# UMAR (Innovator U.S. Equity Ultra Buffer ETF - Mar)

Innovator · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, UMAR sits between its buffer and its cap, with SPY up 11.4% since the period began.

## Key facts

- UMAR, can still gain: 5.1%, as of Sep 11, 2026.
- UMAR, fall before the buffer: 11.0%, as of Sep 11, 2026.
- UMAR, protection left, index points: 30.0%, as of Sep 11, 2026.
- UMAR, days to reset: 170, as of Sep 11, 2026.
- UMAR, net assets: $144m (issuer page, as of Sep 11, 2026).
- UMAR, expense ratio: 0.79% (issuer page, Sep 11, 2026).

## UMAR over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.6% | +3.3% | −0.7 pts |
| 6 months | +7.9% | +16.0% | −8.1 pts |
| 1 year | +11.1% | +17.5% | −6.4 pts |
| 3 years | +42.1% | +77.9% | −35.8 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 5% to 35% | ETFIQ |
| Outcome period | Feb 28, 2026 to Feb 28, 2027 | ETFIQ |
| Starting cap | +12.1% | ETFIQ |
| SPY return since period start | +11.4% | ETFIQ |
| Fund return since period start | +6.2% | ETFIQ |
| Net assets | $144m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 5.1% | issuer, fund price |
| Fall before buffer | 11.0% | issuer, fund price |
| Fall to the buffer in index terms | 14.7% | ETFIQ |
| Protection left in index points | 30.0% of 30.0% | ETFIQ |
| Days left in period | 170 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 11, 2026 |

## Questions

### How much can UMAR still gain?

About 5.1% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +12.1%.

### How far can UMAR fall before the buffer helps?

11.0% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 14.7% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the UMAR buffer is left?

30.0% of the 30.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does UMAR 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 UMAR cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

ETFIQ, UMAR, data as of Sep 11, 2026. https://etfiq.com/funds/umar
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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