PMAR vs. BMAR
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - March (PMAR) and Innovator U.S. Equity Buffer ETF - March (BMAR).
PMAR and BMAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both PMAR and BMAR 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: PMAR or BMAR.
Key characteristics
| PMAR | BMAR | |
|---|---|---|
| YTD Return | 12.16% | 16.47% |
| 1Y Return | 16.54% | 23.88% |
| 3Y Return (Ann) | 8.51% | 10.51% |
| Sharpe Ratio | 2.84 | 3.10 |
| Sortino Ratio | 3.99 | 4.28 |
| Omega Ratio | 1.64 | 1.65 |
| Calmar Ratio | 3.73 | 4.34 |
| Martin Ratio | 19.95 | 20.64 |
| Ulcer Index | 0.82% | 1.15% |
| Daily Std Dev | 5.75% | 7.68% |
| Max Drawdown | -17.18% | -21.43% |
| Current Drawdown | -0.10% | -0.05% |
Correlation
The correlation between PMAR and BMAR is 0.93, 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
PMAR vs. BMAR - Performance Comparison
In the year-to-date period, PMAR achieves a 12.16% return, which is significantly lower than BMAR's 16.47% 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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PMAR vs. BMAR - Expense Ratio Comparison
Both PMAR and BMAR have an expense ratio of 0.79%.
Risk-Adjusted Performance
PMAR vs. BMAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - March (PMAR) and Innovator U.S. Equity Buffer ETF - March (BMAR). 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
PMAR vs. BMAR - Dividend Comparison
Neither PMAR nor BMAR has paid dividends to shareholders.
Drawdowns
PMAR vs. BMAR - Drawdown Comparison
The maximum PMAR drawdown since its inception was -17.18%, smaller than the maximum BMAR drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for PMAR and BMAR. For additional features, visit the drawdowns tool.
Volatility
PMAR vs. BMAR - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - March (PMAR) is 1.38%, while Innovator U.S. Equity Buffer ETF - March (BMAR) has a volatility of 2.20%. This indicates that PMAR experiences smaller price fluctuations and is considered to be less risky than BMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.