- ISIN
- US45783Y7233
- CUSIP
- 45783Y723
- Issuer
- Innovator
- Inception Date
- Mar 7, 2022
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $132M
Share Price Chart
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Performance
PSTP Performance Chart
Innovator Power Buffer Step-Up Strategy ETF (PSTP) is up 3.8% since the beginning of the year. PSTP is currently trading at $37 per share.
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Returns By Period
Innovator Power Buffer Step-Up Strategy ETF (PSTP) has returned 3.77% so far this year and 12.18% over the past 12 months.
Innovator Power Buffer Step-Up Strategy ETF
- 1D
- -0.14%
- 1M
- 0.37%
- YTD
- 3.77%
- 6M
- 3.74%
- 1Y
- 12.18%
- 3Y*
- 10.79%
- 5Y*
- —
- 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%
PSTP Monthly Returns History
Based on dividend-adjusted daily data since Mar 8, 2022, PSTP's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +4.7%, while the worst month was Apr 2022 at -5.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PSTP closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +5.3%, while the worst single day was Apr 4, 2025 at -3.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.63% | -0.28% | -2.82% | 4.58% | 2.15% | -0.39% | 3.77% | ||||||
| 2025 | 1.54% | -0.46% | -2.99% | -0.27% | 3.70% | 2.76% | 1.29% | 1.32% | 1.55% | 0.72% | 0.27% | 0.63% | 10.36% |
| 2024 | 0.94% | 2.30% | 1.31% | -1.29% | 2.62% | 1.98% | 0.67% | 1.62% | 1.13% | -0.49% | 2.90% | -0.81% | 13.56% |
| 2023 | 3.97% | -1.35% | 2.00% | 0.94% | 0.61% | 3.54% | 1.32% | -0.89% | -2.79% | -1.12% | 4.66% | 2.25% | 13.64% |
| 2022 | 4.49% | -5.25% | 0.53% | -4.72% | 4.44% | -1.77% | -5.12% | 4.39% | 3.43% | -2.53% | -2.85% |
Benchmark Metrics
Innovator Power Buffer Step-Up Strategy ETF has an annualized alpha of 1.10%, beta of 0.52, and R2 of 0.95 versus S&P 500 Index. Calculated based on daily prices since March 08, 2022.
- This ETF participated in 53.92% of S&P 500 Index downside but only 48.68% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.52 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
- 1.10%
- Beta
- 0.52
- R²
- 0.95
- Upside Capture
- 48.68%
- Downside Capture
- 53.92%
Expense Ratio
PSTP has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PSTP ranks 58 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator Power Buffer Step-Up Strategy ETF (PSTP) 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.
| PSTP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.78 | -0.39 |
| Martin ratioReturn relative to average drawdown | 11.43 | 12.44 | -1.01 |
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 Power Buffer Step-Up Strategy ETF. 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 Power Buffer Step-Up Strategy ETF was 12.46%, occurring on Oct 12, 2022. Recovery took 167 trading sessions.
The current Innovator Power Buffer Step-Up Strategy ETF drawdown is 0.47%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -12.46%Oct 2022 | 6mo 16d | 8mo 4d | 1y 2moMar 2022 - Jun 2023 |
2025 selloff2025 | -10.38%Apr 2025 | 1mo 17d | 2mo 3d | 3mo 20dFeb 2025 - Jun 2025 |
2023 pullback2023 | -5.78%Oct 2023 | 2mo 28d | 1mo 15d | 4mo 13dJul 2023 - Dec 2023 |
2026 pullback2026 | -5.11%Mar 2026 | 1mo 18d | 18d | 2mo 6dFeb 2026 - Apr 2026 |
2024 pullback2024 | -4.29%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
Drawdown Indicators
| PSTP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.46% | -56.78% | +44.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -9.10% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -10.38% | -18.90% | +8.52% |
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 | -0.47% | -1.80% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -10.71% | +8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.03% | -0.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with PSTP
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