Data as of Oct 28, 2026.

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IVV vs TAPR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IVV returned +13.7% to TAPR's +4.7%, and IVV charges 0.03% to TAPR's 0.79%.

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Net assets: $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF, and $11m on Oct 28, 2026 for Innovator Equity Defined Protection ETF - Apr 2027.

At a glance
+13.7%
IVV total return, 1 year
+4.7%
TAPR total return, 1 year
0.03%
IVV expense ratio
0.79%
TAPR expense ratio

Pair scorecard

IVV costs 0.76 points a year less; their one-year returns differ by 9.0 points; IVV is far larger, $885.1bn against $11m.

IVV vs TAPR: Differences, Returns & Fees
MeasureIVVTAPR
Return
Total return, 1 year+13.7%+4.7%
Drawdown
Index fall to the buffer27.5%
Fund price fall to the buffer11.4%
Benchmark
What it tracksS&P 500SPY
The outcome period
Buffer left, in index points100.0% of 100.0%
Days left in the period154
Period endsMar 31, 2027
Cost and size
Expense ratio0.03%0.79%
Net assets, as of Oct 27, 2026$885.1bn$11m
Holdings
Holdings in commonnot published
Top ten holdings, share of the fund38.1%

Method

Side by side

IVV iShares Core S&P 500 ETF TAPR Innovator Equity Defined Protection ETF - Apr 2027
Where it sits Stock ETF Buffer ETF
What it is Tracks the S&P 500 Defined outcome, 100% on SPY
Total return, 1 year +13.7% +4.7%
Its benchmark over the same days +13.6% (SPY) +12.4% (SPY)
Gap to its benchmark +0.1 pts vs SPY −7.7 pts vs SPY
Expense ratio 0.03% 0.79%
Holdings 505 not read by ETFIQ
Net assets, IVV as of Oct 27, 2026 and TAPR as of Oct 28, 2026 $885.1bn $11m

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

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About each fund
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%.

TAPR

SPY had already risen past this fund's cap of +15.3% 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 2.4% 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 27.5% 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. 154 days remained on Oct 28, 2026. On Mar 31, 2027 the period ends and a new cap is set.

Questions people ask

Are IVV and TAPR in the same category?
IVV is a stock ETF and TAPR 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 TAPR?
In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and TAPR +4.7%.
Which is cheaper, IVV or TAPR?
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.
Other comparisons
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ETFIQ, IVV against TAPR, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-tapr

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