ZMAR ETF — Innovator Equity Defined Protection ETF - 1 Yr March

Innovator Equity Defined Protection ETF - 1 Yr March (ZMAR)

Updated October 16, 2026.

ZMAR is an ETF. its expense ratio is 0.79%. Total return is 10.6% over the past 1.6 years, 22.7 points behind SPY at 33.3%.

This ETF invests at least 80% of its assets in flexible exchange options referencing the S&P 500, designed to provide downside protection over a one-year period. The fund does not currently distribute income, with an expense ratio of 0.79%. It may appeal to equity investors seeking to limit losses on broad market exposure while maintaining upside participation within a defined time horizon.

ZMAR performance versus SPY

Price and return data through 2026-10-16.

Total return is 10.6% over the past 1.6 years, 22.7 points behind SPY at 33.3%. Over the past year its total return — price change plus distributions reinvested — is 6.1%. Its deepest 1-year drawdown was 1.4%.

ZMAR key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

02/28/2025

Expense ratio

0.79%

Distribution frequency

None

Last close

$28.70 (as of 2026-10-16)

AUM

$112,156,962

Average volume

5848.0

Beta

0.1486

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.

ZMAR risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.4%.

Who may consider ZMAR — and who may not

It is a weaker fit for investors who need monthly cash flow (ZMAR 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 ZMAR

• All tickers starting with Z

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from Innovator ETFs.