KNOV vs TMLP

Comparison between Innovator U.S. Small Cap Power Buffer ETF November (KNOV, ETF) and Tortoise MLP ETF (TMLP, ETF).

KNOV vs TMLP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KNOV(ETF)	TMLP(ETF)
Net Assets	$45M	$45M
Expense Ratio	0.79%	0.50%
Max Drawdown	15.03%	8.76%
Sharpe Ratio	1.66	2.16
5Y Beta	0.61	-0.26

Net Assets

Winner

KNOV

$45M

TMLP

$45M

Expense Ratio

KNOV

0.79%

Winner

TMLP

0.50%

Max Drawdown

KNOV

15.03%

Winner

TMLP

8.76%

Sharpe Ratio

KNOV

1.66

Winner

TMLP

2.16

5Y Beta

KNOV

0.61

Winner

TMLP

-0.26

KNOV vs TMLP - Historical Returns

Returns include dividend reinvestment.

Period	KNOV	TMLP
1 month	+1.85%	+2.68%
3 months	+4.42%	+2.53%
6 months	+9.31%	+10.23%
1 year	+20.82%	N/A
Max(CAGR)	+14.76%	+38.63%

KNOV

+1.85%

Winner

TMLP

+2.68%

Winner

KNOV

+4.42%

TMLP

+2.53%

KNOV

+9.31%

Winner

TMLP

+10.23%

KNOV

+20.82%

TMLP

N/A

Max(CAGR)

KNOV

+14.76%

Winner

TMLP

+38.63%

KNOV vs TMLP - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	KNOV	TMLP
2026	+12.68%	+23.56%
2025	+11.85%	+0.05%
2024	+1.18%	N/A

KNOV vs TMLP Drawdown Comparison

The maximum drawdown for KNOV was -15.03%, occurring on Apr 8, 2025. Recovery took 173 trading sessions.

The maximum drawdown for TMLP was -8.55%, occurring on Jun 24, 2026. Recovery took 50 trading sessions.

The current KNOV drawdown is -0.31%. The current TMLP drawdown is -0.71%.

Rank	KNOV	TMLP
#1	-15.03% Dec 2, 2024 - Aug 13, 2025	-8.55% May 19, 2026 - Jul 31, 2026
#2	-5.36% Jan 22, 2026 - Apr 13, 2026	-6.20% Mar 26, 2026 - Apr 30, 2026
#3	-5.00% Oct 27, 2025 - Dec 4, 2025	-2.45% May 4, 2026 - May 12, 2026
#4	-2.89% Oct 8, 2025 - Oct 14, 2025	-2.00% Mar 2, 2026 - Mar 19, 2026
#5	-2.24% Nov 11, 2024 - Nov 25, 2024	-1.77% Jul 31, 2026 - Aug 10, 2026
#6	-2.01% Oct 15, 2025 - Oct 24, 2025	-1.68% Jan 2, 2026 - Jan 12, 2026
#7	-1.92% Dec 11, 2025 - Jan 6, 2026	-1.30% Jan 29, 2026 - Feb 3, 2026
#8	-1.76% May 6, 2026 - May 22, 2026	-0.76% Aug 12, 2026 - Aug 14, 2026
#9	-1.66% Sep 18, 2025 - Oct 3, 2025	-0.71% Aug 18, 2026 - Aug 24, 2026
#10	-1.64% Aug 13, 2025 - Aug 22, 2025	-0.63% Apr 30, 2026 - May 4, 2026
#11	-1.36% May 28, 2026 - Jun 12, 2026	-0.58% Jan 16, 2026 - Jan 22, 2026
#12	-0.80% Aug 28, 2025 - Sep 4, 2025	-0.57% Feb 23, 2026 - Feb 27, 2026
#13	-0.79% Oct 6, 2025 - Oct 8, 2025	-0.52% Mar 24, 2026 - Mar 26, 2026
#14	-0.75% Apr 27, 2026 - Apr 30, 2026	-0.35% Jan 14, 2026 - Jan 16, 2026
#15	-0.73% Jan 16, 2026 - Jan 21, 2026	-0.30% Mar 19, 2026 - Mar 23, 2026