IMAY vs. BPH

Last updated Jun 6, 2026

IMAY (Innovator International Developed Power Buffer ETF - May) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - IMAY is a Defined Outcome fund actively managed by Innovator, while BPH is a Oil & Gas fund actively managed by Precidian. Both are actively managed. At a 0.21 correlation, their price movements are largely independent. IMAY charges 0.85%/yr vs 0.19%/yr for BPH.

Performance

IMAY vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - May (IMAY) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IMAY

• 1D: -1.39%
• 1M: -1.13%
• YTD: 4.39%
• 6M: 5.94%
• 1Y: 11.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

• 1D: -1.59%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IMAY vs. BPH - Yearly Performance Comparison

	2026 (YTD)
IMAY Innovator International Developed Power Buffer ETF - May	-1.48%
BPH BP p.l.c. ADRhedged ETF	1.58%

Correlation

The correlation between IMAY and BPH is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.21

IMAY vs. BPH - Sectors Allocation Comparison

Sectors	IMAY	BPH
Financial Services	24.7%	-
Industrials	19.8%	-
Healthcare	10.6%	-
Technology	10.3%	-
Consumer Cyclical	7.7%	-
Consumer Defensive	6.7%	-
Basic Materials	5.9%	-
Communication Services	4.5%	-
Energy	4.0%	100.0%
Utilities	4.0%	-
Real Estate	1.9%	-

Return for Risk

IMAY vs. BPH — Risk / Return Rank

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

IMAY

IMAY Risk / Return Rank: 56
IMAY Sharpe Ratio Rank: 50
IMAY Sortino Ratio Rank: 51
IMAY Omega Ratio Rank: 54
IMAY Calmar Ratio Rank: 60
IMAY Martin Ratio Rank: 67

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.

IMAY vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - May (IMAY) and BP p.l.c. ADRhedged ETF (BPH). 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.

	IMAY	BPH	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.28	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.78	—	—
Martin ratio: Return relative to average drawdown	11.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IMAY	BPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	2.77	-1.54

Drawdowns

IMAY vs. BPH - Drawdown Comparison

The maximum IMAY drawdown since its inception was -9.38%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for IMAY and BPH.

Drawdown Indicators

	IMAY	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-9.38%	-2.35%	-7.03%
Max Drawdown (1Y) Largest decline over 1 year	-4.22%	—	—
Current Drawdown Current decline from peak	-1.48%	-1.59%	+0.11%
Average Drawdown Average peak-to-trough decline	-1.73%	-1.01%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	—	—

Volatility

Volatility by Period

	IMAY	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.36%	24.64%	-17.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.51%	24.64%	-15.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.51%	24.64%	-15.13%

IMAY vs. BPH - Expense Ratio Comparison

IMAY has a 0.85% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

IMAY vs. BPH - Dividend Comparison

Neither IMAY nor BPH has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IMAY and BPH in my portfolio?

IMAY and BPH have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IMAY or BPH?

On fees, BPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMAY or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.85% for IMAY.

Which ETF pays a higher dividend yield, IMAY or BPH?

IMAY and BPH have nearly identical dividend yields, around 0.00%.

What is the main difference between IMAY and BPH?

IMAY is categorized as Defined Outcome, while BPH is Oil & Gas. They also come from different issuers: Innovator and Precidian. Their fees differ too: 0.85% for IMAY and 0.19% for BPH.