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Launched

Innovator U.S. Equity 5 to 15 Buffer ETF

EALTCboeB

$37.06+0.03 (+0.07%)

At close: Oct 13, 2026, 4:00 PM

B57/ 100

Rank 18 of 77 in S&P 500 Buffer 9-12%

B57/100Rank 18 of 77inS&P 500 Buffer 9-12%
Intraday session: up, 68 prints from 37.03 to 37.06. Range 36.97 to 37.07. Use the arrow keys to read each point.36.9837.0037.0210 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$189M
1Y total return
+8.5%
Yield · Last 12 months
—
Holdings
5
Avg volume · 30D
0M sh
NAV per share
$37.01
52W range
low $33.45high $37.10
Launched

The ETF.net EALT Grade

B

Score 57 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
18 of 77
Six-pillar profile for EALT. Scores out of 100: Cost 82, Risk 23, Mission 84, Tradability 43, Holdings 52, Durability 62. Strongest: Mission (84). Weakest: Risk (23). Leans toward Mission and Cost.

Score 57 of 100 falls in the B 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.
    A82 out of 100
    Rank 14 of 77

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A84 out of 100
    Rank 6 of 7

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F23 out of 100
    Rank 74 of 76

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C43 out of 100
    Rank 47 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C52 out of 100
    Rank 29 of 44

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 26 of 77

Our read on EALT

ETF.net Research

BMost buffer funds cushion your first dollar of loss. EALT skips that, absorbing the 5% to 15% slice of an S&P 500 ETF's decline instead, and resetting every three months. You wear the first 5%, and the upside is capped.

Stated mandate

The fund seeks to track the return of an S&P 500 ETF, subject to a cap, while providing downside protection within the 5% to 15% loss range during each three-month outcome period.

Why people hold it

  1. 01A 10-point protected band placed over the 5% to 15% loss zone, the ordinary-pullback range, referenced to a plain S&P 500 ETF (VOO).
  2. 02Outcome periods run three months, so buffer and cap reset four times a year rather than once. Less waiting to get back to fresh terms.
  3. 030.69% a year undercuts the typical shallow-buffer fund at 0.79%, and matches Innovator's own quarterly first-dollar sibling ZALT.
  4. 04Live since 2023 and one of the stronger builds in a shallow-buffer field of 50-plus competing funds.

Worth knowing

  1. 01The first 5% of a decline is yours, and so is anything below 15%. This is a band of protection, not a floor.
  2. 02Upside is capped, with a new cap set each three-month period. Buy mid-period and your buffer and cap differ from the stated terms.
  3. 03A smaller, thinly traded fund, so spreads can run wider than in the category's heavyweights. The structure targets price outcomes, not income.

EALT Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
5
Top-10 weight
101%
Largest holding
VOO100.2%

Sectors

  • Technology38.7%
  • Financials12.0%
  • Communication9.5%
  • Consumer Discretionary9.3%
  • Health Care9.3%
  • Industrials7.8%
  • Consumer Staples4.5%
  • Energy3.5%
  • Utilities2.0%
  • Real Estate1.8%
  • Materials1.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001VOOVanguard S&P 500 ETF100.21%264,515$189M60
002—Voo 12/31/2026 665.82 P0.83%2,658$2M1
003—Voo 12/31/2026 707.87 C0.02%13$33K1
004—Us Bank Mmda - Usbgfs 9 09/01/20370.01%26,925$27K163
005—Cash & Other<0.01%10,315$10K672

Showing 1–5 of 5 holdings

EALT Performance

Launched Oct 2, 2023

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.
EALT$10,848
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. EALT $10,848. SPY $12,044. Use the arrow keys to read each point.$9,547$10,896$12,245Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for EALT. Periods over one year show the average yearly return.
PeriodEALT
Year to date+4.9%
1 month+1.4%
3 months+2.7%
1 year+8.5%
3 yearsper year+12.7%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EALT
YearReturn barEALT
2026 YTD+4.9%
2025+9.5%
2024+18.0%
2023+6.8%

Since listing, Oct 2, 2023

EALT in the news

Filtered to EALT · S&P 500 Buffer 9-12%

EALT Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

EALT Risk

How much the fund’s monthly returns vary, scaled to a year.
8.8%
Annualised · 35 months to Sep 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.98
vs 3-month T-bills · 35 months to Sep 2026
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.

The largest fall from a peak to the low that followed.
−14.8%
36 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.67
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

EALT Cost

Expense ratio0.69%
  • The middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

13 of the 77 S&P 500 Buffer 9-12% funds charge less.

EALT costs $69.00 a year on $10,000. The median S&P 500 Buffer 9-12% fund costs $79.00.

Other funds in S&P 500 Buffer 9-12%

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