Arm events in two-dimensional invasion percolation

We compare the probabilities of arm events in two-dimensional invasion percolation to those in critical percolation. Arm events are defined by the existence of a prescribed color sequence of invaded and non-invaded connections from the origin to distance n. We find that, for sequences of a particular form, arm probabilities in invasion percolation and critical percolation are comparable, uniformly in n, while they differ by a power of n for all others. A corollary of our results is the existence, on the triangular lattice, of arm exponents for invasion percolation, for any color sequence with at least two open (invaded) entries.