IJUL vs YMAR: Grades, Fees and Holdings Compared

Innovator Intl Developed Power Buffer ETF

IJULBNYSE Arca

FT Vest International Equity Moderate Buffer ETF – March

YMARCCboe

Overlap

0.0%by weight

Expense ratio

IJUL −0.05pt a year

IJUL0.85%YMAR0.90%

Avg volume · 30D

IJUL 5.8×the volume

IJUL44.8KYMAR7.72K

5Y return · a year

IJUL +1.3pt

IJUL+7.9%YMAR+6.6%

IJUL vs YMAR Performance

Oct 29, 2021 – Oct 30, 2026

+46.1%IJUL+37.6%YMAR

Expense ratio: IJUL 0.85%, better; YMAR 0.90%
Fund size: IJUL $256M; YMAR $163M
1Y total return: IJUL +9.7%; YMAR +9.9%, better
Yield (12M): IJUL 0.00%; YMAR No data
Holdings: IJUL 3; YMAR 3
Avg volume (30D): IJUL 44.8K sh, better; YMAR 7.72K sh
NAV per share: IJUL $35.98; YMAR $29.03
52W range

ETF.net Grade

Pillar letters and Scores for IJUL, YMAR, with each pillar’s weight
Pillar	IJUL	YMAR
Cost30% weight	D38Higher	F6
Mission25% weight	Not scored	Not scored
Risk15% weight	C52	A76Higher
Tradability15% weight	A82Higher	B66
Holdings10% weight	Not scored	B60
Durability5% weight	A91Higher	A83

Rank among Developed International Buffer 15% funds

How we build Categories ›

Same Category. IJUL and YMAR are both graded against the same 26 Developed International Buffer 15% funds, so their Grades compare head to head.

Developed International Buffer 15%⁠

Category · 26 funds

See all 26 ›

IJUL ranks 4th and YMAR 16th of 26 funds in the Developed International Buffer 15% Category.

Rank 1BBUFIAB International Buffer ETFScore 65
Rank 2BQBIFAllianzIM International Equity Buffer15 ETFScore 63
Rank 3BIAUGInnovator Intl Developed Power Buffer ETFScore 58
Rank 4BIJULInnovator Intl Developed Power Buffer ETFScore 55
Rank 4BIOCTInnovator Intl Developed Power Buffer ETFScore 55
Rank 16CJANIAllianzIM International Equity Buffer15 Uncapped Jan ETFScore 42
Rank 16CYMARFT Vest International Equity Moderate Buffer ETF – MarchScore 42
Rank 20CIDAUCorgi International Developed Equities 15% Structured Buffer ETF - August SeriesScore 40

Our read on each fund

ETF.net Research

IJULBInnovator Intl Developed Power Buffer ETF

YMARCFT Vest International Equity Moderate Buffer ETF – March

In short

IJUL Most buffer ETFs babysit the S&P 500. IJUL points the same 15% downside cushion at developed markets outside the US, tracking an EAFE index fund up to a cap over a one-year outcome period that restarts each July.

YMAR Most buffer ETFs aim at the S&P 500. This one points the same machinery overseas: it tracks the price move of the iShares MSCI EAFE ETF with a 15% downside buffer and a preset cap over each March-to-March year.

Stated mandate

IJUL The fund seeks to track the return of the iShares MSCI EAFE ETF (EFA) up to a predetermined cap while protecting against the first 15% of losses during the outcome period.

YMAR The Fund seeks to match the pre-expense price return of the iShares MSCI EAFE ETF, subject to a 15.82% upside cap and protection against the first 15% of losses during the March 23, 2026–March 19, 2027 outcome period.

Why people hold it

IJUL The mechanics are fixed by prospectus: absorb the first 15% of the reference ETF's losses over the outcome period, participate in gains up to a cap set when that period begins.innovatoretfs.com
Foreign exposure, not another S&P 500 clone. The reference asset is the iShares MSCI EAFE ETF, so the buffer sits on developed-market equity.innovatoretfs.com
At 0.85% a year, it charges exactly the median fee of its buffer peer group. No surcharge for pointing the structure overseas.
Running since 2019 and one of the strongest implementations in its cohort, with sibling months (IMAR, IAPR, IMAY) available if you want staggered start dates.

YMAR Buffer funds cluster around US large caps. This one runs the trade abroad: the price return of the iShares MSCI EAFE ETF, first 15% of losses absorbed, upside capped.ftportfolios.com
Terms are written down in advance: a 15% buffer, a cap set each March, a one-year period. First Trust posts where the cap and remaining buffer stand as the period runs.ftportfolios.com
March is one of four start months in the series (June, September and December fill the rest), so entry dates can be laddered instead of hinging on one reset.ftportfolios.com

Worth knowing

IJUL The cap is the price of the cushion: upside stops there for the period. Buying mid-period means your own buffer and cap differ from the stated terms.
Return comes from share price, not income. The options-based structure has produced no distributions, so EAFE's dividend stream is not passed through.
Volume is light next to plain index funds, so spreads and limit orders matter more at the moment you trade.

YMAR At 0.90% it sits above the 0.85% cohort median, and Innovator's same-index March buffer fund (IMAR) charges 0.85%.
Buffer and cap are before fees and apply to a full March-to-March period. Buy or sell mid-period and both the cushion and the remaining upside differ.ftportfolios.com
It follows price return only, so EAFE dividends don't pass through, and it trades lightly next to the biggest buffer funds, which can widen spreads.

Full IJUL profile⁠

Full YMAR profile⁠

IJUL vs YMAR Holdings

How IJUL and YMAR differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of IJUL and 0.0% of YMAR.

Level by level

Holdings0 in both0.0%
Countryby domicile100%
Sector11 Sectors100%

Sector

Sector weights in IJUL and YMAR, widest gap first
Sector	More in IJULMore in YMAR	IJUL	YMAR
Financials	Same weight	26.1%	26.1%
Industrials	Same weight	18.7%	18.7%
Technology	Same weight	12.0%	12.0%
Health Care	Same weight	10.1%	10.1%
Consumer Discretionary	Same weight	7.1%	7.1%
Consumer Staples	Same weight	6.4%	6.4%
Materials	Same weight	5.8%	5.8%
Communication	Same weight	4.7%	4.7%
Energy	Same weight	4.0%	4.0%
Utilities	Same weight	3.6%	3.6%
Real Estate	Same weight	1.5%	1.5%

Country, concentration and asset class

Country by domicile

Country weights in IJUL and YMAR, widest gap first
Country	More in IJULMore in YMAR	IJUL	YMAR
Japan	Same weight	24.3%	24.3%
United Kingdom	Same weight	14.1%	14.1%
Switzerland	Same weight	10.2%	10.2%
Germany	Same weight	8.8%	8.8%
France	Same weight	8.3%	8.3%
Australia	Same weight	6.7%	6.7%
Netherlands	Same weight	6.0%	6.0%
Spain	Same weight	3.7%	3.7%
Other countries (17)	Same weight	18.0%	18.0%

Outside the US: IJUL 99% developed, 1% emerging. YMAR 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

IJUL101.9%
YMAR102.4%

Securities held

IJUL3
YMAR2

Asset class

IJUL: Equity
YMAR: Multi-Asset

Holdings

Only in IJUL3
In both0
Only in YMAR2

Only in IJUL

3 securities, 100% of IJUL by weight

Efa 06/30/2027 1.04 C96.70%
Efa 06/30/2027 103.88 P4.92%
Us Bank Mmda - Usbgfs 9 09/01/20370.26%

Only in YMAR

2 securities, 100% of YMAR by weight

2027-03-19 iShares MSCI EAFE ETF C 0.94100.53%
2027-03-19 iShares MSCI EAFE ETF P 93.591.28%

Weight gaps

IJUL and YMAR share no securities.

All 6 IJUL holdings⁠All 4 YMAR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IJUL vs YMAR Cost

Overpaying YMAR vs IJUL

$841

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

IJUL 0.85%
$16,199
YMAR 0.90%
$17,040

Amount$10,000

Years30 years

Cost over time

IJUL 0.85%
YMAR 0.90%
Overpaying

Year by year

Year	IJUL	YMAR	Overpaying
10	$1,508	$1,593	$85
20	$5,706	$6,015	$309
30	$16,199	$17,040	$841

Expense ratio

0.85%IJUL, cheaper
0.90%YMAR

IJUL0.85%YMAR0.90%

0.30%0.90%

Middle half of Developed International Buffer 15% funds
Median 0.85%

IJUL 11th cheapest of 26 funds

YMAR 23rd cheapest of 26 funds

IJUL vs YMAR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IJUL 0.00%; YMAR No data
Payout (12M): IJUL None; YMAR None

Distribution history

Per share, 2019, same scale for both

IJUL1 paymentAll IJUL payments⁠

YMARAll YMAR payments⁠

No distribution history available.

IJUL vs YMAR Risk

Fall from peak · 5 years

IJUL
YMAR

Risk facts

VolatilityStd dev, 3 years: IJUL 7.4%YMAR 6.6%, better
Return per unit of riskSharpe ratio, 3 years: IJUL 1.07YMAR 1.27, better
Worst fallMax drawdown, 5 years: IJUL −14.6%, betterYMAR −22.6%
Market sensitivityBeta, 5 years: IJUL 0.46YMAR 0.40; Market = 1

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