BSTPInnovator Buffer Step-Up Strategy ETF
By Innovator ETFs · Launched 2022
0.89%
#4,486 of 5,562 · expensive
$60M
#3,398 of 5,562 · mid-size
+16.1%
4 years
#2,633 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 5 holdings = 100.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Strategy
- Actively managed ETF providing risk-managed exposure to the Underlying ETF through FLEX Options with one-year expirations. Seeks to participate in returns of the Underlying ETF, subject to an upside limit and downside loss protection. The Sub-Adviser monitors and may reset the Options Portfolio to capture gains or protect capital based on market conditions. The Fund does not pursue a defined outcome strategy and will not provide a set level of investment outcomes over a stated time period.
- Inception date
- March 7, 2022
- Fund family
- Innovator ETFs
Similar ETFs
Closest matches by profileOur 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
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Data updated on 2026-06-19