BMAR ETF — Innovator S&P 500 Buffer ETF - March

Innovator S&P 500 Buffer ETF - March (BMAR)

Updated October 16, 2026.

BMAR is an ETF. its expense ratio is 0.79%. Total return is 121.6% over the past 6.6 years, 50.0 points behind SPY at 171.6%.

Innovator S&P 500 Buffer ETF - March is an ETF that invests at least eighty percent of its assets in customizable FLEX Options contracts referencing the SPDR S&P 500 ETF Trust, designed to provide downside protection within a defined buffer range while maintaining exposure to the S&P 500. The fund does not currently distribute income, and carries an expense ratio of 0.79 percent. This structure appeals to investors seeking to limit downside losses in their equity exposure rather than those seeking regular dividend income.

BMAR performance versus SPY

Price and return data through 2026-10-16.

Total return is 121.6% over the past 6.6 years, 50.0 points behind SPY at 171.6%. Over the past year its total return — price change plus distributions reinvested — is 15.5%. Its deepest 1-year drawdown was 5.6%.

BMAR key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

02/28/2020

Expense ratio

0.79%

Distribution frequency

None

Last close

$59.25 (as of 2026-10-16)

AUM

$204,289,158

Average volume

11458.0

Beta

0.64

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Innovator ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BMAR risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.6%.

Who may consider BMAR — and who may not

It is a weaker fit for investors who need monthly cash flow (BMAR does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BMAR

• All tickers starting with B

Tagged: Downside Protection, Options, Target, S&P500.

Frequently asked questions

More securities from Innovator ETFs.