Innovator Nasdaq-100 10 Buffer ETF
$31.00−0.02 (−0.08%)
- 0.79%
- $202M
- +8.9%
- 0M sh
- $31.01
- low $28.50high $31.33
The ETF.net QBUF Grade
C
Score 54 out of 100
- 5 of 12
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.C45 out of 100Rank 6 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.D37 out of 100Rank 4 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B65 out of 100Rank 3 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 5 of 12Holdings
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.B61 out of 100Rank 5 of 12
Our read on QBUF
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.
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 Holdings
- Stocks
- 3
- 103%
- Qqq 12/31/2026 1.86 C
Sectors
- Technology60.1%
- Communication12.7%
- Consumer Discretionary10.1%
- Consumer Staples5.7%
- Industrials5.1%
- Health Care3.8%
- Utilities1.0%
- Materials0.9%
- Energy0.5%
- Financials0.2%
QBUF Performance
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$10,891
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 | QBUF |
|---|---|
| Year to date | +5.9% |
| 1 month | +1.1% |
| 3 months | +0.9% |
| 1 year | +8.9% |
| 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 | QBUF |
|---|---|---|
| 2026 YTD | +5.9% | |
| 2025 | +11.1% | |
| 2024 | +5.9% |
QBUF in the news
Week in Funds
ZOCT paid its cap, then reset at 9.43%
QBUF Dividends
No distributions in the last 12 months.
QBUF Risk
- 4.3%
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.
- −8.8%
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.
- 0.28
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QBUF Cost
0.79%
QBUF0.79%
- The middle half of Nasdaq-100 Buffer 9-12% funds
- Median 0.79%
5 of the 12 Nasdaq-100 Buffer 9-12% funds charge less.
Other funds in Nasdaq-100 Buffer 9-12%
- BPQJAPGIM Nasdaq-100 Buffer 12 ETF - JanuaryExpense ratio 0.50%1 year return +18.6%
- CPQJLPGIM Nasdaq-100 Buffer 12 ETF - JulyExpense ratio 0.50%1 year return +14.2%
- CQMARFT Vest Nasdaq-100 Buffer ETF - MarchExpense ratio 0.90%1 year return +20.9%
- CQDECFT Vest Nasdaq-100 Buffer ETF - DecemberExpense ratio 0.90%1 year return +20.6%
- CQJUNFT Vest Nasdaq-100 Buffer ETF - JuneExpense ratio 0.90%1 year return +12.3%