XBFR vs. TMAR

Last updated Aug 1, 2026

XBFR (Innovator Equity Managed 10 Buffer ETF) and TMAR (FT Vest Emerging Markets Buffer ETF - March) are both Defined Outcome funds. XBFR is actively managed, while TMAR is passively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. XBFR charges 0.79%/yr vs 0.95%/yr for TMAR.

Performance

XBFR vs. TMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Managed 10 Buffer ETF (XBFR) and FT Vest Emerging Markets Buffer ETF - March (TMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XBFR

• 1D: 0.67%
• 1M: -0.27%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TMAR

• 1D: 0.52%
• 1M: 0.36%
• 6M: 10.69%
• YTD: 11.80%
• 1Y: 21.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TMAR FT Vest Emerging Markets Buffer ETF - March	$71.79K	$83.23K	$241.79K
XBFR Innovator Equity Managed 10 Buffer ETF	$260.31K	$267.77K	$415.44K

XBFR vs. TMAR - Yearly Performance Comparison

	2026 (YTD)
XBFR Innovator Equity Managed 10 Buffer ETF	5.51%
TMAR FT Vest Emerging Markets Buffer ETF - March	10.16%

Correlation

The correlation between XBFR and TMAR is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 24, 2026	0.72

Return for Risk

XBFR vs. TMAR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XBFR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TMAR

TMAR Risk / Return Rank: 83
TMAR Sharpe Ratio Rank: 76
TMAR Sortino Ratio Rank: 77
TMAR Omega Ratio Rank: 88
TMAR Calmar Ratio Rank: 85
TMAR Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XBFR vs. TMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed 10 Buffer ETF (XBFR) and FT Vest Emerging Markets Buffer ETF - March (TMAR). 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.

	XBFR	TMAR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.74	—
Sortino ratio: Return per unit of downside risk	—	2.50	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	3.28	—
Martin ratio: Return relative to average drawdown	—	13.54	—

Drawdowns

XBFR vs. TMAR - Drawdown Comparison

The maximum XBFR drawdown since its inception was -4.12%, smaller than the maximum TMAR drawdown of -9.93%. Use the drawdown chart below to compare losses from any high point for XBFR and TMAR.

Drawdown Indicators

	XBFR	TMAR	Difference
Max Drawdown Largest peak-to-trough decline	-4.12%	-9.93%	+5.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.39%	—
Current Drawdown Current decline from peak	-1.25%	-3.31%	+2.06%
Average Drawdown Average peak-to-trough decline	-1.15%	-0.95%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.54%	—

Volatility

Volatility by Period

	XBFR	TMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.13%	12.06%	-2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.13%	12.75%	-3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.13%	12.75%	-3.62%

XBFR vs. TMAR - Expense Ratio Comparison

XBFR has a 0.79% expense ratio, which is lower than TMAR's 0.95% expense ratio.

Dividends

XBFR vs. TMAR - Dividend Comparison

XBFR's dividend yield for the trailing twelve months is around 0.10%, while TMAR has not paid dividends to shareholders.

Position	TTM
TMAR FT Vest Emerging Markets Buffer ETF - March	0.00%
XBFR Innovator Equity Managed 10 Buffer ETF	0.10%

Frequently Asked Questions

Can I hold both XBFR and TMAR in my portfolio?

XBFR and TMAR have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XBFR or TMAR?

On fees, XBFR is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XBFR or TMAR?

XBFR is cheaper with a 0.79% expense ratio, compared with 0.95% for TMAR.

Which ETF pays a higher dividend yield, XBFR or TMAR?

XBFR has the higher dividend yield at 0.10%, compared with 0.00% for TMAR.

What is the main difference between XBFR and TMAR?

They also come from different issuers: Innovator and First Trust. Their fees differ too: 0.79% for XBFR and 0.95% for TMAR.