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Innovator U.S. Small Cap Managed 10 Buffer ETF (KBFR) Diversifiers

ETF · Currency in USD · Last updated Jul 17, 2026

The Innovator U.S. Small Cap Managed 10 Buffer ETF (KBFR) is an actively managed defined-outcome fund that provides U.S. small-cap equity exposure while seeking a rolling 10% downside buffer over one-year periods. It uses a laddered FLEX options strategy to cushion a portion of losses in exchange for a cap on upside participation.

Looking to diversify beyond KBFR? The ETFs below have the lowest correlation with KBFR — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from KBFR.

Best Diversifiers for KBFR

0 ETFs have low correlation with KBFR (below 0.3), 0 of which are negatively correlated. The least correlated is FT Vest U.S. Equity Max Buffer ETF - April (APXM) (Defined Outcome) with a 1Y correlation of 0.57, roughly unchanged from 0.57 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
APXM
FT Vest U.S. Equity Max Buffer ETF - April0.570.570.57
98
Defined OutcomeKBFR vs APXM
PJAN
Innovator U.S. Equity Power Buffer ETF - January0.680.680.68
83
Defined OutcomeKBFR vs PJAN

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Diversification Analysis

Build a portfolio that complements KBFR

Add KBFR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with KBFR