NMAY vs. APRB
NMAY (Innovator Growth-100 Power Buffer ETF - May) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. NMAY is passively managed, while APRB is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. NMAY charges 0.79%/yr vs 0.25%/yr for APRB.
Performance
NMAY vs. APRB - Performance Comparison
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Returns By Period
In the year-to-date period, NMAY achieves a 4.51% return, which is significantly higher than APRB's 4.20% return.
NMAY
- 1D
- -1.76%
- 1M
- 0.36%
- YTD
- 4.51%
- 6M
- 5.13%
- 1Y
- 13.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRB
- 1D
- -0.71%
- 1M
- 0.55%
- YTD
- 4.20%
- 6M
- 4.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NMAY vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NMAY Innovator Growth-100 Power Buffer ETF - May | 4.51% | 2.40% |
APRB Aptus April Buffer ETF | 4.20% | 2.48% |
Correlation
The correlation between NMAY and APRB is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.84 |
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Return for Risk
NMAY vs. APRB — Risk / Return Rank
NMAY
APRB
NMAY vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - May (NMAY) and Aptus April Buffer ETF (APRB). 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.
| NMAY | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.58 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.75 | — | — |
| Martin ratioReturn relative to average drawdown | 34.97 | — | — |
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
| NMAY | APRB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.00 | 1.81 | +1.20 |
Drawdowns
NMAY vs. APRB - Drawdown Comparison
The maximum NMAY drawdown since its inception was -1.94%, smaller than the maximum APRB drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for NMAY and APRB.
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Drawdown Indicators
| NMAY | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.94% | -4.59% | +2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | — | — |
Current DrawdownCurrent decline from peak | -1.94% | -0.71% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -0.74% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | — | — |
Volatility
NMAY vs. APRB - Volatility Comparison
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Volatility by Period
| NMAY | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 6.01% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.33% | 6.01% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 6.01% | -0.68% |
NMAY vs. APRB - Expense Ratio Comparison
NMAY has a 0.79% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
NMAY vs. APRB - Dividend Comparison
Neither NMAY nor APRB has paid dividends to shareholders.
Frequently Asked Questions
NMAY and APRB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, APRB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APRB is cheaper with a 0.25% expense ratio, compared with 0.79% for NMAY.
NMAY and APRB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for NMAY and 0.25% for APRB.
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