KAPR vs. PMAY
Compare and contrast key facts about Innovator Russell 2000 Power Buffer ETF - April (KAPR) and Innovator U.S. Equity Power Buffer ETF - May (PMAY).
KAPR and PMAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KAPR is a passively managed fund by Innovator that tracks the performance of the Russell 2000 Index. It was launched on Mar 31, 2020. PMAY 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. Both KAPR and PMAY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KAPR vs. PMAY - Performance Comparison
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KAPR vs. PMAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KAPR Innovator Russell 2000 Power Buffer ETF - April | 3.19% | 7.42% | 12.10% | 15.36% | -8.14% | 2.48% | 12.41% |
PMAY Innovator U.S. Equity Power Buffer ETF - May | 0.88% | 10.26% | 14.08% | 12.05% | -8.08% | 7.80% | 11.97% |
Returns By Period
In the year-to-date period, KAPR achieves a 3.19% return, which is significantly higher than PMAY's 0.88% return.
KAPR
- 1D
- 0.62%
- 1M
- 1.14%
- YTD
- 3.19%
- 6M
- 5.99%
- 1Y
- 17.50%
- 3Y*
- 10.87%
- 5Y*
- 6.01%
- 10Y*
- —
PMAY
- 1D
- 1.47%
- 1M
- 0.03%
- YTD
- 0.88%
- 6M
- 2.69%
- 1Y
- 11.56%
- 3Y*
- 11.49%
- 5Y*
- 6.72%
- 10Y*
- —
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KAPR vs. PMAY - Expense Ratio Comparison
Both KAPR and PMAY have an expense ratio of 0.79%.
Return for Risk
KAPR vs. PMAY — Risk / Return Rank
KAPR
PMAY
KAPR vs. PMAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Russell 2000 Power Buffer ETF - April (KAPR) and Innovator U.S. Equity Power Buffer ETF - May (PMAY). 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.
| KAPR | PMAY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 1.10 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.47 | 1.68 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.45 | +0.65 |
Martin ratioReturn relative to average drawdown | 12.86 | 9.19 | +3.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KAPR | PMAY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.10 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.78 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.95 | -0.21 |
Correlation
The correlation between KAPR and PMAY is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
KAPR vs. PMAY - Dividend Comparison
Neither KAPR nor PMAY has paid dividends to shareholders.
Drawdowns
KAPR vs. PMAY - Drawdown Comparison
The maximum KAPR drawdown since its inception was -16.91%, which is greater than PMAY's maximum drawdown of -13.05%. Use the drawdown chart below to compare losses from any high point for KAPR and PMAY.
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Drawdown Indicators
| KAPR | PMAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -13.05% | -3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -8.18% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -13.05% | -3.86% |
Current DrawdownCurrent decline from peak | 0.00% | -0.13% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -2.17% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.29% | +0.08% |
Volatility
KAPR vs. PMAY - Volatility Comparison
The current volatility for Innovator Russell 2000 Power Buffer ETF - April (KAPR) is 1.70%, while Innovator U.S. Equity Power Buffer ETF - May (PMAY) has a volatility of 2.20%. This indicates that KAPR experiences smaller price fluctuations and is considered to be less risky than PMAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KAPR | PMAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 2.20% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.93% | 2.90% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.19% | 10.56% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.77% | 8.69% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.72% | 8.50% | +3.22% |