Summary
Innovator U.S. Equity Buffer ETF is an ETF - a fund traded on an exchange like a stock - run by Innovator. Positions inside: 507. The ten largest make up 40% of the fund.
- Yearly costs
- 0.79%
- Fund size
- $358.4M
- Positions
- 507
- Dividends
- Reinvested
- Running since
- 2018
What speaks for it
- Average yearly growth over the last five years: 10%.
What to watch
- 96% of the fund is in one country (United States).
- Costs of 0.79% a year are above the middle of comparable funds (0.43%).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -0.5%
- 3 months
- +2.6%
- This year
- +11%
- 1 year
- +12%
- 3 years
- +55%
- 5 years
- +61%
- Avg. market cap
- $2.38T
- P/E
- 26.2x
- Forward P/E
- 24.0x
- P/S
- 5.9x
- P/B
- 7.4x
- P/FCF
- 35.5x
- EV/EBITDA
- 19.8x
- Dividend yield
- 0.71%
- ROIC
- 27.4%
- ROE
- 59.3%
- Gross margin
- 58.9%
- Operating margin
- 34.2%
- Net margin
- 31.8%
- Payout ratio
- 18.7%
- Net debt/EBITDA
- 0.7x
- Beta
- 0.64
Weighted average of the 50 largest companies, which make up 62% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 AAApple AAPL 7.6%
- 2 NVNvidia NVDA 7.4%
- 3 MSMicrosoft MSFT 5.8%
- 4 SPY 09/30/2027 762.65 P 5.5%
- 5 AMAmazon AMZN 3.5%
- 6 GOAlphabet GOOGL 2.5%
- 7 AVBroadcom AVGO 2.3%
- 8 MEMeta META 2.0%
- 9 GOAlphabet GOOG 2.0%
- 10 LLEli Lilly LLY 1.7%
Positions in the fund: 507. The ten largest make up 40% of it.
Composition as of Oct 31, 2026.
Where is it spread?
One countryBy sector
- Technology 38%
- Financials 12%
- Healthcare 9.7%
- Communication services 9.0%
- Consumer cyclical 8.8%
- Other 23%
By country
- United States 96%
- Ireland 1.2%
- United Kingdom 0.4%
- Switzerland 0.3%
- Other countries 2.1%
By company size
- Mega cap 65%
- Large cap 35%
- Mid cap 0.1%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (38%). Largest country: United States (96%). Largest size group: Mega cap (65%).
What does it cost me?
Expensive- A year from $10,000
- $79.00
- Over 20 years
- $3,720
From every $10,000 invested the fund takes $79.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,720.
How has it done?
Growing over the long run- A year on average, 5 years
- +10%
- Deepest drop
- -14%
- Yearly volatility
- 8.3%
Average yearly growth over the last five years: 10%. Deepest drop in these years: 14% below the earlier high.
Does it pay dividends?
No, it reinvestsThe fund pays nothing out. What its holdings earn stays inside and shows in the price.
Is it easy to buy and sell?
Yes- Traded a day
- $1.62M
- Shares a day
- 30K
On an average day about $1.62M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 26.2
- Average Bulios Score
- 72 out of 100
Weight by Bulios Fair Price
- Undervalued 5.3%
- Fairly valued 11%
- Overvalued 84%
On average the companies inside trade for 26.2 times their yearly profit. By Fair Price, 84% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 62% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
PN PNOV Innovator U.S. Equity Power Buffer ETF | United States | 0.79% | $819.2M | +10% | Reinvests | 98% |
ZA ZALT Innovator U.S. Equity 10 Buffer ETF - Quarterly | United States | 0.69% | $833.5M | +7.2% | Reinvests | 98% |
BN BNOV Innovator U.S. Equity Buffer ETF | United States | 0.79% | $193.0M | +10% | Reinvests | 98% |
BS BSEP Innovator U.S. Equity Buffer ETF | United States | 0.79% | $216.8M | +10% | Reinvests | 98% |
PO POCT Innovator U.S. Equity Power Buffer ETF | United States | 0.79% | $1.13B | +10.0% | Reinvests | 98% |
PS PSEP Innovator U.S. Equity Power Buffer ETF | United States | 0.79% | $855.6M | +8.2% | Reinvests | 97% |