PMAY vs SMCY
Innovator US Equity Power Buffer ETF - May vs YieldMax SMCI Option Income Strategy ETF
Which is better, PMAY or SMCY?
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 | PMAY | SMCY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.01% |
| AUM | $820M | $135M |
| Dividend Yield | 0.00% | 123.46% |
| Holdings | 12 | 28 |
| YTD Return | +7.13%Best | +1.15% |
| 1Y Return | +9.34%Best | -33.69% |
| 3Y Return (annualized) | +12.43% | - |
| 5Y Return (annualized) | +7.24% | - |
| Volatility (annualized) | 3.4%Best | 69.8% |
| Max Drawdown | -9.4%Best | -64.8% |
| $10,000 over 2.1 years | $12,218Best | $5,996 |
| Fund Family | Innovator ETFs Trust | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 30, 2020 | Sep 11, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 12, 2024 to Oct 14, 2026 (2.1 years).
PMAY vs SMCY 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 2.1 years both funds cover.
PMAY vs SMCY Performance
Innovator US Equity Power Buffer ETF - May (PMAY) is an ETF from Innovator ETFs Trust and YieldMax SMCI Option Income Strategy ETF (SMCY) is an ETF from YieldMax ETF. Over the past year PMAY returned +9.34% while SMCY returned -33.69%. Year to date, PMAY is up 7.13% versus a gain of 1.15% for SMCY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMCY has been the more volatile fund, with annualized monthly volatility of 69.8% compared with 3.4% 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 -9.4% for PMAY and -64.8% for SMCY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PMAY charges 0.79% per year while SMCY charges 1.01%. On a $10,000 position that is $79 vs $101 annually, a gap of $22 per year that compounds over a long holding period. On income, PMAY currently yields 0.00% against 123.46% for SMCY.
You are not choosing between two funds in isolation.
Whichever of PMAY and SMCY 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, PMAY or SMCY?
PMAY has an expense ratio of 0.79% while SMCY charges 1.01%. PMAY is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, PMAY or SMCY?
Over the past year PMAY returned +9.34% vs -33.69% for SMCY, so PMAY leads on 1-year performance. Over the longest common window we track (2 years), PMAY annualized +10.01% vs -21.62% for SMCY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PMAY or SMCY?
SMCY has been the more volatile fund at 69.8% annualized versus 3.4% for PMAY. Worst drawdown: PMAY -9.4% vs SMCY -64.8%.
Should I hold both PMAY and SMCY?
PMAY and SMCY have a monthly-return correlation of 0.55, 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, PMAY or SMCY?
PMAY yields 0.00% while SMCY yields 123.46%, so SMCY currently pays the higher dividend yield.
Is SMCY better than PMAY?
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.