ZMAYInnovator Equity Defined Protection ETF - 1 Yr May
Seeks to provide returns that match the Underlying ETF's return, up to a cap of 7.31%, while providing a buffer against 100% of losses over the Outcome Period.
By Innovator ETFs · Launched 2025
Annual Cost
0.79%
#4,370 of 6,040 · expensive
Fund Size
$83M
#3,260 of 6,040 · mid-size
Return (1Y)
+4.8%
Track Record
1 year
#4,287 of 6,040 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,482+4.8%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 4 holdings = 100.1% of fundconcentrated
N/A
120.9%
US BANK MMDA - USBGFS 9
0.2%
N/A
0.0%
N/A
-21.0%
Asset allocation
Stocks
93.4%
Cash
6.6%
Other
0.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
1.8%Low
Year-on-year price swings
Max drawdown
-0.7%Mild
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns that match the Underlying ETF's return, up to a cap of 7.31%, while providing a buffer against 100% of losses over the Outcome Period.
- Strategy
- Invests primarily in FLEX Options referencing the Underlying ETF to provide a buffer against 100% of losses and a cap on returns at 7.31%. The strategy targets large-cap U.S. equity securities, specifically the S&P 500 Index, over the Outcome Period.
- Inception date
- April 30, 2025
- Fund family
- Innovator ETFs
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save ZMAY to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-18