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EBUF

GradeBNew York Stock Exchange Arca

Innovator Emerging Markets 10 Buffer ETF

Buffered · Innovator · Inception 2024-07-01

$31.91−0.35 (−1.08%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Jul 1, 2024.
Intraday session: down, 51 prints from 32.26 to 31.91. Range 31.87 to 32.25. Use the arrow keys to read each point.$32.00$32.10$32.2010 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$41M
1Y return
+14.9%
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$31.84
52W range
low $27.73high $32.50

The ETF.net EBUF Grade

B

59/ 100

Rank 2 of 16 in Emerging Markets Buffer⁠

Confidence Medium

Six-pillar profile for EBUF. Scores out of 100: Cost 37, Risk 88, Mission not scored, Tradability 70, Holdings not scored, Durability 76. Strongest: Risk (88). Weakest: Cost (37). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 37
    Category rank10/16 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 88
    Category rank1/14 · top 7%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 70
    Category rank3/16 · top 19%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 76
    Category rank5/16 · top 31%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on EBUF

ETF.net Research

BBuffer ETFs mostly babysit the S&P 500. EBUF points the same machinery at emerging markets: MSCI EM exposure in roughly three-month stretches, with a 10% downside buffer and an upside cap reset at the start of each period.

Stated mandate

The Fund uses a defined-outcome strategy intended to replicate the performance of an ETF tracking the MSCI Emerging Markets Index over each approximately three-month period, subject to a maximum upside return and a 10% downside buffer.

Why people hold it

  1. 01The 10% buffer is written into the strategy, not a manager's judgment call. Each roughly three-month outcome period starts with a fresh buffer and a fresh cap.innovatoretfs.com
  2. 02Quarterly reset, not annual: the cap gets repriced four times a year instead of being set once and lived with for twelve months.
  3. 03The reference is a mainstream MSCI Emerging Markets index fund, so the exposure under the buffer is a known quantity, not a bespoke basket.innovatoretfs.com
  4. 040.89% sits right at the median for buffer ETFs, and it is a 1940 Act fund rather than a bank note carrying issuer credit risk.

Worth knowing

  1. 01The buffer and cap apply over a full outcome period. Buy partway through and your actual protection and remaining upside differ from the headline terms.
  2. 02A small fund that trades lightly, so bid-ask spreads can matter more than with a large, heavily traded ETF.
  3. 03The options structure has not paid distributions, and upside is capped each period, so this is a shaped-return tool rather than an income or full-participation one.

EBUF Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
EEM 09/30/2026 0.17 C49.6%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—EEM 09/30/2026 0.17 C49.65%5,930$41M1
002—EEM 12/31/2026 0.17 C49.06%5,930$40M1
003—EEM 09/30/2026 68.41 P1.06%11,860$866K1
004—Cash & Other0.33%270,208$270K674
005—US BANK MMDA - USBGFS 9 09/01/20370.04%33,670$34K161

Showing 1–5 of 5 holdings

EBUF Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EBUF$11,485
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EBUF $11,485. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 EBUF. Periods over one year show the average yearly return.
PeriodEBUF
Year to date+12.3%
1 month+0.7%
3 months+1.4%
1 year+14.9%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 EBUF
YearReturn barEBUF
2026 YTD+12.3%
2025+11.5%
2024+2.8%

Since listing, Jul 1, 2024

EBUF in the news

ETF.net Research hasn’t filed on EBUF yet — coverage lands here as it’s written.

EBUF Dividends

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

No distributions in the last 12 months.

EBUF Risk

How much the fund’s monthly returns vary, scaled to a year.
4.7%
Annualised · 25 months to Aug 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.
1.61
vs 3-month T-bills · 25 months to Aug 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.
−6.5%
26 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.
0.20
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.

EBUF Cost

Expense ratio0.89%
  • The middle half of Emerging Markets Buffer funds
  • Median 0.89%

5 of the 14 Emerging Markets Buffer funds charge less.

EBUF costs $89.00 a year on $10,000. The median Emerging Markets Buffer fund costs $89.00.