- ISIN
- US45783G1022
- CUSIP
- 45783Y814
- Issuer
- Innovator
- Inception Date
- Oct 20, 2016
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- Refinitiv Laddered Power Buffer Strategy Index
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $870M
Share Price Chart
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Performance
BUFF Performance Chart
Innovator Laddered Allocation Power Buffer ETF (BUFF) is up 5.4% since the beginning of the year. BUFF is currently trading at $53 per share. Investors who bought $1,000 worth of BUFF shares 5 years ago would now be looking at an investment worth $1,513.
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Returns By Period
Innovator Laddered Allocation Power Buffer ETF (BUFF) has returned 5.42% so far this year and 14.44% over the past 12 months.
Innovator Laddered Allocation Power Buffer ETF
- 1D
- -0.06%
- 1M
- 0.38%
- YTD
- 5.42%
- 6M
- 5.44%
- 1Y
- 14.44%
- 3Y*
- 12.10%
- 5Y*
- 8.63%
- 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%
BUFF Monthly Returns History
Based on dividend-adjusted daily data since Oct 20, 2016, BUFF's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2016 with a return of +12.7%, while the worst month was Mar 2020 at -25.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BUFF closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +13.7%, while the worst single day was Mar 16, 2020 at -14.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.90% | 0.10% | -1.89% | 4.63% | 1.76% | -0.10% | 5.42% | ||||||
| 2025 | 1.56% | -0.20% | -3.14% | -0.18% | 3.75% | 2.93% | 1.32% | 1.11% | 1.47% | 0.64% | 0.79% | 0.61% | 11.02% |
| 2024 | 0.95% | 2.00% | 1.14% | -0.91% | 2.41% | 1.22% | 0.79% | 1.09% | 1.01% | 0.02% | 2.31% | -0.53% | 12.05% |
| 2023 | 3.23% | -0.87% | 2.05% | 0.89% | 0.38% | 4.18% | 1.82% | -0.34% | -2.50% | -1.40% | 6.01% | 2.24% | 16.51% |
| 2022 | -1.39% | -0.99% | 1.96% | -4.60% | 0.32% | -3.49% | 4.53% | -1.50% | -4.61% | 4.95% | 3.05% | -2.16% | -4.44% |
| 2021 | -0.53% | 1.26% | 1.95% | 0.97% | 0.39% | 0.82% | 0.40% | 0.57% | -0.86% | 2.06% | -0.54% | 1.64% | 8.37% |
Benchmark Metrics
Innovator Laddered Allocation Power Buffer ETF has an annualized alpha of -1.29%, beta of 0.77, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since October 20, 2016.
- This ETF participated in 66.00% of S&P 500 Index downside but only 57.15% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.29%
- Beta
- 0.77
- R²
- 0.63
- Upside Capture
- 57.15%
- Downside Capture
- 66.00%
Expense Ratio
BUFF has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BUFF ranks 89 for risk / return — in the top 89% 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 Laddered Allocation Power Buffer ETF (BUFF) 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.
| BUFF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.37 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 2.78 | +1.26 |
| Martin ratioReturn relative to average drawdown | 21.13 | 12.44 | +8.69 |
Dividends
Dividend History
Innovator Laddered Allocation Power Buffer ETF 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 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.49 | $0.52 | $0.50 | $0.05 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.78% | 1.26% | 1.74% | 1.55% | 0.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Innovator Laddered Allocation Power Buffer ETF. 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 Laddered Allocation Power Buffer 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 Laddered Allocation Power Buffer ETF was 46.23%, occurring on Mar 23, 2020. Recovery took 925 trading sessions.
The current Innovator Laddered Allocation Power Buffer ETF drawdown is 0.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -46.23%Mar 2020 | 2mo 2d | 3y 8mo | 3y 10moJan 2020 - Nov 2023 |
Rate-hike selloffLate 2018 | -16.19%Dec 2018 | 11mo 4d | 3mo 12d | 1y 2moJan 2018 - Apr 2019 |
2025 selloff2025 | -10.24%Apr 2025 | 1mo 17d | 1mo 29d | 3mo 16dFeb 2025 - Jun 2025 |
2026 pullback2026 | -3.58%Mar 2026 | 1mo 2d | 10d | 1mo 12dFeb 2026 - Apr 2026 |
2019 pullback2019 | -3.55%Aug 2019 | 25d | 14d | 1mo 9dJul 2019 - Aug 2019 |
Drawdown Indicators
| BUFF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.23% | -56.78% | +10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.58% | -9.10% | +5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -10.24% | -18.90% | +8.66% |
Max Drawdown (5Y)Largest decline over 5 years | -10.24% | -25.43% | +15.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.27% | -1.80% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -10.71% | +4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 2.03% | -1.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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