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Launched

Innovator Uncapped Accelerated U.S. Equity ETF

XUSPCboeInnovatorB

$52.23−0.31 (−0.60%)

As of Nov 2, 2026, 3:59 PM ET

B55/ 100

Rank 6 of 12 in S&P 500 Accelerated

B55/100Rank 6 of 12inS&P 500 Accelerated
Intraday session: down, 78 prints from 52.55 to 52.23. Range 52.23 to 53.26. Use the arrow keys to read each point.52.4052.8053.0053.2010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$53M
1Y total return
+9.6%
Yield · Last 12 months
No data
Holdings
9
Avg volume · 30D
3.85K sh
52W range
low $42.63high $55.40
Launched

The ETF.net XUSP Grade

Based on 4 of 6 pillars

B

Score 55 out of 100

Category
S&P 500 Accelerated⁠
Rank
6 of 12
Six-pillar profile for XUSP. Scores out of 100: Cost 63, Risk 20, Mission not scored, Tradability 71, Holdings not scored, Durability 72. Strongest: Durability (72). Weakest: Risk (20). Based on 4 of 6 pillars.

Score 55 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.
    B63 out of 100
    Rank 3 of 12

  • 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.
    F20 out of 100
    Rank 11 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A71 out of 100
    Rank 2 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A72 out of 100
    Rank 2 of 12

Our read on XUSP

ETF.net Research

In short

BMost accelerated funds buy extra upside by selling you a cap. XUSP skips the cap: each option package sits out SPY's first 5% of gains, then aims to amplify what comes after, on a rolling quarterly ladder.

Stated mandate

XUSP seeks potential to outperform SPY’s price return once its performance thresholds are exceeded. It pursues uncapped enhanced upside through four one-year FLEX option packages with laddered quarterly expirations; each package does not participate in SPY’s first 5% of gains.

Why people hold it

  • Uncapped by design. Where most enhanced-upside strategies bolt a ceiling onto the payoff, this one aims to keep amplifying SPY's advance above the threshold.globenewswire.com
  • Four one-year FLEX option packages expire on a quarterly ladder, so no single start date sets the terms for your whole position the way a dated outcome fund does.innovatoretfs.com
  • At 0.79%, the fee sits level with the median for accelerated SPY strategies, including Innovator siblings XTAP and XDSQ. The uncapped twist doesn't cost more.

Worth knowing

  • The 5% giveback is the price of admission. Each package skips SPY's first 5% of gains, which stings most in flat or single-digit years.innovatoretfs.com
  • The engineering is all on the upside. There's no buffer, and the reference point is SPY's price return, so dividends sit outside the payoff.innovatoretfs.com
  • Small and thinly traded next to plain index funds, so limit orders and avoiding the opening and closing minutes are worth the habit.

XUSP Performance

Launched Aug 11, 2022

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.
XUSP$10,957
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. XUSP $10,957. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 XUSP. Periods over one year show the average yearly return.
PeriodXUSP
Year to date+10.6%
1 month−1.9%
3 months+0.4%
1 year+9.6%
3 yearsper year+26.5%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 XUSP
YearReturn barXUSP
2026 YTD+10.6%
2025+18.3%
2024+30.6%
2023+26.5%
2022−9.2%

Since listing, Aug 11, 2022

XUSP in the news

XUSP Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

XUSP Risk

Risk pillarF20 out of 100Rank 11 of 11 in S&P 500 Accelerated
How much the fund’s monthly returns vary, scaled to a year.
16.9%
Annualised · 36 months to Oct 2026
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.
1.23
vs 3-month T-bills · to Oct 2026
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.
−22.6%
50 months · trough Apr 2025
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.
1.36
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.

FMP measures it over up to five years of monthly returns.

XUSP Cost

Compare XUSP and TWOX

Overpaying vs TWOX, cheapest in S&P 500 Accelerated

$4,638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XUSP 0.79%

    $15,174

  • TWOX 0.53% Cheapest

    $10,536

$10,000
30 years

Cost over time

  • XUSP 0.79%
  • TWOX 0.53%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XUSP $15,174TWOX $10,536

Year by year

YearXUSPTWOXOverpaying
10$1,405$953$452
20$5,331$3,658$1,673
30$15,174$10,536$4,638

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