BMAR vs MARU: which one stands where?
As of Oct 2, 2026 BMAR can fall 9.2% before its buffer engages and MARU 8.8%, and MARU resets 2 days sooner. Innovator U.S. Equity Buffer ETF - Mar and AllianzIM U.S. Equity Buffer15 Uncapped ETF - Mar.
MARU costs 0.05 points a year less; their one-year returns differ by 5.0 points; BMAR is 5.8 times larger.
| BMAR | MARU | |
|---|---|---|
| Expense ratio | 0.79% | 0.74% |
| Net assets | $205m | $35m |
| Total return, 1 year | +15.0% | +10.0% |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
BMAR: reference +12.2% since period start, fund +9.5%; buffer 0 to −9; cap +17.0%; Between buffer and cap.
MARU: reference +12.2% since period start, fund +8.7%; buffer 0 to −15; no cap; No cap.
A percentile among the 294 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →
Where each one stands today
MARU resets first, on Feb 28, 2027, 147 days from now; BMAR runs to Feb 28, 2027, 149 days. A fall from here reaches BMAR’s buffer after 9.2% and MARU’s after 8.8%. Both track SPY, so what separates them is where each is in its own period.
Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.
Performance, window by window
| Total return | Gap to the reference | |||
|---|---|---|---|---|
| Window | BMAR | MARU | BMAR | MARU |
| 3 months | +3.3% | +2.1% | −0.3 pts | −1.4 pts |
| 6 months | +12.4% | +11.8% | −5.5 pts | −6.1 pts |
| 1 year | +15.0% | +10.0% | −1.2 pts | −6.2 pts |
| 3 years | +65.3% | not published | −23.9 pts | not published |
BMAR and MARU over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
BMAR and MARU on the same fields, as of Oct 2, 2026. Source: ETFIQ.
BMAR in plain words
From its price on Oct 2, 2026, the fund can gain about 6.3% more before it reaches its cap. The fund's price can fall 9.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 10.9% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 149 days remained on Oct 2, 2026. On Feb 28, 2027 the period ends and a new cap is set.
MARU in plain words
This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 8.8% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 147 days remained on Oct 2, 2026.
Questions people ask
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, BMAR against MARU, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/bmar-vs-maru
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, BMAR against MARU, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/bmar-vs-maru Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Other forms
- Plain
- ETFIQ, BMAR against MARU, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/bmar-vs-maru
- APA
- ETFIQ. (Oct 2, 2026). BMAR against MARU. Retrieved from https://etfiq.com/compare/buffer/bmar-vs-maru
- Markdown
- [BMAR against MARU (ETFIQ, Oct 2, 2026)](https://etfiq.com/compare/buffer/bmar-vs-maru)