PNOV vs UMAY
Innovator US Equity Power Buffer ETF - November vs Innovator U.S. Equity Ultra Buffer ETF - May
Which is better, PNOV or UMAY?
Each has led over a different period.
PNOV led over 1Y, 5Y and the full window, UMAY over 3Y.
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 | PNOV | UMAY |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $838M | $137M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 24 |
| YTD Return | +9.87%Best | +6.64% |
| 1Y Return | +11.76%Best | +8.83% |
| 3Y Return (annualized) | +11.02% | +11.71%Best |
| 5Y Return (annualized) | +8.54%Best | +6.64% |
| Volatility (annualized) | 7.7% | 6.2%Best |
| Max Drawdown | -10.6%Best | -12.1% |
| $10,000 over 5 years | $15,064Best | $13,791 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 31, 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).
PNOV vs UMAY 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.
PNOV vs UMAY Performance
Innovator US Equity Power Buffer ETF - November (PNOV) is an ETF from Innovator ETFs Trust and Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) is an ETF from Innovator ETFs Trust. Over the past year PNOV returned +11.76% while UMAY returned +8.83%. Year to date, PNOV is up 9.87% versus a gain of 6.64% for UMAY.
Over three years, PNOV compounded at +11.02% per year against +11.71% for UMAY; over five years the annualized figures are +8.54% and +6.64% respectively. Across the full 7-year window we track, PNOV has the edge at +10.06% annualized vs +6.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PNOV has been the more volatile fund, with annualized monthly volatility of 7.7% compared with 6.2% for UMAY. 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 -10.6% for PNOV and -12.1% for UMAY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PNOV charges 0.79% per year while UMAY charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, PNOV currently yields 0.00% against 0.00% for UMAY.
You are not choosing between two funds in isolation.
Whichever of PNOV and UMAY 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, PNOV or UMAY?
PNOV has an expense ratio of 0.79% while UMAY charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, PNOV or UMAY?
Over the past year PNOV returned +11.76% vs +8.83% for UMAY, so PNOV leads on 1-year performance. Over the longest common window we track (7 years), PNOV annualized +10.06% vs +6.82% for UMAY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PNOV or UMAY?
PNOV has been the more volatile fund at 7.7% annualized versus 6.2% for UMAY. Worst drawdown: PNOV -10.6% vs UMAY -12.1%.
Should I hold both PNOV and UMAY?
PNOV and UMAY have a monthly-return correlation of 0.87, 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, PNOV or UMAY?
PNOV yields 0.00% while UMAY yields 0.00%, so UMAY currently pays the higher dividend yield.
Is UMAY better than PNOV?
PNOV led over 1Y, 5Y and the full window, UMAY over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.