PMAYInnovator U.S. Equity Power Buffer ETF - May
Seeks to provide returns that match the Underlying ETF's return, up to a cap of 13.87%, while buffering the first 15% of losses.
By Innovator ETFs · Launched 2020
Annual Cost
0.79%
#4,370 of 6,040 · expensive
Fund Size
$816M
#1,299 of 6,040 · large
Return (1Y)
+8.7%
Track Record
6 years
#2,074 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,848+8.5%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Structured outcome
Index tracked
S&P 500 Price Return Index
Holdings
By weightConcentration
Top 5 holdings = 100.1% of fundconcentrated
N/A
113.7%
US BANK MMDA - USBGFS 9
0.3%
N/A
0.0%
N/A
0.0%
N/A
-13.9%
Asset allocation
Stocks
95.4%
Cash
4.5%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.6%Low
Year-on-year price swings
Max drawdown
-12.9%Mild
Worst peak-to-trough loss
Sharpe (3Y)
1.01Strong risk-adjusted returns
Sortino (3Y)
1.51Good downside protection
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns that match the Underlying ETF's return, up to a cap of 13.87%, while buffering the first 15% of losses.
- Strategy
- Invests primarily in FLEX Options referencing the Underlying ETF to provide returns matching the Underlying ETF, subject to a 13.87% upside cap and a 15% buffer against losses. The strategy is designed for the Outcome Period from May 1, 2025 to April 30, 2026.
- Inception date
- April 30, 2020
- Fund family
- Innovator ETFs
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18