UMAR vs IALT

Comparison between Innovator U.S. Equity Ultra Buffer ETF - March (UMAR, ETF) and iShares Systematic Alternatives Active ETF (IALT, ETF).

UMAR vs IALT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UMAR(ETF)	IALT(ETF)
Net Assets	$211M	$210M
Expense Ratio	0.79%	0.99%
Max Drawdown	11.08%	1.47%
Sharpe Ratio	1.85	2.82
5Y Beta	0.40	0.27

Net Assets

Winner

UMAR

$211M

IALT

$210M

Expense Ratio

Winner

UMAR

0.79%

IALT

0.99%

Max Drawdown

UMAR

11.08%

Winner

IALT

1.47%

Sharpe Ratio

UMAR

1.85

Winner

IALT

2.82

5Y Beta

UMAR

0.40

Winner

IALT

0.27

UMAR vs IALT - Historical Returns

Returns include dividend reinvestment.

Period	UMAR	IALT
1 month	+0.55%	+0.86%
3 months	+3.32%	+6.71%
6 months	+5.53%	+12.66%
1 year	+13.66%	N/A
5 years(CAGR)	+7.62%	N/A
Max(CAGR)	+7.65%	+27.88%

UMAR

+0.55%

Winner

IALT

+0.86%

UMAR

+3.32%

Winner

IALT

+6.71%

UMAR

+5.53%

Winner

IALT

+12.66%

UMAR

+13.66%

IALT

N/A

5Y(CAGR)

UMAR

+7.62%

IALT

N/A

Max(CAGR)

UMAR

+7.65%

Winner

IALT

+27.88%

UMAR vs IALT - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	UMAR	IALT
2026	+4.78%	+11.53%
2025	+11.95%	+0.73%
2024	+12.99%	N/A
2023	+12.52%	N/A
2022	-5.42%	N/A
2021	+7.50%	N/A
2020	+5.16%	N/A

UMAR vs IALT Drawdown Comparison

The maximum drawdown for UMAR was -11.08%, occurring on Mar 23, 2020. Recovery took 63 trading sessions.

The maximum drawdown for IALT was -1.47%, occurring on Apr 14, 2026. Recovery took 10 trading sessions.

The current UMAR drawdown is -0.92%. The current IALT drawdown is -1.22%.

Rank	UMAR	IALT
#1	-11.08% Mar 4, 2020 - Jun 3, 2020	-1.47% Apr 10, 2026 - Apr 24, 2026
#2	-8.72% Mar 29, 2022 - Jul 31, 2023	-1.28% Feb 3, 2026 - Feb 6, 2026
#3	-7.41% Feb 28, 2025 - May 15, 2025	-1.22% Jun 2, 2026 - Jun 5, 2026
#4	-4.29% Sep 14, 2023 - Nov 10, 2023	-1.12% Mar 10, 2026 - Mar 17, 2026
#5	-4.27% Jul 16, 2024 - Aug 19, 2024	-0.81% Jan 14, 2026 - Jan 27, 2026
#6	-3.61% Feb 27, 2026 - Apr 13, 2026	-0.79% May 18, 2026 - Jun 1, 2026
#7	-2.97% Mar 28, 2024 - May 14, 2024	-0.76% Feb 10, 2026 - Feb 20, 2026
#8	-2.44% Jun 5, 2020 - Jul 16, 2020	-0.74% Jan 29, 2026 - Feb 3, 2026
#9	-2.20% Aug 30, 2024 - Sep 16, 2024	-0.61% Mar 2, 2026 - Mar 4, 2026
#10	-2.07% Mar 2, 2022 - Mar 18, 2022	-0.61% May 13, 2026 - May 18, 2026
#11	-1.88% Sep 2, 2020 - Oct 12, 2020	-0.60% Mar 25, 2026 - Mar 31, 2026
#12	-1.86% Oct 12, 2020 - Nov 5, 2020	-0.57% Apr 27, 2026 - Apr 30, 2026
#13	-1.58% Jul 31, 2023 - Aug 31, 2023	-0.54% Dec 10, 2025 - Dec 19, 2025
#14	-1.51% Nov 11, 2025 - Nov 26, 2025	-0.46% May 1, 2026 - May 11, 2026
#15	-1.31% Mar 1, 2021 - Mar 11, 2021	-0.45% Dec 24, 2025 - Jan 5, 2026