BMAY vs. ALARX
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - May (BMAY) and Alger Capital Appreciation Institutional Fund (ALARX).
BMAY is a passively managed fund by Innovator that tracks the performance of the S&P 500 Price Return Index. It was launched on Apr 30, 2020. ALARX is managed by Alger. It was launched on Nov 8, 1993.
Performance
BMAY vs. ALARX - Performance Comparison
Loading graphics...
BMAY vs. ALARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BMAY Innovator U.S. Equity Buffer ETF - May | 0.13% | 11.16% | 19.06% | 16.73% | -12.54% | 11.76% | 17.82% |
ALARX Alger Capital Appreciation Institutional Fund | -14.40% | 31.75% | 49.44% | 42.82% | -36.88% | 18.38% | 43.41% |
Returns By Period
In the year-to-date period, BMAY achieves a 0.13% return, which is significantly higher than ALARX's -14.40% return.
BMAY
- 1D
- 1.80%
- 1M
- -0.92%
- YTD
- 0.13%
- 6M
- 2.40%
- 1Y
- 13.12%
- 3Y*
- 14.07%
- 5Y*
- 8.16%
- 10Y*
- —
ALARX
- 1D
- -1.61%
- 1M
- -9.50%
- YTD
- -14.40%
- 6M
- -15.06%
- 1Y
- 28.27%
- 3Y*
- 28.46%
- 5Y*
- 12.22%
- 10Y*
- 16.23%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BMAY vs. ALARX - Expense Ratio Comparison
BMAY has a 0.79% expense ratio, which is lower than ALARX's 1.12% expense ratio.
Return for Risk
BMAY vs. ALARX — Risk / Return Rank
BMAY
ALARX
BMAY vs. ALARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - May (BMAY) and Alger Capital Appreciation Institutional Fund (ALARX). 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.
| BMAY | ALARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.00 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.54 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.31 | +0.07 |
Martin ratioReturn relative to average drawdown | 8.23 | 4.41 | +3.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BMAY | ALARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.00 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.44 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.46 | +0.47 |
Correlation
The correlation between BMAY and ALARX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BMAY vs. ALARX - Dividend Comparison
BMAY has not paid dividends to shareholders, while ALARX's dividend yield for the trailing twelve months is around 8.16%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMAY Innovator U.S. Equity Buffer ETF - May | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ALARX Alger Capital Appreciation Institutional Fund | 8.16% | 6.99% | 13.06% | 8.09% | 3.90% | 19.40% | 16.62% | 10.34% | 12.39% | 6.75% | 0.00% | 7.71% |
Drawdowns
BMAY vs. ALARX - Drawdown Comparison
The maximum BMAY drawdown since its inception was -17.66%, smaller than the maximum ALARX drawdown of -68.32%. Use the drawdown chart below to compare losses from any high point for BMAY and ALARX.
Loading graphics...
Drawdown Indicators
| BMAY | ALARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.66% | -68.32% | +50.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -18.65% | +8.71% |
Max Drawdown (5Y)Largest decline over 5 years | -17.66% | -46.86% | +29.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.86% | — |
Current DrawdownCurrent decline from peak | -1.20% | -18.65% | +17.45% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -21.07% | +17.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 5.54% | -3.87% |
Volatility
BMAY vs. ALARX - Volatility Comparison
The current volatility for Innovator U.S. Equity Buffer ETF - May (BMAY) is 3.07%, while Alger Capital Appreciation Institutional Fund (ALARX) has a volatility of 7.54%. This indicates that BMAY experiences smaller price fluctuations and is considered to be less risky than ALARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BMAY | ALARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 7.54% | -4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 16.53% | -12.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.46% | 27.59% | -15.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.31% | 27.71% | -16.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.11% | 24.65% | -13.54% |