- Issuer
- Innovator
- Inception Date
- Jan 31, 2020
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- Cboe S&P 500 30% (-5% to -35%) Buffer Protect February Series Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $238M
Highlights
- Avg. Volume (1M)
- 28K
- Avg. Volume Value (1M)
- $1.07M
Share Price Chart
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Performance
UFEB Performance Chart
Innovator U.S. Equity Ultra Buffer ETF - February (UFEB) is up 5.8% since the beginning of the year. UFEB is currently trading at $39 per share. Investors who bought $1,000 worth of UFEB shares 5 years ago would now be looking at an investment worth $1,414.
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Returns By Period
Innovator U.S. Equity Ultra Buffer ETF - February (UFEB) has returned 5.80% so far this year and 12.94% over the past 12 months.
Innovator U.S. Equity Ultra Buffer ETF - February
- 1D
- 0.37%
- 1M
- 0.78%
- 6M
- 4.51%
- YTD
- 5.80%
- 1Y
- 12.94%
- 3Y*
- 11.36%
- 5Y*
- 7.17%
- 10Y*
- —
- ALL TIME*
- 7.27%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
UFEB Monthly Returns History
Based on dividend-adjusted daily data since Feb 3, 2020, UFEB's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.
Historically, 72% of months were positive and 28% were negative. The best month was Nov 2023 with a return of +6.6%, while the worst month was Mar 2020 at -5.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, UFEB closed higher 56% of trading days. The best single day was Mar 13, 2020 with a return of +4.0%, while the worst single day was Mar 16, 2020 at -5.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.24% | -0.24% | -2.29% | 4.63% | 1.82% | -0.06% | 0.70% | 5.80% | |||||
| 2025 | 0.75% | -0.39% | -2.99% | -0.00% | 3.15% | 2.70% | 1.29% | 1.23% | 1.73% | 0.78% | 0.78% | 1.20% | 10.57% |
| 2024 | 0.78% | 2.42% | 1.27% | -1.46% | 2.70% | 1.60% | 0.74% | 1.29% | 0.71% | 0.23% | 1.64% | 0.36% | 12.93% |
| 2023 | 0.27% | -1.42% | 2.00% | 1.05% | 0.44% | 3.32% | 1.32% | -0.03% | -2.39% | -1.53% | 6.59% | 2.02% | 11.91% |
| 2022 | 0.32% | -1.21% | 1.19% | -3.76% | 0.12% | -3.49% | 3.11% | -1.58% | -2.08% | 1.59% | 0.50% | -0.48% | -5.85% |
| 2021 | 0.78% | 0.78% | 1.57% | 0.98% | 0.50% | 0.55% | 0.37% | 0.54% | -0.61% | 1.10% | 0.11% | 0.41% | 7.31% |
Benchmark Metrics
Innovator U.S. Equity Ultra Buffer ETF - February has an annualized alpha of 2.23%, beta of 0.34, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since February 03, 2020.
- This ETF participated in 34.27% of S&P 500 Index downside but only 33.76% of its upside - more exposed to losses than it benefited from rallies.
- This ETF generated an annualized alpha of 2.23% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.34 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
- 2.23%
- Beta
- 0.34
- R²
- 0.83
- Upside Capture
- 33.76%
- Downside Capture
- 34.27%
Expense Ratio
UFEB has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UFEB ranks 88 for risk / return — above 88% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - February (UFEB) 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.
| UFEB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.00 | +1.08 |
| Martin ratioReturn relative to average drawdown | 14.79 | 8.49 | +6.30 |
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 Ultra Buffer ETF - February. 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 Ultra Buffer ETF - February was 13.32%, occurring on Mar 20, 2020. Recovery took 94 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-13.32%Mar 2020 | 29d | 4mo 17d | 5mo 16dFeb 2020 - Aug 2020 | COVID crash2020 |
-9.02%Mar 2023 | 1y 1mo | 6mo 8d | 1y 7moFeb 2022 - Sep 2023 | — |
-8.69%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-5.34%Oct 2023 | 1mo 12d | 18d | 2moSep 2023 - Nov 2023 | — |
-3.90%Mar 2026 | 1mo 18d | 15d | 2mo 3dFeb 2026 - Apr 2026 | — |
Drawdown Indicators
| UFEB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.32% | -56.78% | +43.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -9.10% | +5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -8.69% | -18.90% | +10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -9.02% | -25.43% | +16.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -10.70% | +8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 2.14% | -1.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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