Which has more room to gain, BOCT or PMAR?

From their prices on Oct 2, 2026, BOCT can gain about 19.4% before its cap and PMAR about 4.5%, so BOCT has more room left this period.

Which resets first, BOCT or PMAR?

BOCT ends its outcome period on Sep 30, 2027 and PMAR on Feb 28, 2027. A new cap is set the day after each.

Which is cheaper, BOCT or PMAR?

BOCT charges 0.79% a year and PMAR charges 0.79%, so BOCT is cheaper. Fees come from each fund's prospectus.

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BOCT vs PMAR: which one stands where?

As of Oct 2, 2026 PMAR can fall 7.4% before its buffer engages and BOCT 0.7%, and PMAR resets 214 days sooner. Innovator U.S. Equity Buffer ETF - Oct and Innovator U.S. Equity Power Buffer ETF - Mar.

their one-year returns differ by 2.7 points; PMAR is 2.6 times larger.

	BOCT	PMAR
Expense ratio	0.79%	0.79%
Net assets	$292m	$748m
Total return, 1 year	+14.3%	+11.6%
What it tracks	SPY	SPY
Holdings in common	not published

0.7%

BOCT can fall this far before its buffer

7.4%

PMAR can fall this far before its buffer

19.4%

BOCT can still gain

4.5%

PMAR can still gain

BOCTBetween buffer and cap

BOCT: reference +0.9% since period start, fund +0.7%; buffer 0 to −9; cap +20.2%; Between buffer and cap.

PMARBetween buffer and cap

PMAR: reference +12.2% since period start, fund +7.4%; buffer 0 to −15; cap +12.8%; Between buffer and cap.

ETFIQ Downside Cover Score · PMAR scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

BOCT 16.5

PMAR 61.7

0.2, the lowest in this set99.8, the highest

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 →

They do not reset together. PMAR has 149 days of its period left and BOCT has 363, so the two are not the same bet on the same months.

Both are Innovator funds, so the difference between them is the terms rather than the house.

Where each one stands today

PMAR resets first, on Feb 28, 2027, 149 days from now; BOCT runs to Sep 30, 2027, 363 days. BOCT can still gain 19.4% before its cap, PMAR 4.5%. A fall from here reaches BOCT’s buffer after 0.7% and PMAR’s after 7.4%. 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	BOCT	PMAR	BOCT	PMAR
3 months	+4.6%	+2.7%	+1.0 pts	−0.8 pts
6 months	+14.8%	+9.3%	−3.2 pts	−8.7 pts
1 year	+14.3%	+11.6%	−1.9 pts	−4.6 pts
3 years	+58.1%	+47.6%	−31.2 pts	−41.6 pts

BOCT and PMAR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BOCT

Innovator U.S. Equity Buffer ETF - Oct · Absorbs the first 9% of loss on SPY and caps the gain at 20.2%, over a period ending Sep 30, 2027

PMAR

Innovator U.S. Equity Power Buffer ETF - Mar · Absorbs the first 15% of loss on SPY and caps the gain at 12.8%, over a period ending Feb 28, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 9% 15%

Outcome period Sep 30, 2026 to Sep 30, 2027 Feb 28, 2026 to Feb 28, 2027

Days left 363 149

Starting cap +20.2% +12.8%

Can still gain 19.4% 4.5%

Fall before buffer 0.7% 7.4%

Protection left, index points 9.0% of 9.0% 15.0% of 15.0%

Index return this period +0.9% +12.2%

Fund return this period +0.7% +7.4%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $292m $748m

BOCT and PMAR on the same fields, as of Oct 2, 2026. Source: ETFIQ.

BOCT in plain words

From its price on Oct 2, 2026, the fund can gain about 19.4% more before it reaches its cap. The fund's price can fall 0.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.9% 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. 363 days remained on Oct 2, 2026. On Sep 30, 2027 the period ends and a new cap is set.

PMAR in plain words

From its price on Oct 2, 2026, the fund can gain about 4.5% more before it reaches its cap. The fund's price can fall 7.4% 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: 15.0% of the 15.0% 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.

Questions people ask

Which has more room to gain, BOCT or PMAR?: From their prices on Oct 2, 2026, BOCT can gain about 19.4% before its cap and PMAR about 4.5%, so BOCT has more room left this period.
Which resets first, BOCT or PMAR?: BOCT ends its outcome period on Sep 30, 2027 and PMAR on Feb 28, 2027. A new cap is set the day after each.
Which is cheaper, BOCT or PMAR?: BOCT charges 0.79% a year and PMAR charges 0.79%, so BOCT is cheaper. Fees come from each fund's prospectus.

Other comparisons

BOCT vs SIXO BOCT vs TOCT BOCT vs UAPR BOCT vs UJAN PMAR vs DFEB PMAR vs DLFE PMAR vs FEBM PMAR vs FFEB

SPY →BOCT on its own →PMAR on its own →How every figure is computed →Standards and sources →

Where these figures came from

BOCT and PMAR filings on SEC EDGAR ↗Innovator page for BOCT ↗Innovator page for PMAR ↗

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.

Cite this page

ETFIQ, BOCT against PMAR, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/boct-vs-pmar

Open data

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.