Innovator U.S. Equity Accelerated 9 Buffer ETF
$43.200.00 (0.00%)
- 0.79%
- $129M
- +14.4%
- 0M sh
- $43.25
- low $37.72high $43.27
The ETF.net XBAP Grade
B
Score 62 out of 100
- 1 of 6
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.B58 out of 100Rank 1 of 6Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A81 out of 100Rank 1 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 2 of 6Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 4 of 4Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 1 of 6
Our read on XBAP
BDouble the S&P 500's upside up to a cap, with the first 9% of losses absorbed and normal losses after that. A structured-note payoff shape in an ETF wrapper, reset every April.
The Fund seeks twice the return of an ETF tracking the S&P 500 Index, subject to a cap, while buffering the first 9% of losses over the approximately one-year outcome period.
Why people hold it
- Two dials at once: 2x the price gain of an S&P 500 ETF up to a cap, plus a 9% loss buffer, across each roughly one-year outcome period.innovatoretfs.com
- No maturity date. The outcome period resets each April with a fresh cap and buffer, so the position can be held indefinitely without rolling into a new ticker. Running since 2021.innovatoretfs.com
- 0.79% a year, the same fee its Innovator siblings charge (XBJA, XBJL, XBOC), and it rates as one of the stronger implementations in that small accelerated-buffer group.
- A registered 1940 Act fund, not a bank note, so you get the defined-outcome payoff shape without a single issuer's IOU sitting behind it.innovatoretfs.com
Worth knowing
- The cap is a hard ceiling on a blowout year, it is reset each April at whatever options pricing allows, and it is built on SPY's price return, so dividends sit outside the payoff.sec.gov
- The stated outcomes are for holders who own shares from the first day of an outcome period to the last. Buy mid-period and your effective cap and remaining cushion differ.sec.govinnovatoretfs.com
- A niche fund with a modest asset base and light trading volume, so bid-ask spreads can be wider than on a plain index ETF.
XBAP Holdings
- Stocks
- 6
- 129%
- VOO
Sectors
- Technology38.7%
- Financials12.0%
- Communication9.5%
- Consumer Discretionary9.3%
- Health Care9.3%
- Industrials7.8%
- Consumer Staples4.5%
- Energy3.5%
- Utilities2.0%
- Real Estate1.8%
- Materials1.7%
Geography
- United States100.00%
XBAP 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.
XBAP$11,438
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 | XBAP |
|---|---|
| Year to date | +11.7% |
| 1 month | +0.8% |
| 3 months | +2.5% |
| 1 year | +14.4% |
| 3 years | +14.0% |
| 5 years | +10.2% |
| 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 | XBAP |
|---|---|---|
| 2026 YTD | +11.7% | |
| 2025 | +13.4% | |
| 2024 | +11.6% | |
| 2023 | +20.5% | |
| 2022 | −7.6% | |
| 2021 | +7.5% |
XBAP in the news
XBAP Dividends
No distributions in the last 12 months.
XBAP Risk
- 4.9%
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.
- 1.82
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.
- −14.6%
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.
- 0.34
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XBAP Cost
0.79%
XBAP0.79%
- The middle half of S&P 500 Accelerated, 9-12% Buffer funds
- Median 0.79%
No S&P 500 Accelerated, 9-12% Buffer fund charges less.
Other funds in S&P 500 Accelerated, 9-12% Buffer
- BXBJAInnovator U.S. Equity Accelerated 9 Buffer ETFExpense ratio 0.79%1 year return +12.0%
- BXBJLInnovator U.S. Equity Accelerated 9 Buffer ETFExpense ratio 0.79%1 year return +11.4%
- BXBOCInnovator U.S. Equity Accelerated 9 Buffer ETFExpense ratio 0.79%1 year return +13.4%
- CXTJLInnovator U.S. Equity Accelerated Plus ETF - JulyExpense ratio 0.79%1 year return +15.3%