- ISIN
- US45784N3044
- CUSIP
- 45784N304
- Issuer
- Innovator
- Inception Date
- Aug 30, 2024
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
KSEP Performance Chart
Innovator U.S. Small Cap Power Buffer ETF - September (KSEP) is up 9.1% since the beginning of the year. KSEP is currently trading at $30 per share.
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Returns By Period
Innovator U.S. Small Cap Power Buffer ETF - September (KSEP) has returned 9.07% so far this year and 20.96% over the past 12 months.
Innovator U.S. Small Cap Power Buffer ETF - September
- 1D
- 0.13%
- 1M
- 2.05%
- YTD
- 9.07%
- 6M
- 9.02%
- 1Y
- 20.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
KSEP Monthly Returns History
Based on dividend-adjusted daily data since Sep 3, 2024, KSEP's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 73% of months were positive and 27% were negative. The best month was Apr 2026 with a return of +5.7%, while the worst month was Dec 2024 at -3.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, KSEP closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +5.2%, while the worst single day was Apr 3, 2025 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.80% | 0.38% | -2.00% | 5.69% | 2.00% | 0.05% | 9.07% | ||||||
| 2025 | 1.80% | -2.90% | -3.18% | -1.16% | 2.61% | 2.53% | 0.43% | 4.82% | 1.78% | 0.71% | 0.91% | 0.15% | 8.54% |
| 2024 | 2.33% | -0.58% | 5.10% | -3.59% | 3.08% |
Benchmark Metrics
Innovator U.S. Small Cap Power Buffer ETF - September has an annualized alpha of 0.16%, beta of 0.61, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since September 04, 2024.
- This ETF participated in 76.01% of S&P 500 Index downside but only 61.46% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.61 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
- 0.16%
- Beta
- 0.61
- R²
- 0.74
- Upside Capture
- 61.46%
- Downside Capture
- 76.01%
Expense Ratio
KSEP has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KSEP ranks 73 for risk / return — better than 73% 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 U.S. Small Cap Power Buffer ETF - September (KSEP) and compare them to S&P 500 Index.
| KSEP | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | 2.24 | -0.07 |
Sortino ratioReturn per unit of downside risk | 3.28 | 3.07 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 4.64 | 2.93 | +1.72 |
Martin ratioReturn relative to average drawdown | 16.81 | 13.52 | +3.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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 U.S. Small Cap Power 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. Small Cap Power Buffer ETF - September was 14.92%, occurring on Apr 8, 2025. Recovery took 94 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -14.92%Apr 2025 | 4mo 13d | 4mo 16d | 8mo 29dNov 2024 - Aug 2025 |
2026 pullback2026 | -4.75%Mar 2026 | 2mo 6d | 10d | 2mo 16dJan 2026 - Apr 2026 |
2025 pullback2025 | -4.31%Nov 2025 | 23d | 13d | 1mo 6dOct 2025 - Dec 2025 |
2024 pullback2024 | -2.32%Nov 2024 | 3d | 10d | 13dNov 2024 - Nov 2024 |
2024 pullback2024 | -1.83%Oct 2024 | 14d | 6d | 20dOct 2024 - Nov 2024 |
Drawdown Indicators
| KSEP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.92% | -56.78% | +41.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -9.10% | +4.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
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 | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -10.72% | +8.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 1.97% | -0.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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