IBFR vs. QMAR

Last updated Jun 6, 2026

IBFR (Innovator International Developed Managed 10 Buffer ETF) and QMAR (FT Cboe Vest Nasdaq-100 Buffer ETF - March) are both exchange-traded funds - IBFR is a Defined Outcome fund actively managed by Innovator, while QMAR is a Nasdaq-100 fund actively managed by First Trust. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. IBFR charges 0.85%/yr vs 0.90%/yr for QMAR.

Performance

IBFR vs. QMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Managed 10 Buffer ETF (IBFR) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBFR

• 1D: -1.50%
• 1M: 0.51%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMAR

• 1D: -1.50%
• 1M: 0.12%
• YTD: 11.34%
• 6M: 12.13%
• 1Y: 21.19%
• 3Y*: 16.08%
• 5Y*: 11.78%
• 10Y*: —

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

IBFR vs. QMAR - Yearly Performance Comparison

	2026 (YTD)
IBFR Innovator International Developed Managed 10 Buffer ETF	-1.71%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	10.30%

Correlation

The correlation between IBFR and QMAR is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 25, 2026	0.66

Return for Risk

IBFR vs. QMAR — Risk / Return Rank

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

QMAR

QMAR Risk / Return Rank: 96
QMAR Sharpe Ratio Rank: 94
QMAR Sortino Ratio Rank: 96
QMAR Omega Ratio Rank: 97
QMAR Calmar Ratio Rank: 94
QMAR Martin Ratio Rank: 97

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.

IBFR vs. QMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Managed 10 Buffer ETF (IBFR) and FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBFR	QMAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.51	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.61	0.88	-1.50

Drawdowns

IBFR vs. QMAR - Drawdown Comparison

The maximum IBFR drawdown since its inception was -5.70%, smaller than the maximum QMAR drawdown of -19.83%. Use the drawdown chart below to compare losses from any high point for IBFR and QMAR.

Drawdown Indicators

	IBFR	QMAR	Difference
Max Drawdown Largest peak-to-trough decline	-5.70%	-19.83%	+14.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.83%	—
Current Drawdown Current decline from peak	-2.27%	-1.70%	-0.57%
Average Drawdown Average peak-to-trough decline	-3.13%	-3.28%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.46%	—

Volatility

Volatility by Period

	IBFR	QMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.71%	6.28%	+3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.71%	13.98%	-4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.71%	13.86%	-4.15%

IBFR vs. QMAR - Expense Ratio Comparison

IBFR has a 0.85% expense ratio, which is lower than QMAR's 0.90% expense ratio.

Dividends

IBFR vs. QMAR - Dividend Comparison

IBFR's dividend yield for the trailing twelve months is around 0.24%, while QMAR has not paid dividends to shareholders.

Position	TTM
IBFR Innovator International Developed Managed 10 Buffer ETF	0.24%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	0.00%

Frequently Asked Questions

Can I hold both IBFR and QMAR in my portfolio?

IBFR and QMAR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBFR or QMAR?

On fees, IBFR is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBFR or QMAR?

IBFR is cheaper with a 0.85% expense ratio, compared with 0.90% for QMAR.

Which ETF pays a higher dividend yield, IBFR or QMAR?

IBFR has the higher dividend yield at 0.24%, compared with 0.00% for QMAR.

What is the main difference between IBFR and QMAR?

IBFR is categorized as Defined Outcome, while QMAR is Nasdaq-100. They also come from different issuers: Innovator and First Trust. Their fees differ too: 0.85% for IBFR and 0.90% for QMAR.