UFEBInnovator U.S. Equity Ultra Buffer ETF - February
Seeks to provide returns that match the Underlying ETF's return, capped at 11.39%, while buffering losses between 5% and 35%.
By Innovator ETFs · Launched 2020
0.79%
#4,215 of 5,861 · expensive
$244M
#2,200 of 5,861 · mid-size
+11.8%
6 years
#2,004 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 5 holdings = 100.0% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns that match the Underlying ETF's return, capped at 11.39%, while buffering losses between 5% and 35%.
- Strategy
- Invests primarily in FLEX Options referencing the Underlying ETF to provide a buffer against losses of 5% to 35% and to match returns up to an 11.39% cap. The strategy is designed for the Outcome Period from February 1, 2026 to January 31, 2027.
- Inception date
- January 31, 2020
- 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.
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 2026-08-04