NMAR vs. DRLL

Last updated Jul 22, 2026

NMAR (Innovator Growth-100 Power Buffer ETF - March) and DRLL (Strive U.S. Energy ETF) are both exchange-traded funds - NMAR is a Defined Outcome fund tracking the Invesco QQQ Trust, Series 1, while DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index. Both are passively managed. Over the past year, NMAR returned 15.05% vs 41.21% for DRLL. At a 0.00 correlation, their price movements are largely independent. NMAR charges 0.79%/yr vs 0.41%/yr for DRLL.

Performance

NMAR vs. DRLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF - March (NMAR) and Strive U.S. Energy ETF (DRLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NMAR achieves a 8.80% return, which is significantly lower than DRLL's 34.01% return.

NMAR

• 1D: 0.58%
• 1M: -0.26%
• 6M: 8.86%
• YTD: 8.80%
• 1Y: 15.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.21%

DRLL

• 1D: 1.63%
• 1M: 12.58%
• 6M: 27.14%
• YTD: 34.01%
• 1Y: 41.21%
• 3Y*: 13.06%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.30%

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

NMAR vs. DRLL - Yearly Performance Comparison

	2026 (YTD)	2025
NMAR Innovator Growth-100 Power Buffer ETF - March	8.80%	11.79%
DRLL Strive U.S. Energy ETF	34.01%	2.19%

Correlation

The correlation between NMAR and DRLL is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.18
Correlation (All Time) Calculated using the full available price history since Mar 3, 2025	0.00

The correlation between NMAR and DRLL shifts across timeframes, from -0.18 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NMAR vs. DRLL — Risk / Return Rank

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

NMAR

NMAR Risk / Return Rank: 90
NMAR Sharpe Ratio Rank: 89
NMAR Sortino Ratio Rank: 90
NMAR Omega Ratio Rank: 91
NMAR Calmar Ratio Rank: 84
NMAR Martin Ratio Rank: 95

DRLL

DRLL Risk / Return Rank: 65
DRLL Sharpe Ratio Rank: 75
DRLL Sortino Ratio Rank: 67
DRLL Omega Ratio Rank: 67
DRLL Calmar Ratio Rank: 65
DRLL Martin Ratio Rank: 50

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.

NMAR vs. DRLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - March (NMAR) and Strive U.S. Energy ETF (DRLL). 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.

	NMAR	DRLL	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.82	+0.45
Sortino ratio: Return per unit of downside risk	3.32	2.34	+0.98
Omega ratio: Gain probability vs. loss probability	1.46	1.30	+0.16
Calmar ratio: Return relative to maximum drawdown	3.46	2.44	+1.02
Martin ratio: Return relative to average drawdown	20.44	6.21	+14.23

NMAR vs. DRLL - Sharpe Ratio Comparison

The current NMAR Sharpe Ratio is 2.26, which is comparable to the DRLL Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of NMAR and DRLL, 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

NMAR vs. DRLL - Drawdown Comparison

The maximum NMAR drawdown since its inception was -10.61%, smaller than the maximum DRLL drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for NMAR and DRLL.

Drawdown Indicators

	NMAR	DRLL	Difference
Max Drawdown Largest peak-to-trough decline	-10.61%	-23.73%	+13.12%
Max Drawdown (1Y) Largest decline over 1 year	-4.37%	-16.99%	+12.62%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.73%	—
Current Drawdown Current decline from peak	-0.52%	-6.18%	+5.66%
Average Drawdown Average peak-to-trough decline	-0.87%	-8.17%	+7.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	6.66%	-5.92%

Volatility

NMAR vs. DRLL - Volatility Comparison

The current volatility for Innovator Growth-100 Power Buffer ETF - March (NMAR) is 2.00%, while Strive U.S. Energy ETF (DRLL) has a volatility of 6.03%. This indicates that NMAR experiences smaller price fluctuations and is considered to be less risky than DRLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMAR	DRLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	6.03%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	5.77%	18.49%	-12.72%
Volatility (1Y) Calculated over the trailing 1-year period	6.68%	22.82%	-16.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.02%	23.80%	-12.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.02%	23.80%	-12.78%

NMAR vs. DRLL - Expense Ratio Comparison

NMAR has a 0.79% expense ratio, which is higher than DRLL's 0.41% expense ratio.

Dividends

NMAR vs. DRLL - Dividend Comparison

NMAR has not paid dividends to shareholders, while DRLL's dividend yield for the trailing twelve months is around 2.26%.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.26%	2.99%	3.00%	3.01%	1.18%
NMAR Innovator Growth-100 Power Buffer ETF - March	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NMAR and DRLL in my portfolio?

NMAR and DRLL have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NMAR or DRLL?

DRLL has higher volatility (6.03%) compared to NMAR (2.00%). In terms of maximum drawdown, NMAR dropped -10.61% vs DRLL's -23.73%.

Which ETF is better, NMAR or DRLL?

On 1-year performance, DRLL leads with 41.21% vs 15.05% for NMAR. On fees, DRLL is cheaper at 0.41% per year. On volatility, NMAR has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NMAR or DRLL?

Over the 1-year period, DRLL has performed better with a 41.21% return vs 15.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NMAR or DRLL?

DRLL is cheaper with a 0.41% expense ratio, compared with 0.79% for NMAR.

Which ETF pays a higher dividend yield, NMAR or DRLL?

DRLL has the higher dividend yield at 2.26%, compared with 0.00% for NMAR.

What is the main difference between NMAR and DRLL?

NMAR is categorized as Defined Outcome, while DRLL is Energy Equities. NMAR tracks Invesco QQQ Trust, Series 1, while DRLL tracks Bloomberg US Energy Select Index. They also come from different issuers: Innovator and Strive. Their fees differ too: 0.79% for NMAR and 0.41% for DRLL.

Which has better risk-adjusted returns?

NMAR currently has the higher Sharpe Ratio (2.26 vs 1.82), 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.