NMAR Innovator Growth-100 Power Buffer ETF - Mar
Absorbs the first 15% of loss on QQQ and caps the gain at 15.9%, over a period ending Feb 28, 2027
As of Sep 11, 2026, NMAR has reached its cap.
Key facts
ETFIQ Downside Cover Score
50.3146th of 293
NMAR absorbs 56% of the next 20% fall in what it tracks. Its reference has already passed the cap, so there is no upside left to take.
If the market falls into a bear market from here, how much does the buffer absorb?
That is the share of the 293 buffer ETFs with a live outcome period sitting at or below NMAR. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.
Period by period
| Window | Total return | QQQ | Gap to QQQ |
|---|---|---|---|
| 3 months | +2.3% | −0.8% | +3.1 pts |
| 6 months | +10.3% | +20.7% | −10.4 pts |
| 1 year | +14.8% | +23.0% | −8.2 pts |
In plain words
The fund's own price can still drift up to about 5.7% as the period runs out. The fund's price can fall 8.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, QQQ can fall 15.1% 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 QQQ level. 170 days remained on Sep 11, 2026. On Feb 28, 2027 the period ends and a new cap is set.
| Reference index | QQQ |
|---|---|
| Buffer | 15% |
| Outcome period | Feb 28, 2026 to Feb 28, 2027 |
| Starting cap | +15.9% |
| QQQ return since period start | +17.7% |
| Fund return since period start | +9.2% |
| Net assets (issuer page, as of Sep 11, 2026) | $93m |
| Band state today (ETFIQ) | At cap |
| Can still gain (issuer, fund price) | 5.7% |
| Fall before buffer (issuer, fund price) | 8.8% |
| Fall to the buffer in index terms (ETFIQ) | 15.1% |
| Protection left in index points (ETFIQ) | 15.0% of 15.0% |
| Days left in period | 170 |
| Expense ratio (issuer page, Sep 11, 2026) | 0.79% |
Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page. How these figures are computed
Questions people ask
- How much can NMAR still gain?
- Nothing more in index terms on Sep 11, 2026. QQQ has already passed the cap of +15.9% for this period, which runs from Feb 28, 2026 to Feb 28, 2027.
- How far can NMAR fall before the buffer helps?
- 8.8% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms QQQ can fall 15.1% from that level before the buffer begins. Losses until that point are the holder's.
- How much of the NMAR buffer is left?
- 15.0% of the 15.0% buffer sat below the QQQ level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
- When does NMAR reset?
- The outcome period ends on Feb 28, 2027, 170 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.
- What does NMAR cost?
- The prospectus expense ratio is 0.79% a year.
The words on this page
- Buffer
- The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
- Cap
- The most the fund can return over the period, however far the index rises. It is the price paid for the buffer.
- Outcome period
- The window the buffer and cap apply over, usually a year. Both are set at the start and only hold if you are there for the whole of it.
- Reset
- The day one outcome period ends and the next begins, with a fresh buffer and a fresh cap struck at that day’s level.
- Protection left
- The part of the buffer still below today’s index level. A buffer bought mid-period is not the full buffer; this is what is left of it.
Every term used here, defined in full on the buffer ETFs vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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Cite this page. ETFIQ, NMAR, buffer ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/nmar Free to use with attribution; the underlying files are at Open data.