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 92 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | UFEB vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | UFEB vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | UFEB vs JULB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | UFEB vs JANB | |
| 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 88. There are 100 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 | 98 | — | Mar 2025 | UFEB vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | UFEB vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | UFEB vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | UFEB vs XBAP |
Top Performing UFEB Alternatives (YTD)
UFEB is at 5.69% YTD. There are 157 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | UFEB vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.70% | — | Jan 2025 | UFEB vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.15% | 214.51M | Mar 2020 | UFEB vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.87% | 568.10M | Mar 2021 | UFEB vs QMAR | |
| FT Vest Emerging Markets Buffer ETF - March | 12.87% | — | Mar 2025 | UFEB vs TMAR |
Lowest Volatility Alternatives to UFEB
UFEB has 5.44% 1-year volatility. There are 116 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | UFEB vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | UFEB vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.30% | — | Apr 2025 | UFEB vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | UFEB vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.41% | — | Mar 2025 | UFEB vs MMAX |
Lowest Drawdown Alternatives to UFEB
UFEB has a 1-year max drawdown of -3.90%. There are 112 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | UFEB vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | UFEB vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | UFEB vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | UFEB vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | UFEB vs CPSM |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 6 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 95 | 2.66% | 2.68B | Jun 2021 | UFEB vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 26 | 15.54% | 89.40M | Apr 2015 | UFEB vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 6.28% | 891.58M | Oct 2016 | UFEB vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 56 | 5.58% | 2.12B | Nov 2022 | UFEB vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 63 | 23.47% | 221.95M | Jul 2018 | UFEB vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 83 | 5.98% | 1.47B | Jan 2019 | UFEB vs PJAN | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 12.07% | 22.82M | Apr 2021 | UFEB vs XTAP | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.65% | 404.39M | Mar 2019 | UFEB vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 88 | 5.78% | 1.12B | Aug 2018 | UFEB vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 60 | 6.01% | 543.68M | Jan 2024 | UFEB vs QFLR |
Often Compared With UFEB
Investors most often compare UFEB with JEPI, UAPR, BUFP. 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