BJUN vs. KMAR
BJUN (Innovator U.S. Equity Buffer ETF - June) and KMAR (Innovator U.S. Small Cap Power Buffer ETF - March) are both Defined Outcome funds from Innovator - BJUN tracks the S&P 500 Price Return Index while KMAR tracks the iShares Russell 2000 ETF (IWM) Price Return. Both are passively managed. Over the past year, BJUN returned 11.04% vs 23.23% for KMAR. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.
Performance
BJUN vs. KMAR - Performance Comparison
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Returns By Period
In the year-to-date period, BJUN achieves a 2.89% return, which is significantly lower than KMAR's 11.31% return.
BJUN
- 1D
- -0.10%
- 1M
- -1.53%
- YTD
- 2.89%
- 6M
- 2.58%
- 1Y
- 11.04%
- 3Y*
- 13.41%
- 5Y*
- 8.12%
- 10Y*
- —
KMAR
- 1D
- 0.23%
- 1M
- 1.99%
- YTD
- 11.31%
- 6M
- 10.34%
- 1Y
- 23.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BJUN vs. KMAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BJUN Innovator U.S. Equity Buffer ETF - June | 2.89% | 11.02% |
KMAR Innovator U.S. Small Cap Power Buffer ETF - March | 11.31% | 11.45% |
Correlation
The correlation between BJUN and KMAR is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2025 | 0.79 |
The correlation between BJUN and KMAR has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
BJUN vs. KMAR — Risk / Return Rank
BJUN
KMAR
BJUN vs. KMAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - June (BJUN) and Innovator U.S. Small Cap Power Buffer ETF - March (KMAR). 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.
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.
| BJUN | KMAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.46 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 4.77 | -2.23 |
| Martin ratioReturn relative to average drawdown | 12.92 | 19.52 | -6.60 |
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Drawdowns
BJUN vs. KMAR - Drawdown Comparison
The maximum BJUN drawdown since its inception was -22.71%, which is greater than KMAR's maximum drawdown of -11.32%. Use the drawdown chart below to compare losses from any high point for BJUN and KMAR.
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Drawdown Indicators
| BJUN | KMAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.71% | -11.32% | -11.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -4.89% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | — | — |
Current DrawdownCurrent decline from peak | -2.00% | -0.30% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -1.34% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.19% | -0.33% |
Volatility
BJUN vs. KMAR - Volatility Comparison
Innovator U.S. Equity Buffer ETF - June (BJUN) has a higher volatility of 3.26% compared to Innovator U.S. Small Cap Power Buffer ETF - March (KMAR) at 2.99%. This indicates that BJUN's price experiences larger fluctuations and is considered to be riskier than KMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BJUN | KMAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 2.99% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 5.57% | 6.72% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.94% | 9.44% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 12.15% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.21% | 12.15% | +1.06% |
BJUN vs. KMAR - Expense Ratio Comparison
Both BJUN and KMAR have an expense ratio of 0.79%.
Dividends
BJUN vs. KMAR - Dividend Comparison
Neither BJUN nor KMAR has paid dividends to shareholders.
Frequently Asked Questions
BJUN and KMAR have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BJUN has higher volatility (3.26%) compared to KMAR (2.99%). In terms of maximum drawdown, BJUN dropped -22.71% vs KMAR's -11.32%.
On 1-year performance, KMAR leads with 23.23% vs 11.04% for BJUN. Both ETFs have the same 0.79% expense ratio. On volatility, KMAR has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KMAR has performed better with a 23.23% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BJUN and KMAR have the same expense ratio: 0.79% per year.
BJUN and KMAR have nearly identical dividend yields, around 0.00%.
BJUN tracks S&P 500 Price Return Index, while KMAR tracks iShares Russell 2000 ETF (IWM) Price Return.
KMAR currently has the higher Sharpe Ratio (2.48 vs 1.61), 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.
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