SPUTInnovator Equity Premium Income - Daily PutWrite ETF
Seeks current income while providing capital appreciation.
By Innovator ETFs · Launched 2025
0.79%
#4,208 of 5,854 · expensive
$17M
#4,578 of 5,854 · small
5.14%
1 year
#4,152 of 5,854 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
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 = 69.6% 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
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income while providing capital appreciation.
- Strategy
- Actively manages a portfolio investing at least 80% in equity securities and financial instruments for economic exposure through a daily put-write options strategy. Targets U.S. large-cap equities for capital appreciation and generates current income from premiums on sold put options referencing the S&P 500.
- Inception date
- March 13, 2025
- Fund family
- Innovator ETFs
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
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 2026-08-03