Data as of Oct 28, 2026.

vsCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Across categories

IMAY vs VEA: Differences, Returns & Fees

Share
Share on XDownload as PDF

Over the year to Oct 28, 2026, IMAY returned +8.3% to VEA's +17.1%, and VEA charges 0.03% to IMAY's 0.85%.

askIQ about this page

askIQ about IMAY and VEA

Net assets: $50m on Oct 28, 2026 for Innovator Intl Developed Power Buffer ETF - May, and $231.6bn on Sep 30, 2026 for Vanguard FTSE Developed Markets ETF.

At a glance
+8.3%
IMAY total return, 1 year
+17.1%
VEA total return, 1 year
0.85%
IMAY expense ratio
0.03%
VEA expense ratio

Pair scorecard

VEA costs 0.82 points a year less; their one-year returns differ by 8.8 points.

IMAY vs VEA: Differences, Returns & Fees
MeasureIMAYVEA
Return
Total return, 1 year+8.3%+17.1%
Drawdown
Below its high4.4%, high on Aug 25, 2026
Index fall to the buffer1.3%
Fund price fall to the buffer2.7%
Benchmark
What it tracksEFAFTSE Developed All Cap ex US Index
The outcome period
Room to the cap12.9%
Buffer left, in index points15.0% of 15.0%
Days left in the period184
Period endsApr 30, 2027
Cost and size
Expense ratio0.85%0.03%
Net assets, IMAY as of Oct 28, 2026 and VEA as of Sep 30, 2026$50m$231.6bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund13.6%

Method

Risk and return

May 10, 2024 to Oct 23, 2026 · 128 weekly returns
IMAY VEA
Return
Total return edge VEA +23.9% +47.1%
Annualized edge VEA +9.1% +17.0%
Price return edge VEA +23.9% +37.1%
Risk
Volatility edge IMAY 9.2% 15.4%
Max drawdown edge IMAY −8.0% −11.5%
Risk-adjusted
Sharpe edge VEA 0.53 0.82
Sortino edge VEA 0.76 1.17
Calmar edge VEA 1.13 1.47
Reading

VEA returned more: +47.1% to +23.9%. IMAY swung less: 9.2% to 15.4%. IMAY fell less at its worst: −8.0% to −11.5%.

Full scorecard

9 measures, with how each is measured
Open ↓
Risk and return: IMAY vs VEA: Differences, Returns & Fees
MeasureIMAYVEAEdgeHow it is measured
Return
Total return+23.9%+47.1%VEAPrice change plus distributions, reinvested.
Annualized+9.1%+17.0%VEATotal return as a yearly rate.
Price return+23.9%+37.1%VEAPrice change alone, distributions left out.
Risk
Volatility9.2%15.4%IMAYSpread of weekly returns, annualized. Lower is steadier.
Downside deviation6.5%10.8%IMAYLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−8.0%−11.5%IMAYDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.530.82VEAReturn above Treasury bills per unit of volatility.
Sortino0.761.17VEAReturn above Treasury bills per unit of downside deviation.
Calmar1.131.47VEAAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 128 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

IMAY Innovator Intl Developed Power Buffer ETF - May VEA Vanguard FTSE Developed Markets ETF
Where it sits Buffer ETF Stock ETF
What it is Defined outcome, 15% on EFA Tracks an index of Developed markets ex US
Total return, 1 year +8.3% +17.1%
Its benchmark over the same days +8.4% (EFA) not measured
Gap to its benchmark −0.1 pts vs EFA not measured
Expense ratio 0.85% 0.03%
Holdings not read by ETFIQ 3906
Net assets, IMAY as of Oct 28, 2026 and VEA as of Sep 30, 2026 $50m $231.6bn

IMAY and VEA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-BA29A80C26

IMAY and VEA do different jobs. What does each one do in a portfolio?

  1. What each follows. IMAY follows EFA and VEA follows FTSE Developed All Cap ex US Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 IMAY returned +8.3% and VEA +17.1% with distributions reinvested, a gap of 8.8 points.
  3. Cost. IMAY charges 0.85% of assets a year and VEA 0.03%, a gap of 0.82 points.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

IMAY flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
IMAY

From its price on Oct 28, 2026, the fund can gain about 12.9% more before it reaches its cap. The fund's price can fall 2.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, EFA can fall 1.3% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's EFA level. 184 days remained on Oct 28, 2026. On Apr 30, 2027 the period ends and a new cap is set.

VEA

VEA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,906 positions, with the top ten at 13.6%. It sat 4.4% below its high of Aug 25, 2026 on Oct 28, 2026.

Questions people ask

Are IMAY and VEA in the same category?
IMAY is a buffer ETF and VEA is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, IMAY or VEA?
In the year to Oct 28, 2026, with distributions reinvested, IMAY returned +8.3% and VEA +17.1%.
Which is cheaper, IMAY or VEA?
VEA is cheaper, by 0.82 percentage points a year. That is about $82 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
Cite this pageCitation, APA and Markdown

ETFIQ, IMAY against VEA, data as of Oct 28, 2026. https://etfiq.com/compare/any/imay-vs-vea

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.