PNOV vs FMHI

Comparison between Innovator U.S. Equity Power Buffer ETF - November (PNOV, ETF) and FIRST TRUST MUNICIPAL HIGH INCOME ETF (FMHI, ETF).

5-Year PerformancePNOV has outperformed FMHI, delivering a return of +7.8% compared to +0.9%

PNOV vs FMHI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PNOV(ETF)	FMHI(ETF)
Net Assets	$950M	$950M
Expense Ratio	0.79%	0.49%
Max Drawdown	18.51%	22.72%
Sharpe Ratio	1.48	1.45
5Y Beta	0.46	0.01
5Y Dividends CAGR	N/A	4.06%

Net Assets

PNOV

$950M

Winner

FMHI

$950M

Expense Ratio

PNOV

0.79%

Winner

FMHI

0.49%

Max Drawdown

Winner

PNOV

18.51%

FMHI

22.72%

Sharpe Ratio

Winner

PNOV

1.48

FMHI

1.45

5Y Beta

PNOV

0.46

Winner

FMHI

0.01

5Y Dividends CAGR

PNOV

N/A

FMHI

4.06%

PNOV vs FMHI - Historical Returns

Returns include dividend reinvestment.

Period	PNOV	FMHI
1 month	+1.02%	+0.91%
3 months	+4.87%	+1.19%
6 months	+5.23%	+3.19%
1 year	+13.73%	+8.43%
5 years(CAGR)	+7.82%	+0.89%
10 years(CAGR)	N/A	+3.20%
Max(CAGR)	+8.50%	+3.20%

Winner

PNOV

+1.02%

FMHI

+0.91%

Winner

PNOV

+4.87%

FMHI

+1.19%

Winner

PNOV

+5.23%

FMHI

+3.19%

Winner

PNOV

+13.73%

FMHI

+8.43%

5Y(CAGR)

Winner

PNOV

+7.82%

FMHI

+0.89%

10Y(CAGR)

PNOV

N/A

FMHI

+3.20%

Max(CAGR)

Winner

PNOV

+8.50%

FMHI

+3.20%

PNOV vs FMHI - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	PNOV	FMHI
2026	+4.87%	+2.48%
2025	+10.47%	+3.38%
2024	+10.23%	+5.52%
2023	+14.34%	+7.03%
2022	-2.61%	-14.59%
2021	+7.75%	+7.78%
2020	+9.99%	+3.92%
2019	+2.27%	+10.38%
2018	N/A	+2.32%
2017	N/A	+1.08%

PNOV vs FMHI Drawdown Comparison

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

The maximum drawdown for FMHI was -18.83%, occurring on Oct 27, 2022. Recovery took 1008 trading sessions.

The current PNOV drawdown is -1.17%. The current FMHI drawdown is -0.08%.

Rank	PNOV	FMHI
#1	-18.51% Feb 19, 2020 - Jul 31, 2020	-18.83% Dec 30, 2021 - Jan 7, 2026
#2	-10.63% Dec 29, 2021 - Nov 30, 2022	-16.66% Mar 6, 2020 - Dec 17, 2020
#3	-10.35% Feb 19, 2025 - Jun 6, 2025	-2.35% Feb 26, 2026 - May 28, 2026
#4	-8.55% Sep 14, 2023 - Jan 19, 2024	-1.96% Jul 19, 2021 - Dec 30, 2021
#5	-4.85% Feb 2, 2026 - Apr 14, 2026	-1.92% Feb 12, 2021 - Apr 8, 2021
#6	-4.72% Feb 2, 2023 - Apr 13, 2023	-1.83% Aug 31, 2018 - Dec 26, 2018
#7	-3.79% Dec 1, 2022 - Jan 23, 2023	-1.76% Feb 22, 2018 - May 7, 2018
#8	-2.95% Jul 31, 2023 - Sep 14, 2023	-1.73% Jan 3, 2018 - Feb 22, 2018
#9	-2.37% Nov 12, 2025 - Nov 28, 2025	-1.40% Aug 30, 2019 - Oct 8, 2019
#10	-2.17% Nov 16, 2021 - Dec 23, 2021	-1.02% Dec 7, 2017 - Jan 3, 2018
#11	-1.95% May 1, 2023 - May 18, 2023	-0.80% Oct 8, 2019 - Nov 26, 2019
#12	-1.88% Jan 21, 2021 - Feb 4, 2021	-0.62% Apr 11, 2019 - Apr 18, 2019
#13	-1.84% Jul 31, 2024 - Aug 13, 2024	-0.59% Jul 31, 2018 - Aug 13, 2018
#14	-1.78% Sep 2, 2020 - Oct 7, 2020	-0.52% May 7, 2018 - May 25, 2018
#15	-1.78% Dec 11, 2024 - Jan 21, 2025	-0.49% Aug 23, 2018 - Aug 31, 2018