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UMAY ETF — Innovator S&P 500 Ultra Buffer ETF - May
Innovator S&P 500 Ultra Buffer ETF - May (UMAY)
Updated October 16, 2026.
UMAY is an ETF. its expense ratio is 0.79%. Total return is 52.7% over the past 6.5 years, 142.4 points behind SPY at 195.1%.
Innovator S&P 500 Ultra Buffer ETF - May is an ETF that provides exposure to the S&P 500 through the State Street SPDR S&P 500 ETF Trust, incorporating options-based downside protection strategies. The fund does not currently distribute income to shareholders. With an expense ratio of 0.79%, it is designed for investors seeking equity market participation with a cushion against declines rather than income generation.
UMAY holdings and sector exposure
Holdings are not available for this snapshot.
UMAY performance versus SPY
Price and return data through 2026-10-16.
Total return is 52.7% over the past 6.5 years, 142.4 points behind SPY at 195.1%. Over the past year its total return — price change plus distributions reinvested — is 8.7%. Its deepest 1-year drawdown was 1.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.2% | — |
| 3M | 2.0% | — |
| 6M | 4.3% | — |
| YTD | 6.3% | — |
| 1Y | 8.7% | — |
| 2Y CAGR | — | 8.30% |
| 3Y CAGR | — | 11.60% |
| 5Y CAGR | — | 6.50% |
| Since inception (6.5 years) | 52.7% | 6.80% |
UMAY key facts
- Issuer
- Innovator ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 04/30/2020
- Expense ratio
- 0.79%
- Distribution frequency
- None
- Last close
- $38.88 (as of 2026-10-16)
- AUM
- $136,676,472
- Average volume
- 5008.0
- Beta
- 0.29
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Innovator ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
UMAY risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.7%.
Who may consider UMAY — and who may not
It is a weaker fit for investors who need monthly cash flow (UMAY does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on UMAY
Frequently asked questions
Does UMAY pay monthly?
No. UMAY does not currently distribute.
What is UMAY's expense ratio?
UMAY's expense ratio is 0.79%.
When does UMAY pay a dividend?
UMAY does not currently distribute.
How has UMAY performed?
Total return is 52.7% over the past 6.5 years, 142.4 points behind SPY at 195.1%. Over the past year its total return — price change plus distributions reinvested — is 8.7%. Its deepest 1-year drawdown was 1.7%.
More securities from Innovator ETFs.
Tickers
Holdings as-of date unavailable.
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