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Beacon

XUSPInnovator Uncapped Accelerated U.S. Equity ETF

Grow my money3y track recordRanked #2,324 of 2,960 in this goal

Seeks to provide potential rates of return that outperform an ETF tracking large capitalization U.S. equity securities after achieving performance thresholds.

By Innovator ETFs · Launched 2022

Annual Cost

0.79%

#4,047 of 5,562 · expensive

Fund Size

$50M

#3,579 of 5,562 · mid-size

Return (1Y)Goal

+28.6%

Track Record

3 years

#2,750 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$13,008+30.1%

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 10 holdings = 110.1% of fundconcentrated

N/A
25.8%
N/A
25.4%
N/A
23.1%
N/A
23.0%
N/A
5.9%
N/A
3.8%
N/A
2.6%
N/A
2.6%
US BANK MMDA - USBGFS 9
0.4%
N/A
-2.3%

Asset allocation

Stocks
99.9%
Cash
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
16.7%Moderate

Year-on-year price swings

Max drawdown
-22.6%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
1.03Strong risk-adjusted returns
Sortino (3Y)
1.50Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide potential rates of return that outperform an ETF tracking large capitalization U.S. equity securities after achieving performance thresholds.
Strategy
Actively managed ETF invests in option contracts designed to provide returns greater than the appreciation of the Underlying ETF after exceeding performance thresholds. The Fund invests at least 80% of net assets in investments providing exposure to the Underlying ETF, which is concentrated in the information technology sector. Uses a series of four one-year FLEX Options packages with laddered expiration dates referencing the Underlying ETF. Gains occur only if the Underlying ETF exceeds the Accelerated Threshold at term end.
Inception date
August 10, 2022
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 2026-06-19