Innovator Equity Premium Income – Daily PutWrite ETF
$28.90−0.01 (−0.02%)
- 0.79%
- $17M
- +14.2%
- 4.67%
- 0M sh
- $28.87
- low $26.08high $29.93
The ETF.net SPUT Grade
C
Score 48 out of 100
- 34 of 52
Score 48 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.D31 out of 100Rank 34 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A87 out of 100Rank 22 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 13 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F10 out of 100Rank 52 of 52Holdings
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.D37 out of 100Rank 45 of 52
Our read on SPUT
CMost S&P 500 income ETFs sell calls on stock they own. SPUT flips the trade: an actively run large-cap sleeve paired with puts written on the index every single day, with cash paid out monthly.
The Fund seeks current income while providing capital appreciation through an actively managed equity portfolio and a daily put-write options strategy.
Why people hold it
- Income comes from writing puts on the S&P 500, not calls on its own shares, so the options engine sits alongside the equity sleeve instead of on top of it.innovatoretfs.com
- Puts are written daily rather than once a month, spreading strike-setting across many entry points instead of one date on the calendar.innovatoretfs.com
- Pays monthly, and the stock side is a broad active portfolio of roughly 500 names rather than a handful of megacaps.
Worth knowing
- The 0.79% fee sits above what most S&P 500 income funds charge: IVVW runs 0.25%, GPIX 0.35%.
- Launched in 2025, still small and thinly traded, so bid-ask spreads can run wider than in the category's heavyweights.
- Innovator discloses that monthly distributions can include return of capital, meaning part of a payout may be your own money coming back.innovatoretfs.com
SPUT Holdings
- Stocks
- 502
- 68%
- United States Treasury Bill 10/29/2026
Sectors
- Technology40.4%
- Financials10.5%
- Communication10.1%
- Health Care9.5%
- Consumer Discretionary8.9%
- Industrials7.8%
- Consumer Staples4.2%
- Energy3.5%
- Utilities1.9%
- Materials1.7%
- Real Estate1.5%
Geography
- United States97.27%
- Ireland1.24%
- United Kingdom0.48%
- Switzerland0.30%
- Singapore0.26%
- Uruguay0.14%
- Netherlands0.10%
- Bermuda0.08%
- 0.14%
SPUT 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.
SPUT$11,424
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 | SPUT |
|---|---|
| Year to date | +9.8% |
| 1 month | +1.6% |
| 3 months | +3.2% |
| 1 year | +14.2% |
| 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 | SPUT |
|---|---|---|
| 2026 YTD | +9.8% | |
| 2025 | +13.2% |
SPUT in the news
SPUT Dividends
- 4.67%
- $1.35
- $0.08 per share
- Monthly
Distribution history
SPUT Risk
- 6.9%
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.
- 1.51
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.
- −10.5%
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.
- 0.55
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPUT Cost
0.79%
SPUT0.79%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
32 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- CHEDGEquable Shares Hedged Equity ETFExpense ratio 0.96%1 year return —
- CSPYTDefiance S&P 500 Target Income ETFExpense ratio 0.92%1 year return +18.4%
- CXDTERoundhill Investments - S&P 500 0DTE Covered Call Strategy ETFExpense ratio 0.97%1 year return +19.9%
- CCAIECalamos Autocallable Income ETFExpense ratio 0.74%1 year return +16.9%
- CXISEFT Vest U.S. Equity Buffer & Premium Income ETF - SeptemberExpense ratio 0.85%1 year return +7.5%