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XBOCInnovator U.S. Equity Accelerated 9 Buffer ETF - October

Grow my money4y track recordRanked #2,045 of 2,960 in this goal

Seeks to provide investors with returns that are twice those of the Underlying ETF, up to the upside cap of 11.70% while providing a buffer against the first 9% of Underlying ETF losses.

By Innovator ETFs · Launched 2021

Annual Cost

0.79%

#4,047 of 5,562 · expensive

Fund Size

$65M

#3,332 of 5,562 · mid-size

Return (1Y)Goal

+12.7%

Track Record

4 years

#2,501 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,324+13.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 7 holdings = 100.1% of fundconcentrated

N/A
99.8%
N/A
9.3%
N/A
3.7%
US BANK MMDA - USBGFS 9
0.2%
U.S. Bank Money Market Deposit AccountUSBFS04
0.0%
N/A
-2.1%
N/A
-10.8%

Asset allocation

Stocks
99.9%
Cash
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
6.4%Low

Year-on-year price swings

Max drawdown
-13.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.90Decent risk-adjusted returns
Sortino (3Y)
1.34Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide investors with returns that are twice those of the Underlying ETF, up to the upside cap of 11.70% while providing a buffer against the first 9% of Underlying ETF losses.
Strategy
Invests primarily in FLEX Options referencing the Underlying ETF and may also invest directly in the Underlying ETF. The Fund seeks to provide returns that are twice the increase in value of the Underlying ETF, subject to an upside cap of 11.70% and a buffer against the first 9% of losses during the Outcome Period. The net buffer after management fees is 8.21%. Designed to achieve these outcomes over the period from October 1, 2025 through September 30, 2026.
Inception date
September 30, 2021
Fund family
Innovator ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

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 2026-06-20