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BUFBInnovator Laddered Allocation Buffer ETF

Grow my money4y track recordRanked #1,655 of 2,993 in this goal

Seeks investment results that generally correspond to the performance of the MerQube U.S. Large Cap Equity Buffer Laddered Index.

By Innovator ETFs · Launched 2022

Annual Cost

0.89%

#4,666 of 5,853 · expensive

Fund Size

$314M

#1,938 of 5,853 · large

Return (1Y)Goal

+14.5%

Track Record

4 years

#2,545 of 5,853 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,478+14.8%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

MerQube US Large Cap Equity Buffer Laddered Index

What it actually holds

By weight

Concentration

Top 10 holdings = 83.6% of fundconcentrated

Innovator U.S. Equity Buffer E
8.4%
Innovator U.S. Equity Buffer E
8.4%
Innovator U.S. Equity Buffer E
8.4%
Innovator U.S. Equity Buffer E
8.4%
Innovator U.S. Equity Buffer E
8.4%
Innovator U.S. Equity Buffer E
8.3%
Innovator U.S. Equity Buffer E
8.3%
Innovator U.S. Equity Buffer E
8.3%
Innovator U.S. Equity Buffer E
8.3%
Innovator U.S. Equity Buffer E
8.3%

Asset allocation

Stocks
96.1%
Cash
3.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.9%Low

Year-on-year price swings

Max drawdown
-14.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
1.00Decent risk-adjusted returns
Sortino (3Y)
1.48Good downside protection

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks investment results that generally correspond to the performance of the MerQube U.S. Large Cap Equity Buffer Laddered Index.
Strategy
Invests at least 80% of net assets in ETFs that comprise the MerQube U.S. Large Cap Equity Buffer Laddered Index, using an indexing investment approach. The Fund concentrates its investments in the U.S. Large Cap ETF to achieve investment results that correspond to the Index's performance.
Inception date
February 8, 2022
Fund family
Innovator ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

You can build this cheaper yourself

Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.

Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)

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 2026-08-02