BUFF vs. VOO
Compare and contrast key facts about Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) and Vanguard S&P 500 ETF (VOO).
BUFF and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BUFF is a passively managed fund by Innovator that tracks the performance of the Refinitiv Laddered Power Buffer Strategy Index. It was launched on Oct 20, 2016. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both BUFF and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BUFF or VOO.
Key characteristics
| BUFF | VOO | |
|---|---|---|
| YTD Return | 12.03% | 26.88% |
| 1Y Return | 17.45% | 37.59% |
| 3Y Return (Ann) | 7.93% | 10.23% |
| 5Y Return (Ann) | 4.26% | 15.93% |
| Sharpe Ratio | 3.45 | 3.06 |
| Sortino Ratio | 5.14 | 4.08 |
| Omega Ratio | 1.73 | 1.58 |
| Calmar Ratio | 4.20 | 4.43 |
| Martin Ratio | 31.76 | 20.25 |
| Ulcer Index | 0.55% | 1.85% |
| Daily Std Dev | 5.02% | 12.23% |
| Max Drawdown | -46.23% | -33.99% |
| Current Drawdown | -0.16% | -0.30% |
Correlation
The correlation between BUFF and VOO is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BUFF vs. VOO - Performance Comparison
In the year-to-date period, BUFF achieves a 12.03% return, which is significantly lower than VOO's 26.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BUFF vs. VOO - Expense Ratio Comparison
BUFF has a 0.99% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
BUFF vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BUFF vs. VOO - Dividend Comparison
BUFF has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUFF Innovator Laddered Fund of U.S. Equity Power Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 1.78% | 1.68% | 1.74% | 1.55% | 0.18% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
BUFF vs. VOO - Drawdown Comparison
The maximum BUFF drawdown since its inception was -46.23%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BUFF and VOO. For additional features, visit the drawdowns tool.
Volatility
BUFF vs. VOO - Volatility Comparison
The current volatility for Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) is 1.24%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.89%. This indicates that BUFF experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.