IMAR vs. CBOX
IMAR (Innovator International Developed Power Buffer ETF - March) and CBOX (Calamos Tax-Aware Collateral ETF) are both Options Trading funds. Both are actively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. IMAR charges 0.85%/yr vs 0.14%/yr for CBOX.
Performance
IMAR vs. CBOX - Performance Comparison
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Returns By Period
IMAR
- 1D
- -0.36%
- 1M
- 0.67%
- 6M
- 1.84%
- YTD
- 3.05%
- 1Y
- 10.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.51%
CBOX
- 1D
- 0.00%
- 1M
- 0.37%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.89M | $8.89M | $7.14M | |
| $556.22K | $433.12K | $4.08M |
IMAR vs. CBOX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IMAR Innovator International Developed Power Buffer ETF - March | 2.57% |
CBOX Calamos Tax-Aware Collateral ETF | 1.12% |
Correlation
The correlation between IMAR and CBOX is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 17, 2026 | -0.03 |
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Return for Risk
IMAR vs. CBOX — Risk / Return Rank
IMAR
CBOX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IMAR vs. CBOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - March (IMAR) and Calamos Tax-Aware Collateral ETF (CBOX). 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.
| IMAR | CBOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | — | — |
| Martin ratioReturn relative to average drawdown | 5.74 | — | — |
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Drawdowns
IMAR vs. CBOX - Drawdown Comparison
The maximum IMAR drawdown since its inception was -9.05%, which is greater than CBOX's maximum drawdown of -2.90%. Use the drawdown chart below to compare losses from any high point for IMAR and CBOX.
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Drawdown Indicators
| IMAR | CBOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.05% | -2.90% | -6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.91% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -2.30% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -1.47% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | — | — |
Volatility
IMAR vs. CBOX - Volatility Comparison
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Volatility by Period
| IMAR | CBOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.47% | 7.83% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.33% | 7.83% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 7.83% | +1.50% |
IMAR vs. CBOX - Expense Ratio Comparison
IMAR has a 0.85% expense ratio, which is higher than CBOX's 0.14% expense ratio.
Dividends
IMAR vs. CBOX - Dividend Comparison
Neither IMAR nor CBOX has paid dividends to shareholders.
Frequently Asked Questions
IMAR and CBOX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBOX is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBOX is cheaper with a 0.14% expense ratio, compared with 0.85% for IMAR.
IMAR and CBOX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Calamos. Their fees differ too: 0.85% for IMAR and 0.14% for CBOX.
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