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XMAR

GradeBChicago Board Options Exchange

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March

Accelerated Upside · First Trust · Inception 2023-03-17 · SEC filings

$43.57−0.01 (−0.03%)

As of Sep 23, 2026, 2:55 PM EDT

History starts Mar 20, 2023.
Intraday session: down, 46 prints from 43.59 to 43.57. Range 43.55 to 43.62. Use the arrow keys to read each point.$43.56$43.58$43.60$43.6210 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$155M
1Y return
+11.2%
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0M sh
NAV per share
$43.61
52W range
low $38.70high $43.65

The ETF.net XMAR Grade

B

55/ 100

Rank 1 of 7 in S&P 500 Accelerated, 15% Buffer⁠

Confidence Low

Six-pillar profile for XMAR. Scores out of 100: Cost 39, Risk 76, Mission not scored, Tradability 58, Holdings 70, Durability 60. Strongest: Risk (76). Weakest: Cost (39). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 39
    Category rank5/7 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 76
    Category rank1/6 · top 17%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 58
    Category rank5/7 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank1/5 · top 20%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank4/7 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on XMAR

ETF.net Research

BMost accelerated ETFs double your upside and hand you the full downside. XMAR runs the accelerator with a net: about twice SPY's price gain up to a yearly cap, plus a 15% cushion against losses.

Stated mandate

The Fund seeks approximately twice the positive price return of the SPDR S&P 500 ETF Trust, subject to a 12.22% upside cap, while buffering the first 15% of losses over the March 23, 2026–March 19, 2027 outcome period.

Why people hold it

  1. 01The rare two-sided deal: roughly 2x any positive price move in SPY up to a cap, with the first 15% of SPY's losses absorbed, over a one-year outcome period.ftportfolios.com
  2. 02Innovator's accelerated funds (XDSQ, XTAP) give the 2x kicker with single exposure to the downside. XMAR keeps the kicker and adds the buffer.innovatoretfs.com
  3. 03No maturity date. The cap resets to prevailing market conditions when each March period rolls, so the position can be held across periods without re-buying.businesswire.com
  4. 04Among the stronger builds in a small field of accelerated SPY strategies, with a defined-risk profile that stands out in the group.

Worth knowing

  1. 01Cap and buffer are engineered for the full March-to-March period. Step in or out mid-period and you get different terms than the headline math.ftportfolios.com
  2. 02It references SPY's price return, so S&P 500 dividends sit outside the payoff. Below the buffer, losses track the index one for one.ftportfolios.com
  3. 030.85% a year, above the 0.79% typical of its accelerated peers, and it trades thinly, so the spread is part of your cost.

XMAR Holdings

As of Sep 21, 2026, 5:46 PM
Asset class
Other
Holdings
5
Top-10 weight
128%
Largest holding
2027-03-19 State Street® SPDR® S&P 500® ETF Trust C 6.50107.6%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-03-19 State Street® SPDR® S&P 500® ETF Trust C 6.50107.60%2,212$166M1
002—2027-03-19 State Street® SPDR® S&P 500® ETF Trust C 648.5818.95%2,212$29M1
003—2027-03-19 State Street® SPDR® S&P 500® ETF Trust P 648.581.09%2,212$2M1
004—US Dollar0.70%1,080,584$1M394

Showing 1–4 of 4 holdings

XMAR Performance

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

XMAR$11,124
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. XMAR $11,124. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 XMAR. Periods over one year show the average yearly return.
PeriodXMAR
Year to date+9.2%
1 month+0.7%
3 months+2.4%
1 year+11.2%
3 years+11.2%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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 XMAR
YearReturn barXMAR
2026 YTD+9.2%
2025+10.3%
2024+10.1%
2023+10.3%

History from Mar 20, 2023

XMAR in the news

ETF.net Research hasn’t filed on XMAR yet — coverage lands here as it’s written.

XMAR Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

XMAR Risk

How much the fund’s monthly returns vary, scaled to a year.
3.4%
Annualised · 36 months to Aug 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.
1.69
vs 3-month T-bills · to Aug 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.
−7.3%
42 months · trough Apr 2025
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.
0.23
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.

XMAR Cost

Expense ratio0.85%
  • The middle half of S&P 500 Accelerated, 15% Buffer funds
  • Median 0.85%

1 of the 7 S&P 500 Accelerated, 15% Buffer funds charge less.

XMAR costs $85.00 a year on $10,000. The median S&P 500 Accelerated, 15% Buffer fund costs $85.00.