LAPR vs PMAY
Innovator Premium Income 15 Buffer ETF - April vs Innovator US Equity Power Buffer ETF - May
Which is better, LAPR or PMAY?
PMAY has been ahead.
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 | LAPR | PMAY |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $11M | $820M |
| Dividend Yield | 5.48% | 0.00% |
| Holdings | 30 | 12 |
| YTD Return | +0.12% | +7.13%Best |
| 1Y Return | +0.04% | +9.34%Best |
| 3Y Return (annualized) | - | +12.43% |
| 5Y Return (annualized) | - | +7.24% |
| Volatility (annualized) | 1.6%Best | 3.4% |
| Max Drawdown | -3.8%Best | -9.4% |
| $10,000 over 2.5 years | $10,809 | $13,022Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 1, 2024 | Apr 30, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 1, 2024 to Oct 14, 2026 (2.5 years).
LAPR 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 2.5 years both funds cover.
LAPR vs PMAY Performance
Innovator Premium Income 15 Buffer ETF - April (LAPR) 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 LAPR returned +0.04% while PMAY returned +9.34%. Year to date, LAPR is up 0.12% versus a gain of 7.13% for PMAY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PMAY has been the more volatile fund, with annualized monthly volatility of 3.4% compared with 1.6% for LAPR. 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 -3.8% for LAPR and -9.4% 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LAPR charges 0.79% per year while PMAY charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, LAPR currently yields 5.48% against 0.00% for PMAY.
You are not choosing between two funds in isolation.
Whichever of LAPR 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, LAPR or PMAY?
LAPR 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, LAPR or PMAY?
Over the past year LAPR returned +0.04% vs +9.34% for PMAY, so PMAY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LAPR or PMAY?
PMAY has been the more volatile fund at 3.4% annualized versus 1.6% for LAPR. Worst drawdown: LAPR -3.8% vs PMAY -9.4%.
Should I hold both LAPR and PMAY?
LAPR and PMAY have a monthly-return correlation of 0.68, 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, LAPR or PMAY?
LAPR yields 5.48% while PMAY yields 0.00%, so LAPR currently pays the higher dividend yield.
Is PMAY better than LAPR?
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.