MMIT vs PJAN

Comparison between NYLI MACKAY MUNI INTERMEDIATE ETF (MMIT, ETF) and Innovator U.S. Equity Power Buffer ETF - January (PJAN, ETF).

5-Year PerformancePJAN has outperformed MMIT, delivering a return of +8.7% compared to +1.2%

MMIT vs PJAN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMIT(ETF)	PJAN(ETF)
Net Assets	$1.50B	$1.50B
Expense Ratio	0.30%	0.79%
Max Drawdown	14.47%	21.25%
Sharpe Ratio	0.92	1.65
5Y Beta	0.02	0.46
5Y Dividends CAGR	10.03%	N/A

Net Assets

MMIT

$1.50B

PJAN

$1.50B

Expense Ratio

Winner

MMIT

0.30%

PJAN

0.79%

Max Drawdown

Winner

MMIT

14.47%

PJAN

21.25%

Sharpe Ratio

MMIT

0.92

Winner

PJAN

1.65

5Y Beta

Winner

MMIT

0.02

PJAN

0.46

5Y Dividends CAGR

MMIT

10.03%

PJAN

N/A

MMIT vs PJAN - Historical Returns

Returns include dividend reinvestment.

Period	MMIT	PJAN
1 month	+1.25%	-0.04%
3 months	+1.49%	+6.27%
6 months	+1.77%	+4.91%
1 year	+6.09%	+13.40%
5 years(CAGR)	+1.20%	+8.72%
10 years(CAGR)	+2.70%	N/A
Max(CAGR)	+2.70%	+9.31%

Winner

MMIT

+1.25%

PJAN

-0.04%

MMIT

+1.49%

Winner

PJAN

+6.27%

MMIT

+1.77%

Winner

PJAN

+4.91%

MMIT

+6.09%

Winner

PJAN

+13.40%

5Y(CAGR)

MMIT

+1.20%

Winner

PJAN

+8.72%

10Y(CAGR)

MMIT

+2.70%

PJAN

N/A

Max(CAGR)

MMIT

+2.70%

Winner

PJAN

+9.31%

MMIT vs PJAN - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	MMIT	PJAN
2026	+1.62%	+4.64%
2025	+4.81%	+11.40%
2024	+1.54%	+13.70%
2023	+5.20%	+18.18%
2022	-7.34%	-5.52%
2021	+1.47%	+9.55%
2020	+6.05%	+7.34%
2019	+7.49%	+12.34%
2018	+2.41%	N/A
2017	+0.43%	N/A

MMIT vs PJAN Drawdown Comparison

The maximum drawdown for MMIT was -12.28%, occurring on Oct 25, 2022. Recovery took 804 trading sessions.

The maximum drawdown for PJAN was -21.25%, occurring on Mar 23, 2020. Recovery took 117 trading sessions.

The current MMIT drawdown is -0.52%. The current PJAN drawdown is -0.87%.

Rank	MMIT	PJAN
#1	-12.28% Jul 19, 2021 - Sep 27, 2024	-21.25% Feb 19, 2020 - Aug 5, 2020
#2	-10.61% Mar 9, 2020 - Jul 20, 2020	-11.93% Jan 3, 2022 - Apr 13, 2023
#3	-3.65% Mar 3, 2025 - Sep 4, 2025	-10.49% Feb 19, 2025 - Jun 10, 2025
#4	-2.59% Feb 27, 2026 - Mar 26, 2026	-5.51% Sep 14, 2023 - Nov 13, 2023
#5	-2.12% Dec 6, 2024 - Feb 28, 2025	-4.63% Jan 28, 2026 - Apr 13, 2026
#6	-1.98% Feb 11, 2021 - May 26, 2021	-3.34% Jul 16, 2024 - Aug 16, 2024
#7	-1.96% Oct 1, 2024 - Dec 3, 2024	-3.25% Oct 12, 2020 - Nov 6, 2020
#8	-1.85% Feb 1, 2018 - Nov 1, 2018	-2.37% Aug 26, 2020 - Oct 8, 2020
#9	-1.68% Sep 4, 2019 - Jan 3, 2020	-2.33% Mar 28, 2024 - May 7, 2024
#10	-1.48% Aug 11, 2020 - Nov 19, 2020	-2.28% Apr 30, 2019 - Jun 18, 2019
#11	-1.21% Nov 12, 2018 - Dec 6, 2018	-2.13% Jan 20, 2021 - Feb 4, 2021
#12	-0.77% Nov 1, 2018 - Nov 12, 2018	-2.05% Jul 26, 2019 - Sep 11, 2019
#13	-0.50% Jan 4, 2019 - Feb 1, 2019	-1.69% Jul 31, 2023 - Aug 30, 2023
#14	-0.49% Nov 11, 2025 - Dec 22, 2025	-1.59% Jun 2, 2026 - Jun 15, 2026
#15	-0.45% Jun 14, 2021 - Jul 7, 2021	-1.58% May 7, 2021 - May 26, 2021