BMAY vs PNOV
Innovator US Equity Buffer ETF - May vs Innovator US Equity Power Buffer ETF - November
Which is better, BMAY or PNOV?
Each has led over a different period.
BMAY led over 3Y, 5Y and the full window, PNOV over 1Y. The two have moved almost in lockstep, correlation 0.90.
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 | BMAY | PNOV |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $239M | $838M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 18 |
| YTD Return | +8.86% | +9.87%Best |
| 1Y Return | +11.65% | +11.76%Best |
| 3Y Return (annualized) | +15.64%Best | +11.02% |
| 5Y Return (annualized) | +8.89%Best | +8.54% |
| Volatility (annualized) | 9.4% | 7.7%Best |
| Max Drawdown | -17.7% | -10.6%Best |
| $10,000 over 5 years | $15,309Best | $15,064 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 30, 2020 | Oct 31, 2019 |
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).
BMAY vs PNOV 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.
BMAY vs PNOV Performance
Innovator US Equity Buffer ETF - May (BMAY) is an ETF from Innovator ETFs Trust and Innovator US Equity Power Buffer ETF - November (PNOV) is an ETF from Innovator ETFs Trust. Over the past year BMAY returned +11.65% while PNOV returned +11.76%. Year to date, BMAY is up 8.86% versus a gain of 9.87% for PNOV.
Over three years, BMAY compounded at +15.64% per year against +11.02% for PNOV; over five years the annualized figures are +8.89% and +8.54% respectively. Across the full 7-year window we track, BMAY has the edge at +10.80% annualized vs +10.06%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BMAY has been the more volatile fund, with annualized monthly volatility of 9.4% compared with 7.7% for PNOV. 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 -17.7% for BMAY and -10.6% for PNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BMAY charges 0.79% per year while PNOV charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, BMAY currently yields 0.00% against 0.00% for PNOV.
You are not choosing between two funds in isolation.
Whichever of BMAY and PNOV 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, BMAY or PNOV?
BMAY has an expense ratio of 0.79% while PNOV charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, BMAY or PNOV?
Over the past year BMAY returned +11.65% vs +11.76% for PNOV, so PNOV leads on 1-year performance. Over the longest common window we track (7 years), BMAY annualized +10.80% vs +10.06% for PNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BMAY or PNOV?
BMAY has been the more volatile fund at 9.4% annualized versus 7.7% for PNOV. Worst drawdown: BMAY -17.7% vs PNOV -10.6%.
Should I hold both BMAY and PNOV?
BMAY and PNOV have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BMAY or PNOV?
BMAY yields 0.00% while PNOV yields 0.00%, so PNOV currently pays the higher dividend yield.
Is PNOV better than BMAY?
BMAY led over 3Y, 5Y and the full window, PNOV over 1Y. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.