Innovator U.S. Equity Ultra Buffer ETF - September (USEP)
USEP is a passive ETF by Innovator tracking the investment results of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect September Series Index. USEP launched on Sep 3, 2019 and has a 0.79% expense ratio.
ETF Info
| Issuer | Innovator |
|---|---|
| Inception Date | Sep 3, 2019 |
| Region | North America (U.S.) |
| Category | Volatility Hedged Equity |
| Leveraged | 1x |
| Index Tracked | Cboe S&P 500 30% (-5% to -35%) Buffer Protect September Series Index |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
USEP features an expense ratio of 0.79%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Innovator U.S. Equity Ultra Buffer ETF - September, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Innovator U.S. Equity Ultra Buffer ETF - September had a return of 10.77% year-to-date (YTD) and 18.72% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.77% | 20.45% |
| 1 month | 1.48% | 2.13% |
| 6 months | 5.30% | 9.35% |
| 1 year | 18.72% | 34.41% |
| 5 years (annualized) | 7.15% | 14.21% |
| 10 years (annualized) | N/A | 11.28% |
Monthly Returns
The table below presents the monthly returns of USEP, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.20% | 2.45% | 1.46% | -1.09% | 2.55% | 1.08% | 0.69% | 0.56% | 10.77% | ||||
| 2023 | 3.30% | -1.47% | 2.33% | 1.19% | 0.52% | 4.78% | 1.80% | 0.69% | -2.56% | -1.13% | 5.32% | 2.74% | 18.62% |
| 2022 | -1.70% | -0.96% | 1.55% | -4.29% | -0.02% | -2.45% | 0.84% | -0.59% | -4.26% | 3.38% | 2.72% | -2.17% | -7.99% |
| 2021 | -0.81% | 1.01% | 1.63% | 0.89% | 0.45% | 0.36% | 0.29% | 0.16% | -1.48% | 2.33% | -0.62% | 1.46% | 5.73% |
| 2020 | 0.06% | -0.81% | -6.60% | 5.15% | 1.79% | 0.84% | 2.28% | 1.50% | -1.11% | -0.96% | 4.01% | 1.23% | 7.12% |
| 2019 | 0.76% | 0.89% | 1.15% | 0.76% | 3.60% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of USEP is 96, placing it in the top 4% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - September (USEP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Innovator U.S. Equity Ultra Buffer ETF - September granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Innovator U.S. Equity Ultra Buffer ETF - September. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.16 | $0.00 | $0.16 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator U.S. Equity Ultra Buffer ETF - September. 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 - September was 13.37%, occurring on Mar 23, 2020. Recovery took 78 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.37% | Feb 13, 2020 | 27 | Mar 23, 2020 | 78 | Jul 14, 2020 | 105 |
| -11.84% | Jan 5, 2022 | 196 | Oct 14, 2022 | 165 | Jun 13, 2023 | 361 |
| -4.64% | Sep 5, 2023 | 39 | Oct 27, 2023 | 12 | Nov 14, 2023 | 51 |
| -3.12% | Sep 3, 2020 | 14 | Sep 23, 2020 | 31 | Nov 5, 2020 | 45 |
| -2.43% | Aug 1, 2023 | 14 | Aug 18, 2023 | 7 | Aug 29, 2023 | 21 |
Volatility
Volatility Chart
The current Innovator U.S. Equity Ultra Buffer ETF - September volatility is 1.83%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.