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Launched

Innovator Emerging Markets 10 Buffer ETF

EBUFNYSE ArcaInnovatorB

$30.61+0.02 (+0.07%)

As of Nov 2, 2026, 3:59 PM ET

B62/ 100

Rank 1 of 16 in Emerging Markets Buffer

B62/100Rank 1 of 16inEmerging Markets Buffer
Intraday session: up, 79 prints from 30.59 to 30.61. Range 30.61 to 30.95. Use the arrow keys to read each point.30.7030.8030.9010 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$46M
1Y total return
+7.7%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
17.6K sh
52W range
low $27.97high $32.50
Launched

The ETF.net EBUF Grade

Based on 5 of 6 pillars

B

Score 62 out of 100

Category
Emerging Markets Buffer⁠
Rank
1 of 16
Six-pillar profile for EBUF. Scores out of 100: Cost 47, Risk 82, Mission 100, Tradability 72, Holdings not scored, Durability 76. Strongest: Mission (100). Weakest: Cost (47). Based on 5 of 6 pillars.

Score 62 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.
    C47 out of 100
    Rank 7 of 16

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 2

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A82 out of 100
    Rank 1 of 16

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A72 out of 100
    Rank 5 of 16

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A76 out of 100
    Rank 5 of 16

Our read on EBUF

ETF.net Research

In short

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

  • 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

Asset class
Other
Holdings
3
Top-10 weight
107%
Largest holding
Eem 12/31/2026 0.17 C93.6%

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%

Geography

  • Taiwan30.55%
  • South Korea21.18%
  • China19.65%
  • India11.85%
  • Brazil4.03%
  • South Africa2.74%
  • Mexico1.82%
  • Poland1.28%
  • Other countries (13)6.90%

Developed 1% · Emerging 99% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataEem 12/31/2026 0.17 C93.64%7,135$42.9M1
2No dataEem 12/31/2026 66.79 P10.17%7,135$4.66M1
3No dataUs Bank Mmda - Usbgfs 9 09/01/20373.61%1,657,217$1.66M163

Showing 1–3 of 3 holdings

EBUF Performance

Launched Jul 1, 2024

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.
EBUF$10,767
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. EBUF $10,767. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+6.5%
1 month−3.5%
3 months−1.9%
1 year+7.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+6.5%
2025+11.5%
2024+2.8%

Since listing, Jul 1, 2024

EBUF in the news

EBUF Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

EBUF Risk

Risk pillarA82 out of 100Rank 1 of 16 in Emerging Markets Buffer
How much the fund’s monthly returns vary, scaled to a year.
5.5%
Annualised · 27 months to Oct 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.
0.85
vs 3-month T-bills · 27 months to Oct 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%
27 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.
0.21
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.

FMP measures it over up to five years of monthly returns.

EBUF Cost

Compare EBUF and EMAU

Overpaying vs EMAU, tied cheapest in Emerging Markets Buffer

$10,723

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EBUF 0.89%

    $16,872

  • EMAU 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • EBUF 0.89%
  • EMAU 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EBUF $16,872EMAU $6,149

Year by year

YearEBUFEMAUOverpaying
10$1,576$545$1,031
20$5,953$2,113$3,840
30$16,872$6,149$10,723

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