Correlation
The correlation between PMAY and SCHR is 0.04, 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.
PMAY vs. SCHR
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 Cboe S&P 500 15% Buffer Protect May Series Index. It was launched on May 1, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMAY or SCHR.
Performance
PMAY vs. SCHR - Performance Comparison
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Key characteristics
PMAY:
0.93
SCHR:
1.47
PMAY:
1.33
SCHR:
2.21
PMAY:
1.25
SCHR:
1.26
PMAY:
1.06
SCHR:
0.58
PMAY:
5.60
SCHR:
3.51
PMAY:
1.78%
SCHR:
1.95%
PMAY:
11.41%
SCHR:
4.68%
PMAY:
-13.05%
SCHR:
-16.11%
PMAY:
-0.19%
SCHR:
-5.46%
Returns By Period
In the year-to-date period, PMAY achieves a 2.99% return, which is significantly lower than SCHR's 3.48% return.
PMAY
2.99%
2.78%
2.89%
10.20%
8.72%
6.93%
N/A
SCHR
3.48%
-0.48%
2.38%
6.45%
1.68%
-0.97%
1.35%
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PMAY vs. SCHR - Expense Ratio Comparison
PMAY has a 0.79% expense ratio, which is higher than SCHR's 0.05% expense ratio.
Risk-Adjusted Performance
PMAY vs. SCHR — Risk-Adjusted Performance Rank
PMAY
SCHR
PMAY vs. SCHR - Risk-Adjusted Performance 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.
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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 3.78%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 3.78% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% | 1.44% |
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.
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Volatility
PMAY vs. SCHR - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - May (PMAY) has a higher volatility of 2.10% compared to Schwab Intermediate-Term U.S. Treasury ETF (SCHR) at 1.36%. 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.
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