- ISIN
- US45784N4034
- Issuer
- Innovator
- Inception Date
- Mar 13, 2025
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $17M
Share Price Chart
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Performance
SPUT Performance Chart
Innovator Equity Premium Income Daily PutWrite ETF (SPUT) is up 5.5% since the beginning of the year. SPUT is currently trading at $28 per share.
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Returns By Period
Innovator Equity Premium Income Daily PutWrite ETF (SPUT) has returned 5.47% so far this year and 16.41% over the past 12 months.
Innovator Equity Premium Income Daily PutWrite ETF
- 1D
- -0.18%
- 1M
- -0.92%
- YTD
- 5.47%
- 6M
- 5.45%
- 1Y
- 16.41%
- 3Y*
- —
- 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%
SPUT Monthly Returns History
Based on dividend-adjusted daily data since Mar 14, 2025, SPUT's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.
Historically, 69% of months were positive and 31% were negative. The best month was Apr 2026 with a return of +5.7%, while the worst month was Apr 2025 at -1.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SPUT closed higher 60% of trading days. The best single day was Apr 9, 2025 with a return of +4.7%, while the worst single day was Apr 4, 2025 at -6.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.07% | 0.39% | -1.85% | 5.68% | 3.06% | -1.66% | 5.47% | ||||||
| 2025 | -0.29% | -1.89% | 4.11% | 3.25% | 1.58% | 1.14% | 2.43% | 1.25% | 0.83% | 0.46% | 13.49% |
Benchmark Metrics
Innovator Equity Premium Income Daily PutWrite ETF has an annualized alpha of -0.07%, beta of 0.59, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since March 14, 2025.
- This ETF participated in 57.46% of S&P 500 Index downside but only 53.32% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.59 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
- -0.07%
- Beta
- 0.59
- R²
- 0.83
- Upside Capture
- 53.32%
- Downside Capture
- 57.46%
Expense Ratio
SPUT has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPUT ranks 75 for risk / return — better than 75% 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 Equity Premium Income Daily PutWrite ETF (SPUT) 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.
| SPUT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 2.78 | +1.54 |
| Martin ratioReturn relative to average drawdown | 16.78 | 12.44 | +4.34 |
Dividends
Dividend History
Innovator Equity Premium Income Daily PutWrite ETF provided a 5.11% dividend yield over the last twelve months, with an annual payout of $1.44 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.44 | $1.27 |
Dividend yield | 5.11% | 4.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Innovator Equity Premium Income Daily PutWrite ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.08 | $0.15 | $0.16 | $0.11 | $0.07 | $0.00 | $0.57 | ||||||
| 2025 | $0.06 | $0.20 | $0.15 | $0.11 | $0.13 | $0.11 | $0.13 | $0.13 | $0.16 | $0.11 | $1.27 |
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 Equity Premium Income Daily PutWrite 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 Equity Premium Income Daily PutWrite ETF was 10.55%, occurring on Apr 4, 2025. Recovery took 28 trading sessions.
The current Innovator Equity Premium Income Daily PutWrite ETF drawdown is 2.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -10.55%Apr 2025 | 9d | 1mo 11d | 1mo 20dMar 2025 - May 2025 |
2026 pullback2026 | -3.81%Mar 2026 | 2mo 6d | 24d | 3moJan 2026 - Apr 2026 |
2026 pullback2026 | -3.46%Jun 2026 | 7d | — | 20d 19hJun 2026 - now |
2025 pullback2025 | -2.21%Nov 2025 | 7d | 8d | 15dNov 2025 - Nov 2025 |
2025 pullback2025 | -2.06%Oct 2025 | 1d | 14d | 15dOct 2025 - Oct 2025 |
Drawdown Indicators
| SPUT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.55% | -56.78% | +46.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -9.10% | +5.29% |
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 | -2.00% | -1.80% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -10.71% | +9.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.03% | -1.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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