EALT vs. DMAR

Last updated Aug 5, 2026

EALT (Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly) and DMAR (FT Cboe Vest U.S. Equity Deep Buffer ETF - March) are both Options Trading funds. Both are actively managed. Over the past year, EALT returned 10.43% vs 13.33% for DMAR. Their correlation of 0.85 means they have usually moved in the same direction. EALT charges 0.69%/yr vs 0.85%/yr for DMAR.

Performance

EALT vs. DMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and FT Cboe Vest U.S. Equity Deep Buffer ETF - March (DMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EALT achieves a 3.77% return, which is significantly lower than DMAR's 8.72% return.

EALT

• 1D: 1.02%
• 1M: 2.58%
• 6M: 2.58%
• YTD: 3.77%
• 1Y: 10.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.42%

DMAR

• 1D: 0.31%
• 1M: 1.23%
• 6M: 8.19%
• YTD: 8.72%
• 1Y: 13.33%
• 3Y*: 11.84%
• 5Y*: 7.73%
• 10Y*: —
• ALL TIME*: 8.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DMAR FT Cboe Vest U.S. Equity Deep Buffer ETF - March	$487.47K	$359.59K	$821.68K
EALT Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly	$756.56K	$656.28K	$795.95K

EALT vs. DMAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EALT Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly	3.77%	9.45%	18.02%	6.68%
DMAR FT Cboe Vest U.S. Equity Deep Buffer ETF - March	8.72%	9.13%	12.74%	5.25%

Correlation

The correlation between EALT and DMAR is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	0.85

The correlation between EALT and DMAR has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

Return for Risk

EALT vs. DMAR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EALT

EALT Risk / Return Rank: 46
EALT Sharpe Ratio Rank: 49
EALT Sortino Ratio Rank: 47
EALT Omega Ratio Rank: 51
EALT Calmar Ratio Rank: 40
EALT Martin Ratio Rank: 46

DMAR

DMAR Risk / Return Rank: 97
DMAR Sharpe Ratio Rank: 97
DMAR Sortino Ratio Rank: 97
DMAR Omega Ratio Rank: 97
DMAR Calmar Ratio Rank: 97
DMAR Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EALT vs. DMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and FT Cboe Vest U.S. Equity Deep Buffer ETF - March (DMAR). 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.

	EALT	DMAR	Difference
Sharpe ratio: Return per unit of total volatility	1.38	3.56	-2.18
Sortino ratio: Return per unit of downside risk	1.92	5.77	-3.85
Omega ratio: Gain probability vs. loss probability	1.26	1.86	-0.60
Calmar ratio: Return relative to maximum drawdown	1.57	8.74	-7.17
Martin ratio: Return relative to average drawdown	5.90	49.62	-43.72

EALT vs. DMAR - Sharpe Ratio Comparison

The current EALT Sharpe Ratio is 1.38, which is lower than the DMAR Sharpe Ratio of 3.56. The chart below compares the historical Sharpe Ratios of EALT and DMAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EALT vs. DMAR - Drawdown Comparison

The maximum EALT drawdown since its inception was -14.76%, which is greater than DMAR's maximum drawdown of -9.84%. Use the drawdown chart below to compare losses from any high point for EALT and DMAR.

Drawdown Indicators

	EALT	DMAR	Difference
Max Drawdown Largest peak-to-trough decline	-14.76%	-9.84%	-4.92%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-1.53%	-5.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.84%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.58%	-1.80%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	0.27%	+1.50%

Volatility

EALT vs. DMAR - Volatility Comparison

Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) has a higher volatility of 2.67% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - March (DMAR) at 1.05%. This indicates that EALT's price experiences larger fluctuations and is considered to be riskier than DMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EALT	DMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	1.05%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	5.26%	3.18%	+2.08%
Volatility (1Y) Calculated over the trailing 1-year period	7.66%	3.79%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.90%	7.05%	+2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.90%	6.90%	+3.00%

EALT vs. DMAR - Expense Ratio Comparison

EALT has a 0.69% expense ratio, which is lower than DMAR's 0.85% expense ratio.

Dividends

EALT vs. DMAR - Dividend Comparison

Neither EALT nor DMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EALT and DMAR in my portfolio?

EALT and DMAR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EALT or DMAR?

EALT has higher volatility (2.67%) compared to DMAR (1.05%). In terms of maximum drawdown, EALT dropped -14.76% vs DMAR's -9.84%.

Which ETF is better, EALT or DMAR?

On 1-year performance, DMAR leads with 13.33% vs 10.43% for EALT. On fees, EALT is cheaper at 0.69% per year. On volatility, DMAR has been the lower-risk option at 1.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EALT or DMAR?

Over the 1-year period, DMAR has performed better with a 13.33% return vs 10.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EALT or DMAR?

EALT is cheaper with a 0.69% expense ratio, compared with 0.85% for DMAR.

Which ETF pays a higher dividend yield, EALT or DMAR?

EALT and DMAR have nearly identical dividend yields, around 0.00%.

What is the main difference between EALT and DMAR?

They also come from different issuers: Innovator and FT Vest. Their fees differ too: 0.69% for EALT and 0.85% for DMAR.

Which has better risk-adjusted returns?

DMAR currently has the higher Sharpe Ratio (3.56 vs 1.38), 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.