Innovator International Developed Power Buffer ETF - September (ISEP) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ISEP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ISEP
ISEP charges 0.85% annually. There are 216 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | ISEP vs OCTB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | ISEP vs APRB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | ISEP vs JULB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | ISEP vs JANB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | ISEP vs FBUF |
Best Risk-Adjusted Alternatives to ISEP
ISEP has a PortfoliosLab risk / return rank of 63. There are 197 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | ISEP vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.50M | Apr 2025 | ISEP vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | ISEP vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | ISEP vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 131.30M | Mar 2021 | ISEP vs XBAP |
Top Performing ISEP Alternatives (YTD)
ISEP is at 6.71% YTD. There are 107 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | ISEP vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 14.25% | — | Jan 2025 | ISEP vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.49% | 214.71M | Mar 2020 | ISEP vs KAPR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 13.19% | 2.84M | Jun 2025 | ISEP vs QB | |
| Innovator U.S. Small Cap Power Buffer ETF - March | 12.40% | — | Feb 2025 | ISEP vs KMAR |
Lowest Volatility Alternatives to ISEP
ISEP has 8.68% 1-year volatility. There are 235 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | ISEP vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.26% | — | Apr 2025 | ISEP vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.33% | — | Apr 2025 | ISEP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.36% | 19.50M | Apr 2025 | ISEP vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.44% | — | Mar 2025 | ISEP vs MMAX |
Lowest Drawdown Alternatives to ISEP
ISEP has a 1-year max drawdown of -5.48%. There are 182 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | ISEP vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.50M | Apr 2025 | ISEP vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | ISEP vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | ISEP vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.50M | May 2024 | ISEP vs CPSM |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 6 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 96 | 2.69% | 2.68B | Jun 2021 | ISEP vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 21 | 10.86% | 89.40M | Apr 2015 | ISEP vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 6.14% | 895.35M | Oct 2016 | ISEP vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 51 | 4.63% | 2.10B | Nov 2022 | ISEP vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 50 | 17.39% | 204.74M | Jul 2018 | ISEP vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 84 | 5.85% | 1.46B | Jan 2019 | ISEP vs PJAN | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 11.97% | 22.71M | Apr 2021 | ISEP vs XTAP | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 87 | 5.41% | 1.18B | Aug 2018 | ISEP vs PJUL | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.50% | 403.44M | Mar 2019 | ISEP vs BAPR | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 50 | 4.11% | 527.12M | Jan 2024 | ISEP vs QFLR |
Often Compared With ISEP
Investors most often compare ISEP with USOY, TWOX, DBE. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare ISEP with Any Fund or Stock
Compare ISEP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ISEP with funds that move differently
Innovator International Developed Power Buffer ETF - September alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ISEP.
Explore ISEP Diversifiers