Innovator U.S. Equity Power Buffer ETF - May (PMAY)
PMAY is a passive ETF by Innovator tracking the investment results of the Cboe S&P 500 15% Buffer Protect May Series Index. PMAY launched on May 1, 2020 and has a 0.79% expense ratio.
ETF Info
May 1, 2020
North America (U.S.)
1x
Cboe S&P 500 15% Buffer Protect May Series Index
Large-Cap
Blend
Expense Ratio
PMAY has an expense ratio of 0.79%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Innovator U.S. Equity Power Buffer ETF - May (PMAY) returned 2.99% year-to-date (YTD) and 10.52% over the past 12 months.
PMAY
2.99%
3.09%
2.89%
10.52%
8.72%
6.93%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PMAY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.12% | 0.36% | -1.76% | 0.20% | 3.09% | 2.99% | |||||||
| 2024 | 1.08% | 1.42% | 0.64% | 0.55% | 2.78% | 1.65% | 0.79% | 1.48% | 1.01% | -0.02% | 2.00% | -0.09% | 14.08% |
| 2023 | 2.53% | -0.94% | 1.02% | -0.42% | 0.52% | 3.47% | 1.14% | -0.23% | -1.99% | -1.25% | 5.58% | 2.27% | 12.05% |
| 2022 | -0.82% | -1.13% | 2.27% | -6.23% | 0.14% | -5.11% | 5.46% | -2.01% | -5.03% | 4.70% | 2.96% | -2.77% | -8.08% |
| 2021 | -0.20% | 1.11% | 0.78% | 0.38% | 0.66% | 1.03% | 0.54% | 1.32% | -1.58% | 2.50% | -0.41% | 1.46% | 7.80% |
| 2020 | 4.46% | 0.47% | 2.04% | 1.91% | -0.72% | -1.00% | 3.80% | 0.56% | 11.97% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 80, PMAY is among the top 20% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - May (PMAY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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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 Power 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 Power Buffer ETF - May was 13.05%, occurring on Sep 30, 2022. Recovery took 294 trading sessions.
The current Innovator U.S. Equity Power Buffer ETF - May drawdown is 0.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.05% | Mar 30, 2022 | 128 | Sep 30, 2022 | 294 | Dec 1, 2023 | 422 |
| -9.43% | Feb 20, 2025 | 34 | Apr 8, 2025 | 23 | May 12, 2025 | 57 |
| -4.4% | Jan 13, 2022 | 37 | Mar 8, 2022 | 14 | Mar 28, 2022 | 51 |
| -3.8% | Jul 17, 2024 | 14 | Aug 5, 2024 | 9 | Aug 16, 2024 | 23 |
| -3.7% | Jun 9, 2020 | 3 | Jun 11, 2020 | 25 | Jul 17, 2020 | 28 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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