Innovator Equity Autocallable Income Strategy ETF
$23.93+0.09 (+0.39%)
- 0.79%
- $52M
- +8.8%
- 0M sh
- $23.77
- low $22.14high $27.32
The ETF.net ACEI Grade
D
Score 26 out of 100
- 12 of 16
Score 26 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F17 out of 100Rank 13 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D28 out of 100Rank 12 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D34 out of 100Rank 12 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C54 out of 100Rank 11 of 16
Our read on ACEI
DAutocallable notes are a private-bank staple: big coupons, a call trigger, conditional downside cushion. ACEI ladders swaps that replicate that payoff on S&P 500 stocks and puts it in an ETF you can trade any day.
The Fund seeks high income and potential to limit downside losses through a laddered portfolio of OTC swaps designed to replicate autocallable notes on common-stock reference assets selected from a U.S. equity index, currently the S&P 500 Index.
Why people hold it
- Packages a payoff normally sold one note at a time: an actively managed, laddered book of OTC swaps replicating autocallable notes on S&P 500 stocks.innovatoretfs.com
- At 0.79%, it charges below the median fee in its active options-income cohort, which is unusual for a strategy this hands-on.
- Built to distribute monthly, with exposures laddered across many reference stocks instead of riding one note and one maturity date.
- Lives in a standard 1940 Act ETF wrapper: daily dealing and fund-level rules, versus the hold-to-maturity bank paper it mimics.innovatoretfs.com
Worth knowing
- Launched in 2025, so the track record is short and any read on its risk behavior rests on limited history.
- Small asset base and thin trading, which can mean wider spreads than the household-name income funds beside it.
- Income tracks OTC swap payoffs and their counterparty terms, not the S&P 500's path, and no target yield is stated, so payout sizes vary.
ACEI Holdings
- Other
- 5
- 107%
- United States Treasury Bill 10/29/2026
ACEI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
ACEI$10,879
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ACEI |
|---|---|
| Year to date | +6.4% |
| 1 month | +0.9% |
| 3 months | +5.2% |
| 1 year | +8.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ACEI |
|---|---|---|
| 2026 YTD | +6.4% | |
| 2025 | +0.8% |
ACEI in the news
ACEI Dividends
- $0.26 per share
- Monthly
Distribution data unavailable.
Distribution history
ACEI Risk
- 10.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.23
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −9.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.57
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ACEI Cost
0.79%
ACEI0.79%
- The middle half of S&P 500 Active Option Income funds
- Median 0.55%
11 of the 15 S&P 500 Active Option Income funds charge less.
Other funds in S&P 500 Active Option Income
- CJUDOJanus Detroit Street Trust - Janus Henderson U.S. Equity Enhanced Income ETFExpense ratio 0.55%1 year return —
- CHIGHSimplify Enhanced Income ETFExpense ratio 0.50%1 year return −1.5%
- CEGGYNestYield Dynamic Income ETFExpense ratio 0.95%1 year return +14.1%
- CUPSDETF Series Solutions - Aptus Large Cap Upside ETFExpense ratio 0.79%1 year return +20.5%
- FLCTOKurv ETF Trust - Kurv U.S. Large Cap TaxOptimized ETFExpense ratio 1.00%1 year return —