BMAR vs SPUU

Comparison between Innovator U.S. Equity Buffer ETF - March (BMAR, ETF) and DIREXION DAILY S&P 500(R) BULL 2X SHARES (SPUU, ETF).

5-Year PerformanceSPUU has outperformed BMAR, delivering a return of +19.0% compared to +11.9%

BMAR vs SPUU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BMAR(ETF)	SPUU(ETF)
Net Assets	$227M	$228M
Expense Ratio	0.79%	N/A
Max Drawdown	21.43%	59.35%
Sharpe Ratio	1.95	1.53
5Y Beta	0.65	1.93
P/E Ratio	N/A	28.95
Forward P/E	N/A	22.16
5Y Dividends CAGR	N/A	-11.13%
5Y EPS CAGR	N/A	29.37%
Debt to Equity	N/A	44.30%
P/S Ratio	N/A	3.73
P/B Ratio	N/A	5.49

Net Assets

BMAR

$227M

Winner

SPUU

$228M

Expense Ratio

BMAR

0.79%

SPUU

N/A

Max Drawdown

Winner

BMAR

21.43%

SPUU

59.35%

Sharpe Ratio

Winner

BMAR

1.95

SPUU

1.53

5Y Beta

Winner

BMAR

0.65

SPUU

1.93

P/E Ratio

BMAR

N/A

SPUU

28.95

Forward P/E

BMAR

N/A

SPUU

22.16

5Y Dividends CAGR

BMAR

N/A

SPUU

-11.13%

5Y EPS CAGR

BMAR

N/A

SPUU

29.37%

Debt to Equity

BMAR

N/A

SPUU

44.30%

P/S Ratio

BMAR

N/A

SPUU

3.73

P/B Ratio

BMAR

N/A

SPUU

5.49

BMAR vs SPUU - Historical Returns

Returns include dividend reinvestment.

Period	BMAR	SPUU
1 month	+1.17%	+3.22%
3 months	+5.47%	+15.53%
6 months	+8.23%	+12.99%
1 year	+19.93%	+47.86%
5 years(CAGR)	+11.94%	+19.03%
10 years(CAGR)	N/A	+24.07%
Max(CAGR)	+12.86%	+21.41%

BMAR

+1.17%

Winner

SPUU

+3.22%

BMAR

+5.47%

Winner

SPUU

+15.53%

BMAR

+8.23%

Winner

SPUU

+12.99%

BMAR

+19.93%

Winner

SPUU

+47.86%

5Y(CAGR)

BMAR

+11.94%

Winner

SPUU

+19.03%

10Y(CAGR)

BMAR

N/A

SPUU

+24.07%

Max(CAGR)

BMAR

+12.86%

Winner

SPUU

+21.41%

BMAR vs SPUU - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	BMAR	SPUU
2026	+7.41%	+13.69%
2025	+15.17%	+27.32%
2024	+16.81%	+46.08%
2023	+23.22%	+48.60%
2022	-7.17%	-39.31%
2021	+17.09%	+65.73%
2020	+10.88%	+19.70%
2019	N/A	+64.87%
2018	N/A	-15.82%
2017	N/A	+43.41%
2016	N/A	+25.28%
2015	N/A	-1.08%
2014	N/A	+12.35%

BMAR vs SPUU Drawdown Comparison

The maximum drawdown for BMAR was -21.43%, occurring on Mar 23, 2020. Recovery took 63 trading sessions.

The maximum drawdown for SPUU was -59.35%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.

The current BMAR drawdown is -1.31%. The current SPUU drawdown is -5.88%.

Rank	BMAR	SPUU
#1	-21.43% Mar 4, 2020 - Jun 3, 2020	-59.35% Feb 19, 2020 - Sep 2, 2020
#2	-15.02% Mar 29, 2022 - May 18, 2023	-46.59% Dec 29, 2021 - Feb 22, 2024
#3	-12.86% Feb 19, 2025 - Jun 6, 2025	-36.11% Sep 21, 2018 - Jun 20, 2019
#4	-6.81% Jul 28, 2023 - Nov 14, 2023	-35.18% Feb 19, 2025 - Jul 3, 2025
#5	-5.64% Feb 27, 2026 - Apr 13, 2026	-26.42% May 21, 2015 - Jul 11, 2016
#6	-5.48% Jul 16, 2024 - Aug 21, 2024	-20.78% Jan 26, 2018 - Aug 27, 2018
#7	-4.88% Jun 8, 2020 - Jul 15, 2020	-18.66% Sep 2, 2020 - Nov 16, 2020
#8	-4.85% Jan 4, 2022 - Mar 18, 2022	-18.19% Jan 12, 2026 - Apr 15, 2026
#9	-3.75% Oct 12, 2020 - Nov 5, 2020	-16.82% Jul 16, 2024 - Sep 19, 2024
#10	-3.67% Mar 28, 2024 - May 10, 2024	-14.36% Sep 18, 2014 - Oct 31, 2014
#11	-3.54% Sep 2, 2020 - Oct 9, 2020	-11.81% Jul 26, 2019 - Oct 28, 2019
#12	-2.95% Aug 30, 2024 - Sep 19, 2024	-10.80% Mar 28, 2024 - May 15, 2024
#13	-2.53% May 7, 2021 - Jun 2, 2021	-10.22% Oct 29, 2025 - Dec 24, 2025
#14	-2.43% Mar 1, 2021 - Mar 10, 2021	-10.20% Sep 2, 2021 - Oct 21, 2021
#15	-2.36% Oct 28, 2025 - Nov 26, 2025	-9.48% Dec 3, 2014 - Dec 23, 2014