UMARvsSPYETF Comparison
VS
Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) belongs to the Options Strategies segment. State Street SPDR S&P 500 ETF Trust (SPY) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. UMAR is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.0945% for SPY. UMAR is up 3.55% year-to-date (YTD) with +$86M in YTD flows. SPY performs better with 5.03% YTD performance, and -$15.98B in YTD flows. Run a side-by-side ETF comparison of UMAR and SPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
UMAR vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UMAR SPY | +4.18%+9.35% | +2.75%+3.38% | +3.55%+5.03% | +17.32%+32.12% | +43.08%+79.90% | +43.37%+83.17% |
| Flows | UMAR SPY | +$73M+$18.80B | +$90M-$1.28B | +$86M-$15.98B | +$57M-$13.62B | +$92M+$50.15B | +$130M+$72.63B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UMAR SPY | +6.75%+15.22% | +5.28%+12.45% | +6.76%+14.95% | +6.92%+16.92% |
| Max drawdown | UMAR SPY | -3.74%-8.89% | -3.74%-8.89% | -7.40%-18.74% | -8.87%-24.50% |
| Max drawdown duration | UMAR SPY | 40d76d | 40d76d | 73d126d | 483d708d |
Trading data
UMAR | SPY | |
Last sale 4/27/2026 at 1:30 PM | $41.35 | $715.17 |
| Previous close 04/24/2026 | $41.39 | $713.94 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
UMAR
is actively managed and doesn’t replicate an indexUMAR | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
UMAR | SPY | |
|---|---|---|
| Last price | $41.35 | $715.17 |
| 1D performance | -0.10% | +0.17% |
| AuM | $209.95 M | $729.23 B |
| E/R | 0.79% | 0.0945% |
Characteristics
UMAR | SPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Innovator | State Street Investment Management |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 478 | 478 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 2, 2020 | January 22, 1993 |
| ESG | No | No |
Advertisement
Exposure
Countries
UMAR
USA
91.26%
Other
8.74%
SPY
USA
96.95%
Other
3.05%
Sectors
UMAR
Information Techn.
31.98%
Financials
9.67%
Communication Ser.
9.65%
Consumer Discreti.
9.44%
Health Care
8.79%
Industrials
7.85%
Other
22.62%
SPY
Information Techn.
33.93%
Financials
10.39%
Communication Ser.
10.23%
Consumer Discreti.
10.01%
Health Care
9.32%
Industrials
8.33%
Other
17.78%
Advertisement
Diversification
UMAR
Total weight of top 15 holdings out of 15
40%
SPY
Total weight of top 15 holdings out of 15
42.5%
Top 15 holdings
Data as of March 31, 2026
UMAR
NVIDIA
7.15%
APPLE
6.28%
MICROSOFT-T
4.63%
AMAZON.COM INC
3.43%
ALPHABET INC-CL
2.82%
BROADCOM LIMITED
2.47%
ALPHABET INC-CL
2.26%
META PLATFORMS
2.11%
TESLA
1.76%
BERKSHIRE HATHWAY
1.48%
JPMORGAN CHASE
1.26%
LILLY
1.23%
EXXON
1.20%
JOHNSON&JOHNSON
0.99%
WALMART INC
0.92%
SPY
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.91%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.42%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about UMAR and SPY
How have the UMAR and SPY ETFs performed in 2026?
As of April 24, 2026, UMAR is up 3.55% year-to-date (YTD), while SPY has returned 5.03%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: UMAR or SPY?
Year-to-date, the UMAR ETF saw +$86M in flows, compared to -$15.98B for SPY.
Which ETF is more volatile: UMAR or SPY?
Over the past year, UMAR had a volatility of 5.28%, while SPY experienced 12.45%.
Which ETF is bigger: UMAR or SPY?
As of April 24, 2026, UMAR holds $209.95 M in assets under management (AUM), while SPY manages $729.23 B.
What sectors do the UMAR and SPY ETFs invest in?
UMAR leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, SPY focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the UMAR ETF and SPY ETF?
UMAR top holdings include NVIDIA, APPLE and MICROSOFT-T. SPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: UMAR or SPY?
UMAR holds 503 securities with 40% of its assets in the top 15. SPY has 502 securities and a top 15 weight of 42.5%.
Advertisement
Latest news about UMAR & SPY
MoneyShow Chart of the Day 1/21/2026: The "Sell America" Trade is Back. Will it Stick?
January 21, 2026
SPY
MoneyShow Chart of the Day 11/12/2025: With the Shutdown Behind Us, Will the Bulls Take Over?
November 12, 2025
SPY
MoneyShow Chart of the Day 11/06/2025: How Worried Should You REALLY be About this Chart?
November 6, 2025
SPY
MoneyShow Chart of the Day 10/29/2025: Yes, this Bull IS Still Young!
October 29, 2025
SPY
Advertisement
Advertisement
