Innovator Equity Premium Income – Daily PutWrite ETF
$28.83−0.01 (−0.03%)
- Expense ratio
- 0.79%
- Fund size
- $17M
- 1Y return
- +11.7%
- Yield · Last 12 months
- 4.85%
- Holdings
- 502
- Volume · 30D
- 0M sh
- NAV per share
- $28.56
- 52W range
The ETF.net SPUT Grade
Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 29Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 89Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 66Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 11Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 37Category rank
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 09/29/2026
Sectors
- Technology38.6%
- Financials11.3%
- Communication9.7%
- Health Care9.5%
- Consumer Discr.9.4%
- Industrials8.1%
- Cons. Staples4.4%
- Energy3.6%
- Utilities2.0%
- Materials1.8%
- Real Estate1.6%
Geography
- United States97.32%
- Ireland1.20%
- United Kingdom0.46%
- Switzerland0.30%
- Singapore0.30%
- Netherlands0.12%
- Uruguay0.12%
- Bermuda0.08%
- 0.10%
SPUT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +9.0% |
| 1 month | +1.0% |
| 3 months | +3.4% |
| 1 year | +11.7% |
| 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 | +9.0% | |
| 2025 | +13.2% |
SPUT in the news
ETF.net Research hasn’t filed on SPUT yet — coverage lands here as it’s written.
SPUT Dividends
- 4.85%
- $1.40
- $0.11 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 1, 2026 | $0.11 |
| Jul 31, 2026 | Aug 3, 2026 | $0.08 |
| Jun 30, 2026 | Jul 1, 2026 | $0.11 |
| May 29, 2026 | Jun 1, 2026 | $0.07 |
| Apr 30, 2026 | May 1, 2026 | $0.11 |
| Mar 31, 2026 | Apr 1, 2026 | $0.16 |
| Feb 27, 2026 | Mar 2, 2026 | $0.15 |
| Jan 30, 2026 | Feb 2, 2026 | $0.08 |
| Dec 31, 2025 | Jan 2, 2026 | $0.11 |
| Nov 28, 2025 | Dec 1, 2025 | $0.16 |
| Oct 31, 2025 | Nov 3, 2025 | $0.13 |
| Sep 30, 2025 | Oct 2, 2025 | $0.13 |
SPUT Risk
- 7.0%
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.
- 1.57
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.
- 0.56
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
- 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.