PMAR vs FEM

Comparison between Innovator U.S. Equity Power Buffer ETF - March (PMAR, ETF) and FIRST TRUST EMERGING MARKETS ALPHADEX FUND (FEM, ETF).

5-Year PerformancePMAR has outperformed FEM, delivering a return of +9.3% compared to +6.8%

PMAR vs FEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMAR(ETF)	FEM(ETF)
Net Assets	$767M	$765M
Expense Ratio	0.79%	0.80%
Max Drawdown	17.18%	49.78%
Sharpe Ratio	1.79	1.54
5Y Beta	0.48	0.66
5Y Dividends CAGR	N/A	4.66%

Net Assets

Winner

PMAR

$767M

FEM

$765M

Expense Ratio

Winner

PMAR

0.79%

FEM

0.80%

Max Drawdown

Winner

PMAR

17.18%

FEM

49.78%

Sharpe Ratio

Winner

PMAR

1.79

FEM

1.54

5Y Beta

Winner

PMAR

0.48

FEM

0.66

5Y Dividends CAGR

PMAR

N/A

FEM

4.66%

PMAR vs FEM - Historical Returns

Returns include dividend reinvestment.

Period	PMAR	FEM
1 month	+0.57%	-2.98%
3 months	+5.58%	+7.59%
6 months	+6.38%	+19.67%
1 year	+14.10%	+34.51%
5 years(CAGR)	+9.31%	+6.84%
10 years(CAGR)	N/A	+9.74%
Max(CAGR)	+9.63%	+3.88%

Winner

PMAR

+0.57%

FEM

-2.98%

PMAR

+5.58%

Winner

FEM

+7.59%

PMAR

+6.38%

Winner

FEM

+19.67%

PMAR

+14.10%

Winner

FEM

+34.51%

5Y(CAGR)

Winner

PMAR

+9.31%

FEM

+6.84%

10Y(CAGR)

PMAR

N/A

FEM

+9.74%

Max(CAGR)

Winner

PMAR

+9.63%

FEM

+3.88%

PMAR vs FEM - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	PMAR	FEM
2026	+5.60%	+15.66%
2025	+12.03%	+28.57%
2024	+12.87%	+3.92%
2023	+16.22%	+10.62%
2022	-2.88%	-15.44%
2021	+11.17%	+5.51%
2020	+6.64%	-3.18%
2019	N/A	+20.62%
2018	N/A	-16.98%
2017	N/A	+39.11%
2016	N/A	+18.71%
2015	N/A	-13.48%
2014	N/A	-8.74%
2013	N/A	-5.37%
2012	N/A	+18.21%
2011	N/A	-23.58%

PMAR vs FEM Drawdown Comparison

The maximum drawdown for PMAR was -17.18%, occurring on Mar 20, 2020. Recovery took 63 trading sessions.

The maximum drawdown for FEM was -46.21%, occurring on Mar 18, 2020. Recovery took 825 trading sessions.

The current PMAR drawdown is -0.65%. The current FEM drawdown is -4.70%.

Rank	PMAR	FEM
#1	-17.18% Mar 4, 2020 - Jun 3, 2020	-46.21% Jan 26, 2018 - May 7, 2021
#2	-10.84% Mar 29, 2022 - May 17, 2023	-41.78% Apr 27, 2011 - Aug 24, 2017
#3	-9.32% Feb 28, 2025 - May 13, 2025	-31.71% Sep 13, 2021 - May 17, 2024
#4	-4.38% Jul 16, 2024 - Aug 19, 2024	-18.82% May 17, 2024 - Jun 11, 2025
#5	-4.29% Sep 14, 2023 - Nov 10, 2023	-9.31% Feb 25, 2026 - Apr 9, 2026
#6	-4.11% Feb 27, 2026 - Apr 9, 2026	-8.61% Jun 2, 2021 - Sep 7, 2021
#7	-3.72% Jun 8, 2020 - Jul 15, 2020	-7.62% May 11, 2026 - Jun 10, 2026
#8	-2.88% Apr 1, 2024 - May 9, 2024	-7.06% Oct 5, 2017 - Jan 2, 2018
#9	-2.64% Mar 2, 2022 - Mar 17, 2022	-4.85% Nov 12, 2025 - Dec 23, 2025
#10	-2.32% Oct 12, 2020 - Nov 5, 2020	-4.67% Sep 20, 2017 - Oct 5, 2017
#11	-2.14% Aug 30, 2024 - Sep 19, 2024	-4.66% Jan 28, 2026 - Feb 11, 2026
#12	-1.91% Aug 28, 2020 - Oct 9, 2020	-4.53% Sep 22, 2025 - Nov 3, 2025
#13	-1.77% Jan 3, 2022 - Feb 25, 2022	-4.32% May 7, 2021 - Jun 1, 2021
#14	-1.74% Jul 31, 2023 - Aug 31, 2023	-3.00% Jun 12, 2025 - Jun 26, 2025
#15	-1.74% May 7, 2021 - Jun 4, 2021	-2.79% Jul 24, 2025 - Aug 6, 2025