Innovator Emerging Markets 10 Buffer ETF
$31.60−0.12 (−0.38%)
- 0.89%
- $45M
- +14.4%
- 0M sh
- $31.67
- low $27.91high $32.50
The ETF.net EBUF Grade
B
Score 60 out of 100
- 2 of 16
Score 60 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.D37 out of 100Rank 8 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 2Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A88 out of 100Rank 1 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A75 out of 100Rank 3 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.A76 out of 100Rank 5 of 16
Our read on EBUF
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.
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
- The 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
- Quarterly reset, not annual: the cap gets repriced four times a year instead of being set once and lived with for twelve months.
- The 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
- 0.89% 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
- The buffer and cap apply over a full outcome period. Buy partway through and your actual protection and remaining upside differ from the headline terms.
- A small fund that trades lightly, so bid-ask spreads can matter more than with a large, heavily traded ETF.
- The 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
- Other
- 3
- 103%
- Eem 12/31/2026 0.17 C
Sectors
- Technology44.2%
- Financials19.2%
- Consumer Discretionary7.5%
- Industrials6.0%
- Communication5.9%
- Materials5.7%
- Energy3.5%
- Health Care2.8%
- Consumer Staples2.4%
- Utilities1.8%
- Real Estate0.9%
EBUF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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EBUF$11,439
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 | EBUF |
|---|---|
| Year to date | +10.5% |
| 1 month | −1.2% |
| 3 months | +0.5% |
| 1 year | +14.4% |
| 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 | EBUF |
|---|---|---|
| 2026 YTD | +10.5% | |
| 2025 | +11.5% | |
| 2024 | +2.8% |
EBUF in the news
EBUF Dividends
No distributions in the last 12 months.
EBUF Risk
- 4.8%
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.
- 1.39
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.
- −6.5%
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.
- 0.21
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
0.89%
EBUF0.89%
- The middle half of Emerging Markets Buffer funds
- Median 0.89%
5 of the 14 Emerging Markets Buffer funds charge less.
Other funds in Emerging Markets Buffer
- ABUFEFirst Trust Exchange-Traded Fund VIII - FT Vest Laddered Emerging Markets Buffer ETFExpense ratio 0.10%1 year return —
- BEOCTInnovator Emerging Markets Power Buffer ETFExpense ratio 0.89%1 year return +15.1%
- CEJANInnovator Emerging Markets Power Buffer ETF - JanuaryExpense ratio 0.89%1 year return +13.0%
- CEJULInnovator Emerging Markets Power Buffer ETFExpense ratio 0.89%1 year return +9.1%
- CEAPRInnovator Emerging Markets Power Buffer ETF - AprilExpense ratio 0.89%1 year return +16.8%