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 148 ETFs traded on the U.S. markets, Defined Outcome ETFs have total assets under management of $13.41B. The average expense ratio is 1.15%. Defined Outcome ETFs can be found in the following asset classes:

  • Equity
  • Commodities
  • Fixed Income

The largest Defined Outcome ETF is the FT Cboe Vest Fund of Buffer ETF BUFR with $739.90M in assets. In the last trailing year, the best-performing Defined Outcome ETF was DFEB at 1.01%. The most recent ETF launched in the Defined Outcome space was the Innovator Buffer Step-Up Strategy ETF BSTP on 03/08/22.

Top ETF Performers

NVMZ TrueShares Structured Outcome ETF - November 1.78%
AZAL AllianzIM U.S. Large Cap Buffer10 Jul ETF --
AZAJ AllianzIM U.S. Large Cap Buffer10 Jan ETF --
AZBJ AllianzIM U.S. Large Cap Buffer20 Jan ETF --
AZAO AllianzIM U.S. Large Cap Buffer10 Oct ETF --

Bottom ETF Performers

TSJA Innovator Triple Stacker ETF - January -7.74%
DSJA Innovator Double Stacker ETF - January -7.50%
DSOC Innovator Double Stacker ETF -7.35%
TSOC Innovator Triple Stacker ETF - October -6.75%
BGLD FT Cboe Vest Gold Strategy Quarterly Buffer ETF -6.40%

Top Creations

PAPR Innovator U.S. Equity Power Buffer ETF - April 134.41
BUFR FT Cboe Vest Fund of Buffer ETF 56.13
FAPR FT Cboe Vest U.S Equity Buffer ETF - April 45.64
FMAR FT Cboe Vest U.S. Equity Buffer ETF - March 45.24
BUFD FT Cboe Vest Fund of Deep Buffer ETFs 44.07

Top Redemptions

FAUG FT Cboe Vest U.S. Equity Buffer ETF - August -24.51
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May -24.30
FOCT FT Cboe Vest U.S. Equity Buffer ETF - October -20.82
BJAN Innovator U.S. Equity Buffer ETF -19.72
PMAY Innovator U.S. Equity Power Buffer ETF - May -12.54

AUM Winners

FMAY FT Cboe Vest U.S. Equity Buffer ETF - May 173.52%
BMAY Innovator U.S. Equity Buffer ETF - May 123.55%
DAPR FT Cboe Vest U.S. Equity Deep Buffer ETF - April 112.48%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May 75.43%
PSTP Innovator Power Buffer Step-Up Strategy ETF 74.88%

AUM Losers

TFJL Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly -48.63%
AZBJ AllianzIM U.S. Large Cap Buffer20 Jan ETF -37.96%
FOCT FT Cboe Vest U.S. Equity Buffer ETF - October -19.06%
PFEB Innovator U.S. Equity Power Buffer ETF - February -14.53%
FAUG FT Cboe Vest U.S. Equity Buffer ETF - August -12.59%

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