HF vs PMAY
DGA Core Plus Absolute Return ETF vs Innovator US Equity Power Buffer ETF - May
Which is better, HF or PMAY?
PMAY has been ahead.
PMAY has a lower expense ratio. PMAY 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 | HF | PMAY |
|---|---|---|
| Expense Ratio | 1.70% | 0.79%Best |
| AUM | $21M | $820M |
| Dividend Yield | 0.89% | 0.00% |
| Holdings | 57 | 12 |
| Volatility (annualized) | 7.3% | 5.9%Best |
| Max Drawdown | -4.3%Best | -4.4% |
| $10,000 over 1.4 years | $11,548 | $12,089Best |
| Fund Family | Days Global Advisors | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 2, 2023 | Apr 30, 2020 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 671 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HF has data through Dec 12, 2024 and PMAY through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Aug 3, 2023 to Dec 12, 2024 (1.4 years).
Risk: Volatility and Drawdowns
HF has been the more volatile fund, with annualized monthly volatility of 7.3% compared with 5.9% 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 -4.3% for HF and -4.4% 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 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HF charges 1.70% per year while PMAY charges 0.79%. On a $10,000 position that is $170 vs $79 annually, a gap of $91 per year that compounds over a long holding period. On income, HF currently yields 0.89% against 0.00% for PMAY.
You are not choosing between two funds in isolation.
Whichever of HF 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, HF or PMAY?
HF has an expense ratio of 1.70% while PMAY charges 0.79%. PMAY is the cheaper option, by $91 a year on a $10,000 investment.
Which is riskier, HF or PMAY?
HF has been the more volatile fund at 7.3% annualized versus 5.9% for PMAY. Worst drawdown: HF -4.3% vs PMAY -4.4%.
Should I hold both HF and PMAY?
HF and PMAY have a monthly-return correlation of 0.64, 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, HF or PMAY?
HF yields 0.89% while PMAY yields 0.00%, so HF currently pays the higher dividend yield.
Is PMAY better than HF?
PMAY has a lower expense ratio. PMAY 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.