MAYZ vs. KFEB

Last updated Jun 4, 2026

MAYZ (TrueShares Structured Outcome (May) ETF) and KFEB (Innovator U.S. Small Cap Power Buffer ETF - February) are both Defined Outcome funds. MAYZ is passively managed, while KFEB is actively managed. Over the past year, MAYZ returned 21.69% vs 24.53% for KFEB. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

MAYZ vs. KFEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (May) ETF (MAYZ) and Innovator U.S. Small Cap Power Buffer ETF - February (KFEB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAYZ achieves a 8.56% return, which is significantly lower than KFEB's 11.46% return.

MAYZ

• 1D: -0.45%
• 1M: 4.24%
• YTD: 8.56%
• 6M: 8.43%
• 1Y: 21.69%
• 3Y*: 16.62%
• 5Y*: 9.61%
• 10Y*: —

KFEB

• 1D: -0.56%
• 1M: 1.73%
• YTD: 11.46%
• 6M: 10.76%
• 1Y: 24.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAYZ vs. KFEB - Yearly Performance Comparison

	2026 (YTD)	2025
MAYZ TrueShares Structured Outcome (May) ETF	8.56%	11.78%
KFEB Innovator U.S. Small Cap Power Buffer ETF - February	11.46%	8.76%

Correlation

The correlation between MAYZ and KFEB is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025	0.80

The correlation between MAYZ and KFEB has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.

Return for Risk

MAYZ vs. KFEB — Risk / Return Rank

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

MAYZ

MAYZ Risk / Return Rank: 62
MAYZ Sharpe Ratio Rank: 64
MAYZ Sortino Ratio Rank: 65
MAYZ Omega Ratio Rank: 64
MAYZ Calmar Ratio Rank: 51
MAYZ Martin Ratio Rank: 63

KFEB

KFEB Risk / Return Rank: 74
KFEB Sharpe Ratio Rank: 70
KFEB Sortino Ratio Rank: 73
KFEB Omega Ratio Rank: 65
KFEB Calmar Ratio Rank: 82
KFEB Martin Ratio Rank: 80

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.

MAYZ vs. KFEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (May) ETF (MAYZ) and Innovator U.S. Small Cap Power Buffer ETF - February (KFEB). 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.

	MAYZ	KFEB	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.25	-0.15
Sortino ratio: Return per unit of downside risk	2.95	3.26	-0.31
Omega ratio: Gain probability vs. loss probability	1.38	1.39	-0.01
Calmar ratio: Return relative to maximum drawdown	2.49	4.25	-1.76
Martin ratio: Return relative to average drawdown	11.30	15.46	-4.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAYZ vs. KFEB - Sharpe Ratio Comparison

The current MAYZ Sharpe Ratio is 2.10, which is comparable to the KFEB Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of MAYZ and KFEB, 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

	MAYZ	KFEB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.25	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	1.18	-0.38

Drawdowns

MAYZ vs. KFEB - Drawdown Comparison

The maximum MAYZ drawdown since its inception was -19.23%, which is greater than KFEB's maximum drawdown of -14.16%. Use the drawdown chart below to compare losses from any high point for MAYZ and KFEB.

Drawdown Indicators

	MAYZ	KFEB	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	-14.16%	-5.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-5.80%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-13.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	—	—
Current Drawdown Current decline from peak	-0.45%	-0.57%	+0.12%
Average Drawdown Average peak-to-trough decline	-4.77%	-2.33%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.59%	+0.33%

Volatility

MAYZ vs. KFEB - Volatility Comparison

TrueShares Structured Outcome (May) ETF (MAYZ) and Innovator U.S. Small Cap Power Buffer ETF - February (KFEB) have volatilities of 2.38% and 2.41%, 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

	MAYZ	KFEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	2.41%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	8.28%	7.71%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	10.37%	10.99%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.07%	13.27%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.04%	13.27%	-1.23%

MAYZ vs. KFEB - Expense Ratio Comparison

Both MAYZ and KFEB have an expense ratio of 0.79%.

Dividends

MAYZ vs. KFEB - Dividend Comparison

MAYZ's dividend yield for the trailing twelve months is around 1.98%, while KFEB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
KFEB Innovator U.S. Small Cap Power Buffer ETF - February	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MAYZ TrueShares Structured Outcome (May) ETF	1.98%	2.15%	1.95%	2.75%	0.69%	1.90%

Frequently Asked Questions

Can I hold both MAYZ and KFEB in my portfolio?

MAYZ and KFEB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAYZ or KFEB?

KFEB has higher volatility (2.41%) compared to MAYZ (2.38%). In terms of maximum drawdown, MAYZ dropped -19.23% vs KFEB's -14.16%.

Which ETF is better, MAYZ or KFEB?

On 1-year performance, KFEB leads with 24.53% vs 21.69% for MAYZ. Both ETFs have the same 0.79% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAYZ or KFEB?

Over the 1-year period, KFEB has performed better with a 24.53% return vs 21.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAYZ or KFEB?

MAYZ and KFEB have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, MAYZ or KFEB?

MAYZ has the higher dividend yield at 1.98%, compared with 0.00% for KFEB.

What is the main difference between MAYZ and KFEB?

They also come from different issuers: TrueShares and Innovator.

Which has better risk-adjusted returns?

KFEB currently has the higher Sharpe Ratio (2.25 vs 2.10), 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.