PNOV vs EEMA

Comparison between Innovator U.S. Equity Power Buffer ETF - November (PNOV, ETF) and ISHARES MSCI EMERGING MARKETS ASIA ETF (EEMA, ETF).

5-Year PerformancePNOV has outperformed EEMA, delivering a return of +8.1% compared to +6.8%

PNOV vs EEMA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PNOV(ETF)	EEMA(ETF)
Net Assets	$905M	$905M
Expense Ratio	0.79%	0.49%
Max Drawdown	18.51%	45.62%
Sharpe Ratio	1.20	1.26
5Y Beta	0.46	0.91
5Y Dividends CAGR	N/A	8.82%

Net Assets

Winner

PNOV

$905M

EEMA

$905M

Expense Ratio

PNOV

0.79%

Winner

EEMA

0.49%

Max Drawdown

Winner

PNOV

18.51%

EEMA

45.62%

Sharpe Ratio

PNOV

1.20

Winner

EEMA

1.26

5Y Beta

Winner

PNOV

0.46

EEMA

0.91

5Y Dividends CAGR

PNOV

N/A

EEMA

8.82%

PNOV vs EEMA - Historical Returns

Returns include dividend reinvestment.

Period	PNOV	EEMA
1 month	+0.78%	-7.14%
3 months	+4.11%	+6.96%
6 months	+6.29%	+13.85%
1 year	+11.70%	+34.57%
5 years(CAGR)	+8.06%	+6.78%
10 years(CAGR)	N/A	+9.58%
Max(CAGR)	+8.58%	+7.02%

Winner

PNOV

+0.78%

EEMA

-7.14%

PNOV

+4.11%

Winner

EEMA

+6.96%

PNOV

+6.29%

Winner

EEMA

+13.85%

PNOV

+11.70%

Winner

EEMA

+34.57%

5Y(CAGR)

Winner

PNOV

+8.06%

EEMA

+6.78%

10Y(CAGR)

PNOV

N/A

EEMA

+9.58%

Max(CAGR)

Winner

PNOV

+8.58%

EEMA

+7.02%

PNOV vs EEMA - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	PNOV	EEMA
2026	+6.51%	+16.89%
2025	+10.47%	+33.75%
2024	+10.23%	+12.24%
2023	+14.34%	+5.63%
2022	-2.61%	-21.63%
2021	+7.75%	-5.01%
2020	+9.99%	+22.63%
2019	+2.27%	+19.24%
2018	N/A	-17.72%
2017	N/A	+41.77%
2016	N/A	+9.05%
2015	N/A	-10.49%
2014	N/A	+6.84%
2013	N/A	-1.28%
2012	N/A	+6.48%

PNOV vs EEMA Drawdown Comparison

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

The maximum drawdown for EEMA was -44.15%, occurring on Oct 24, 2022. Recovery took 1151 trading sessions.

The current PNOV drawdown is -0.26%. The current EEMA drawdown is -7.14%.

Rank	PNOV	EEMA
#1	-18.51% Feb 19, 2020 - Jul 31, 2020	-44.15% Feb 17, 2021 - Sep 17, 2025
#2	-10.63% Dec 29, 2021 - Nov 30, 2022	-34.67% Jan 26, 2018 - Oct 9, 2020
#3	-10.35% Feb 19, 2025 - Jun 6, 2025	-31.53% Apr 28, 2015 - May 25, 2017
#4	-8.55% Sep 14, 2023 - Jan 19, 2024	-17.40% Jan 2, 2013 - May 14, 2014
#5	-4.85% Feb 2, 2026 - Apr 14, 2026	-16.10% Feb 17, 2012 - Dec 7, 2012
#6	-4.72% Feb 2, 2023 - Apr 13, 2023	-14.30% Feb 25, 2026 - Apr 17, 2026
#7	-3.79% Dec 1, 2022 - Jan 23, 2023	-10.74% Sep 5, 2014 - Apr 6, 2015
#8	-2.95% Jul 31, 2023 - Sep 14, 2023	-9.71% Jun 22, 2026 - Jul 17, 2026
#9	-2.37% Nov 12, 2025 - Nov 28, 2025	-8.10% Jun 2, 2026 - Jun 22, 2026
#10	-2.17% Nov 16, 2021 - Dec 23, 2021	-6.35% Oct 29, 2025 - Jan 2, 2026
#11	-1.95% May 1, 2023 - May 18, 2023	-6.08% Nov 22, 2017 - Jan 2, 2018
#12	-1.88% Jan 21, 2021 - Feb 4, 2021	-5.50% May 11, 2026 - May 26, 2026
#13	-1.84% Jul 31, 2024 - Aug 13, 2024	-5.49% Jan 25, 2021 - Feb 9, 2021
#14	-1.79% Jun 2, 2026 - Jul 6, 2026	-5.25% Oct 6, 2025 - Oct 20, 2025
#15	-1.78% Sep 2, 2020 - Oct 7, 2020	-3.57% Sep 18, 2017 - Oct 5, 2017