SPUTInnovator Equity Premium Income - Daily PutWrite ETF
Seeks to provide current income while providing capital appreciation.
By Innovator ETFs · Launched 2025
0.79%
#4,047 of 5,562 · expensive
$17M
#4,452 of 5,562 · small
5.03%
1 year
#4,244 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Solactive GBS United States 500 Index
What it actually holds
By weightConcentration
Top 10 holdings = 73.0% 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
- NYSE Arca
Full fund details
- Objective
- Seeks to provide current income while providing capital appreciation.
- Strategy
- Actively managed ETF investing at least 80% of net assets in equity securities and financial instruments providing economic exposure to equity securities through a daily put-write options strategy. Approximately 50% of net assets are in equity securities of companies in the Solactive GBS United States 500 Index. Seeks current income through premiums from sold single-day expiration, 5 delta out-of-the-money put option contracts referencing the S&P 500 Price Return Index.
- Inception date
- March 13, 2025
- 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.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_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