- Issuer
- Innovator
- Inception Date
- Jun 28, 2024
- Category
- Nasdaq-100, Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- Invesco QQQ Trust
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $158M
Share Price Chart
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Performance
QBUF Performance Chart
Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) is up 4.8% since the beginning of the year. QBUF is currently trading at $31 per share.
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Returns By Period
Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) has returned 4.75% so far this year and 11.65% over the past 12 months.
Innovator Nasdaq-100 10 Buffer ETF - Quarterly
- 1D
- 0.11%
- 1M
- 0.53%
- YTD
- 4.75%
- 6M
- 4.94%
- 1Y
- 11.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
QBUF Monthly Returns History
Based on dividend-adjusted daily data since Jul 1, 2024, QBUF's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 79% of months were positive and 21% were negative. The best month was Apr 2026 with a return of +4.1%, while the worst month was Mar 2026 at -0.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, QBUF closed higher 62% of trading days. The best single day was Apr 9, 2025 with a return of +5.4%, while the worst single day was Apr 4, 2025 at -3.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.74% | -0.39% | -0.70% | 4.09% | 0.84% | 0.15% | 4.75% | ||||||
| 2025 | 1.46% | -0.69% | -0.63% | 0.78% | 2.70% | 0.73% | 1.58% | 0.79% | 1.77% | 1.62% | 0.26% | 0.24% | 11.08% |
| 2024 | -0.38% | 0.81% | 1.21% | 0.16% | 2.54% | 1.44% | 5.90% |
Benchmark Metrics
Innovator Nasdaq-100 10 Buffer ETF - Quarterly has an annualized alpha of 3.36%, beta of 0.45, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since July 01, 2024.
- This ETF captured 35.79% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.94%) - a profile typical of hedging or uncorrelated assets.
- This ETF generated an annualized alpha of 3.36% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.45 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
- 3.36%
- Beta
- 0.45
- R²
- 0.80
- Upside Capture
- 35.79%
- Downside Capture
- -1.94%
Expense Ratio
QBUF has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QBUF ranks 84 for risk / return — in the top 84% 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 Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) 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.
| QBUF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.34 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.07 | 2.53 | +2.54 |
| Martin ratioReturn relative to average drawdown | 17.37 | 11.37 | +6.00 |
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 Nasdaq-100 10 Buffer ETF - Quarterly. 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 Nasdaq-100 10 Buffer ETF - Quarterly was 8.84%, occurring on Apr 8, 2025. Recovery took 24 trading sessions.
The current Innovator Nasdaq-100 10 Buffer ETF - Quarterly drawdown is 0.01%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -8.84%Apr 2025 | 1mo 16d | 1mo 5d | 2mo 21dFeb 2025 - May 2025 |
2024 pullback2024 | -5.62%Aug 2024 | 25d | 1mo 21d | 2mo 16dJul 2024 - Sep 2024 |
2025 pullback2025 | -2.31%Nov 2025 | 16d | 8d | 24dNov 2025 - Nov 2025 |
2026 pullback2026 | -2.09%Mar 2026 | 1mo 20d | 19d | 2mo 9dJan 2026 - Apr 2026 |
2025 pullback2025 | -1.53%Dec 2025 | 5d | 5d | 10dDec 2025 - Dec 2025 |
Drawdown Indicators
| QBUF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.84% | -56.78% | +47.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -9.10% | +6.79% |
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 | -0.01% | -2.34% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -0.81% | -10.72% | +9.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.02% | -1.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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