Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY)

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The chart shows the growth of an initial investment of $10,000 in Innovator Equity Defined Protection ETF - 1 Yr May, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Based on dividend-adjusted daily data since May 1, 2025, ZMAY's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, your investment would double in approximately 12.1 years.

Historically, 100% of months were positive and 0% were negative. The best month was Jun 2025 with a return of +0.9%, while the worst month was Mar 2026 at 0.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 0 months.

On a daily basis, ZMAY closed higher 56% of trading days. The best single day was Mar 31, 2026 with a return of +0.4%, while the worst single day was May 21, 2025 at -0.3%.

Innovator Equity Defined Protection ETF - 1 Yr May has an annualized alpha of 4.25%, beta of 0.09, and R² of 0.59 versus S&P 500 Index. Calculated based on daily prices since May 02, 2025.

• This ETF captured 17.10% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -20.23%) — a profile typical of hedging or uncorrelated assets.
• This ETF generated an annualized alpha of 4.25% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.09 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

ZMAY has an expense ratio of 0.79%, placing it in the medium range.

The table below present risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) and compare them to a chosen benchmark (S&P 500 Index).

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.

The table below displays the maximum drawdowns of the Innovator Equity Defined Protection ETF - 1 Yr 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 Equity Defined Protection ETF - 1 Yr May was 0.39%, occurring on Mar 27, 2026. Recovery took 2 trading sessions.

The chart below shows the rolling one-month volatility.