BMAY vs. FAPR
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - May (BMAY) and FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR).
BMAY and FAPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BMAY is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index May Series. It was launched on May 1, 2020. FAPR is an actively managed fund by First Trust. It was launched on Apr 16, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMAY or FAPR.
Performance
BMAY vs. FAPR - Performance Comparison
Returns By Period
In the year-to-date period, BMAY achieves a 18.77% return, which is significantly higher than FAPR's 17.70% return.
BMAY
18.77%
1.00%
8.63%
23.10%
N/A
N/A
FAPR
17.70%
0.90%
7.85%
21.62%
N/A
N/A
Key characteristics
| BMAY | FAPR | |
|---|---|---|
| Sharpe Ratio | 3.55 | 3.61 |
| Sortino Ratio | 4.93 | 4.96 |
| Omega Ratio | 1.80 | 1.82 |
| Calmar Ratio | 4.56 | 4.71 |
| Martin Ratio | 28.29 | 29.56 |
| Ulcer Index | 0.83% | 0.74% |
| Daily Std Dev | 6.63% | 6.09% |
| Max Drawdown | -17.66% | -15.96% |
| Current Drawdown | -0.17% | -0.16% |
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BMAY vs. FAPR - Expense Ratio Comparison
BMAY has a 0.79% expense ratio, which is lower than FAPR's 0.85% expense ratio.
Correlation
The correlation between BMAY and FAPR is 0.96, 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.
Risk-Adjusted Performance
BMAY vs. FAPR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - May (BMAY) and FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR). 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.
Dividends
BMAY vs. FAPR - Dividend Comparison
Neither BMAY nor FAPR has paid dividends to shareholders.
Drawdowns
BMAY vs. FAPR - Drawdown Comparison
The maximum BMAY drawdown since its inception was -17.66%, which is greater than FAPR's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for BMAY and FAPR. For additional features, visit the drawdowns tool.
Volatility
BMAY vs. FAPR - Volatility Comparison
Innovator U.S. Equity Buffer ETF - May (BMAY) has a higher volatility of 1.71% compared to FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) at 1.55%. This indicates that BMAY's price experiences larger fluctuations and is considered to be riskier than FAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.