Correlation
The correlation between PMAY and STCE is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
PMAY vs. STCE
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - May (PMAY) and Schwab Crypto Thematic ETF (STCE).
PMAY and STCE 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. STCE is a passively managed fund by Schwab Funds that tracks the performance of the Schwab Crypto Thematic Index. It was launched on Aug 4, 2022. Both PMAY and STCE 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 STCE.
Performance
PMAY vs. STCE - Performance Comparison
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Key characteristics
PMAY:
0.93
STCE:
0.22
PMAY:
1.33
STCE:
0.70
PMAY:
1.25
STCE:
1.08
PMAY:
1.06
STCE:
0.21
PMAY:
5.60
STCE:
0.47
PMAY:
1.78%
STCE:
22.19%
PMAY:
11.41%
STCE:
62.17%
PMAY:
-13.05%
STCE:
-49.45%
PMAY:
-0.19%
STCE:
-27.86%
Returns By Period
In the year-to-date period, PMAY achieves a 2.99% return, which is significantly higher than STCE's -7.59% return.
PMAY
2.99%
2.78%
2.89%
10.20%
8.72%
6.93%
N/A
STCE
-7.59%
10.44%
-22.26%
14.86%
N/A
N/A
N/A
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PMAY vs. STCE - Expense Ratio Comparison
PMAY has a 0.79% expense ratio, which is higher than STCE's 0.30% expense ratio.
Risk-Adjusted Performance
PMAY vs. STCE — Risk-Adjusted Performance Rank
PMAY
STCE
PMAY vs. STCE - 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 Crypto Thematic ETF (STCE). 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. STCE - Dividend Comparison
PMAY has not paid dividends to shareholders, while STCE's dividend yield for the trailing twelve months is around 0.70%.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
PMAY Innovator U.S. Equity Power Buffer ETF - May | 0.00% | 0.00% | 0.00% | 0.00% |
STCE Schwab Crypto Thematic ETF | 0.70% | 0.64% | 0.31% | 1.46% |
Drawdowns
PMAY vs. STCE - Drawdown Comparison
The maximum PMAY drawdown since its inception was -13.05%, smaller than the maximum STCE drawdown of -49.45%. Use the drawdown chart below to compare losses from any high point for PMAY and STCE.
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Volatility
PMAY vs. STCE - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - May (PMAY) is 2.10%, while Schwab Crypto Thematic ETF (STCE) has a volatility of 13.97%. This indicates that PMAY experiences smaller price fluctuations and is considered to be less risky than STCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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