UMAYInnovator U.S. Equity Ultra Buffer ETF - May
Seeks returns that match the Underlying ETF's return up to a cap of 12.59% while providing a buffer against losses of 5% to 35%.
By Innovator ETFs · Launched 2020
Annual Cost
0.79%
#4,370 of 6,040 · expensive
Fund Size
$141M
#2,785 of 6,040 · mid-size
Return (1Y)
+8.1%
Track Record
6 years
#2,074 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,791+7.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Structured outcome
Index tracked
S&P 500 Price Return Index
Holdings
By weightConcentration
Top 5 holdings = 103.2% of fundconcentrated
N/A
115.0%
US BANK MMDA - USBGFS 9
3.4%
N/A
0.0%
N/A
0.0%
N/A
-15.2%
Asset allocation
Stocks
95.6%
Cash
4.3%
Other
0.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.3%Low
Year-on-year price swings
Max drawdown
-12.1%Mild
Worst peak-to-trough loss
Sharpe (3Y)
0.89Decent risk-adjusted returns
Sortino (3Y)
1.30Good downside protection
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks returns that match the Underlying ETF's return up to a cap of 12.59% while providing a buffer against losses of 5% to 35%.
- Strategy
- Invests primarily in FLEX Options referencing the Underlying ETF to provide buffered returns against losses of 5% to 35% during the Outcome Period. Aims to replicate the Underlying ETF's performance while capping returns at 12.59% before fees.
- Inception date
- April 30, 2020
- Fund family
- Innovator ETFs
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18