AJUL vs BMAY
Innovator Equity Defined Protection ETF - 2 Yr to July 2026 vs Innovator US Equity Buffer ETF - May
Which is better, AJUL or BMAY?
BMAY has been ahead.
BMAY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AJUL | BMAY |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $98M | $239M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 21 | 18 |
| YTD Return | +4.38% | +8.86%Best |
| 1Y Return | +6.14% | +11.65%Best |
| 3Y Return (annualized) | - | +15.64% |
| 5Y Return (annualized) | - | +8.89% |
| Volatility (annualized) | 3.4%Best | 5.2% |
| Max Drawdown | -6.1%Best | -12.8% |
| $10,000 over 2.3 years | $11,752 | $12,853Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 1, 2024 | Apr 30, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jul 1, 2024 to Oct 14, 2026 (2.3 years).
AJUL vs BMAY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
AJUL vs BMAY Performance
Innovator Equity Defined Protection ETF - 2 Yr to July 2026 (AJUL) is an ETF from Innovator ETFs Trust and Innovator US Equity Buffer ETF - May (BMAY) is an ETF from Innovator ETFs Trust. Over the past year AJUL returned +6.14% while BMAY returned +11.65%. Year to date, AJUL is up 4.38% versus a gain of 8.86% for BMAY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BMAY has been the more volatile fund, with annualized monthly volatility of 5.2% compared with 3.4% for AJUL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.1% for AJUL and -12.8% for BMAY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AJUL charges 0.79% per year while BMAY charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, AJUL currently yields 0.00% against 0.00% for BMAY.
You are not choosing between two funds in isolation.
Whichever of AJUL and BMAY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AJUL or BMAY?
AJUL has an expense ratio of 0.79% while BMAY charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, AJUL or BMAY?
Over the past year AJUL returned +6.14% vs +11.65% for BMAY, so BMAY leads on 1-year performance. Over the longest common window we track (2 years), AJUL annualized +7.27% vs +11.53% for BMAY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AJUL or BMAY?
BMAY has been the more volatile fund at 5.2% annualized versus 3.4% for AJUL. Worst drawdown: AJUL -6.1% vs BMAY -12.8%.
Should I hold both AJUL and BMAY?
AJUL and BMAY have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AJUL or BMAY?
AJUL yields 0.00% while BMAY yields 0.00%, so BMAY currently pays the higher dividend yield.
Is BMAY better than AJUL?
BMAY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.