PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PMAY vs. SCHR
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PMAY vs. SCHR

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - May (PMAY) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR).

PMAY and SCHR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SCHR is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (3-10 Y). It was launched on Aug 5, 2010. Both PMAY and SCHR 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

PMAY vs. SCHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Power Buffer ETF - May (PMAY) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

PMAY vs. SCHR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
PMAY
Innovator U.S. Equity Power Buffer ETF - May		0.88%10.26%14.08%12.05%-8.08%7.80%11.97%
SCHR
Schwab Intermediate-Term U.S. Treasury ETF		-0.04%7.33%1.42%4.27%-10.58%-2.62%0.21%

Returns By Period

In the year-to-date period, PMAY achieves a 0.88% return, which is significantly higher than SCHR's -0.04% return.

PMAY

1D
1.47%
1M
0.03%
YTD
0.88%
6M
2.69%
1Y
11.56%
3Y*
11.49%
5Y*
6.72%
10Y*
—

SCHR

1D
0.20%
1M
-1.64%
YTD
-0.04%
6M
1.03%
1Y
4.13%
3Y*
3.30%
5Y*
0.32%
10Y*
1.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Innovator U.S. Equity Power Buffer ETF - May

Schwab Intermediate-Term U.S. Treasury ETF

Often compared with PMAY:
PMAY vs. VYMIPMAY vs. STCEPMAY vs. SCHVPMAY vs. SCHKPMAY vs. VOOPMAY vs. VOOVPMAY vs. VUG
Often compared with SCHR:
SCHR vs. VGITSCHR vs. SCHQSCHR vs. BNDSCHR vs. SCYBSCHR vs. IEFSCHR vs. SPTISCHR vs. SCHB

PMAY vs. SCHR - Expense Ratio Comparison

PMAY has a 0.79% expense ratio, which is higher than SCHR's 0.05% expense ratio.

PMAY
Innovator U.S. Equity Power Buffer ETF - May
SCHR
Schwab Intermediate-Term U.S. Treasury ETF

Return for Risk

PMAY vs. SCHR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PMAY
PMAY Risk / Return Rank: 7171
Overall Rank
PMAY Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
PMAY Sortino Ratio Rank: 6666
Sortino Ratio Rank
PMAY Omega Ratio Rank: 8989
Omega Ratio Rank
PMAY Calmar Ratio Rank: 5757
Calmar Ratio Rank
PMAY Martin Ratio Rank: 8282
Martin Ratio Rank
SCHR
SCHR Risk / Return Rank: 6464
Overall Rank
SCHR Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
SCHR Sortino Ratio Rank: 6868
Sortino Ratio Rank
SCHR Omega Ratio Rank: 5353
Omega Ratio Rank
SCHR Calmar Ratio Rank: 7373
Calmar Ratio Rank
SCHR Martin Ratio Rank: 6161
Martin Ratio Rank
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.

PMAY vs. SCHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - May (PMAY) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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.

PMAYSCHRDifference

Sharpe ratio

Return per unit of total volatility

1.10

1.08

+0.02

Sortino ratio

Return per unit of downside risk

1.68

1.64

+0.04

Omega ratio

Gain probability vs. loss probability

1.38

1.19

+0.19

Calmar ratio

Return relative to maximum drawdown

1.45

1.81

-0.36

Martin ratio

Return relative to average drawdown

9.19

5.65

+3.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PMAY vs. SCHR - Sharpe Ratio Comparison

The current PMAY Sharpe Ratio is 1.10, which is comparable to the SCHR Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of PMAY and SCHR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

PMAYSCHRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.10

1.08

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.06

+0.72

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.30

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.95

0.45

+0.49

Correlation

The correlation between PMAY and SCHR is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PMAY vs. SCHR - Dividend Comparison

PMAY has not paid dividends to shareholders, while SCHR's dividend yield for the trailing twelve months is around 3.86%.

TTM20252024202320222021202020192018201720162015
PMAY
Innovator U.S. Equity 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%
SCHR
Schwab Intermediate-Term U.S. Treasury ETF		3.86%3.85%3.77%3.16%2.02%1.00%1.62%2.31%2.11%1.65%1.45%1.56%

Drawdowns

PMAY vs. SCHR - Drawdown Comparison

The maximum PMAY drawdown since its inception was -13.05%, smaller than the maximum SCHR drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for PMAY and SCHR.

Loading graphics...

Drawdown Indicators

PMAYSCHRDifference

Max Drawdown

Largest peak-to-trough decline

-13.05%

-16.11%

+3.06%

Max Drawdown (1Y)

Largest decline over 1 year

-8.18%

-2.39%

-5.79%

Max Drawdown (5Y)

Largest decline over 5 years

-13.05%

-15.07%

+2.02%

Max Drawdown (10Y)

Largest decline over 10 years

—

-16.11%

—

Current Drawdown

Current decline from peak

-0.13%

-1.98%

+1.85%

Average Drawdown

Average peak-to-trough decline

-2.17%

-3.66%

+1.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.29%

0.77%

+0.52%

Volatility

PMAY vs. SCHR - Volatility Comparison

Innovator U.S. Equity Power Buffer ETF - May (PMAY) has a higher volatility of 2.20% compared to Schwab Intermediate-Term U.S. Treasury ETF (SCHR) at 1.35%. This indicates that PMAY's price experiences larger fluctuations and is considered to be riskier than SCHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

PMAYSCHRDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.20%

1.35%

+0.85%

Volatility (6M)

Calculated over the trailing 6-month period

2.90%

2.32%

+0.58%

Volatility (1Y)

Calculated over the trailing 1-year period

10.56%

3.85%

+6.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.69%

5.36%

+3.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.50%

4.47%

+4.03%