PMAR vs SEPP
Innovator US Equity Power Buffer ETF - March vs PGIM S&P 500 Buffer 12 ETF - September
Which is better, PMAR or SEPP?
Nearly the same fund. SEPP costs less.
SEPP has a lower expense ratio. PMAR led over 1Y, SEPP over the full window. The two have moved almost in lockstep, correlation 0.96.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PMAR | SEPP |
|---|---|---|
| Expense Ratio | 0.79% | 0.50%Best |
| AUM | $751M | $33M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 14 |
| YTD Return | +9.25%Best | +8.86% |
| 1Y Return | +12.02%Best | +11.86% |
| 3Y Return (annualized) | +13.17% | - |
| 5Y Return (annualized) | +9.63% | - |
| Volatility (annualized) | 5.2%Best | 6.3% |
| Max Drawdown | -9.3%Best | -11.8% |
| $10,000 over 2.4 years | $13,176 | $13,250Best |
| Fund Family | Innovator ETFs Trust | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Mar 2, 2020 | May 15, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 15, 2024 to Oct 14, 2026 (2.4 years).
PMAR vs SEPP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
PMAR vs SEPP Performance
Innovator US Equity Power Buffer ETF - March (PMAR) is an ETF from Innovator ETFs Trust and PGIM S&P 500 Buffer 12 ETF - September (SEPP) is an ETF from PGIM Investments. Over the past year PMAR returned +12.02% while SEPP returned +11.86%. Year to date, PMAR is up 9.25% versus a gain of 8.86% for SEPP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SEPP has been the more volatile fund, with annualized monthly volatility of 6.3% compared with 5.2% for PMAR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.3% for PMAR and -11.8% for SEPP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PMAR charges 0.79% per year while SEPP charges 0.50%. On a $10,000 position that is $79 vs $50 annually, a gap of $29 per year that compounds over a long holding period. On income, PMAR currently yields 0.00% against 0.00% for SEPP.
You are not choosing between two funds in isolation.
Whichever of PMAR and SEPP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PMAR or SEPP?
PMAR has an expense ratio of 0.79% while SEPP charges 0.50%. SEPP is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, PMAR or SEPP?
Over the past year PMAR returned +12.02% vs +11.86% for SEPP, so PMAR leads on 1-year performance. Over the longest common window we track (2 years), PMAR annualized +12.18% vs +12.44% for SEPP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PMAR or SEPP?
SEPP has been the more volatile fund at 6.3% annualized versus 5.2% for PMAR. Worst drawdown: PMAR -9.3% vs SEPP -11.8%.
Should I hold both PMAR and SEPP?
PMAR and SEPP have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, PMAR or SEPP?
PMAR yields 0.00% while SEPP yields 0.00%, so SEPP currently pays the higher dividend yield.
Is SEPP better than PMAR?
SEPP has a lower expense ratio. PMAR led over 1Y, SEPP over the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.