Innovator S&P 500 Ultra Buffer ETF - March (UMAR) Performance
UMAR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.3% since Dec 31, 2025
- 1 year
- +10.4% total return
- 5 years
- +7.9% a year
- Since first price
- +7.7% a year since 2020
UMAR trailing returns vs SPY, QQQ, AGG
| Period | UMAR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.0% | −0.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.5% | +2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.0% | +5.0% | +7.8% | +8.4% | −1.5% |
| YTD | +8.3% | +8.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.4% | +10.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +46.1%+13.5%/yr | +46.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +46.3%+7.9%/yr | +46.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMar 2, 2020 | +63.8%+7.7%/yr | +63.8% | — | — | — |
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: UMAR vs SPY
From Mar 2, 2020: UMAR grew to $16,381, SPY to $27,041.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UMAR returns by calendar year
4 of 5 full years positive. Best 2024 (+12.9%), worst 2022 (−5.5%). 2026 is year to date.
UMAR annual returns table
| Year | UMAR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.3% | −3.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.9% | −7.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.9% | −4.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +12.2% | −4.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.5% | −8.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +7.3% | −1.3% | +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.
UMAR largest drawdowns
Now 0.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 4, 2020 | −11.1% | Mar 23, 2020 | Jun 3, 2020 | 19 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UMAR risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +13.1% | +8.2% | +8.8% |
| Volatility (annualized) | 5.7% | 6.4% | 5.9% |
| Sharpe ratio | 1.44 | 0.72 | 1.00 |
| Sortino ratio | 2.76 | 1.12 | 1.66 |
| Best month | +5.5% | +5.5% | +5.5% |
| Worst month | −2.7% | −3.6% | −3.6% |
| Best 12 months | +18.4% | +18.4% | +18.4% |
| Worst 12 months | +8.8% | −5.8% | −5.8% |
| Positive months | 86% | 77% | 78% |
| Beta vs S&P 500 | 0.43 | 0.37 | — |
| Correlation with S&P 500 | 0.93 | 0.92 | — |
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.
UMAR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 68 | −5.8% | +10.5% | +18.4% | 84% |
| 3-year (a year) | 44 | +3.2% | +6.4% | +13.6% | 100% |
| 5-year (a year) | 20 | +6.5% | +7.6% | +8.2% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
UMAR performance overview
Innovator S&P 500 Ultra Buffer ETF - March (UMAR) returned +10.4% over the past year and +7.9% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +7.7% a year, turning $10,000 into about $16,381. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −11.1%, from Mar 4, 2020 to Mar 23, 2020, and it took 2 months to get back to the old high. UMAR finished 4 of its 5 full calendar years with a gain; the best year was 2024 (+12.9%) and the worst 2022 (−5.5%). Volatility has been 5.9% a year.
Related: UMAR chart. See the UMAR overview for the latest quote and fund facts.
UMAR performance FAQ
What is the UMAR return over the past year?
UMAR returned +10.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.4%.
What is the average annual return of UMAR?
UMAR has returned +7.9% a year over 5 years, +7.7% a year since March 2, 2020 (total return, distributions reinvested).
How much would $10,000 invested in UMAR be worth?
$10,000 invested in UMAR at its first recorded close on March 2, 2020 would be worth about $16,381 on October 23, 2026 with distributions reinvested.
What was the worst year for UMAR?
The worst calendar year was 2022, with a total return of −5.5%. The best was 2024 at +12.9%.
What is the biggest drawdown of UMAR?
The largest peak-to-trough decline was −11.1% 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 UMAR?
Over the past 3 years UMAR had an annualized volatility of 5.7% and a Sharpe ratio of 1.44 (excess return over 1–3 month T-bills per unit of risk).