Innovator U.S. Equity Ultra Buffer ETF - February (UFEB) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with UFEB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UFEB
UFEB charges 0.79% annually. There are 89 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | UFEB vs JANB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | UFEB vs JULB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | UFEB vs OCTB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | UFEB vs APRB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | UFEB vs FBUF |
Best Risk-Adjusted Alternatives to UFEB
UFEB has a PortfoliosLab risk / return rank of 86. There are 102 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | UFEB vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | UFEB vs MMAX | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | UFEB vs APXM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | UFEB vs CPSP | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | UFEB vs PMMY |
Top Performing UFEB Alternatives (YTD)
UFEB is at 5.10% YTD. There are 145 ETFs in the Defined Outcome category with higher YTD returns, going as high as 20.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 20.98% | — | Aug 2025 | UFEB vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 13.87% | — | Mar 2025 | UFEB vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.03% | 557.94M | Mar 2021 | UFEB vs QMAR | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 12.29% | — | Jul 2025 | UFEB vs UXJL | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 12.25% | — | Jan 2025 | UFEB vs KFEB |
Lowest Volatility Alternatives to UFEB
UFEB has 5.39% 1-year volatility. There are 109 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.01% | — | Apr 2025 | UFEB vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | UFEB vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | UFEB vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | UFEB vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.41% | 18.90M | Apr 2025 | UFEB vs CPSP |
Lowest Drawdown Alternatives to UFEB
UFEB has a 1-year max drawdown of -3.90%. There are 101 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | -0.27% | — | Apr 2025 | UFEB vs APXM | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | UFEB vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | UFEB vs PMAP | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | UFEB vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | UFEB vs CPSP |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 5 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 93 | 2.03% | 2.46B | Jun 2021 | UFEB vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 32 | 21.49% | 89.40M | Apr 2015 | UFEB vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 88 | 5.58% | 869.87M | Oct 2016 | UFEB vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 67 | 6.20% | 2.00B | Nov 2022 | UFEB vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 73 | 29.15% | 219.47M | Jul 2018 | UFEB vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 81 | 5.32% | 1.52B | Jan 2019 | UFEB vs PJAN | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 96 | 10.98% | 401.85M | Mar 2019 | UFEB vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 88 | 4.63% | 1.00B | Aug 2018 | UFEB vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 74 | 6.83% | 527.81M | Jan 2024 | UFEB vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 77 | 5.56% | 1.02B | Sep 2018 | UFEB vs POCT |
Often Compared With UFEB
Investors most often compare UFEB with JEPI, UAPR, AIOO. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare UFEB with Any Fund or Stock
Compare UFEB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UFEB with funds that move differently
Innovator U.S. Equity Ultra Buffer ETF - February alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UFEB.
Explore UFEB Diversifiers