BDECInnovator U.S. Equity Buffer ETF - December
The fund invests under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the SPDR ® S&P 500 ® ETF Trust (the “Underlying ETF”). The fund invests in FLEX Options on the Underlying ETF. FLEX Options are exchange-traded option contracts with uniquely customizable terms. It is non-diversified.
Innovator ETFs · Since 2019 (6 years)
0.79%
#3848 out of 5,332 ETFs
$231M
#2009 out of 5,332 ETFs
0.00%
6 years
#2048 out of 5,332 ETFs
Performance
1 Year
+24.4%
3 Years
+15.6%
5 Years
+9.7%
What's inside
Asset allocation
Risk profile
9.2%
Moderate
-25.6%
Worst peak-to-trough loss
1.11
Excellent risk-adjusted returns
1.65
Good downside protection
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05