Innovator U.S. Equity Power Buffer ETF - March
$49.27−0.03 (−0.05%)
- 0.79%
- $754M
- +13.1%
- 0M sh
- $49.33
- low $43.66high $49.37
The ETF.net PMAR Grade
C
Score 49 out of 100
- 18 of 61
Score 49 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 100Rank 34 of 61Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 16 of 57Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 27 of 59Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 8 of 61
Our read on PMAR
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.
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 Holdings
- Stocks
- 3
- 105%
- Spy 02/26/2027 6.86 C
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
PMAR Performance
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$11,310
Returns run to the Oct 12, 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.
| Period | PMAR |
|---|---|
| Year to date | +9.7% |
| 1 month | +1.1% |
| 3 months | +2.6% |
| 1 year | +13.1% |
| 3 years | +13.3% |
| 5 years | +9.8% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PMAR |
|---|---|---|
| 2026 YTD | +9.7% | |
| 2025 | +11.8% | |
| 2024 | +12.8% | |
| 2023 | +15.9% | |
| 2022 | −2.6% | |
| 2021 | +11.0% | |
| 2020 | +6.6% |
PMAR in the news
PMAR Dividends
No distributions in the last 12 months.
PMAR Risk
- 5.8%
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.
- 1.44
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.
- −10.8%
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.
- 0.43
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PMAR Cost
0.79%
PMAR0.79%
- The middle half of S&P 500 Buffer 15% funds
- Median 0.79%
23 of the 51 S&P 500 Buffer 15% funds charge less.
Other funds in S&P 500 Buffer 15%
- CPAUGInnovator U.S. Equity Power Buffer ETF - AugustExpense ratio 0.79%1 year return +12.1%
- CPJULInnovator U.S. Equity Power Buffer ETFExpense ratio 0.79%1 year return +11.1%
- CPAPRInnovator U.S. Equity Power Buffer ETFExpense ratio 0.79%1 year return +13.6%
- CPNOVInnovator U.S. Equity Power Buffer ETFExpense ratio 0.79%1 year return +12.8%
- CTENMiShares Large Cap 10% Target Buffer Mar ETFExpense ratio 0.53%1 year return —