PMAY vs MMU

Comparison between Innovator U.S. Equity Power Buffer ETF - May (PMAY, ETF) and Western Asset Managed Municipals Fund Inc (MMU, ETF).

5-Year PerformancePMAY has outperformed MMU, delivering a return of +7.0% compared to -0.6%

PMAY vs MMU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMAY(ETF)	MMU(ETF)
Net Assets	$596M	$598M
Expense Ratio	0.79%	N/A
Max Drawdown	13.05%	46.70%
Sharpe Ratio	1.54	0.77
5Y Beta	0.46	0.18
5Y Dividends CAGR	N/A	5.88%

Net Assets

PMAY

$596M

Winner

MMU

$598M

Expense Ratio

PMAY

0.79%

MMU

N/A

Max Drawdown

Winner

PMAY

13.05%

MMU

46.70%

Sharpe Ratio

Winner

PMAY

1.54

MMU

0.77

5Y Beta

PMAY

0.46

Winner

MMU

0.18

5Y Dividends CAGR

PMAY

N/A

MMU

5.88%

PMAY vs MMU - Historical Returns

Returns include dividend reinvestment.

Period	PMAY	MMU
1 month	+0.79%	+0.15%
3 months	+2.63%	-1.96%
6 months	+4.01%	-0.42%
1 year	+10.56%	+10.31%
5 years(CAGR)	+6.99%	-0.57%
10 years(CAGR)	N/A	+1.22%
Max(CAGR)	+8.20%	+5.83%

Winner

PMAY

+0.79%

MMU

+0.15%

Winner

PMAY

+2.63%

MMU

-1.96%

Winner

PMAY

+4.01%

MMU

-0.42%

Winner

PMAY

+10.56%

MMU

+10.31%

5Y(CAGR)

Winner

PMAY

+6.99%

MMU

-0.57%

10Y(CAGR)

PMAY

N/A

MMU

+1.22%

Max(CAGR)

Winner

PMAY

+8.20%

MMU

+5.83%

PMAY vs MMU - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PMAY	MMU
2026	+3.34%	-0.46%
2025	+10.30%	+6.96%
2024	+14.39%	+5.34%
2023	+12.37%	+4.91%
2022	-8.38%	-19.58%
2021	+7.91%	+6.24%
2020	+11.97%	+0.29%
2019	N/A	+5.60%
2018	N/A	-4.82%
2017	N/A	+8.30%
2016	N/A	+1.72%
2015	N/A	+10.34%
2014	N/A	+18.47%
2013	N/A	-11.35%
2012	N/A	+14.07%
2011	N/A	+20.27%
2010	N/A	+3.61%
2009	N/A	+37.35%
2008	N/A	-9.63%
2007	N/A	+3.15%
2006	N/A	+10.06%
2005	N/A	+3.14%
2004	N/A	+0.27%
2003	N/A	+14.43%
2002	N/A	+8.40%
2001	N/A	+7.38%
2000	N/A	+16.78%
1999	N/A	-6.08%

PMAY vs MMU Drawdown Comparison

The maximum drawdown for PMAY was -13.05%, occurring on Sep 30, 2022. Recovery took 421 trading sessions.

The maximum drawdown for MMU was -34.50%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The current PMAY drawdown is -1.24%. The current MMU drawdown is -7.32%.

Rank	PMAY	MMU
#1	-13.05% Mar 29, 2022 - Dec 1, 2023	-34.50% Aug 8, 2019 - Mar 18, 2020
#2	-9.43% Feb 19, 2025 - May 12, 2025	-32.11% May 28, 2008 - Apr 21, 2009
#3	-4.40% Jan 12, 2022 - Mar 28, 2022	-26.42% Nov 26, 2012 - Mar 4, 2015
#4	-3.80% Jul 16, 2024 - Aug 16, 2024	-16.43% Dec 20, 2017 - Feb 26, 2019
#5	-3.70% Jun 8, 2020 - Jul 17, 2020	-14.63% Aug 23, 2016 - Dec 20, 2017
#6	-2.68% Oct 13, 2020 - Nov 6, 2020	-13.52% Sep 10, 2010 - Sep 7, 2011
#7	-2.20% May 7, 2021 - May 27, 2021	-12.27% Mar 8, 2004 - Nov 26, 2004
#8	-2.18% Aug 28, 2020 - Oct 9, 2020	-9.50% Feb 9, 2012 - May 3, 2012
#9	-2.03% May 11, 2020 - May 18, 2020	-8.49% Nov 16, 1999 - Jun 22, 2000
#10	-1.86% Sep 3, 2021 - Oct 19, 2021	-7.74% Oct 6, 2009 - Jan 14, 2010
#11	-1.78% Aug 30, 2024 - Sep 13, 2024	-7.60% Apr 24, 2015 - Jul 29, 2015
#12	-1.65% Jul 9, 2021 - Aug 3, 2021	-7.25% Sep 7, 2001 - Nov 7, 2001
#13	-1.60% Nov 5, 2021 - Dec 23, 2021	-7.17% Jul 27, 2012 - Sep 21, 2012
#14	-1.58% Feb 25, 2026 - Apr 6, 2026	-7.06% May 14, 2007 - Jan 3, 2008
#15	-1.24% Jun 2, 2026 - Jun 5, 2026	-6.87% Oct 2, 2002 - May 14, 2003