Which returned more over the last year, IVV or XBAP?

In the year to Sep 21, 2026, with distributions reinvested, IVV returned +16.6% and XBAP returned +13.7%, so IVV returned more.

Which is cheaper, IVV or XBAP?

IVV charges 0.03% a year and XBAP charges 0.79%, so IVV is cheaper. Fees come from each fund's prospectus.

Are IVV and XBAP the same kind of fund?

No. IVV is an index ETF and XBAP is a buffer ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 21, 2026.

ETFIQetfiq.com · independent ETF data

IVV vs XBAP: how they differ

Over the year IVV returned more, +16.6% to XBAP's +13.7%, and IVV charges 0.03% to XBAP's 0.79%.

iShares Core S&P 500 ETF and Innovator U.S. Equity Accelerated 9 Buffer ETF - Apr.

IVV and XBAP on the fields both publish, as of Sep 21, 2026. Source: ETFIQ.
	IVV iShares Core S&P 500 ETF	XBAP Innovator U.S. Equity Accelerated 9 Buffer ETF - Apr
Where it sits	Core fund	Buffer ETF
Issuer	iShares	Innovator
What it is	Tracks the S&P 500	Defined outcome, 9% on SPY
Total return, 1 year	+16.6%	+13.7%
S&P 500 over the same days	+16.6%	+16.6%
Gap to the S&P 500	0.0 pts	−2.9 pts
Expense ratio	0.03%	0.79%
Holdings	508	not filed
Net assets	$846.6bn	$128m

IVV in plain words

IVV tracks the S&P 500. Over the year to Sep 18, 2026 it returned +16.6% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Sep 18, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 508 positions, with the top ten at 38.6%.

XBAP in plain words

SPY had already risen past this fund's cap of +15.0% for the period on Sep 21, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 4.4% as the period runs out. The fund's price can fall 9.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 16.0% 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. 191 days remained on Sep 21, 2026. On Mar 31, 2027 the period ends and a new cap is set.

Questions people ask

Which returned more over the last year, IVV or XBAP?: In the year to Sep 21, 2026, with distributions reinvested, IVV returned +16.6% and XBAP returned +13.7%, so IVV returned more.
Which is cheaper, IVV or XBAP?: IVV charges 0.03% a year and XBAP charges 0.79%, so IVV is cheaper. Fees come from each fund's prospectus.
Are IVV and XBAP the same kind of fund?: No. IVV is an index ETF and XBAP is a buffer ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

IVV against XBAP, ETFIQ, data as of Sep 21, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, IVV against XBAP, data as of Sep 21, 2026. https://etfiq.com/compare/any/ivv-vs-xbap Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources