Skip to content
etf.net

XBFR

GradeCNew York Stock Exchange Arca

Innovator Equity Managed 10 Buffer ETF

Buffered · Innovator · Inception 2026-02-24

$27.04−0.06 (−0.23%)

As of Sep 23, 2026, 10:46 AM EDT

History starts Feb 24, 2026.History starts Feb 24, 2026.
Intraday session: down, 2 prints from 27.10 to 27.04. Range 27.04 to 27.10. Use the arrow keys to read each point.$27.06$27.08$27.1010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$50M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
195
Volume · 30D
0M sh
NAV per share
$26.79
52W range
low $24.17high $28.07

The ETF.net XBFR Grade

C

42/ 100

Rank 55 of 77 in S&P 500 Buffer 9-12%⁠

Confidence Medium

Six-pillar profile for XBFR. Scores out of 100: Cost 40, Risk 51, Mission not scored, Tradability 24, Holdings 70, Durability 33. Strongest: Holdings (70). Weakest: Tradability (24). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 42 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.
    CScore 40
    Category rank59/77 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 51
    Category rank40/73 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 24
    Category rank65/77 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank5/42 · top 12%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 33
    Category rank64/77 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 22, 2026, 10:01 PM
Asset class
Other
Holdings
195
Top-10 weight
39%
Largest holding
NVDA7.8%

Geography

  • United States98.56%
  • United Kingdom0.44%
  • Australia0.23%
  • Bermuda0.23%
  • Uruguay0.19%
  • 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 Corp7.84%17,715$4M828
002AAPLApple Inc7.38%11,193$4M707
003MSFTMicrosoft Corp5.58%5,716$3M792
004AMZNAmazon.com Inc3.80%7,566$2M720
005GOOGLAlphabet Inc3.14%4,540$2M704
006GOOGAlphabet Inc2.66%3,896$1M471
007AVGOBroadcom Inc2.50%3,543$1M732
008METAMeta Platforms Inc2.30%1,596$1M683
009—US BANK MMDA - USBGFS 9 09/01/20372.28%1,173,060$1M161
010TSLATesla Inc1.87%2,560$961K509
011MUMicron Technology Inc1.86%917$957K655
012AMDAdvanced Micro Devices Inc1.65%1,380$849K618
013JPMJPMORGAN CHASE & CO.1.64%2,400$845K478
014LLYEli Lilly & Co1.53%677$789K569
015BRK-BBerkshire Hathaway Inc1.25%1,280$643K359

Showing 1–15 of 189 holdings

XBFR Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XBFR$10,240
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. XBFR $10,240. SPY $10,415. Use the arrow keys to read each point.$9,736$10,119$10,503Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for XBFR. Periods over one year show the average yearly return.
PeriodXBFR
Year to dateFund launched this year—
1 month+1.3%
3 months+2.4%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+7.8%

Since listing, Feb 24, 2026

XBFR in the news

ETF.net Research hasn’t filed on XBFR yet — coverage lands here as it’s written.

XBFR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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. 2 payments in 2026 YTD. Mar 31, 2026 $0.008; Jun 30, 2026 $0.02. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
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.