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 73 ETFs traded on the U.S. markets, Defined Outcome ETFs have total assets under management of $5.26B. The average expense ratio is 0.82%. Defined Outcome ETFs can be found in the following asset classes:

  • Equity
  • Fixed Income

The largest Defined Outcome ETF is the FT Cboe Vest U.S. Equity Deep Buffer ETF - February DFEB with $386.60M in assets. In the last trailing year, the best-performing Defined Outcome ETF was BOCT at 13.49%. The most recent ETF launched in the Defined Outcome space was the Innovator Double Stacker 9 Buffer ETF - January DBJA on 01/04/21.

Top ETF Performers

KJAN Innovator Russell 2000 Power Buffer ETF - January 2.92%
EJAN Innovator MSCI Emerging Markets Power Buffer ETF - January 2.54%
IJAN Innovator MSCI EAFE Power Buffer ETF - January 1.94%
BFEB Innovator S&P 500 Buffer ETF - February 1.30%
NOCT Innovator Nasdaq-100 Power Buffer ETF - October 1.26%

Bottom ETF Performers

TBJL Innovator 20+ Year Treasury Bond 9 Buffer ETF - July -1.63%
NJAN Innovator Nasdaq-100 Power Buffer ETF - January -0.37%
DBJA Innovator Double Stacker 9 Buffer ETF - January --
FDEC First Trust Cboe Vest U.S. Equity Buffer ETF - December --
QDEC First Trust Cboe Vest Growth-100 Buffer ETF – December --

Top Creations

PDEC Innovator S&P 500 Power Buffer ETF - December 145.44
BDEC Innovator S&P 500 Buffer ETF - December 70.53
UDEC Innovator S&P 500 Ultra Buffer ETF - December 32.46
FNOV FT Cboe Vest U.S. Equity Buffer ETF - November 27.93
QDEC First Trust Cboe Vest Growth-100 Buffer ETF – December 17.92

Top Redemptions

PSEP Innovator S&P 500 Power Buffer ETF - September -42.92
DFEB FT Cboe Vest U.S. Equity Deep Buffer ETF - February -21.30
PJAN Innovator S&P 500 Power Buffer ETF - January -20.51
BUFF Innovator Laddered Fund of S&P 500 Power Buffer ETF -16.57
BJAN Innovator S&P 500 Buffer ETF - January -15.51

AUM Winners

QDEC First Trust Cboe Vest Growth-100 Buffer ETF – December 2,002.37%
YDEC FT Cboe Vest International Equity Buffer ETF - December 155.90%
EJAN Innovator MSCI Emerging Markets Power Buffer ETF - January 99.58%
NJAN Innovator Nasdaq-100 Power Buffer ETF - January 84.71%
KJAN Innovator Russell 2000 Power Buffer ETF - January 72.02%

AUM Losers

KAPR Innovator Russell 2000 Power Buffer ETF - April -34.03%
BUFF Innovator Laddered Fund of S&P 500 Power Buffer ETF -25.15%
UFEB Innovator S&P 500 Ultra Buffer ETF - February -21.66%
PJUL Innovator S&P 500 Power Buffer ETF - July -19.23%
DAUG FT Cboe Vest U.S. Equity Deep Buffer ETF - August -18.15%

Daily ETF Watch

First Trust Adds Buffered Gold ETF

It also launched a second laddered ETF-of-ETFs that holds other defined outcome funds. 

Daily ETF Watch

First Trust Adds January Defined Outcome ETFs

The issuer's family of defined outcome funds is almost complete.

Daily ETF Watch

TrueShares Adds ETF With January Reset

A new ETF from TrueMark brings it closer to completing its defined outcome lineup. 

Daily ETF Watch

Innovator Adds 2nd Series Of Stacker ETFs

The funds offer upside exposure to multiple other ETFs but downside exposure to only one. 

ETF Report

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Daily ETF Watch

Flurry Of Last-Minute 2020 ETF Launches

Launches snowballed after Christmas, pushing past old records.

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ETF Report

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Some interesting themes emerge with a little digging.

Daily ETF Watch

TrueShares Nov. Defined Outcome ETF Debuts

TrueMark Investments rolls out its fifth defined outcome ETF.