EDGH vs. KMAY

Last updated Jun 4, 2026

EDGH (3EDGE Dynamic Hard Assets ETF) and KMAY (Innovator U.S. Small Cap Power Buffer ETF - May) are both exchange-traded funds - EDGH is a Commodities fund actively managed by 3EDGE Asset Management, while KMAY is a Defined Outcome fund actively managed by Innovator. Both are actively managed. Over the past year, EDGH returned 31.24% vs 15.29% for KMAY. At a 0.01 correlation, their price movements are largely independent. EDGH charges 1.01%/yr vs 0.79%/yr for KMAY.

Performance

EDGH vs. KMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 3EDGE Dynamic Hard Assets ETF (EDGH) and Innovator U.S. Small Cap Power Buffer ETF - May (KMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDGH achieves a 12.49% return, which is significantly higher than KMAY's 4.86% return.

EDGH

• 1D: -0.45%
• 1M: -1.84%
• YTD: 12.49%
• 6M: 14.30%
• 1Y: 31.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KMAY

• 1D: -0.66%
• 1M: 1.80%
• YTD: 4.86%
• 6M: 5.68%
• 1Y: 15.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDGH vs. KMAY - Yearly Performance Comparison

	2026 (YTD)	2025
EDGH 3EDGE Dynamic Hard Assets ETF	12.49%	19.02%
KMAY Innovator U.S. Small Cap Power Buffer ETF - May	4.86%	13.83%

Correlation

The correlation between EDGH and KMAY is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since May 2, 2025	0.01

Return for Risk

EDGH vs. KMAY — Risk / Return Rank

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

EDGH

EDGH Risk / Return Rank: 54
EDGH Sharpe Ratio Rank: 52
EDGH Sortino Ratio Rank: 43
EDGH Omega Ratio Rank: 60
EDGH Calmar Ratio Rank: 60
EDGH Martin Ratio Rank: 57

KMAY

KMAY Risk / Return Rank: 87
KMAY Sharpe Ratio Rank: 78
KMAY Sortino Ratio Rank: 86
KMAY Omega Ratio Rank: 85
KMAY Calmar Ratio Rank: 93
KMAY Martin Ratio Rank: 94

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.

EDGH vs. KMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic Hard Assets ETF (EDGH) and Innovator U.S. Small Cap Power Buffer ETF - May (KMAY). 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.

	EDGH	KMAY	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.51	-0.74
Sortino ratio: Return per unit of downside risk	2.15	3.83	-1.68
Omega ratio: Gain probability vs. loss probability	1.36	1.51	-0.15
Calmar ratio: Return relative to maximum drawdown	2.96	6.46	-3.50
Martin ratio: Return relative to average drawdown	9.70	27.25	-17.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDGH vs. KMAY - Sharpe Ratio Comparison

The current EDGH Sharpe Ratio is 1.77, which is comparable to the KMAY Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of EDGH and KMAY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EDGH	KMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	2.51	-0.74
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	2.68	-1.15

Drawdowns

EDGH vs. KMAY - Drawdown Comparison

The maximum EDGH drawdown since its inception was -10.60%, which is greater than KMAY's maximum drawdown of -2.38%. Use the drawdown chart below to compare losses from any high point for EDGH and KMAY.

Drawdown Indicators

	EDGH	KMAY	Difference
Max Drawdown Largest peak-to-trough decline	-10.60%	-2.38%	-8.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	-2.38%	-8.22%
Current Drawdown Current decline from peak	-4.80%	-0.69%	-4.11%
Average Drawdown Average peak-to-trough decline	-2.04%	-0.35%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	0.56%	+2.67%

Volatility

EDGH vs. KMAY - Volatility Comparison

3EDGE Dynamic Hard Assets ETF (EDGH) and Innovator U.S. Small Cap Power Buffer ETF - May (KMAY) have volatilities of 3.01% and 2.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDGH	KMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	2.89%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	14.72%	3.99%	+10.73%
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	6.16%	+11.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.60%	6.65%	+8.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.60%	6.65%	+8.95%

EDGH vs. KMAY - Expense Ratio Comparison

EDGH has a 1.01% expense ratio, which is higher than KMAY's 0.79% expense ratio.

Dividends

EDGH vs. KMAY - Dividend Comparison

EDGH's dividend yield for the trailing twelve months is around 1.05%, while KMAY has not paid dividends to shareholders.

Position	TTM	2025	2024
EDGH 3EDGE Dynamic Hard Assets ETF	1.05%	1.18%	3.19%
KMAY Innovator U.S. Small Cap Power Buffer ETF - May	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EDGH and KMAY in my portfolio?

EDGH and KMAY have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDGH or KMAY?

EDGH has higher volatility (3.01%) compared to KMAY (2.89%). In terms of maximum drawdown, EDGH dropped -10.60% vs KMAY's -2.38%.

Which ETF is better, EDGH or KMAY?

On 1-year performance, EDGH leads with 31.24% vs 15.29% for KMAY. On fees, KMAY is cheaper at 0.79% per year. On volatility, KMAY has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGH or KMAY?

Over the 1-year period, EDGH has performed better with a 31.24% return vs 15.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGH or KMAY?

KMAY is cheaper with a 0.79% expense ratio, compared with 1.01% for EDGH.

Which ETF pays a higher dividend yield, EDGH or KMAY?

EDGH has the higher dividend yield at 1.05%, compared with 0.00% for KMAY.

What is the main difference between EDGH and KMAY?

EDGH is categorized as Commodities, while KMAY is Defined Outcome. They also come from different issuers: 3EDGE Asset Management and Innovator. Their fees differ too: 1.01% for EDGH and 0.79% for KMAY.

Which has better risk-adjusted returns?

KMAY currently has the higher Sharpe Ratio (2.51 vs 1.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.