- Issuer
- Innovator
- Inception Date
- Apr 30, 2020
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 Price Return Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $235M
Share Price Chart
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Performance
BMAY Performance Chart
Innovator U.S. Equity Buffer ETF - May (BMAY) is up 6.3% since the beginning of the year. BMAY is currently trading at $48 per share. Investors who bought $1,000 worth of BMAY shares 5 years ago would now be looking at an investment worth $1,557.
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Returns By Period
Innovator U.S. Equity Buffer ETF - May (BMAY) has returned 6.28% so far this year and 15.87% over the past 12 months.
Innovator U.S. Equity Buffer ETF - May
- 1D
- 0.02%
- 1M
- 3.10%
- YTD
- 6.28%
- 6M
- 7.34%
- 1Y
- 15.87%
- 3Y*
- 15.57%
- 5Y*
- 9.26%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
BMAY Monthly Returns History
Based on dividend-adjusted daily data since May 1, 2020, BMAY's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 69% of months were positive and 31% were negative. The best month was Nov 2023 with a return of +7.0%, while the worst month was Apr 2022 at -7.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BMAY closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +7.3%, while the worst single day was Apr 4, 2025 at -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.71% | 0.35% | -0.92% | 2.91% | 3.05% | 0.08% | 6.28% | ||||||
| 2025 | 1.59% | -0.02% | -3.13% | -0.58% | 4.05% | 2.83% | 1.24% | 1.27% | 1.29% | 0.72% | 0.56% | 0.97% | 11.16% |
| 2024 | 1.41% | 2.67% | 0.97% | 0.73% | 3.46% | 2.36% | 0.84% | 1.82% | 1.21% | -0.17% | 2.92% | -0.56% | 19.06% |
| 2023 | 3.83% | -1.20% | 1.58% | -0.18% | 0.47% | 4.82% | 1.86% | -0.55% | -3.46% | -1.52% | 7.03% | 3.39% | 16.73% |
| 2022 | -2.29% | -1.93% | 3.04% | -7.79% | 0.13% | -6.12% | 6.70% | -2.72% | -6.95% | 6.09% | 3.74% | -3.87% | -12.54% |
| 2021 | -0.64% | 1.56% | 1.18% | 0.45% | 0.79% | 1.47% | 1.44% | 1.65% | -2.55% | 4.09% | -0.84% | 2.73% | 11.76% |
Benchmark Metrics
Innovator U.S. Equity Buffer ETF - May has an annualized alpha of 0.18%, beta of 0.62, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since May 04, 2020.
- This ETF participated in 58.15% of S&P 500 Index downside but only 52.85% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.62 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.18%
- Beta
- 0.62
- R²
- 0.90
- Upside Capture
- 52.85%
- Downside Capture
- 58.15%
Expense Ratio
BMAY has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BMAY ranks 92 for risk / return — in the top 92% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - May (BMAY) and compare them to S&P 500 Index.
| BMAY | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.04 | 2.39 | +0.65 |
Sortino ratioReturn per unit of downside risk | 4.65 | 3.25 | +1.39 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.43 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 5.40 | 3.11 | +2.29 |
Martin ratioReturn relative to average drawdown | 31.62 | 14.38 | +17.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator U.S. Equity Buffer ETF - May. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator U.S. Equity Buffer ETF - May was 17.66%, occurring on Oct 14, 2022. Recovery took 292 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.66%Oct 2022 | 9mo 12d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -12.75%Apr 2025 | 1mo 17d | 1mo 29d | 3mo 16dFeb 2025 - Jun 2025 |
2024 pullback2024 | -5.16%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
2020 pullback2020 | -4.87%Jun 2020 | 2d | 1mo 6d | 1mo 8dJun 2020 - Jul 2020 |
2020 pullback2020 | -3.70%Oct 2020 | 17d | 6d | 23dOct 2020 - Nov 2020 |
Drawdown Indicators
| BMAY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.66% | -56.78% | +39.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -9.10% | +6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -12.75% | -18.90% | +6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -17.66% | -25.43% | +7.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -10.72% | +7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 1.97% | -1.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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