UNOV vs ITWO

Comparison between Innovator U.S. Equity Ultra Buffer ETF - November (UNOV, ETF) and ProShares Russell 2000 High Income ETF (ITWO, ETF).

UNOV vs ITWO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UNOV(ETF)	ITWO(ETF)
Net Assets	$179M	$179M
Expense Ratio	0.79%	0.55%
Max Drawdown	13.84%	29.46%
Sharpe Ratio	1.51	1.53
5Y Beta	0.39	1.00
P/E Ratio	N/A	-21963.97
Forward P/E	N/A	14.70
5Y EPS CAGR	N/A	13.47%
Debt to Equity	N/A	38.04%
P/S Ratio	N/A	1.29
P/B Ratio	N/A	2.08

Net Assets

Winner

UNOV

$179M

ITWO

$179M

Expense Ratio

UNOV

0.79%

Winner

ITWO

0.55%

Max Drawdown

Winner

UNOV

13.84%

ITWO

29.46%

Sharpe Ratio

UNOV

1.51

Winner

ITWO

1.53

5Y Beta

Winner

UNOV

0.39

ITWO

1.00

P/E Ratio

UNOV

N/A

ITWO

-21963.97

Forward P/E

UNOV

N/A

ITWO

14.70

5Y EPS CAGR

UNOV

N/A

ITWO

13.47%

Debt to Equity

UNOV

N/A

ITWO

38.04%

P/S Ratio

UNOV

N/A

ITWO

1.29

P/B Ratio

UNOV

N/A

ITWO

2.08

UNOV vs ITWO - Historical Returns

Returns include dividend reinvestment.

Period	UNOV	ITWO
1 month	+0.91%	+0.00%
3 months	+4.35%	+10.53%
6 months	+4.55%	+13.36%
1 year	+13.07%	+36.22%
5 years(CAGR)	+6.49%	N/A
Max(CAGR)	+6.88%	+19.30%

Winner

UNOV

+0.91%

ITWO

+0.00%

UNOV

+4.35%

Winner

ITWO

+10.53%

UNOV

+4.55%

Winner

ITWO

+13.36%

UNOV

+13.07%

Winner

ITWO

+36.22%

5Y(CAGR)

UNOV

+6.49%

ITWO

N/A

Max(CAGR)

UNOV

+6.88%

Winner

ITWO

+19.30%

UNOV vs ITWO - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	UNOV	ITWO
2026	+4.33%	+13.74%
2025	+9.95%	+14.22%
2024	+9.63%	+3.68%
2023	+14.32%	N/A
2022	-6.32%	N/A
2021	+4.90%	N/A
2020	+8.02%	N/A
2019	+1.87%	N/A

UNOV vs ITWO Drawdown Comparison

The maximum drawdown for UNOV was -13.84%, occurring on Mar 20, 2020. Recovery took 107 trading sessions.

The maximum drawdown for ITWO was -24.74%, occurring on Apr 8, 2025. Recovery took 197 trading sessions.

The current UNOV drawdown is -1.07%. The current ITWO drawdown is -3.62%.

Rank	UNOV	ITWO
#1	-13.84% Feb 19, 2020 - Jul 22, 2020	-24.74% Nov 25, 2024 - Sep 11, 2025
#2	-9.10% Feb 19, 2025 - Jun 10, 2025	-9.81% Jan 22, 2026 - Apr 14, 2026
#3	-8.57% Dec 29, 2021 - May 26, 2023	-8.21% Oct 27, 2025 - Dec 3, 2025
#4	-7.35% Sep 14, 2023 - Dec 13, 2023	-5.00% Nov 11, 2024 - Nov 25, 2024
#5	-4.52% Jan 28, 2026 - Apr 14, 2026	-4.62% May 6, 2026 - May 26, 2026
#6	-2.14% Nov 3, 2025 - Dec 2, 2025	-3.94% Dec 11, 2025 - Jan 8, 2026
#7	-1.99% Aug 28, 2020 - Oct 5, 2020	-3.84% Oct 8, 2025 - Oct 14, 2025
#8	-1.96% Jul 31, 2023 - Aug 30, 2023	-3.72% Oct 16, 2024 - Nov 6, 2024
#9	-1.71% Nov 16, 2021 - Dec 27, 2021	-3.62% Jun 4, 2026 - Jun 5, 2026
#10	-1.59% Jul 31, 2024 - Aug 13, 2024	-3.01% Sep 19, 2024 - Oct 14, 2024
#11	-1.51% Dec 6, 2024 - Jan 21, 2025	-2.73% Oct 15, 2025 - Oct 27, 2025
#12	-1.37% Jan 20, 2021 - Mar 11, 2021	-2.13% Sep 19, 2025 - Oct 3, 2025
#13	-1.22% Dec 11, 2025 - Dec 23, 2025	-1.81% Apr 27, 2026 - May 1, 2026
#14	-1.19% Jan 12, 2026 - Jan 27, 2026	-1.62% Sep 5, 2024 - Sep 12, 2024
#15	-1.10% Apr 1, 2024 - May 3, 2024	-1.47% Jan 15, 2026 - Jan 21, 2026