FMHI vs PNOV

Comparison between FIRST TRUST MUNICIPAL HIGH INCOME ETF (FMHI, ETF) and Innovator U.S. Equity Power Buffer ETF - November (PNOV, ETF).

5-Year PerformancePNOV has outperformed FMHI, delivering a return of +7.8% compared to +0.9%

FMHI vs PNOV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMHI(ETF)	PNOV(ETF)
Net Assets	$950M	$950M
Expense Ratio	0.49%	0.79%
Max Drawdown	22.72%	18.51%
Sharpe Ratio	1.45	1.48
5Y Beta	0.01	0.46
5Y Dividends CAGR	4.06%	N/A

Net Assets

Winner

FMHI

$950M

PNOV

$950M

Expense Ratio

Winner

FMHI

0.49%

PNOV

0.79%

Max Drawdown

FMHI

22.72%

Winner

PNOV

18.51%

Sharpe Ratio

FMHI

1.45

Winner

PNOV

1.48

5Y Beta

Winner

FMHI

0.01

PNOV

0.46

5Y Dividends CAGR

FMHI

4.06%

PNOV

N/A

FMHI vs PNOV - Historical Returns

Returns include dividend reinvestment.

Period	FMHI	PNOV
1 month	+0.91%	+1.02%
3 months	+1.19%	+4.87%
6 months	+3.19%	+5.23%
1 year	+8.43%	+13.73%
5 years(CAGR)	+0.89%	+7.82%
10 years(CAGR)	+3.20%	N/A
Max(CAGR)	+3.20%	+8.50%

FMHI

+0.91%

Winner

PNOV

+1.02%

FMHI

+1.19%

Winner

PNOV

+4.87%

FMHI

+3.19%

Winner

PNOV

+5.23%

FMHI

+8.43%

Winner

PNOV

+13.73%

5Y(CAGR)

FMHI

+0.89%

Winner

PNOV

+7.82%

10Y(CAGR)

FMHI

+3.20%

PNOV

N/A

Max(CAGR)

FMHI

+3.20%

Winner

PNOV

+8.50%

FMHI vs PNOV - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	FMHI	PNOV
2026	+2.48%	+4.87%
2025	+3.38%	+10.47%
2024	+5.52%	+10.23%
2023	+7.03%	+14.34%
2022	-14.59%	-2.61%
2021	+7.78%	+7.75%
2020	+3.92%	+9.99%
2019	+10.38%	+2.27%
2018	+2.32%	N/A
2017	+1.08%	N/A

FMHI vs PNOV Drawdown Comparison

The maximum drawdown for FMHI was -18.83%, occurring on Oct 27, 2022. Recovery took 1008 trading sessions.

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

The current FMHI drawdown is -0.08%. The current PNOV drawdown is -1.17%.

Rank	FMHI	PNOV
#1	-18.83% Dec 30, 2021 - Jan 7, 2026	-18.51% Feb 19, 2020 - Jul 31, 2020
#2	-16.66% Mar 6, 2020 - Dec 17, 2020	-10.63% Dec 29, 2021 - Nov 30, 2022
#3	-2.35% Feb 26, 2026 - May 28, 2026	-10.35% Feb 19, 2025 - Jun 6, 2025
#4	-1.96% Jul 19, 2021 - Dec 30, 2021	-8.55% Sep 14, 2023 - Jan 19, 2024
#5	-1.92% Feb 12, 2021 - Apr 8, 2021	-4.85% Feb 2, 2026 - Apr 14, 2026
#6	-1.83% Aug 31, 2018 - Dec 26, 2018	-4.72% Feb 2, 2023 - Apr 13, 2023
#7	-1.76% Feb 22, 2018 - May 7, 2018	-3.79% Dec 1, 2022 - Jan 23, 2023
#8	-1.73% Jan 3, 2018 - Feb 22, 2018	-2.95% Jul 31, 2023 - Sep 14, 2023
#9	-1.40% Aug 30, 2019 - Oct 8, 2019	-2.37% Nov 12, 2025 - Nov 28, 2025
#10	-1.02% Dec 7, 2017 - Jan 3, 2018	-2.17% Nov 16, 2021 - Dec 23, 2021
#11	-0.80% Oct 8, 2019 - Nov 26, 2019	-1.95% May 1, 2023 - May 18, 2023
#12	-0.62% Apr 11, 2019 - Apr 18, 2019	-1.88% Jan 21, 2021 - Feb 4, 2021
#13	-0.59% Jul 31, 2018 - Aug 13, 2018	-1.84% Jul 31, 2024 - Aug 13, 2024
#14	-0.52% May 7, 2018 - May 25, 2018	-1.78% Sep 2, 2020 - Oct 7, 2020
#15	-0.49% Aug 23, 2018 - Aug 31, 2018	-1.78% Dec 11, 2024 - Jan 21, 2025