BDJ vs PMAY
Blackrock Enhanced Equity Dividend Trust vs Innovator US Equity Power Buffer ETF - May
Which is better, BDJ or PMAY?
BDJ has been ahead.
PMAY has a lower expense ratio. BDJ led over 1Y, 3Y, 5Y 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 | BDJ | PMAY |
|---|---|---|
| Expense Ratio | 0.84% | 0.79%Best |
| AUM | $1.9B | $820M |
| Dividend Yield | 8.33% | 0.00% |
| Holdings | 307 | 12 |
| YTD Return | +7.80%Best | +7.13% |
| 1Y Return | +14.27%Best | +9.34% |
| 3Y Return (annualized) | +18.01%Best | +12.43% |
| 5Y Return (annualized) | +8.68%Best | +7.24% |
| Volatility (annualized) | 17.3% | 6.9%Best |
| Max Drawdown | -21.4% | -13.1%Best |
| $10,000 over 5 years | $15,162Best | $14,184 |
| Fund Family | BlackRock, Inc. (US) | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 26, 2005 | Apr 30, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 1, 2020 to Oct 14, 2026 (6.5 years).
BDJ vs PMAY 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 6.5 years both funds cover.
BDJ vs PMAY Performance
Blackrock Enhanced Equity Dividend Trust (BDJ) is an ETF from BlackRock, Inc. (US) and Innovator US Equity Power Buffer ETF - May (PMAY) is an ETF from Innovator ETFs Trust. Over the past year BDJ returned +14.27% while PMAY returned +9.34%. Year to date, BDJ is up 7.80% versus a gain of 7.13% for PMAY.
Over three years, BDJ compounded at +18.01% per year against +12.43% for PMAY; over five years the annualized figures are +8.68% and +7.24% respectively. Across the full 7-year window we track, BDJ has the edge at +13.63% annualized vs +8.33%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BDJ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 6.9% for PMAY. 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 -21.4% for BDJ and -13.1% for PMAY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BDJ charges 0.84% per year while PMAY charges 0.79%. On a $10,000 position that is $84 vs $79 annually, a gap of $5 per year that compounds over a long holding period. On income, BDJ currently yields 8.33% against 0.00% for PMAY.
You are not choosing between two funds in isolation.
Whichever of BDJ and PMAY 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, BDJ or PMAY?
BDJ has an expense ratio of 0.84% while PMAY charges 0.79%. PMAY is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, BDJ or PMAY?
Over the past year BDJ returned +14.27% vs +9.34% for PMAY, so BDJ leads on 1-year performance. Over the longest common window we track (7 years), BDJ annualized +13.63% vs +8.33% for PMAY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BDJ or PMAY?
BDJ has been the more volatile fund at 17.3% annualized versus 6.9% for PMAY. Worst drawdown: BDJ -21.4% vs PMAY -13.1%.
Should I hold both BDJ and PMAY?
BDJ and PMAY have a monthly-return correlation of 0.72, 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, BDJ or PMAY?
BDJ yields 8.33% while PMAY yields 0.00%, so BDJ currently pays the higher dividend yield.
Is PMAY better than BDJ?
PMAY has a lower expense ratio. BDJ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.