NMAY vs. EINC

Last updated Jul 11, 2026

NMAY (Innovator Growth-100 Power Buffer ETF - May) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - NMAY is a Defined Outcome fund tracking the Invesco QQQ Trust, Series 1, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. Both are passively managed. Over the past year, NMAY returned 11.46% vs 32.69% for EINC. At a correlation of -0.11, they often move in opposite directions. NMAY charges 0.79%/yr vs 0.45%/yr for EINC.

Performance

NMAY vs. EINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF - May (NMAY) and VanEck Energy Income ETF (EINC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NMAY achieves a 5.91% return, which is significantly lower than EINC's 28.74% return.

NMAY

• 1D: 0.13%
• 1M: 0.67%
• 6M: 5.47%
• YTD: 5.91%
• 1Y: 11.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EINC

• 1D: 1.55%
• 1M: 1.87%
• 6M: 30.32%
• YTD: 28.74%
• 1Y: 32.69%
• 3Y*: 28.67%
• 5Y*: 22.43%
• 10Y*: 11.77%

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

NMAY vs. EINC - Yearly Performance Comparison

	2026 (YTD)	2025
NMAY Innovator Growth-100 Power Buffer ETF - May	5.91%	12.39%
EINC VanEck Energy Income ETF	28.74%	5.91%

Correlation

The correlation between NMAY and EINC is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (All Time) Calculated using the full available price history since May 1, 2025	-0.11

Return for Risk

NMAY vs. EINC — Risk / Return Rank

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

NMAY

NMAY Risk / Return Rank: 86
NMAY Sharpe Ratio Rank: 79
NMAY Sortino Ratio Rank: 81
NMAY Omega Ratio Rank: 87
NMAY Calmar Ratio Rank: 88
NMAY Martin Ratio Rank: 94

EINC

EINC Risk / Return Rank: 81
EINC Sharpe Ratio Rank: 84
EINC Sortino Ratio Rank: 82
EINC Omega Ratio Rank: 80
EINC Calmar Ratio Rank: 89
EINC Martin Ratio Rank: 71

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.

NMAY vs. EINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - May (NMAY) and VanEck Energy Income ETF (EINC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NMAY	EINC	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.13	-0.14
Sortino ratio: Return per unit of downside risk	2.87	2.89	-0.02
Omega ratio: Gain probability vs. loss probability	1.42	1.37	+0.05
Calmar ratio: Return relative to maximum drawdown	4.14	4.16	-0.03
Martin ratio: Return relative to average drawdown	20.31	10.24	+10.07

NMAY vs. EINC - Sharpe Ratio Comparison

The current NMAY Sharpe Ratio is 2.00, which is comparable to the EINC Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of NMAY and EINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NMAY vs. EINC - Drawdown Comparison

The maximum NMAY drawdown since its inception was -2.76%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for NMAY and EINC.

Drawdown Indicators

	NMAY	EINC	Difference
Max Drawdown Largest peak-to-trough decline	-2.76%	-87.55%	+84.79%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	-7.89%	+5.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-68.85%	—
Current Drawdown Current decline from peak	-0.62%	-2.40%	+1.78%
Average Drawdown Average peak-to-trough decline	-0.28%	-44.01%	+43.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	3.20%	-2.64%

Volatility

NMAY vs. EINC - Volatility Comparison

The current volatility for Innovator Growth-100 Power Buffer ETF - May (NMAY) is 3.31%, while VanEck Energy Income ETF (EINC) has a volatility of 6.06%. This indicates that NMAY experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMAY	EINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	6.06%	-2.75%
Volatility (6M) Calculated over the trailing 6-month period	4.99%	12.30%	-7.31%
Volatility (1Y) Calculated over the trailing 1-year period	5.72%	15.42%	-9.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.96%	19.58%	-13.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.96%	25.34%	-19.38%

NMAY vs. EINC - Expense Ratio Comparison

NMAY has a 0.79% expense ratio, which is higher than EINC's 0.45% expense ratio.

Dividends

NMAY vs. EINC - Dividend Comparison

NMAY has not paid dividends to shareholders, while EINC's dividend yield for the trailing twelve months is around 3.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	3.44%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
NMAY Innovator Growth-100 Power Buffer ETF - May	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NMAY and EINC in my portfolio?

NMAY and EINC have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NMAY or EINC?

EINC has higher volatility (6.06%) compared to NMAY (3.31%). In terms of maximum drawdown, NMAY dropped -2.76% vs EINC's -87.55%.

Which ETF is better, NMAY or EINC?

On 1-year performance, EINC leads with 32.69% vs 11.46% for NMAY. On fees, EINC is cheaper at 0.45% per year. On volatility, NMAY has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NMAY or EINC?

Over the 1-year period, EINC has performed better with a 32.69% return vs 11.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NMAY or EINC?

EINC is cheaper with a 0.45% expense ratio, compared with 0.79% for NMAY.

Which ETF pays a higher dividend yield, NMAY or EINC?

EINC has the higher dividend yield at 3.44%, compared with 0.00% for NMAY.

What is the main difference between NMAY and EINC?

NMAY is categorized as Defined Outcome, while EINC is Energy Equities. NMAY tracks Invesco QQQ Trust, Series 1, while EINC tracks MVIS North America Energy Infrastructure Index. They also come from different issuers: Innovator and VanEck. Their fees differ too: 0.79% for NMAY and 0.45% for EINC.

Which has better risk-adjusted returns?

EINC currently has the higher Sharpe Ratio (2.13 vs 2.00), 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.