Innovator Nasdaq-100 Managed 10 Buffer ETF (NBFR) 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 NBFR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NBFR
NBFR charges 0.79% annually. There are 94 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 | NBFR vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | NBFR vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | NBFR vs APRB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | NBFR vs JANB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | NBFR vs FBUF |
Best Risk-Adjusted Alternatives to NBFR
Among 249 ETFs in the Defined Outcome category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | NBFR vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 21.00M | Apr 2025 | NBFR vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | NBFR vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | NBFR vs ZAPR | |
| Calamos Russell 2000 Structured Alt Protection ETF... | 98 | 13.20M | Apr 2025 | NBFR vs CPRA |
Top Performing NBFR Alternatives (YTD)
Among 288 ETFs in the Defined Outcome category with YTD return data, the top-performing alternatives shown here go as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | NBFR vs NVDO | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 13.84% | 2.87M | Jun 2025 | NBFR vs QB | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.73% | — | Jan 2025 | NBFR vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.09% | 214.27M | Mar 2020 | NBFR vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 11.91% | 566.25M | Mar 2021 | NBFR vs QMAR |
Lowest Volatility Alternatives to NBFR
NBFR has 16.83% 1-year volatility. There are 295 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.18% | — | Mar 2025 | NBFR vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.33% | — | Apr 2025 | NBFR vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.40% | — | Apr 2025 | NBFR vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.40% | 21.00M | Apr 2025 | NBFR vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.44% | — | Mar 2025 | NBFR vs MMAX |
Lowest Drawdown Alternatives to NBFR
Among 250 ETFs in the Defined Outcome category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | NBFR vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 21.00M | Apr 2025 | NBFR vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | NBFR vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | NBFR vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | NBFR vs CPSM |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, BUFF, SFLR and span 5 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 | 2.78% | 2.72B | Jun 2021 | NBFR vs BALT | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 6.26% | 917.81M | Oct 2016 | NBFR vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 50 | 4.20% | 2.11B | Nov 2022 | NBFR vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 42 | 11.39% | 202.53M | Jul 2018 | NBFR vs LOUP | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 12.47% | 22.69M | Apr 2021 | NBFR vs XTAP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 84 | 6.02% | 1.43B | Jan 2019 | NBFR vs PJAN | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.91% | 403.09M | Mar 2019 | NBFR vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 87 | 5.43% | 1.23B | Aug 2018 | NBFR vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 40 | 1.93% | 524.31M | Jan 2024 | NBFR vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 82 | 6.44% | 957.53M | Sep 2018 | NBFR vs POCT |
Often Compared With NBFR
Investors most often compare NBFR with UXJL, PQAP, TMAR. These 9 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | Defined Outcome | 56 | 10.27% | — | Jul 2025 | NBFR vs UXJL | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | Defined Outcome, Nasdaq-100 | 96 | 11.16% | 26.30M | Dec 2024 | NBFR vs PQAP | |
| FT Vest Emerging Markets Buffer ETF - March | Defined Outcome | 83 | 11.80% | — | Mar 2025 | NBFR vs TMAR | |
| Invesco QQQ ETF | Nasdaq-100 | 49 | 12.26% | 452.80B | Mar 1999 | NBFR vs QQQ | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jan... | Defined Outcome | 58 | 10.18% | — | Jan 2025 | NBFR vs UXJA | |
| CapForce IBD 50 ETF | Mid Cap Growth Equities | 18 | 6.26% | 89.40M | Apr 2015 | NBFR vs FFTY | |
| Innovator U.S. Small Cap Power Buffer ETF - March | Defined Outcome | 93 | 11.80% | — | Feb 2025 | NBFR vs KMAR | |
| Innovator U.S. Equity Power Buffer ETF - April | Defined Outcome | 98 | 8.59% | 947.78M | Apr 2019 | NBFR vs PAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | Defined Outcome | 98 | 9.28% | 131.22M | Mar 2021 | NBFR vs XBAP |
Compare NBFR with Any Fund or Stock
Compare NBFR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NBFR with funds that move differently
Innovator Nasdaq-100 Managed 10 Buffer ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NBFR.
Explore NBFR Diversifiers