BJUN vs. FMAR

Last updated Jun 4, 2026

BJUN (Innovator U.S. Equity Buffer ETF - June) and FMAR (FT Vest U.S. Equity Buffer ETF - March) are both Defined Outcome funds. BJUN is passively managed, while FMAR is actively managed. Over the past 5 years, BJUN returned 8.67%/yr vs 10.77%/yr for FMAR. Their correlation of 0.91 suggests significant overlap in exposure. BJUN charges 0.79%/yr vs 0.85%/yr for FMAR.

Performance

BJUN vs. FMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Buffer ETF - June (BJUN) and FT Vest U.S. Equity Buffer ETF - March (FMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BJUN achieves a 4.45% return, which is significantly lower than FMAR's 10.02% return.

BJUN

• 1D: -0.51%
• 1M: 0.57%
• YTD: 4.45%
• 6M: 5.26%
• 1Y: 14.41%
• 3Y*: 14.50%
• 5Y*: 8.67%
• 10Y*: —

FMAR

• 1D: -0.21%
• 1M: 1.97%
• YTD: 10.02%
• 6M: 11.01%
• 1Y: 19.13%
• 3Y*: 14.55%
• 5Y*: 10.77%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BJUN vs. FMAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BJUN Innovator U.S. Equity Buffer ETF - June	4.45%	12.57%	16.31%	16.81%	-11.47%	8.35%
FMAR FT Vest U.S. Equity Buffer ETF - March	10.02%	9.69%	14.61%	20.39%	-5.51%	11.38%

Correlation

The correlation between BJUN and FMAR is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 23, 2021	0.91

The correlation between BJUN and FMAR has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

Return for Risk

BJUN vs. FMAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BJUN

BJUN Risk / Return Rank: 76
BJUN Sharpe Ratio Rank: 69
BJUN Sortino Ratio Rank: 76
BJUN Omega Ratio Rank: 80
BJUN Calmar Ratio Rank: 67
BJUN Martin Ratio Rank: 87

FMAR

FMAR Risk / Return Rank: 96
FMAR Sharpe Ratio Rank: 95
FMAR Sortino Ratio Rank: 97
FMAR Omega Ratio Rank: 97
FMAR Calmar Ratio Rank: 95
FMAR Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BJUN vs. FMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - June (BJUN) and FT Vest U.S. Equity Buffer ETF - March (FMAR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BJUN	FMAR	Difference
Sharpe ratio: Return per unit of total volatility	2.27	3.79	-1.52
Sortino ratio: Return per unit of downside risk	3.39	6.08	-2.69
Omega ratio: Gain probability vs. loss probability	1.48	1.94	-0.47
Calmar ratio: Return relative to maximum drawdown	3.32	8.14	-4.82
Martin ratio: Return relative to average drawdown	18.84	56.00	-37.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BJUN vs. FMAR - Sharpe Ratio Comparison

The current BJUN Sharpe Ratio is 2.27, which is lower than the FMAR Sharpe Ratio of 3.79. The chart below compares the historical Sharpe Ratios of BJUN and FMAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BJUN	FMAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	3.79	-1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	1.04	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	1.10	-0.36

Drawdowns

BJUN vs. FMAR - Drawdown Comparison

The maximum BJUN drawdown since its inception was -22.71%, which is greater than FMAR's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for BJUN and FMAR.

Drawdown Indicators

	BJUN	FMAR	Difference
Max Drawdown Largest peak-to-trough decline	-22.71%	-14.36%	-8.35%
Max Drawdown (1Y) Largest decline over 1 year	-4.36%	-2.36%	-2.00%
Max Drawdown (3Y) Largest decline over 3 years	-12.69%	-12.37%	-0.32%
Max Drawdown (5Y) Largest decline over 5 years	-16.69%	-14.36%	-2.33%
Current Drawdown Current decline from peak	-0.51%	-0.21%	-0.30%
Average Drawdown Average peak-to-trough decline	-2.85%	-2.14%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	0.34%	+0.43%

Volatility

BJUN vs. FMAR - Volatility Comparison

The current volatility for Innovator U.S. Equity Buffer ETF - June (BJUN) is 0.63%, while FT Vest U.S. Equity Buffer ETF - March (FMAR) has a volatility of 0.98%. This indicates that BJUN experiences smaller price fluctuations and is considered to be less risky than FMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BJUN	FMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	0.98%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	4.67%	3.95%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	6.40%	5.08%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.88%	10.45%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.21%	10.35%	+2.86%

BJUN vs. FMAR - Expense Ratio Comparison

BJUN has a 0.79% expense ratio, which is lower than FMAR's 0.85% expense ratio.

Dividends

BJUN vs. FMAR - Dividend Comparison

Neither BJUN nor FMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BJUN and FMAR in my portfolio?

BJUN and FMAR have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BJUN or FMAR?

FMAR has higher volatility (0.98%) compared to BJUN (0.63%). In terms of maximum drawdown, BJUN dropped -22.71% vs FMAR's -14.36%.

Which ETF is better, BJUN or FMAR?

On 5-year performance, FMAR leads with 10.77% vs 8.67% for BJUN. On fees, BJUN is cheaper at 0.79% per year. On volatility, BJUN has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BJUN or FMAR?

Over the 5-year period, FMAR has performed better with a 10.77% return vs 8.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BJUN or FMAR?

BJUN is cheaper with a 0.79% expense ratio, compared with 0.85% for FMAR.

Which ETF pays a higher dividend yield, BJUN or FMAR?

BJUN and FMAR have nearly identical dividend yields, around 0.00%.

What is the main difference between BJUN and FMAR?

They also come from different issuers: Innovator and FT Vest. Their fees differ too: 0.79% for BJUN and 0.85% for FMAR.

Which has better risk-adjusted returns?

FMAR currently has the higher Sharpe Ratio (3.79 vs 2.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.