BNOV vs PMAY
Innovator US Equity Buffer ETF - November vs Innovator US Equity Power Buffer ETF - May
Which is better, BNOV or PMAY?
BNOV has been ahead.
BNOV led over 1Y, 3Y, 5Y and the full window. 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 | BNOV | PMAY |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $201M | $820M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 12 |
| YTD Return | +11.13%Best | +7.13% |
| 1Y Return | +13.58%Best | +9.34% |
| 3Y Return (annualized) | +13.95%Best | +12.43% |
| 5Y Return (annualized) | +8.95%Best | +7.24% |
| Volatility (annualized) | 10.4% | 6.9%Best |
| Max Drawdown | -16.3% | -13.1%Best |
| $10,000 over 5 years | $15,351Best | $14,184 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Nov 1, 2019 | 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).
BNOV 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.
BNOV vs PMAY Performance
Innovator US Equity Buffer ETF - November (BNOV) is an ETF from Innovator ETFs Trust and Innovator US Equity Power Buffer ETF - May (PMAY) is an ETF from Innovator ETFs Trust. Over the past year BNOV returned +13.58% while PMAY returned +9.34%. Year to date, BNOV is up 11.13% versus a gain of 7.13% for PMAY.
Over three years, BNOV compounded at +13.95% per year against +12.43% for PMAY; over five years the annualized figures are +8.95% and +7.24% respectively. Across the full 7-year window we track, BNOV has the edge at +11.52% annualized vs +8.33%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BNOV has been the more volatile fund, with annualized monthly volatility of 10.4% 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 -16.3% for BNOV 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BNOV charges 0.79% per year while PMAY charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, BNOV currently yields 0.00% against 0.00% for PMAY.
You are not choosing between two funds in isolation.
Whichever of BNOV 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, BNOV or PMAY?
BNOV has an expense ratio of 0.79% while PMAY charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, BNOV or PMAY?
Over the past year BNOV returned +13.58% vs +9.34% for PMAY, so BNOV leads on 1-year performance. Over the longest common window we track (7 years), BNOV annualized +11.52% vs +8.33% for PMAY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BNOV or PMAY?
BNOV has been the more volatile fund at 10.4% annualized versus 6.9% for PMAY. Worst drawdown: BNOV -16.3% vs PMAY -13.1%.
Should I hold both BNOV and PMAY?
BNOV and PMAY 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, BNOV or PMAY?
BNOV yields 0.00% while PMAY yields 0.00%, so PMAY currently pays the higher dividend yield.
Is PMAY better than BNOV?
BNOV led over 1Y, 3Y, 5Y and the full window. 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.