APRB vs. NMAY

Last updated Jun 5, 2026

APRB (Aptus April Buffer ETF) and NMAY (Innovator Growth-100 Power Buffer ETF - May) are both Defined Outcome funds. APRB is actively managed, while NMAY is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. APRB charges 0.25%/yr vs 0.79%/yr for NMAY.

Performance

APRB vs. NMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus April Buffer ETF (APRB) and Innovator Growth-100 Power Buffer ETF - May (NMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APRB achieves a 4.94% return, which is significantly lower than NMAY's 6.38% return.

APRB

• 1D: 0.17%
• 1M: 1.53%
• YTD: 4.94%
• 6M: 5.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NMAY

• 1D: -0.04%
• 1M: 2.80%
• YTD: 6.38%
• 6M: 7.13%
• 1Y: 14.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APRB vs. NMAY - Yearly Performance Comparison

	2026 (YTD)	2025
APRB Aptus April Buffer ETF	4.94%	2.48%
NMAY Innovator Growth-100 Power Buffer ETF - May	6.38%	2.40%

Correlation

The correlation between APRB and NMAY is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.83

Return for Risk

APRB vs. NMAY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NMAY

NMAY Risk / Return Rank: 95
NMAY Sharpe Ratio Rank: 92
NMAY Sortino Ratio Rank: 95
NMAY Omega Ratio Rank: 95
NMAY Calmar Ratio Rank: 96
NMAY Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APRB vs. NMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus April Buffer ETF (APRB) and Innovator Growth-100 Power Buffer ETF - May (NMAY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	APRB	NMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.04	3.57	-1.52

Drawdowns

APRB vs. NMAY - Drawdown Comparison

The maximum APRB drawdown since its inception was -4.59%, which is greater than NMAY's maximum drawdown of -1.71%. Use the drawdown chart below to compare losses from any high point for APRB and NMAY.

Drawdown Indicators

	APRB	NMAY	Difference
Max Drawdown Largest peak-to-trough decline	-4.59%	-1.71%	-2.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.71%	—
Current Drawdown Current decline from peak	0.00%	-0.18%	+0.18%
Average Drawdown Average peak-to-trough decline	-0.74%	-0.19%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.35%	—

Volatility

Volatility by Period

	APRB	NMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.96%	4.54%	+1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.96%	5.04%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.96%	5.04%	+0.92%

APRB vs. NMAY - Expense Ratio Comparison

APRB has a 0.25% expense ratio, which is lower than NMAY's 0.79% expense ratio.

Dividends

APRB vs. NMAY - Dividend Comparison

Neither APRB nor NMAY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both APRB and NMAY in my portfolio?

APRB and NMAY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APRB or NMAY?

On fees, APRB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APRB or NMAY?

APRB is cheaper with a 0.25% expense ratio, compared with 0.79% for NMAY.

Which ETF pays a higher dividend yield, APRB or NMAY?

APRB and NMAY have nearly identical dividend yields, around 0.00%.

What is the main difference between APRB and NMAY?

They also come from different issuers: Aptus Capital Advisors and Innovator. Their fees differ too: 0.25% for APRB and 0.79% for NMAY.