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Innovator U.S. Equity Ultra Buffer ETF - March (UM...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

Issuer

Innovator

Inception Date

Mar 2, 2020

Region

North America (U.S.)

Leveraged

1x

Index Tracked

Cboe S&P 500 30% (-5% to -35%) Buffer Protect March Series Index

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

UMAR has an expense ratio of 0.79%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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UMAR vs. SPY
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Performance

Performance Chart


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S&P 500

Returns By Period

Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) returned 2.76% year-to-date (YTD) and 11.88% over the past 12 months.


UMAR

YTD

2.76%

1M

2.99%

6M

2.50%

1Y

11.88%

3Y*

7.97%

5Y*

6.82%

10Y*

N/A

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of UMAR, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.60%0.73%-2.67%0.17%2.99%2.76%
20240.87%0.61%1.84%-2.33%3.10%2.37%0.80%1.62%1.13%0.04%2.54%-0.25%12.94%
20230.63%-0.63%1.99%0.88%0.59%3.14%0.98%0.08%-1.82%-1.19%5.54%1.60%12.22%
2022-0.13%0.45%1.06%-3.55%0.02%-3.64%3.74%-1.71%-3.27%2.44%1.47%-2.18%-5.49%
20210.02%0.54%2.03%1.21%0.17%0.80%0.31%0.62%-0.86%1.61%-0.32%1.00%7.31%
2020-5.54%4.17%1.52%0.22%1.46%1.14%-0.46%-0.75%3.17%0.43%5.16%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 87, UMAR is among the top 13% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of UMAR is 8787
Overall Rank
The Sharpe Ratio Rank of UMAR is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of UMAR is 8686
Sortino Ratio Rank
The Omega Ratio Rank of UMAR is 8989
Omega Ratio Rank
The Calmar Ratio Rank of UMAR is 8888
Calmar Ratio Rank
The Martin Ratio Rank of UMAR is 8787
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Innovator U.S. Equity Ultra Buffer ETF - March Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 1.40
  • 5-Year: 1.04
  • All Time: 0.82

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Innovator U.S. Equity Ultra Buffer ETF - March compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History


Innovator U.S. Equity Ultra Buffer ETF - March doesn't pay dividends

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 Ultra 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 Ultra Buffer ETF - March was 11.08%, occurring on Mar 23, 2020. Recovery took 50 trading sessions.

The current Innovator U.S. Equity Ultra Buffer ETF - March drawdown is 0.23%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-11.08%Mar 5, 202013Mar 23, 202050Jun 3, 202063
-8.72%Mar 30, 2022128Sep 30, 2022207Jul 31, 2023335
-7.41%Mar 3, 202527Apr 8, 202526May 15, 202553
-4.29%Sep 15, 202331Oct 27, 202310Nov 10, 202341
-4.27%Jul 17, 202414Aug 5, 202410Aug 19, 202424
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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