QBUFInnovator Nasdaq-100 10 Buffer ETF - Quarterly
The fund invests at least 80% of its net assets in FLexible EXchange® Options that reference the Invesco QQQ TrustSM, Series 1. -null-. The fund is non-diversified.
By Innovator ETFs · Launched 2024
0.79%
#4,047 of 5,562 · expensive
$157M
#2,517 of 5,562 · mid-size
+11.7%
1 year
#3,659 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 weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- The fund invests at least 80% of its net assets in FLexible EXchange® Options that reference the Invesco QQQ TrustSM, Series 1. -null-. The fund is non-diversified.
- Strategy
- The Fund employs a defined outcome strategy, investing primarily in FLEX Options referencing the Underlying ETF, aiming to deliver positive returns regardless of the Underlying ETF's performance direction, subject to certain caps and thresholds over an approximately one-year Outcome Period.
- Inception date
- June 28, 2024
- 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