EEMA vs PNOV

Comparison between ISHARES MSCI EMERGING MARKETS ASIA ETF (EEMA, ETF) and Innovator U.S. Equity Power Buffer ETF - November (PNOV, ETF).

5-Year PerformancePNOV has outperformed EEMA, delivering a return of +7.9% compared to +6.9%

EEMA vs PNOV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EEMA(ETF)	PNOV(ETF)
Net Assets	$905M	$905M
Expense Ratio	0.49%	0.79%
Max Drawdown	45.62%	18.51%
Sharpe Ratio	1.23	1.18
5Y Beta	0.91	0.46
5Y Dividends CAGR	8.82%	N/A

Net Assets

EEMA

$905M

Winner

PNOV

$905M

Expense Ratio

Winner

EEMA

0.49%

PNOV

0.79%

Max Drawdown

EEMA

45.62%

Winner

PNOV

18.51%

Sharpe Ratio

Winner

EEMA

1.23

PNOV

1.18

5Y Beta

EEMA

0.91

Winner

PNOV

0.46

5Y Dividends CAGR

EEMA

8.82%

PNOV

N/A

EEMA vs PNOV - Historical Returns

Returns include dividend reinvestment.

Period	EEMA	PNOV
1 month	-3.03%	+0.71%
3 months	+5.61%	+2.88%
6 months	+11.90%	+5.23%
1 year	+32.08%	+10.54%
5 years(CAGR)	+6.87%	+7.88%
10 years(CAGR)	+9.46%	N/A
Max(CAGR)	+6.95%	+8.46%

EEMA

-3.03%

Winner

PNOV

+0.71%

Winner

EEMA

+5.61%

PNOV

+2.88%

Winner

EEMA

+11.90%

PNOV

+5.23%

Winner

EEMA

+32.08%

PNOV

+10.54%

5Y(CAGR)

EEMA

+6.87%

Winner

PNOV

+7.88%

10Y(CAGR)

EEMA

+9.46%

PNOV

N/A

Max(CAGR)

EEMA

+6.95%

Winner

PNOV

+8.46%

EEMA vs PNOV - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	EEMA	PNOV
2026	+15.88%	+5.76%
2025	+33.75%	+10.47%
2024	+12.24%	+10.23%
2023	+5.63%	+14.34%
2022	-21.63%	-2.61%
2021	-5.01%	+7.75%
2020	+22.63%	+9.99%
2019	+19.24%	+2.27%
2018	-17.72%	N/A
2017	+41.77%	N/A
2016	+9.05%	N/A
2015	-10.49%	N/A
2014	+6.84%	N/A
2013	-1.28%	N/A
2012	+6.48%	N/A

EEMA vs PNOV Drawdown Comparison

The maximum drawdown for EEMA was -44.15%, occurring on Oct 24, 2022. Recovery took 1151 trading sessions.

The maximum drawdown for PNOV was -18.51%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.

The current EEMA drawdown is -7.93%. The current PNOV drawdown is -0.96%.

Rank	EEMA	PNOV
#1	-44.15% Feb 17, 2021 - Sep 17, 2025	-18.51% Feb 19, 2020 - Jul 31, 2020
#2	-34.67% Jan 26, 2018 - Oct 9, 2020	-10.63% Dec 29, 2021 - Nov 30, 2022
#3	-31.53% Apr 28, 2015 - May 25, 2017	-10.35% Feb 19, 2025 - Jun 6, 2025
#4	-17.40% Jan 2, 2013 - May 14, 2014	-8.55% Sep 14, 2023 - Jan 19, 2024
#5	-16.10% Feb 17, 2012 - Dec 7, 2012	-4.85% Feb 2, 2026 - Apr 14, 2026
#6	-14.30% Feb 25, 2026 - Apr 17, 2026	-4.72% Feb 2, 2023 - Apr 13, 2023
#7	-10.74% Sep 5, 2014 - Apr 6, 2015	-3.79% Dec 1, 2022 - Jan 23, 2023
#8	-9.71% Jun 22, 2026 - Jul 17, 2026	-2.95% Jul 31, 2023 - Sep 14, 2023
#9	-8.10% Jun 2, 2026 - Jun 22, 2026	-2.37% Nov 12, 2025 - Nov 28, 2025
#10	-6.35% Oct 29, 2025 - Jan 2, 2026	-2.17% Nov 16, 2021 - Dec 23, 2021
#11	-6.08% Nov 22, 2017 - Jan 2, 2018	-1.95% May 1, 2023 - May 18, 2023
#12	-5.50% May 11, 2026 - May 26, 2026	-1.88% Jan 21, 2021 - Feb 4, 2021
#13	-5.49% Jan 25, 2021 - Feb 9, 2021	-1.84% Jul 31, 2024 - Aug 13, 2024
#14	-5.25% Oct 6, 2025 - Oct 20, 2025	-1.79% Jun 2, 2026 - Jul 6, 2026
#15	-3.57% Sep 18, 2017 - Oct 5, 2017	-1.78% Sep 2, 2020 - Oct 7, 2020