Defined Outcome ETF Overview

Defined Outcome ETFs offer investors exposure to the price return of broad equity markets to a cap, with built-in downside buffer levels, over an outcome period of approximately one year, at which point each ETF will reset.

With 141 ETFs traded on the U.S. markets, Defined Outcome ETFs have total assets under management of $9.54B. The average expense ratio is 0.81%. Defined Outcome ETFs can be found in the following asset classes:

  • Equity
  • Commodities
  • Fixed Income

The largest Defined Outcome ETF is the Nationwide Risk-Managed Income ETF NUSI with $673.79M in assets. In the last trailing year, the best-performing Defined Outcome ETF was SEPZ at 19.70%. The most recent ETF launched in the Defined Outcome space was the Innovator Emerging Markets Power Buffer ETF EOCT on 10/01/21.

Top ETF Performers

NVMZ TrueShares Structured Outcome ETF - November 1.78%
KOCT Innovator Russell 2000 Power Buffer ETF - October 0.86%
KJAN Innovator U.S. Small Cap Power Buffer ETF - January 0.77%
POCT Innovator U.S. Equity Power Buffer ETF - October 0.68%
BOCT Innovator U.S. Equity Buffer ETF - October 0.67%

Bottom ETF Performers

NUSI Nationwide Risk-Managed Income ETF -3.89%
QRMI Global X NASDAQ 100 Risk Managed Income ETF -3.74%
QCLR Global X NASDAQ 100 Collar 95-110 ETF -3.28%
YMAR FT Cboe Vest International Equity Buffer ETF - March -2.73%
XCLR Global X S&P 500 Collar 95-110 ETF -2.62%

Top Creations

PSEP Innovator U.S. Equity Power Buffer ETF - September 109.40
NUSI Nationwide Risk-Managed Income ETF 103.21
BUFR FT Cboe Vest Fund of Buffer ETF 83.24
BSEP Innovator U.S. Equity Buffer ETF - September 72.04
FSEP FT Cboe Vest U.S. Equity Buffer ETF - September 53.20

Top Redemptions

PJUL Innovator U.S. Equity Power Buffer ETF - July -25.64
PDEC Innovator U.S. Equity Power Buffer ETF - December -11.56
DNOV FT Cboe Vest U.S. Equity Deep Buffer ETF - November -10.49
BJUL Innovator U.S. Equity Buffer ETF - July -9.74
FNOV FT Cboe Vest U.S. Equity Buffer ETF - November -9.56

AUM Winners

IOCT Innovator International Developed Power Buffer ETF - October 1,202.61%
EOCT Innovator Emerging Markets Power Buffer ETF 608.58%
BALT Innovator Defined Wealth Shield ETF 264.16%
XBOC Innovator U.S. Equity Accelerated 9 Buffer ETF - October - United States of America 203.07%
FSEP FT Cboe Vest U.S. Equity Buffer ETF - September 147.43%

AUM Losers

AZAJ AllianzIM U.S. Large Cap Buffer10 Jan ETF -70.95%
AZAA AllianzIM U.S. Large Cap Buffer10 Apr ETF -59.21%
DSOC Innovator Double Stacker ETF -57.19%
AZAL AllianzIM U.S. Large Cap Buffer10 Jul ETF -52.44%
AZBA AllianzIM U.S. Large Cap Buffer20 Apr ETF -49.87%

ETF Industry Perspective

Innovator: Managing Today’s Investment Risks

The ETF issuer offers unique tools designed to solve problems for today's markets.

Index Investor Corner

Are Defined Outcome ETFs For You?

Or are there better ways to protect against market declines?

Daily ETF Watch

ETF Odds & Ends: Quiet But For Launches

Other developments during the week include expense ratio changes, scheduled share splits and index changes.

Daily ETF Watch

Innovator Debuts 6 ETFs, Resets 12

The start of October saw new funds launch and existing funds get new caps while resetting their buffers.

Daily ETF Watch

ETF Odds & Ends: Busy Week Of Launches

Plus, some new closures are on the books.

Features and News

Options Based ETFs Can Tame Risk

Options-based ETFs give advisors a way to address the combination of risks in today’s markets.

ETF Report

Innovator: ETF Solutions For A Changing Market

Innovator believes it has been leading the defined outcome ETF charge and adding enhancements to the concept over time.

Features and News

A Tamer Take On Mega Cap Growth

'NUSI' uses puts and calls to temper the volatility of mega-cap growth stocks.

Daily ETF Watch

Global X Launches 6 Options Based ETFs

The ETF issuer launched six funds that use options to limit equity risk.