Innovator U.S. Equity Buffer ETF - February

Price: $31.60
Change: $0.22 (0.01%)
Last Updated:


Issuer Innovator
Brand Innovator
Structure ETF
Expense Ratio 0.79%
ETF Home Page Home page
Inception Feb 03, 2020

Analyst Report


Download the FactSet Analyst Insight Report here.

ETF Database Themes

Asset Class Volatility
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

  • Segment Equity: U.S. - Large Cap
  • Category Size and Style
  • Focus Large Cap
  • Niche Broad-based
  • Strategy Options Collar
  • Weighting Scheme Fixed

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $26.75
  • 52 Week Hi $31.86
  • AUM $63.0 M
  • Shares 2.0 M

Historical Trading Data

  • 1 Month Avg. Volume 22,829
  • 3 Month Avg. Volume 13,412


The Innovator S&P 500 Buffer ETF seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), up to a predetermined cap, while buffering investors against the first 9% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

Alternative ETFs in the ETF Database Volatility Hedged Equity Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest LGLV 0.12% $612.2 M 24,229 22.01%
Largest (AUM) SPLV 0.25% $8.2 B 4 M 16.86%
Most Liquid (Volume) SPLV 0.25% $8.2 B 4 M 16.86%
Top YTD Performer XSLV 0.25% $1.2 B 86,402 25.70%

Alternative ETFs in the FactSet Equity: U.S. - Large Cap Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKLC 0.00% $397.8 M 16,325 22.73%
Largest (AUM) SPY 0.09% $412.1 B 77 M 23.91%
Most Liquid (Volume) SPY 0.09% $412.1 B 77 M 23.91%
Top YTD Performer ALTL 0.60% $240.7 M 56,482 40.94%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

BFEB ETF Database Category Average FactSet Segment Average
Number of Holdings 2 41 144
% of Assets in Top 10 100.00% 77.98% 53.97%
% of Assets in Top 15 100.00% 80.49% 58.14%
% of Assets in Top 50 100.00% 91.35% 74.67%

Size Comparison

BFEB ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 18.42% 50.61%
Mid (>2.7B) N/A 6.33% 3.81%
Small (>600M) N/A 2.90% 0.07%
Micro (<600M) N/A 0.26% 0.00%

BFEB Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

BFEB Dividend

This section compares the dividend yield of this ETF to its peers.

BFEB ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.09 $ 0.16
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 0.30 $ 0.54
Annual Dividend Yield N/A 0.71% 0.88%

BFEB Price and Volume Charts

View charts featuring BFEB price and volume data.

BFEB Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -1.57 M 1 Month Net Flows: -14.97 M 3 Month Net Flows: -24.45 M 6 Month Net Flows: -24.42 M 1 Year Net Flows: 13.4 M 3 Year Net Flows: 49.11 M 5 Year Net Flows: 49.11 M 10 Year Net Flows: 49.11 M

BFEB Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for BFEB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Volatility Hedged Equity with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a

A+ Overall Rated ETF:

BFEB Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

BFEB does not have an ESG score. There are no ESG themes that map to this ETF.

BFEB Performance

This section shows how this ETF has performed relative to its peers.

BFEB ETF Database
Category Average
Factset Segment
1 Month Return -0.81% -1.15% -1.82%
3 Month Return 1.11% 0.30% 0.48%
YTD Return 16.18% 9.81% 13.11%
1 Year Return 17.32% 10.76% 13.41%
3 Year Return N/A 10.78% 23.51%
5 Year Return N/A 12.71% 25.83%

Geographic Exposure

The following charts reflect the geographic spread of BFEB's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of BFEB's underlying holdings.

BFEB Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
25 of 86

20 Day Volatility
59 of 86

50 Day Volatility
57 of 86

200 Day Volatility
49 of 85

34 of 86

Standard Deviation
21 of 80


  • 20 Day MA $31.70
  • 60 Day MA $31.41
  • MACD 15 Period -0.08
  • MACD 100 Period 0.36
  • Williams % Range 10 Day 52.43
  • Williams % Range 20 Day 52.43
  • RSI 10 Day 49
  • RSI 20 Day 51
  • RSI 30 Day 53
  • Ultimate Oscillator 42

Bollinger Bands

  • Lower Bollinger (10 Day) $31.34
  • Upper Bollinger (10 Day) $31.90
  • Lower Bollinger (20 Day) $31.44
  • Upper Bollinger (20 Day) $31.96
  • Lower Bollinger (30 Day) $31.46
  • Upper Bollinger (30 Day) $31.92

Support & Resistance

  • Support Level 1 $31.57
  • Support Level 2 $31.54
  • Resistance Level 1 $31.62
  • Resistance Level 2 $31.64


  • Stochastic Oscillator %D (1 Day) 56.10
  • Stochastic Oscillator %D (5 Day) 39.72
  • Stochastic Oscillator %K (1 Day) 48.46
  • Stochastic Oscillator %K (5 Day) 34.80


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.00
  • Maximum Premium Discount (%) 0.76
  • Average Spread (%) 10.99
  • Average Spread ($) 10.99

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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