Data as of Oct 28, 2026.
IVV vs UNOV: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to UNOV's +11.0%, and IVV charges 0.03% to UNOV's 0.79%.
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Net assets: $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF, and $105m on Oct 28, 2026 for Innovator U.S. Equity Ultra Buffer ETF - Nov.
Pair scorecard
IVV costs 0.76 points a year less; their one-year returns differ by 2.7 points; IVV is far larger, $885.1bn against $105m.
| Measure | IVV | UNOV |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +11.0% |
| Drawdown | ||
| Index fall to the buffer | 16.0% | |
| Fund price fall to the buffer | 15.2% | |
| Benchmark | ||
| What it tracks | S&P 500 | SPY |
| The outcome period | ||
| Buffer left, in index points | 30.0% of 30.0% | |
| Days left in the period | 3 | |
| Period ends | Oct 31, 2026 | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.79% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $105m |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Side by side
IVV and UNOV 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%.
SPY had already risen past this fund's cap of +12.0% 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 0.1% as the period runs out.
The fund's price can fall 15.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 16.0% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level. 3 days remained on Oct 28, 2026. On Oct 31, 2026 the period ends and a new cap is set.
Questions people ask
- Are IVV and UNOV in the same category?
- IVV is a stock ETF and UNOV 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 UNOV?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and UNOV +11.0%.
- Which is cheaper, IVV or UNOV?
- 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.
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ETFIQ, IVV against UNOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-unov
ETFIQ. (Oct 28, 2026). IVV against UNOV. Retrieved from https://etfiq.com/compare/any/ivv-vs-unov
[IVV against UNOV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-unov)
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