RBUFInnovator U.S. Small Cap 10 Buffer ETF - Quarterly
Seeks capital appreciation with downside protection by matching returns of the Underlying ETF up to 4.02% while providing a buffer against the first 10% of losses.
By Innovator ETFs · Launched 2024
0.79%
#4,047 of 5,562 · expensive
$87M
#3,071 of 5,562 · mid-size
+15.5%
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 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
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks capital appreciation with downside protection by matching returns of the Underlying ETF up to 4.02% while providing a buffer against the first 10% of losses.
- Strategy
- Invests primarily in FLEX Options referencing the iShares Russell 2000 ETF and may invest directly in the Underlying ETF. The Fund aims to replicate the Underlying ETF's performance while providing a buffer against the first 10% of losses and capping returns at 4.02% during the Outcome Period. Shareholders will bear all losses exceeding 10% on a one-to-one basis. The Fund's management fee of 0.79% reduces the cap to 3.82%.
- 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