BMAR vs. PMAR
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - March (BMAR) and Innovator U.S. Equity Power Buffer ETF - March (PMAR).
BMAR and PMAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BMAR is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index March Series. It was launched on Mar 2, 2020. PMAR is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect March Series Index. It was launched on Mar 2, 2020. Both BMAR and PMAR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMAR or PMAR.
Key characteristics
| BMAR | PMAR | |
|---|---|---|
| YTD Return | 16.54% | 12.35% |
| 1Y Return | 22.00% | 15.44% |
| 3Y Return (Ann) | 10.52% | 8.56% |
| Sharpe Ratio | 3.12 | 2.92 |
| Sortino Ratio | 4.31 | 4.09 |
| Omega Ratio | 1.65 | 1.66 |
| Calmar Ratio | 4.37 | 3.82 |
| Martin Ratio | 20.77 | 20.45 |
| Ulcer Index | 1.15% | 0.82% |
| Daily Std Dev | 7.68% | 5.74% |
| Max Drawdown | -21.43% | -17.18% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BMAR and PMAR is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BMAR vs. PMAR - Performance Comparison
In the year-to-date period, BMAR achieves a 16.54% return, which is significantly higher than PMAR's 12.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BMAR vs. PMAR - Expense Ratio Comparison
Both BMAR and PMAR have an expense ratio of 0.79%.
Risk-Adjusted Performance
BMAR vs. PMAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - March (BMAR) and Innovator U.S. Equity Power Buffer ETF - March (PMAR). 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.
Dividends
BMAR vs. PMAR - Dividend Comparison
Neither BMAR nor PMAR has paid dividends to shareholders.
Drawdowns
BMAR vs. PMAR - Drawdown Comparison
The maximum BMAR drawdown since its inception was -21.43%, which is greater than PMAR's maximum drawdown of -17.18%. Use the drawdown chart below to compare losses from any high point for BMAR and PMAR. For additional features, visit the drawdowns tool.
Volatility
BMAR vs. PMAR - Volatility Comparison
Innovator U.S. Equity Buffer ETF - March (BMAR) has a higher volatility of 2.14% compared to Innovator U.S. Equity Power Buffer ETF - March (PMAR) at 1.35%. This indicates that BMAR's price experiences larger fluctuations and is considered to be riskier than PMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.