PAPR vs FDMO

Comparison between Innovator U.S. Equity Power Buffer ETF - April (PAPR, ETF) and FIDELITY MOMENTUM FACTOR ETF (FDMO, ETF).

5-Year PerformanceFDMO has outperformed PAPR, delivering a return of +15.0% compared to +8.2%

PAPR vs FDMO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PAPR(ETF)	FDMO(ETF)
Net Assets	$954M	$957M
Expense Ratio	0.79%	0.15%
Max Drawdown	15.85%	34.17%
Sharpe Ratio	2.49	1.05
5Y Beta	0.46	1.19
P/E Ratio	N/A	32.66
Forward P/E	N/A	20.70
PEG Ratio	N/A	0.31
5Y Dividends CAGR	N/A	12.96%
5Y EPS CAGR	N/A	27.68%
Debt to Equity	N/A	31.67%
P/S Ratio	N/A	4.42
P/B Ratio	N/A	6.03

Net Assets

PAPR

$954M

Winner

FDMO

$957M

Expense Ratio

PAPR

0.79%

Winner

FDMO

0.15%

Max Drawdown

Winner

PAPR

15.85%

FDMO

34.17%

Sharpe Ratio

Winner

PAPR

2.49

FDMO

1.05

5Y Beta

Winner

PAPR

0.46

FDMO

1.19

P/E Ratio

PAPR

N/A

FDMO

32.66

Forward P/E

PAPR

N/A

FDMO

20.70

PEG Ratio

PAPR

N/A

FDMO

0.31

5Y Dividends CAGR

PAPR

N/A

FDMO

12.96%

5Y EPS CAGR

PAPR

N/A

FDMO

27.68%

Debt to Equity

PAPR

N/A

FDMO

31.67%

P/S Ratio

PAPR

N/A

FDMO

4.42

P/B Ratio

PAPR

N/A

FDMO

6.03

PAPR vs FDMO - Historical Returns

Returns include dividend reinvestment.

Period	PAPR	FDMO
1 month	+0.81%	-3.60%
3 months	+2.83%	+8.14%
6 months	+8.04%	+10.75%
1 year	+12.90%	+24.03%
5 years(CAGR)	+8.24%	+15.01%
10 years(CAGR)	N/A	+15.57%
Max(CAGR)	+7.82%	+15.57%

Winner

PAPR

+0.81%

FDMO

-3.60%

PAPR

+2.83%

Winner

FDMO

+8.14%

PAPR

+8.04%

Winner

FDMO

+10.75%

PAPR

+12.90%

Winner

FDMO

+24.03%

5Y(CAGR)

PAPR

+8.24%

Winner

FDMO

+15.01%

10Y(CAGR)

PAPR

N/A

FDMO

+15.57%

Max(CAGR)

PAPR

+7.82%

Winner

FDMO

+15.57%

PAPR vs FDMO - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	PAPR	FDMO
2026	+8.40%	+12.81%
2025	+6.74%	+21.00%
2024	+12.62%	+34.43%
2023	+16.49%	+25.71%
2022	-4.42%	-19.61%
2021	+7.55%	+23.81%
2020	+4.32%	+20.80%
2019	+6.47%	+25.42%
2018	N/A	-4.72%
2017	N/A	+23.58%
2016	N/A	+1.88%

PAPR vs FDMO Drawdown Comparison

The maximum drawdown for PAPR was -15.31%, occurring on Mar 23, 2020. Recovery took 117 trading sessions.

The maximum drawdown for FDMO was -33.93%, occurring on Mar 23, 2020. Recovery took 115 trading sessions.

The current PAPR drawdown is -0.06%. The current FDMO drawdown is -3.61%.

Rank	PAPR	FDMO
#1	-15.31% Feb 19, 2020 - Aug 5, 2020	-33.93% Feb 19, 2020 - Aug 3, 2020
#2	-11.87% Feb 19, 2025 - Jul 28, 2025	-25.44% Nov 8, 2021 - Dec 27, 2023
#3	-10.95% Apr 4, 2022 - May 17, 2023	-21.88% Feb 18, 2025 - Jun 24, 2025
#4	-4.68% Jul 16, 2024 - Aug 19, 2024	-21.72% Oct 1, 2018 - Jun 10, 2019
#5	-4.55% Jul 28, 2023 - Nov 14, 2023	-12.22% Jan 28, 2026 - Apr 17, 2026
#6	-3.52% Apr 29, 2019 - Jun 19, 2019	-12.15% Feb 12, 2021 - Apr 26, 2021
#7	-2.92% Jul 26, 2019 - Sep 12, 2019	-10.43% Jan 26, 2018 - Jun 4, 2018
#8	-2.89% Mar 28, 2024 - May 10, 2024	-10.22% Jul 16, 2024 - Sep 19, 2024
#9	-2.54% Jan 3, 2022 - Mar 18, 2022	-9.90% Sep 2, 2020 - Oct 12, 2020
#10	-2.43% Aug 30, 2024 - Sep 19, 2024	-8.92% Oct 13, 2020 - Nov 30, 2020
#11	-1.92% Oct 12, 2020 - Nov 6, 2020	-7.65% Apr 27, 2021 - Jun 25, 2021
#12	-1.87% May 7, 2021 - May 28, 2021	-7.34% Oct 29, 2025 - Jan 5, 2026
#13	-1.76% Sep 12, 2019 - Oct 15, 2019	-6.89% Mar 21, 2024 - May 9, 2024
#14	-1.70% Dec 6, 2024 - Jan 17, 2025	-6.70% Jul 15, 2019 - Dec 20, 2019
#15	-1.51% Aug 28, 2020 - Oct 8, 2020	-6.02% Jun 30, 2026 - Jul 20, 2026

Correlation

Correlation between PAPR and FDMO is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2016 - 2026)

PAPR vs FDMO dividend yield comparison.

Year	PAPR	FDMO
2026	0.00%	0.29%
2025	0.00%	0.61%
2024	0.00%	0.90%
2023	0.00%	0.87%
2022	0.00%	1.19%
2021	0.00%	0.60%
2020	0.00%	0.77%
2019	3.07%	1.23%
2018	0.00%	1.22%
2017	0.00%	1.09%
2016	0.00%	0.45%