BMAY vs IONX

Comparison between Innovator U.S. Equity Buffer ETF - May (BMAY, ETF) and DEFIANCE DAILY TARGET 2X LONG IONQ ETF (IONX, ETF).

BMAY vs IONX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BMAY(ETF)	IONX(ETF)
Net Assets	$230M	$229M
Expense Ratio	0.79%	N/A
Max Drawdown	17.66%	93.90%
Sharpe Ratio	1.27	-0.02
5Y Beta	0.60	5.32

Net Assets

Winner

BMAY

$230M

IONX

$229M

Expense Ratio

BMAY

0.79%

IONX

N/A

Max Drawdown

Winner

BMAY

17.66%

IONX

93.90%

Sharpe Ratio

Winner

BMAY

1.27

IONX

-0.02

5Y Beta

Winner

BMAY

0.60

IONX

5.32

BMAY vs IONX - Historical Returns

Returns include dividend reinvestment.

Period	BMAY	IONX
1 month	+0.60%	-65.74%
3 months	+3.26%	-56.47%
6 months	+5.68%	-70.69%
1 year	+11.69%	-79.47%
5 years(CAGR)	+8.69%	N/A
Max(CAGR)	+10.76%	-35.63%

Winner

BMAY

+0.60%

IONX

-65.74%

Winner

BMAY

+3.26%

IONX

-56.47%

Winner

BMAY

+5.68%

IONX

-70.69%

Winner

BMAY

+11.69%

IONX

-79.47%

5Y(CAGR)

BMAY

+8.69%

IONX

N/A

Max(CAGR)

Winner

BMAY

+10.76%

IONX

-35.63%

BMAY vs IONX - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	BMAY	IONX
2026	+6.07%	-69.51%
2025	+11.18%	+67.10%
2024	+19.63%	N/A
2023	+17.04%	N/A
2022	-12.80%	N/A
2021	+12.40%	N/A
2020	+17.82%	N/A

BMAY vs IONX Drawdown Comparison

The maximum drawdown for BMAY was -17.66%, occurring on Oct 14, 2022. Recovery took 488 trading sessions.

The maximum drawdown for IONX was -93.75%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The current BMAY drawdown is -0.36%. The current IONX drawdown is -92.50%.

Rank	BMAY	IONX
#1	-17.66% Jan 4, 2022 - Dec 13, 2023	-93.75% Oct 13, 2025 - Mar 30, 2026
#2	-12.75% Feb 19, 2025 - Jun 6, 2025	-50.31% May 27, 2025 - Sep 12, 2025
#3	-5.16% Jul 16, 2024 - Aug 19, 2024	-39.73% Mar 24, 2025 - Apr 24, 2025
#4	-4.87% Jun 8, 2020 - Jul 17, 2020	-33.90% Sep 23, 2025 - Oct 6, 2025
#5	-3.70% Oct 12, 2020 - Nov 5, 2020	-29.94% Mar 14, 2025 - Mar 24, 2025
#6	-3.51% Aug 28, 2020 - Oct 9, 2020	-21.88% Oct 7, 2025 - Oct 13, 2025
#7	-3.01% Sep 3, 2021 - Oct 19, 2021	-11.53% May 2, 2025 - May 8, 2025
#8	-2.95% Feb 26, 2026 - Apr 8, 2026	-11.05% Apr 25, 2025 - May 2, 2025
#9	-2.78% May 11, 2020 - May 18, 2020	-10.24% May 20, 2025 - May 22, 2025
#10	-2.77% May 7, 2021 - May 28, 2021	-4.67% May 14, 2025 - May 16, 2025
#11	-2.71% Jun 4, 2026 - Jul 10, 2026	-4.44% May 8, 2025 - May 12, 2025
#12	-2.55% Aug 30, 2024 - Sep 19, 2024	-3.69% Mar 12, 2025 - Mar 14, 2025
#13	-2.38% Jul 12, 2021 - Jul 26, 2021	-0.83% May 22, 2025 - May 27, 2025
#14	-2.30% Nov 16, 2021 - Dec 10, 2021	N/A
#15	-1.65% Oct 27, 2025 - Nov 26, 2025	N/A