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Launched

Innovator U.S. Equity Power Buffer ETF - March

PMARCboeInnovatorC

$48.79−0.08 (−0.16%)

At close: Nov 2, 2026, 4:00 PM ET

C47/ 100

Rank 24 of 61 in S&P 500 Buffer 15%

C47/100Rank 24 of 61inS&P 500 Buffer 15%
Intraday session: down, 79 prints from 48.87 to 48.79. Range 48.79 to 49.15. Use the arrow keys to read each point.49.0049.1010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$742M
1Y total return
+10.5%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
19K sh
52W range
low $43.66high $49.37
Launched

The ETF.net PMAR Grade

Based on 4 of 6 pillars

C

Score 47 out of 100

Category
S&P 500 Buffer 15%⁠
Rank
24 of 61
Six-pillar profile for PMAR. Scores out of 100: Cost 35, Risk 61, Mission not scored, Tradability 48, Holdings not scored, Durability 81. Strongest: Durability (81). Weakest: Cost (35). Based on 4 of 6 pillars.

Score 47 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D35 out of 100
    Rank 34 of 61

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 11 of 60

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 35 of 61

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A81 out of 100
    Rank 8 of 61

Our read on PMAR

ETF.net Research

In short

CThe March-start link in Innovator's twelve-month buffer chain: it follows the big S&P 500 ETF up to a cap and is built to absorb the first 15% of losses over each March-to-February outcome period.

Stated mandate

The Fund seeks to track the return of the SPDR S&P 500 ETF Trust up to a predetermined cap while protecting against the first 15% of losses during the outcome period.

Why people hold it

  • The deal is written into the fund's terms: absorb SPY's first 15% of losses over an outcome period, give up gains above a cap in exchange.innovatoretfs.com
  • Fixed calendar. The outcome period runs March 1 to the end of February, then the cap resets under the same rules, so you always know when the terms change.innovatoretfs.com
  • A registered 1940 Act fund, not a bank-issued note, at a 0.79% expense ratio that lands right on the buffer-fund median.
  • Sits in the upper half of its buffer-fund peer group, one of the more solid takes on the defined-outcome playbook.

Worth knowing

  • Buy mid-period and you get whatever buffer and upside are left, not the headline 15% and the full cap. The stated terms describe a complete March-to-February run.
  • 0.79% is the going rate in this cohort and well above plain S&P 500 exposure. The options sleeve that builds the buffer is what you're paying for.
  • Trades lightly, so spreads can widen; limit orders are the usual workaround. It also makes no regular distributions, so any return shows up in the share price.

PMAR Performance

Launched Mar 2, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
PMAR$11,052
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PMAR $11,052. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PMAR. Periods over one year show the average yearly return.
PeriodPMAR
Year to date+8.7%
1 month−0.2%
3 months+1.7%
1 year+10.5%
3 yearsper year+13.8%
5 yearsper year+9.3%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PMAR
YearReturn barPMAR
2026 YTD+8.7%
2025+11.8%
2024+12.8%
2023+15.9%
2022−2.6%
2021+11.0%
2020+6.6%

Since listing, Mar 2, 2020

PMAR in the news

PMAR Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

PMAR Risk

Risk pillarB61 out of 100Rank 11 of 60 in S&P 500 Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
5.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.52
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−10.8%
Trough Jun 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.43
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PMAR Cost

Compare PMAR and CAUG

Overpaying vs CAUG, tied cheapest in S&P 500 Buffer 15%

$9,025

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PMAR 0.79%

    $15,174

  • CAUG 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • PMAR 0.79%
  • CAUG 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530PMAR $15,174CAUG $6,149

Year by year

YearPMARCAUGOverpaying
10$1,405$545$860
20$5,331$2,113$3,218
30$15,174$6,149$9,025

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