- Issuer
- Innovator
- Inception Date
- Aug 30, 2019
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 Index
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $215M
Share Price Chart
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Performance
BSEP Performance Chart
Innovator U.S. Equity Buffer ETF - September (BSEP) is up 6.8% since the beginning of the year. BSEP is currently trading at $53 per share. Investors who bought $1,000 worth of BSEP shares 5 years ago would now be looking at an investment worth $1,657.
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Returns By Period
Innovator U.S. Equity Buffer ETF - September (BSEP) has returned 6.76% so far this year and 20.04% over the past 12 months.
Innovator U.S. Equity Buffer ETF - September
- 1D
- -0.09%
- 1M
- 0.70%
- YTD
- 6.76%
- 6M
- 6.55%
- 1Y
- 20.04%
- 3Y*
- 15.97%
- 5Y*
- 10.63%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BSEP Monthly Returns History
Based on dividend-adjusted daily data since Sep 3, 2019, BSEP's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +8.1%, while the worst month was Mar 2020 at -8.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BSEP closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +6.9%, while the worst single day was Mar 16, 2020 at -8.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.99% | -0.18% | -3.16% | 6.75% | 2.36% | 0.08% | 6.76% | ||||||
| 2025 | 1.84% | -0.60% | -3.81% | -0.45% | 4.61% | 3.81% | 1.90% | 2.38% | 2.47% | 0.92% | 0.50% | 0.57% | 14.80% |
| 2024 | 1.39% | 3.60% | 1.96% | -2.09% | 3.70% | 1.98% | 0.79% | 1.34% | 1.39% | -0.45% | 3.74% | -1.38% | 16.96% |
| 2023 | 4.91% | -1.67% | 2.65% | 1.09% | 0.16% | 5.94% | 2.90% | -1.75% | -3.36% | -1.60% | 7.10% | 3.41% | 20.94% |
| 2022 | -3.28% | -2.04% | 3.11% | -6.32% | 0.77% | -4.98% | 6.97% | -1.60% | -7.14% | 5.91% | 4.49% | -4.20% | -9.20% |
| 2021 | -0.93% | 2.14% | 3.36% | 2.35% | 0.90% | 1.10% | 0.53% | 0.72% | -3.04% | 4.58% | -0.58% | 2.85% | 14.64% |
Benchmark Metrics
Innovator U.S. Equity Buffer ETF - September has an annualized alpha of 2.26%, beta of 0.65, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since September 03, 2019.
- This ETF participated in 66.34% of S&P 500 Index downside but only 66.12% of its upside - more exposed to losses than it benefited from rallies.
- This ETF generated an annualized alpha of 2.26% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.65 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
- 2.26%
- Beta
- 0.65
- R²
- 0.92
- Upside Capture
- 66.12%
- Downside Capture
- 66.34%
Expense Ratio
BSEP has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BSEP ranks 83 for risk / return — in the top 83% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - September (BSEP) 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.
| BSEP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 2.78 | +0.75 |
| Martin ratioReturn relative to average drawdown | 17.51 | 12.44 | +5.07 |
Dividends
Dividend History
Innovator U.S. Equity Buffer ETF - September provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Innovator U.S. Equity Buffer ETF - September. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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 U.S. Equity Buffer ETF - September. 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 U.S. Equity Buffer ETF - September was 23.98%, occurring on Mar 23, 2020. Recovery took 82 trading sessions.
The current Innovator U.S. Equity Buffer ETF - September drawdown is 0.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -23.98%Mar 2020 | 1mo 2d | 3mo 29d | 5mo 1dFeb 2020 - Jul 2020 |
Bear market2022 | -15.02%Jun 2022 | 5mo 12d | 12mo 1d | 1y 5moJan 2022 - Jun 2023 |
2025 selloff2025 | -13.36%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 |
2023 pullback2023 | -7.95%Oct 2023 | 2mo 27d | 1mo 4d | 4mo 1dAug 2023 - Nov 2023 |
2020 pullback2020 | -6.35%Sep 2020 | 20d | 1mo 17d | 2mo 7dSep 2020 - Nov 2020 |
Drawdown Indicators
| BSEP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.98% | -56.78% | +32.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -9.10% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.36% | -18.90% | +5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -25.43% | +10.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.80% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -10.71% | +7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.03% | -0.88% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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