UMAR vs. SPY
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) and SPDR S&P 500 ETF (SPY).
UMAR and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UMAR is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect March Series Index. It was launched on Mar 2, 2020. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UMAR and SPY 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: UMAR or SPY.
Correlation
The correlation between UMAR and SPY is 0.85, 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
UMAR vs. SPY - Performance Comparison
Key characteristics
UMAR:
2.33
SPY:
1.75
UMAR:
3.21
SPY:
2.36
UMAR:
1.48
SPY:
1.32
UMAR:
3.27
SPY:
2.66
UMAR:
15.31
SPY:
11.01
UMAR:
0.91%
SPY:
2.03%
UMAR:
6.02%
SPY:
12.77%
UMAR:
-11.08%
SPY:
-55.19%
UMAR:
-0.13%
SPY:
-2.12%
Returns By Period
In the year-to-date period, UMAR achieves a 2.19% return, which is significantly lower than SPY's 2.36% return.
UMAR
2.19%
0.60%
5.95%
13.93%
N/A
N/A
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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UMAR vs. SPY - Expense Ratio Comparison
UMAR has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
UMAR vs. SPY — Risk-Adjusted Performance Rank
UMAR
SPY
UMAR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) and SPDR S&P 500 ETF (SPY). 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
UMAR vs. SPY - Dividend Comparison
UMAR has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMAR Innovator U.S. Equity Ultra Buffer ETF - March | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
UMAR vs. SPY - Drawdown Comparison
The maximum UMAR drawdown since its inception was -11.08%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UMAR and SPY. For additional features, visit the drawdowns tool.
Volatility
UMAR vs. SPY - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) is 0.70%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.38%. This indicates that UMAR experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.