PMAR vs. JULB

Last updated Jun 3, 2026

PMAR (Innovator U.S. Equity Power Buffer ETF - March) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. PMAR is passively managed, while JULB is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. PMAR charges 0.79%/yr vs 0.25%/yr for JULB.

Performance

PMAR vs. JULB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Power Buffer ETF - March (PMAR) and Aptus July Buffer ETF (JULB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PMAR having a 6.36% return and JULB slightly higher at 6.42%.

PMAR

• 1D: 0.06%
• 1M: 1.94%
• YTD: 6.36%
• 6M: 7.38%
• 1Y: 15.93%
• 3Y*: 13.05%
• 5Y*: 9.61%
• 10Y*: —

JULB

• 1D: 0.02%
• 1M: 2.27%
• YTD: 6.42%
• 6M: 7.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMAR vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
PMAR Innovator U.S. Equity Power Buffer ETF - March	6.36%	2.47%
JULB Aptus July Buffer ETF	6.42%	2.56%

Correlation

The correlation between PMAR and JULB is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.91

Return for Risk

PMAR vs. JULB — Risk / Return Rank

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

PMAR

PMAR Risk / Return Rank: 88
PMAR Sharpe Ratio Rank: 88
PMAR Sortino Ratio Rank: 92
PMAR Omega Ratio Rank: 94
PMAR Calmar Ratio Rank: 76
PMAR Martin Ratio Rank: 92

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.

PMAR vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - March (PMAR) and Aptus July Buffer ETF (JULB). 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.

	PMAR	JULB	Difference
Sharpe ratio Return per unit of total volatility	3.01	—	—
Sortino ratio Return per unit of downside risk	4.52	—	—
Omega ratio Gain probability vs. loss probability	1.69	—	—
Calmar ratio Return relative to maximum drawdown	3.90	—	—
Martin ratio Return relative to average drawdown	23.14	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PMAR	JULB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.01	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	2.20	-1.28

Drawdowns

PMAR vs. JULB - Drawdown Comparison

The maximum PMAR drawdown since its inception was -17.18%, which is greater than JULB's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for PMAR and JULB.

Drawdown Indicators

	PMAR	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-17.18%	-5.24%	-11.94%
Max Drawdown (1Y) Largest decline over 1 year	-4.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-10.84%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.56%	-0.88%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	—	—

Volatility

Volatility by Period

	PMAR	JULB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.31%	6.83%	-1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.17%	6.83%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.73%	6.83%	+3.90%

PMAR vs. JULB - Expense Ratio Comparison

PMAR has a 0.79% expense ratio, which is higher than JULB's 0.25% expense ratio.

Dividends

PMAR vs. JULB - Dividend Comparison

Neither PMAR nor JULB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMAR and JULB in my portfolio?

With a correlation of 0.91, PMAR and JULB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, PMAR or JULB?

On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PMAR or JULB?

JULB is cheaper with a 0.25% expense ratio, compared with 0.79% for PMAR.

Which ETF pays a higher dividend yield, PMAR or JULB?

PMAR and JULB have nearly identical dividend yields, around 0.00%.

What is the main difference between PMAR and JULB?

They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for PMAR and 0.25% for JULB.