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 S&P 500 Price Return Index. It was launched on Apr 30, 2020. STCE is a passively managed fund by Charles Schwab 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.
Performance
PMAY vs. STCE - Performance Comparison
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PMAY vs. STCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PMAY Innovator U.S. Equity Power Buffer ETF - May | 0.88% | 10.26% | 14.08% | 12.05% | -2.97% |
STCE Schwab Crypto Thematic ETF | -13.31% | 36.12% | 41.76% | 108.65% | -38.86% |
Returns By Period
In the year-to-date period, PMAY achieves a 0.88% return, which is significantly higher than STCE's -13.31% return.
PMAY
- 1D
- 1.47%
- 1M
- 0.03%
- YTD
- 0.88%
- 6M
- 2.69%
- 1Y
- 11.56%
- 3Y*
- 11.49%
- 5Y*
- 6.72%
- 10Y*
- —
STCE
- 1D
- 6.43%
- 1M
- -8.21%
- YTD
- -13.31%
- 6M
- -32.83%
- 1Y
- 61.55%
- 3Y*
- 38.53%
- 5Y*
- —
- 10Y*
- —
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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.
Return for Risk
PMAY vs. STCE — Risk / Return Rank
PMAY
STCE
PMAY vs. STCE - 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 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.
| PMAY | STCE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.97 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.63 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.19 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.07 | +0.38 |
Martin ratioReturn relative to average drawdown | 9.19 | 2.24 | +6.96 |
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
| PMAY | STCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.97 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.41 | +0.53 |
Correlation
The correlation between PMAY and STCE is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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 2.26%.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PMAY Innovator U.S. Equity Power Buffer ETF - May | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STCE Schwab Crypto Thematic ETF | 2.26% | 1.96% | 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 -54.11%. Use the drawdown chart below to compare losses from any high point for PMAY and STCE.
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Drawdown Indicators
| PMAY | STCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.05% | -54.11% | +41.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -54.11% | +45.93% |
Max Drawdown (5Y)Largest decline over 5 years | -13.05% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -51.16% | +51.03% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -21.33% | +19.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 25.86% | -24.57% |
Volatility
PMAY vs. STCE - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - May (PMAY) is 2.20%, while Schwab Crypto Thematic ETF (STCE) has a volatility of 18.63%. 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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Volatility by Period
| PMAY | STCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 18.63% | -16.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 50.27% | -47.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 64.03% | -53.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.69% | 56.19% | -47.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.50% | 56.19% | -47.69% |