Compare · 3 funds side by side · dividends reinvested

USEP, FMAY and BALT

USEPInnovator×FMAYFirst Trust×BALTInnovator×

Story of the three · Growth5Y$10,000 five years agoDividends reinvested · all three on one scale$15,109FMAY · best of the three

02 / 04

USEP, FMAY and BALT, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

FT Vest U.S. Equity Buffer ETF - MayDefined Outcome · Buffer0.85%0.00%+6.5%+8.7%+13.8%+8.6%−4.2%8.1%$1.5B1.8

Innovator U.S. Equity Ultra Buffer ETFDefined Outcome · Buffer0.79%0.00%+6.2%+7.8%+12.5%+8.0%−4.0%6.1%$241M1.9

Innovator Defined Wealth Shield ETFDefined Outcome · Hedged equity0.69%0.00%+4.4%+6.2%+7.7%+6.2%−1.2%2.7%$3.3B2.0

Rank among the three1st → 3rdFee, drop and volatility: lower ranks higherAvg rank: mean of the 8 ranks · 1 is best

End-of-day Nov 9, 2026 · returns include dividends · since: USEP 2019 · FMAY 2020 · BALT 2021

Head to Head

Swap sides Versus in desk

Head to Head

Innovator U.S. Equity Ultra Buffer ETF · $241M$14,680

USEP

FMAY

FT Vest U.S. Equity Buffer ETF - May · $1.5B$15,109

$10,000 five years ago, dividends reinvested

USEPMeasureFMAY

+6.2%Year to dateJan 1 → Nov 9+6.5%

+7.8%1 yearTotal return+8.7%

+12.5%3 years · per year$10,000 became $14,230 · $14,756+13.8%

+8.0%5 years · per year$10,000 became $14,680 · $15,109+8.6%

0.79%Expense ratio$79 · $85 a year on $10k · lower is better0.85%

0.00%Trailing 12-mo yield$0 · $0 a year on $10k0.00%

−4.0%Worst dropSmaller is better−4.2%

6.1%VolatilityLower is calmer8.1%

USEPFMAY Winner of the row, in its colourEach row: the bigger of the two fills its side

3–4FMAY wins

End-of-day Nov 9, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

More Ways to See the Pairs

USEP vs FMAY: Top 5 Holdings

Today

USEP

96.2%in top 5

FMAY

in top 5[…]

USEPStockFMAY

96.2%VOOnot top 5

Held in common[…]

End-of-day Nov 9, 2026 · share of each fund

USEP vs FMAY Returns, Every Period

InnovatorUSEP

+8.0%

5 years, per year

FMAYFirst Trust

+8.6%

5 years, per year

USEPFMAYFaded: behind in that period

0–4FMAY wins

End-of-day Nov 9, 2026 · dividends in · faded = behind in that period

USEP vs FMAY

YTD

InnovatorUSEP

+6.2%

FMAYFirst Trust

+6.5%

+6.2%Year to date+6.5%

−4.0%Worst drop · 1Y−4.2%

6.1%Volatility · 1Y8.1%

0.0%Yield0.0%

$241MAssets$1.5B

2–1USEP wins

End-of-day Nov 9, 2026 · smaller drop and lower volatility win

Cost, Income and Risk

Fees: USEP, FMAY, BALT

Today

0.69%lowest, BALT

FundExpense ratioFee$10k

BALT0.69%$69

USEP0.79%$79

FMAY0.85%$85

End-of-day Nov 9, 2026 · fee on $10,000 a year

Yields: USEP, FMAY, BALT

0.00%highest, USEP

FundTrailing yieldYield$10k

USEP0.00%$0

FMAY0.00%$0

BALT0.00%$0

End-of-day Nov 9, 2026 · trailing 12-month yield

Income After Fees on $10,000

−$69most kept, BALT

BALT$0 − $69 = −$69

USEP$0 − $79 = −$79

FMAY$0 − $85 = −$85

KeptFee

End-of-day Nov 9, 2026 · yield in dollars minus the fee

Overlap: USEP, FMAY, BALT

Today

[…]holdings […]

USEPFMAYBALT

USEP—[…][…]

FMAY[…]—[…]

BALT[…][…]—

End-of-day Nov 9, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 3 ETFs

+8.7%FMAY, at 8.1% volatility

BALTWorst drop−1.2%2.7% vol

USEPWorst drop−4.0%6.1% vol

FMAYWorst drop−4.2%8.1% vol

End-of-day Nov 9, 2026 · up and left is better

Paid More vs Made More

YTD

USEPFMAY

+6.2%Year to date+6.5%

0.0%Yield0.0%

+7.8%Past year+8.7%

0.79%Fee0.85%

2–1FMAY wins

End-of-day Nov 9, 2026

Popular Pairs Near These Three

SCHD vs VIG

YTD

SchwabSCHD

+33.2%

VIGVanguard

+14.8%

+33.2%Year to date+14.8%

3.0%Yield1.5%

$122BAssets$109B

2–0SCHD wins

End-of-day Nov 9, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+6.6%

JEPIJ.P. Morgan

+7.5%

+6.6%Year to date+7.5%

12.4%Yield7.9%

$40.7BAssets$45.2B

1–1level

End-of-day Nov 9, 2026

SPYM vs SPY

YTD

SPDRSPYM

+11.3%

SPYSPDR

+11.2%

+11.3%Year to date+11.2%

1.0%Yield1.0%

$179BAssets$778B

1–0SPYM wins

End-of-day Nov 9, 2026