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Launched

Innovator Equity Managed 10 Buffer ETF

XBFRNYSE ArcaC

$27.36−0.02 (−0.07%)

As of Oct 13, 2026, 3:43 PM

C41/ 100

Rank 56 of 77 in S&P 500 Buffer 9-12%

C41/100Rank 56 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 7 prints from 27.38 to 27.36. Range 27.35 to 27.40. Use the arrow keys to read each point.27.3527.3927.4010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$53M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
189
Avg volume · 30D
0M sh
NAV per share
$27.35
52W range
low $24.17high $28.07
Launched

The ETF.net XBFR Grade

Based on 5 of 6 pillars

C

Score 41 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
56 of 77
Six-pillar profile for XBFR. Scores out of 100: Cost 40, Risk 42, Mission not scored, Tradability 30, Holdings 67, Durability 32. Strongest: Holdings (67). Weakest: Tradability (30). Based on 5 of 6 pillars.

Score 41 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.
    C40 out of 100
    Rank 34 of 77

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C42 out of 100
    Rank 56 of 76

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D30 out of 100
    Rank 61 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 7 of 44

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D32 out of 100
    Rank 63 of 77

Our read on XBFR

ETF.net Research

CMost buffer ETFs buy their cushion with a cap on gains. XBFR skips the cap: sub-adviser Parametric runs roughly 200 large-cap stocks behind a laddered options overlay targeting a 10% quarterly buffer, upside left uncapped.

Stated mandate

Actively managed ETF seeking capital appreciation from uncapped participation in large-cap U.S. equities while limiting losses through a laddered options strategy targeting quarterly 10% buffers.

Why people hold it

  1. 01Buffer without the ceiling: the strategy targets roughly 10% of downside cushion while leaving participation in large-cap gains uncapped.innovatoretfs.com
  2. 02The cushion ladders quarterly instead of resetting on one annual date, so entry timing matters less than it does with a dated defined-outcome fund.innovatoretfs.com
  3. 03You own the stocks: Parametric manages roughly 200 large-cap names with an index options overlay, not a basket of FLEX options on a proxy.innovatoretfs.com

Worth knowing

  1. 01At 0.79% the fee sits at the middle of the shallow-buffer pack; ZALT and BUFM charge 0.69%, and PGIM's dated JUNP and AUGP charge 0.50%.
  2. 02Buffers are targets, not promises. Innovator states there is no guarantee the fund delivers the sought-after protection against index losses.innovatoretfs.com
  3. 03Launched in 2026 and lightly traded, so there is little record to judge and spreads can run wider than in the category's biggest names.

XBFR Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
189
Top-10 weight
39%
Largest holding
NVDA7.7%

Geography

  • United States98.55%
  • United Kingdom0.44%
  • Australia0.24%
  • Bermuda0.22%
  • Uruguay0.21%
  • Netherlands0.10%
  • Cayman Islands0.09%
  • Finland0.06%
  • Other countries (2)0.09%
The fund’s holdings, weight-ordered — page 1 of 13.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp7.72%18,181$4M847
002AAPLApple Inc7.34%11,487$4M715
003MSFTMicrosoft Corp5.95%5,866$3M815
004AMZNAmazon.com Inc3.78%7,765$2M736
005GOOGLAlphabet Inc3.08%4,659$2M709
006GOOGAlphabet Inc2.62%3,998$1M478
007AVGOBroadcom Inc2.42%3,636$1M754
008METAMeta Platforms Inc2.28%1,638$1M704
009—Us Bank Mmda - Usbgfs 9 09/01/20372.05%1,091,951$1M163
010TSLATesla Inc1.86%2,627$993K521
011MUMicron Technology Inc1.75%941$931K679
012AMDAdvanced Micro Devices Inc1.58%1,416$841K635
013JPMJPMorgan Chase & Co.1.54%2,463$823K481
014LLYEli Lilly & Co1.54%694$821K583
015XOMExxonMobil Holdings Corp1.28%3,972$684K511

Showing 1–15 of 189 holdings

XBFR Performance

Launched Feb 24, 2026

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.Not enough history yet.Not enough history yet.
XBFR$10,277
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. XBFR $10,277. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for XBFR. Periods over one year show the average yearly return.
PeriodXBFR
Year to dateFund launched this year—
1 month+2.3%
3 months+2.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 XBFR
YearReturn barXBFR
2026 YTD+9.1%

Since listing, Feb 24, 2026

XBFR in the news

Filtered to XBFR · S&P 500 Buffer 9-12%

XBFR Dividends

Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Mar 31, 2026 $0.008; Jun 30, 2026 $0.02; Sep 30, 2026 $0.02. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 30, 2026Oct 2, 2026$0.02
Jun 30, 2026Jul 1, 2026$0.02
Mar 31, 2026Apr 1, 2026$0.008

XBFR Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
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.
—
Launched Feb 2026; fills in after 12 months
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.
—
Launched Feb 2026; fills in after 12 months
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.
0.47
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.

XBFR Cost

Expense ratio0.79%
  • The middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

33 of the 77 S&P 500 Buffer 9-12% funds charge less.

XBFR costs $79.00 a year on $10,000. The median S&P 500 Buffer 9-12% fund costs $79.00.

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