Innovator S&P 500 Buffer ETF - March (BMAR) Performance
BMAR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.4% since Dec 31, 2025
- 1 year
- +13.8% total return
- 5 years
- +11.7% a year
- Since first price
- +12.7% a year since 2020
BMAR trailing returns vs SPY, QQQ, AGG
| Period | BMAR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.2% | −0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.0% | +3.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.3% | +6.3% | +7.8% | +8.4% | −1.5% |
| YTD | +11.4% | +11.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.8% | +13.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +64.7%+18.1%/yr | +64.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +74.1%+11.7%/yr | +74.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMar 2, 2020 | +121.0%+12.7%/yr | +121.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BMAR vs SPY
From Mar 2, 2020: BMAR grew to $22,101, SPY to $27,041.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BMAR returns by calendar year
4 of 5 full years positive. Best 2023 (+23.1%), worst 2022 (−7.1%). 2026 is year to date.
BMAR annual returns table
| Year | BMAR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.4% | −5.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.0% | −12.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.5% | −5.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +23.1% | −6.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.1% | −15.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +16.8% | −2.5% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BMAR largest drawdowns
Now 1.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 4, 2020 | −21.4% | Mar 23, 2020 | Jun 3, 2020 | 19 days | 3 months |
| Mar 29, 2022 | −15.0% | Oct 12, 2022 | May 18, 2023 | 6 months | 1.1 years |
| Feb 19, 2025 | −12.9% | Apr 8, 2025 | Jun 6, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BMAR risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +17.6% | +12.4% | +15.2% |
| Volatility (annualized) | 8.2% | 10.2% | 10.0% |
| Sharpe ratio | 1.51 | 0.86 | 1.20 |
| Sortino ratio | 3.12 | 1.37 | 2.12 |
| Best month | +7.5% | +7.5% | +9.3% |
| Worst month | −3.6% | −6.5% | −6.5% |
| Best 12 months | +25.7% | +25.7% | +32.0% |
| Worst 12 months | +9.3% | −8.5% | −8.5% |
| Positive months | 78% | 70% | 73% |
| Beta vs S&P 500 | 0.63 | 0.63 | — |
| Correlation with S&P 500 | 0.96 | 0.96 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BMAR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 68 | −8.5% | +15.4% | +32.0% | 85% |
| 3-year (a year) | 44 | +8.2% | +11.2% | +19.6% | 100% |
| 5-year (a year) | 20 | +11.0% | +12.3% | +14.1% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
BMAR performance overview
Innovator S&P 500 Buffer ETF - March (BMAR) returned +13.8% over the past year and +11.7% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +12.7% a year, turning $10,000 into about $22,101. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −21.4%, from Mar 4, 2020 to Mar 23, 2020, and it took 2 months to get back to the old high. BMAR finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+23.1%) and the worst 2022 (−7.1%). Volatility has been 10.0% a year.
Related: BMAR chart. See the BMAR overview for the latest quote and fund facts.
BMAR performance FAQ
What is the BMAR return over the past year?
BMAR returned +13.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.8%.
What is the average annual return of BMAR?
BMAR has returned +11.7% a year over 5 years, +12.7% a year since March 2, 2020 (total return, distributions reinvested).
How much would $10,000 invested in BMAR be worth?
$10,000 invested in BMAR at its first recorded close on March 2, 2020 would be worth about $22,101 on October 23, 2026 with distributions reinvested.
What was the worst year for BMAR?
The worst calendar year was 2022, with a total return of −7.1%. The best was 2023 at +23.1%.
What is the biggest drawdown of BMAR?
The largest peak-to-trough decline was −21.4% between March 4, 2020 and March 23, 2020. It recovered to the old high on June 3, 2020, 2 months after the bottom.
How volatile is BMAR?
Over the past 3 years BMAR had an annualized volatility of 8.2% and a Sharpe ratio of 1.51 (excess return over 1–3 month T-bills per unit of risk).