- Issuer
- Innovator
- Inception Date
- Mar 2, 2020
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- Cboe S&P 500 15% Buffer Protect March Series Index
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $764M
Highlights
- Avg. Volume (1M)
- 11K
- Avg. Volume Value (1M)
- $535.71K
Share Price Chart
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Performance
PMAR Performance Chart
Innovator U.S. Equity Power Buffer ETF - March (PMAR) is up 7.0% since the beginning of the year. PMAR is currently trading at $48 per share. Investors who bought $1,000 worth of PMAR shares 5 years ago would now be looking at an investment worth $1,566.
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Returns By Period
Innovator U.S. Equity Power Buffer ETF - March (PMAR) has returned 6.96% so far this year and 13.15% over the past 12 months.
Innovator U.S. Equity Power Buffer ETF - March
- 1D
- 0.19%
- 1M
- 0.69%
- 6M
- 6.19%
- YTD
- 6.96%
- 1Y
- 13.15%
- 3Y*
- 12.05%
- 5Y*
- 9.38%
- 10Y*
- —
- ALL TIME*
- 9.84%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PMAR Monthly Returns History
Based on dividend-adjusted daily data since Mar 2, 2020, PMAR's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 77% of months were positive and 23% were negative. The best month was Apr 2020 with a return of +7.6%, while the worst month was Mar 2020 at -8.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, PMAR closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +5.6%, while the worst single day was Mar 16, 2020 at -9.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.73% | 0.99% | -2.41% | 4.98% | 1.96% | 0.02% | 0.63% | 6.96% | |||||
| 2025 | 1.37% | 0.64% | -2.60% | -0.59% | 3.75% | 2.52% | 1.28% | 1.27% | 1.37% | 0.71% | 0.66% | 0.97% | 11.82% |
| 2024 | 0.93% | 0.78% | 1.60% | -1.74% | 3.04% | 1.74% | 0.82% | 1.62% | 1.03% | -0.15% | 2.50% | 0.05% | 12.83% |
| 2023 | 1.85% | 0.51% | 2.29% | 0.90% | 0.65% | 3.36% | 1.23% | 0.04% | -2.08% | -1.05% | 5.64% | 1.74% | 15.95% |
| 2022 | -0.32% | 0.78% | 1.83% | -4.55% | 0.41% | -4.61% | 4.95% | -1.76% | -4.29% | 4.07% | 2.49% | -1.09% | -2.65% |
| 2021 | 0.12% | 0.90% | 2.78% | 2.05% | 0.44% | 0.93% | 0.52% | 0.70% | -0.81% | 2.05% | -0.33% | 1.15% | 10.96% |
Benchmark Metrics
Innovator U.S. Equity Power Buffer ETF - March has an annualized alpha of 1.95%, beta of 0.48, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since March 02, 2020.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (40.91%) than losses (37.03%) - typical of diversified or defensive assets.
- Beta of 0.48 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.95%
- Beta
- 0.48
- R²
- 0.86
- Upside Capture
- 40.91%
- Downside Capture
- 37.03%
Expense Ratio
PMAR has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PMAR ranks 90 for risk / return — above 90% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - March (PMAR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PMAR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.25 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.00 | +1.02 |
| Martin ratioReturn relative to average drawdown | 17.29 | 8.49 | +8.80 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator U.S. Equity Power Buffer ETF - March. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator U.S. Equity Power Buffer ETF - March was 17.18%, occurring on Mar 20, 2020. Recovery took 51 trading sessions.
The current Innovator U.S. Equity Power Buffer ETF - March drawdown is 0.09%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-17.18%Mar 2020 | 15d | 2mo 15d | 3moMar 2020 - Jun 2020 | COVID crash2020 |
-10.84%Jun 2022 | 2mo 18d | 11mo 5d | 1y 1moMar 2022 - May 2023 | Bear market2022 |
-9.32%Apr 2025 | 1mo 6d | 1mo 5d | 2mo 11dMar 2025 - May 2025 | 2025 selloff2025 |
-4.38%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 | — |
-4.29%Oct 2023 | 1mo 12d | 14d | 1mo 26dSep 2023 - Nov 2023 | — |
Drawdown Indicators
| PMAR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -56.78% | +39.60% |
Max Drawdown (1Y)Largest decline over 1 year | -4.11% | -9.10% | +4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -9.32% | -18.90% | +9.58% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | -25.43% | +14.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.09% | -1.58% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -10.70% | +9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 2.14% | -1.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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