- Issuer
- Innovator
- Inception Date
- Jan 31, 2020
- Region
- North America (U.S.)
- Category
- Options Trading, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- Cboe S&P 500 Buffer Protect Index February Series
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $254M
Highlights
- Avg. Volume (1M)
- 10K
- Avg. Volume Value (1M)
- $510.60K
Share Price Chart
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Performance
BFEB Performance Chart
Innovator S&P 500 Buffer ETF - February (BFEB) is up 8.8% since the beginning of the year. BFEB is currently trading at $53 per share. Investors who bought $1,000 worth of BFEB shares 5 years ago would now be looking at an investment worth $1,717.
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Returns By Period
Innovator S&P 500 Buffer ETF - February (BFEB) has returned 8.84% so far this year and 17.87% over the past 12 months.
Innovator S&P 500 Buffer ETF - February
- 1D
- 0.62%
- 1M
- 0.74%
- 6M
- 6.53%
- YTD
- 8.84%
- 1Y
- 17.87%
- 3Y*
- 14.97%
- 5Y*
- 11.42%
- 10Y*
- —
- ALL TIME*
- 11.82%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
BFEB Monthly Returns History
Based on dividend-adjusted daily data since Feb 3, 2020, BFEB's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2020 with a return of +9.1%, while the worst month was Feb 2020 at -10.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BFEB closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +7.2%, while the worst single day was Mar 16, 2020 at -8.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.17% | -0.56% | -3.52% | 7.52% | 2.75% | -0.11% | 0.61% | 8.84% | |||||
| 2025 | 1.04% | -0.85% | -3.76% | -0.58% | 4.51% | 3.47% | 1.72% | 1.58% | 2.41% | 1.27% | 0.67% | 1.03% | 12.99% |
| 2024 | 2.29% | 2.99% | 1.79% | -1.92% | 3.40% | 2.02% | 0.76% | 1.57% | 0.88% | 0.17% | 2.23% | 0.23% | 17.58% |
| 2023 | 6.05% | -1.91% | 2.70% | 1.31% | 0.48% | 4.95% | 2.05% | -0.64% | -3.85% | -1.66% | 7.65% | 3.86% | 22.35% |
| 2022 | 0.28% | -2.14% | 2.73% | -6.54% | 0.60% | -5.84% | 6.62% | -2.51% | -6.30% | 6.07% | 4.02% | -2.79% | -6.76% |
| 2021 | 1.32% | 1.84% | 3.49% | 2.84% | 1.14% | 1.38% | 0.72% | 1.15% | -1.30% | 2.63% | -0.27% | 1.87% | 18.05% |
Benchmark Metrics
Innovator S&P 500 Buffer ETF - February has an annualized alpha of 2.21%, beta of 0.66, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since February 03, 2020.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (64.50%) than losses (64.05%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.21% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.66 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.21%
- Beta
- 0.66
- R²
- 0.92
- Upside Capture
- 64.50%
- Downside Capture
- 64.05%
Expense Ratio
BFEB has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BFEB ranks 82 for risk / return — above 82% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Innovator S&P 500 Buffer ETF - February (BFEB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BFEB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.00 | +0.60 |
| Martin ratioReturn relative to average drawdown | 12.80 | 8.49 | +4.31 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator S&P 500 Buffer ETF - February. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator S&P 500 Buffer ETF - February was 27.20%, occurring on Mar 23, 2020. Recovery took 108 trading sessions.
The current Innovator S&P 500 Buffer ETF - February drawdown is 0.18%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-27.20%Mar 2020 | 1mo 19d | 5mo 5d | 6mo 24dFeb 2020 - Aug 2020 | COVID crash2020 |
-14.84%Oct 2022 | 6mo 18d | 7mo 20d | 1y 2moMar 2022 - Jun 2023 | Bear market2022 |
-13.82%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-7.47%Oct 2023 | 2mo 28d | 24d | 3mo 22dJul 2023 - Nov 2023 | — |
-6.54%Mar 2022 | 1mo 2d | 15d | 1mo 17dFeb 2022 - Mar 2022 | Bear market2022 |
Drawdown Indicators
| BFEB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.20% | -56.78% | +29.58% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -9.10% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -13.82% | -18.90% | +5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -14.84% | -25.43% | +10.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.58% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -10.70% | +7.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.14% | -0.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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