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ETFs

Innovator U.S. Equity Buffer ETF - May

BMAY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 01 2020
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$200,167
AUM
$132,031,250
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 04/30/2024 4.17 C
98.84%
n/a
SPY 04/30/2024 415.94 P
2.92%
n/a
Cash & Other
0.17%
n/a
SPY 04/30/2024 496.87 C
-0.47%
n/a
SPY 04/30/2024 378.5 P
-1.46%
Invest with BMAY

What is BMAY?

The Innovator S&P 500 Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against the first 9% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

ETFs related toBMAY

ETFs correlated to BMAY include DECZ, PBUS, SPUU

BMAY
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - May
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
BAUG
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - August
XVV
iShares Trust - iShares ESG Screened S&P 500 ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBMAY

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

#LSPB

Lever Up S&P with a Bond Hedge

Category

Paired Switching, Tactical Asset Allocation, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BMAY using Composer

FAQ

BMAY is a US Equities ETF. The Innovator S&P 500 Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against the first 9% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

BMAY tracks the S&P 500 Index.

No, BMAY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BMAY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BMAY is -0.0045%. This is the percent change in the value of BMAY over the most recent 1-month period. The 3-month return on BMAY is 0.005%. This is the percent change in the value of BMAY over the most recent 3-month period.

The standard deviation of BMAY for the past year is 0.1171%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BMAY include SSO, IVV, and UAUG.

ETFs correlated to BMAY include DECZ, PBUS, and SPUU.

ETFs that are inversely correlated to BMAY include SPXS, SPDN, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.