Innovator Growth-100 Power Buffer ETF - May (NMAY) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NMAY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMAY
NMAY charges 0.79% annually. There are 89 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | NMAY vs OCTB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | NMAY vs JANB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | NMAY vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | NMAY vs APRB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | NMAY vs FBUF |
Best Risk-Adjusted Alternatives to NMAY
NMAY has a PortfoliosLab risk / return rank of 90. There are 80 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | NMAY vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | NMAY vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | NMAY vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | NMAY vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 133.76M | Mar 2021 | NMAY vs XBAP |
Top Performing NMAY Alternatives (YTD)
NMAY is at 5.89% YTD. There are 113 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | NMAY vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 15.63% | — | Mar 2025 | NMAY vs TMAR | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.48% | — | Jan 2025 | NMAY vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 12.76% | 216.78M | Mar 2020 | NMAY vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.60% | 563.55M | Mar 2021 | NMAY vs QMAR |
Lowest Volatility Alternatives to NMAY
NMAY has 5.33% 1-year volatility. There are 106 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.18% | — | Mar 2025 | NMAY vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.21% | — | Apr 2025 | NMAY vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.29% | — | Apr 2025 | NMAY vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.37% | 19.60M | Apr 2025 | NMAY vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | NMAY vs MMAX |
Lowest Drawdown Alternatives to NMAY
NMAY has a 1-year max drawdown of -2.76%. There are 76 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | NMAY vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | NMAY vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | NMAY vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | NMAY vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.30M | May 2024 | NMAY vs CPSM |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 5 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 94 | 2.21% | 2.53B | Jun 2021 | NMAY vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 35 | 26.26% | 89.40M | Apr 2015 | NMAY vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 5.42% | 869.51M | Oct 2016 | NMAY vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 55 | 4.46% | 2.04B | Nov 2022 | NMAY vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 66 | 26.49% | 214.23M | Jul 2018 | NMAY vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 81 | 5.06% | 1.48B | Jan 2019 | NMAY vs PJAN | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 96 | 10.78% | 404.13M | Mar 2019 | NMAY vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 91 | 4.80% | 997.06M | Aug 2018 | NMAY vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 65 | 6.21% | 524.53M | Jan 2024 | NMAY vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 79 | 5.35% | 969.70M | Sep 2018 | NMAY vs POCT |
Often Compared With NMAY
Investors most often compare NMAY with ZFEB, ZMAY, BOUT. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare NMAY with Any Fund or Stock
Compare NMAY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMAY with funds that move differently
Innovator Growth-100 Power Buffer ETF - May alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMAY.
Explore NMAY Diversifiers