- Issuer
- Innovator
- Inception Date
- Aug 30, 2019
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 Index
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $848M
Share Price Chart
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Performance
PSEP Performance Chart
Innovator U.S. Equity Power Buffer ETF - September (PSEP) is up 5.1% since the beginning of the year. PSEP is currently trading at $46 per share. Investors who bought $1,000 worth of PSEP shares 5 years ago would now be looking at an investment worth $1,560.
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Returns By Period
Innovator U.S. Equity Power Buffer ETF - September (PSEP) has returned 5.06% so far this year and 14.82% over the past 12 months.
Innovator U.S. Equity Power Buffer ETF - September
- 1D
- -0.03%
- 1M
- 0.59%
- YTD
- 5.06%
- 6M
- 5.05%
- 1Y
- 14.82%
- 3Y*
- 12.68%
- 5Y*
- 9.30%
- 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%
PSEP Monthly Returns History
Based on dividend-adjusted daily data since Sep 3, 2019, PSEP's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +7.3%, while the worst month was Mar 2020 at -6.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PSEP closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +5.1%, while the worst single day was Mar 16, 2020 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.69% | -0.05% | -2.14% | 4.81% | 1.67% | 0.10% | 5.06% | ||||||
| 2025 | 1.60% | -0.33% | -2.96% | -0.29% | 3.79% | 2.87% | 1.61% | 1.64% | 1.70% | 0.58% | 0.53% | 0.66% | 11.85% |
| 2024 | 1.06% | 2.53% | 1.33% | -0.96% | 2.68% | 0.94% | 0.64% | 0.85% | 1.31% | -0.57% | 2.80% | -0.75% | 12.44% |
| 2023 | 4.23% | -1.51% | 2.16% | 1.08% | 0.45% | 5.01% | 2.57% | -0.69% | -2.76% | -1.02% | 5.58% | 2.67% | 18.84% |
| 2022 | -1.95% | -1.40% | 2.35% | -4.59% | 0.84% | -2.81% | 3.93% | 0.71% | -5.50% | 4.56% | 3.44% | -2.75% | -3.74% |
| 2021 | -0.79% | 1.12% | 2.61% | 1.37% | 0.53% | 0.61% | 0.24% | 0.41% | -2.06% | 3.13% | -0.52% | 1.96% | 8.85% |
Benchmark Metrics
Innovator U.S. Equity Power Buffer ETF - September has an annualized alpha of 2.35%, beta of 0.48, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since September 03, 2019.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (46.47%) than losses (46.07%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.35% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.48 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
- 2.35%
- Beta
- 0.48
- R²
- 0.90
- Upside Capture
- 46.47%
- Downside Capture
- 46.07%
Expense Ratio
PSEP has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PSEP ranks 85 for risk / return — in the top 85% 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 U.S. Equity Power Buffer ETF - September (PSEP) 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.
| PSEP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.37 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.78 | +0.86 |
| Martin ratioReturn relative to average drawdown | 19.25 | 12.44 | +6.81 |
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. Equity 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. Equity Power Buffer ETF - September was 17.90%, occurring on Mar 23, 2020. Recovery took 78 trading sessions.
The current Innovator U.S. Equity Power Buffer ETF - September drawdown is 0.15%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -17.90%Mar 2020 | 1mo 2d | 3mo 23d | 4mo 25dFeb 2020 - Jul 2020 |
2025 selloff2025 | -9.92%Apr 2025 | 1mo 17d | 1mo 29d | 3mo 16dFeb 2025 - Jun 2025 |
Bear market2022 | -9.80%Jun 2022 | 5mo 12d | 7mo 19d | 1y 26dJan 2022 - Jan 2023 |
2023 pullback2023 | -5.45%Oct 2023 | 2mo 27d | 21d | 3mo 18dAug 2023 - Nov 2023 |
2020 pullback2020 | -4.63%Sep 2020 | 20d | 1mo 13d | 2mo 3dSep 2020 - Nov 2020 |
Drawdown Indicators
| PSEP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -56.78% | +38.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -9.10% | +5.02% |
Max Drawdown (3Y)Largest decline over 3 years | -9.92% | -18.90% | +8.98% |
Max Drawdown (5Y)Largest decline over 5 years | -9.92% | -25.43% | +15.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.15% | -1.80% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -10.71% | +9.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 2.03% | -1.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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