BSEP vs UMAR
Innovator U.S. Equity Buffer ETF - September vs Innovator US Equity Ultra Buffer ETF - March
Which is better, BSEP or UMAR?
BSEP has been ahead.
BSEP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BSEP | UMAR |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $470M | $143M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 1,520 | 24 |
| YTD Return | +10.32%Best | +8.65% |
| 1Y Return | +13.43%Best | +11.58% |
| 3Y Return (annualized) | +16.86%Best | +12.86% |
| 5Y Return (annualized) | +11.29%Best | +8.09% |
| Volatility (annualized) | 11.0% | 5.9%Best |
| Max Drawdown | -21.2% | -11.1%Best |
| $10,000 over 5 years | $17,072Best | $14,755 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 30, 2019 | Feb 28, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 2, 2020 to Oct 14, 2026 (6.6 years).
BSEP vs UMAR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.6 years both funds cover.
BSEP vs UMAR Performance
Innovator U.S. Equity Buffer ETF - September (BSEP) is an ETF from Innovator ETFs Trust and Innovator US Equity Ultra Buffer ETF - March (UMAR) is an ETF from Innovator ETFs Trust. Over the past year BSEP returned +13.43% while UMAR returned +11.58%. Year to date, BSEP is up 10.32% versus a gain of 8.65% for UMAR.
Over three years, BSEP compounded at +16.86% per year against +12.86% for UMAR; over five years the annualized figures are +11.29% and +8.09% respectively. Across the full 7-year window we track, BSEP has the edge at +12.22% annualized vs +7.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BSEP has been the more volatile fund, with annualized monthly volatility of 11.0% compared with 5.9% for UMAR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.2% for BSEP and -11.1% for UMAR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BSEP charges 0.79% per year while UMAR charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, BSEP currently yields 0.00% against 0.00% for UMAR.
Holdings Overlap
We hold position weights for 494 holdings in BSEP and 1 in UMAR, totalling 98.2% and 103.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 494 positions we hold weights for in BSEP and 1 in UMAR, against full books of 1,520 and 24.
You are not choosing between two funds in isolation.
Whichever of BSEP and UMAR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BSEP or UMAR?
BSEP has an expense ratio of 0.79% while UMAR charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, BSEP or UMAR?
Over the past year BSEP returned +13.43% vs +11.58% for UMAR, so BSEP leads on 1-year performance. Over the longest common window we track (7 years), BSEP annualized +12.22% vs +7.80% for UMAR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSEP or UMAR?
BSEP has been the more volatile fund at 11.0% annualized versus 5.9% for UMAR. Worst drawdown: BSEP -21.2% vs UMAR -11.1%.
Should I hold both BSEP and UMAR?
BSEP and UMAR have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BSEP or UMAR?
BSEP yields 0.00% while UMAR yields 0.00%, so UMAR currently pays the higher dividend yield.
Is UMAR better than BSEP?
BSEP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.