APRD vs. GMAY

Last updated Apr 2, 2026

Compare and contrast key facts about Innovator Premium Income 10 Barrier ETF - April (APRD) and FT Cboe Vest U.S. Equity Moderate Buffer ETF - May (GMAY).

APRD and GMAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. APRD is an actively managed fund by Innovator. It was launched on Mar 31, 2023. GMAY is an actively managed fund by FT Vest. It was launched on May 19, 2023.

Performance

APRD vs. GMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 10 Barrier ETF - April (APRD) and FT Cboe Vest U.S. Equity Moderate Buffer ETF - May (GMAY). The values are adjusted to include any dividend payments, if applicable.

APRD vs. GMAY - Yearly Performance Comparison

	2026 (YTD)
APRD Innovator Premium Income 10 Barrier ETF - April	0.00%
GMAY FT Cboe Vest U.S. Equity Moderate Buffer ETF - May	-0.78%

Returns By Period

APRD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GMAY

• 1D: 0.57%
• 1M: -0.80%
• YTD: 0.00%
• 6M: 1.89%
• 1Y: 13.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APRD vs. GMAY - Expense Ratio Comparison

APRD has a 0.79% expense ratio, which is lower than GMAY's 0.85% expense ratio.

GMAY

FT Cboe Vest U.S. Equity Moderate Buffer ETF - May

APRD

Innovator Premium Income 10 Barrier ETF - April

Return for Risk

APRD vs. GMAY — Risk / Return Rank

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

GMAY

GMAY Risk / Return Rank: 74
GMAY Sharpe Ratio Rank: 70
GMAY Sortino Ratio Rank: 74
GMAY Omega Ratio Rank: 86
GMAY Calmar Ratio Rank: 56
GMAY Martin Ratio Rank: 83

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.

APRD vs. GMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 10 Barrier ETF - April (APRD) and FT Cboe Vest U.S. Equity Moderate Buffer ETF - May (GMAY). 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

	APRD	GMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.45	—

Dividends

APRD vs. GMAY - Dividend Comparison

Neither APRD nor GMAY has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

APRD vs. GMAY - Drawdown Comparison

The maximum APRD drawdown since its inception was 0.00%, smaller than the maximum GMAY drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for APRD and GMAY.

Drawdown Indicators

	APRD	GMAY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-11.75%	+11.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.58%	—
Current Drawdown Current decline from peak	0.00%	-1.16%	+1.16%
Average Drawdown Average peak-to-trough decline	0.00%	-0.76%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.32%	—

Volatility

Volatility by Period

	APRD	GMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	10.44%	-10.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	8.00%	-8.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	8.00%	-8.00%