, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-sepm
ETFIQ. (Oct 28, 2026). IVV against SEPM. Retrieved from https://etfiq.com/compare/any/ivv-vs-sepm
[IVV against SEPM (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-sepm)
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