- ISIN
- US45783Y7316
- Issuer
- Innovator
- Inception Date
- Mar 7, 2022
- Region
- North America (U.S.)
- Category
- Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $60M
Share Price Chart
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Performance
BSTP Performance Chart
Innovator Buffer Step-Up Strategy ETF (BSTP) is up 5.6% since the beginning of the year. BSTP is currently trading at $39 per share.
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Returns By Period
Innovator Buffer Step-Up Strategy ETF (BSTP) has returned 5.61% so far this year and 16.04% over the past 12 months.
Innovator Buffer Step-Up Strategy ETF
- 1D
- -0.19%
- 1M
- 0.25%
- YTD
- 5.61%
- 6M
- 5.46%
- 1Y
- 16.04%
- 3Y*
- 13.67%
- 5Y*
- —
- 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%
BSTP Monthly Returns History
Based on dividend-adjusted daily data since Mar 8, 2022, BSTP's average daily return is +0.04%, while the average monthly return is +0.89%. At this rate, an investment would double in approximately 6.5 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2026 with a return of +6.4%, while the worst month was Sep 2022 at -6.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BSTP closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +6.9%, while the worst single day was Apr 4, 2025 at -4.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.94% | -0.45% | -3.49% | 6.36% | 3.03% | -0.63% | 5.61% | ||||||
| 2025 | 2.23% | -0.80% | -3.95% | -0.28% | 4.05% | 2.91% | 1.51% | 1.50% | 2.20% | 1.24% | 0.19% | 0.64% | 11.80% |
| 2024 | 1.29% | 3.19% | 1.72% | -2.04% | 3.34% | 2.42% | 0.86% | 1.91% | 1.47% | -0.70% | 3.88% | -1.60% | 16.70% |
| 2023 | 4.85% | -1.83% | 2.45% | 1.32% | 0.61% | 4.62% | 2.26% | -0.97% | -3.74% | -1.53% | 6.28% | 2.99% | 18.14% |
| 2022 | 6.01% | -6.85% | 0.31% | -6.34% | 6.26% | -2.45% | -6.92% | 6.01% | 4.21% | -3.98% | -5.05% |
Benchmark Metrics
Innovator Buffer Step-Up Strategy ETF has an annualized alpha of 0.56%, beta of 0.69, and R2 of 0.98 versus S&P 500 Index. Calculated based on daily prices since March 08, 2022.
- This ETF participated in 71.85% of S&P 500 Index downside but only 65.65% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.69 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
- 0.56%
- Beta
- 0.69
- R²
- 0.98
- Upside Capture
- 65.65%
- Downside Capture
- 71.85%
Expense Ratio
BSTP has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BSTP ranks 61 for risk / return — better than 61% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator Buffer Step-Up Strategy ETF (BSTP) 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.
| BSTP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.78 | -0.20 |
| Martin ratioReturn relative to average drawdown | 12.35 | 12.44 | -0.09 |
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 Buffer Step-Up Strategy ETF. 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 Buffer Step-Up Strategy ETF was 16.69%, occurring on Oct 12, 2022. Recovery took 187 trading sessions.
The current Innovator Buffer Step-Up Strategy ETF drawdown is 0.75%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -16.69%Oct 2022 | 6mo 16d | 9mo 4d | 1y 3moMar 2022 - Jul 2023 |
2025 selloff2025 | -13.69%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 |
2023 pullback2023 | -7.46%Oct 2023 | 2mo 27d | 1mo 12d | 4mo 9dAug 2023 - Dec 2023 |
2026 pullback2026 | -6.23%Mar 2026 | 2mo | 16d | 2mo 16dJan 2026 - Apr 2026 |
2024 pullback2024 | -5.65%Aug 2024 | 19d | 18d | 1mo 7dJul 2024 - Aug 2024 |
Drawdown Indicators
| BSTP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.69% | -56.78% | +40.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -9.10% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -18.90% | +5.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.75% | -1.80% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -10.71% | +7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.03% | -0.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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