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 145 ETFs traded on the U.S. markets, Defined Outcome ETFs have total assets under management of $10.73B. 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 FT Cboe Vest Fund of Buffer ETF BUFR with $592.06M in assets. In the last trailing year, the best-performing Defined Outcome ETF was SEPZ at 19.92%. The most recent ETF launched in the Defined Outcome space was the AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF SIXJ on 12/31/21.

Top ETF Performers

IJAN Innovator International Developed Power Buffer ETF - January 2.17%
YSEP FT Cboe Vest International Equity Buffer ETF - September 1.86%
YMAR FT Cboe Vest International Equity Buffer ETF - March 1.80%
NVMZ TrueShares Structured Outcome ETF - November 1.78%
EOCT Innovator Emerging Markets Power Buffer ETF 1.75%

Bottom ETF Performers

QCLR Global X NASDAQ 100 Collar 95-110 ETF -4.87%
TFJL Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly -2.89%
DSJA Innovator Double Stacker ETF - January -2.64%
QRMI Global X NASDAQ 100 Risk Managed Income ETF -2.19%
TSJA Innovator Triple Stacker ETF - January -2.08%

Top Creations

PDEC Innovator U.S. Equity Power Buffer ETF - December 114.32
PNOV Innovator S&P 500 Power Buffer ETF - November 41.89
FNOV FT Cboe Vest U.S. Equity Buffer ETF - November 40.35
BUFR FT Cboe Vest Fund of Buffer ETF 36.53
DNOV FT Cboe Vest U.S. Equity Deep Buffer ETF - November 27.84

Top Redemptions

QDEC FT Cboe Vest Nasdaq-100 Buffer ETF - December -56.06
PFEB Innovator U.S. Equity Power Buffer ETF - February -30.56
PAPR Innovator U.S. Equity Power Buffer ETF - April -26.88
AZBL AllianzIM U.S. Large Cap Buffer20 Jul ETF -23.06
PJUL Innovator U.S. Equity Power Buffer ETF - July -14.56

AUM Winners

XBJA Innovator U.S. Equity Accelerated 9 Buffer ETF - January 789.26%
PSFD Pacer Swan SOS Flex January ETF 607.07%
PSMD Pacer Swan SOS Moderate January ETF 180.49%
SIXJ AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF 153.69%
XDEC FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December 104.25%

AUM Losers

TSJA Innovator Triple Stacker ETF - January -65.43%
AZBL AllianzIM U.S. Large Cap Buffer20 Jul ETF -54.37%
AZAL AllianzIM U.S. Large Cap Buffer10 Jul ETF -46.55%
AZBA AllianzIM U.S. Large Cap Buffer20 Apr ETF -43.67%
PSMJ Pacer Swan SOS Moderate (July) ETF -39.77%

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