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Launched

Innovator Nasdaq-100 10 Buffer ETF

QBUFNasdaqInnovatorC

$29.93−0.18 (−0.60%)

At close: Nov 2, 2026, 4:00 PM ET

C54/ 100

Rank 5 of 12 in Nasdaq-100 Buffer 9-12%

C54/100Rank 5 of 12inNasdaq-100 Buffer 9-12%
Intraday session: down, 79 prints from 30.11 to 29.93. Range 29.93 to 30.31. Use the arrow keys to read each point.30.0030.2030.3010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$199M
1Y total return
+3.2%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
40.5K sh
52W range
low $28.50high $31.33
Launched

The ETF.net QBUF Grade

Based on 5 of 6 pillars

C

Score 54 out of 100

Category
Nasdaq-100 Buffer 9-12%⁠
Rank
5 of 12
Six-pillar profile for QBUF. Scores out of 100: Cost 46, Risk 61, Mission 37, Tradability 64, Holdings not scored, Durability 58. Strongest: Tradability (64). Weakest: Mission (37). Based on 5 of 6 pillars.

Score 54 of 100 falls in the C 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.
    C46 out of 100
    Rank 6 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D37 out of 100
    Rank 4 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 4 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 5 of 12

  • 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.
    B58 out of 100
    Rank 5 of 12

Our read on QBUF

ETF.net Research

In short

CBuffer funds usually run on a 12-month clock. QBUF resets every quarter: a 10% downside buffer on the Nasdaq-100 and a fresh upside cap, four times a year.

Stated mandate

The Fund seeks to replicate the performance of an ETF tracking the Nasdaq-100 Index over quarterly outcome periods, subject to a predefined upside cap and a 10% downside buffer.

Why people hold it

  • Quarterly outcome periods. The 10% buffer and a new cap reset four times a year, so a fresh starting line is never more than three months out.
  • The reference asset is the Invesco QQQ Trust itself, not a custom index, so the outcome is keyed to a Nasdaq-100 vehicle you can watch in real time.
  • The 0.79% fee is the median for shallow-buffer Nasdaq-100 funds, and this one sits in the upper half of that peer group overall.

Worth knowing

  • Downside protection is paid for with upside. The cap is reset at the start of each quarter from option pricing, so the next period's ceiling isn't known in advance.
  • The 10% buffer runs from the period's start and sits before fees. Buy mid-quarter and your actual cushion and cap differ from the headline terms.
  • Pricier than some cousins: the PGIM Nasdaq-100 buffer series runs 0.50%, QTR 0.25%. It also trades thinly, so limit orders earn their keep.

QBUF 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.
QBUF$10,323
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. QBUF $10,323. 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 QBUF. Periods over one year show the average yearly return.
PeriodQBUF
Year to date+2.7%
1 month−2.5%
3 months−0.2%
1 year+3.2%
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 QBUF
YearReturn barQBUF
2026 YTD+2.7%
2025+11.1%
2024+5.9%

Since listing, Jul 1, 2024

QBUF in the news

QBUF Dividends

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

No distributions in the last 12 months.

QBUF Risk

Risk pillarB61 out of 100Rank 4 of 12 in Nasdaq-100 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
4.8%
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.
0.95
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.
−8.8%
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.
0.28
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.

QBUF Cost

Compare QBUF and QTR

Overpaying vs QTR, cheapest in Nasdaq-100 Buffer 9-12%

$10,015

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

  • QBUF 0.79%

    $15,174

  • QTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • QBUF 0.79%
  • QTR 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QBUF $15,174QTR $5,159

Year by year

YearQBUFQTROverpaying
10$1,405$455$950
20$5,331$1,769$3,562
30$15,174$5,159$10,015

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