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 127 ETFs traded on the U.S. markets, Defined Outcome ETFs have total assets under management of $8.46B. 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 $455.63M in assets. In the last trailing year, the best-performing Defined Outcome ETF was JULZ at 26.39%. The most recent ETF launched in the Defined Outcome space was the FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - June XJUN on 07/12/21.

Top ETF Performers

SEPZ TrueShares Structured Outcome ETF - September 3.58%
AUGZ TrueShares Structured Outcome ETF - August 3.55%
NUSI Nationwide Risk-Managed Income ETF 3.55%
NVMZ TrueShares Structured Outcome ETF - November 3.34%
OCTZ TrueShares Structured Outcome ETF - October 3.26%

Bottom ETF Performers

EJUL Innovator MSCI Emerging Markets Power Buffer ETF - July -2.88%
KJUL Innovator Russell 2000 Power Buffer ETF - July -2.39%
KAPR Innovator Russell 2000 Power Buffer ETF - April -2.34%
EAPR Innovator MSCI Emerging Markets Power Buffer ETF - April -1.72%
EJAN Innovator MSCI Emerging Markets Power Buffer ETF - January -1.52%

Top Creations

PJUN Innovator S&P 500 Power Buffer ETF - June 137.61
BJUN Innovator S&P 500 Buffer ETF - June 57.90
NUSI Nationwide Risk-Managed Income ETF 45.51
FJUN FT Cboe Vest U.S. Equity Buffer ETF - June 37.38
BUFD FT Cboe Vest Fund of Deep Buffer ETFs 32.13

Top Redemptions

PAPR Innovator S&P 500 Power Buffer ETF - April -51.65
FNOV FT Cboe Vest U.S. Equity Buffer ETF - November -46.94
PSEP Innovator S&P 500 Power Buffer ETF - September -36.71
FFEB FT Cboe Vest U.S. Equity Buffer ETF - February -35.91
FAUG FT Cboe Vest U.S. Equity Buffer ETF - August -33.07

AUM Winners

QJUN First Trust Cboe Vest Growth-100 Buffer ETF - June 592.54%
XBJL Innovator U.S. Equity Accelerated 9 Buffer ETF - July 556.07%
PSFJ Pacer Swan SOS Flex (July) ETF 355.27%
PSMJ Pacer Swan SOS Moderate (July) ETF 353.52%
BALT Innovator Defined Wealth Shield ETF 300.44%

AUM Losers

IAPR Innovator MSCI EAFE Power Buffer ETF - April -27.30%
DAPR FT Cboe Vest U.S. Equity Deep Buffer ETF - April -25.34%
MARZ TrueShares Structured Outcome ETF - March -24.97%
DJAN FT Cboe Vest U.S. Equity Deep Buffer ETF - January -23.90%
IJAN Innovator MSCI EAFE Power Buffer ETF - January -15.28%

ETF.com Analysis

Breaking Down 1H 2021 ETF Launches

A strong first half saw more than 200 ETF launches.

ETF.com Analysis

Breaking Down 1H 2021 ETF Launches

A strong first half saw more than 200 ETF launches.

Daily ETF Watch

First Trust Takes New Buffered ETF Angle

XJUN offers some leveraged upside in addition to downside protection.

Features and News

ETF Battles: JEPI Vs. QYLD, NUSI & RYLD

Are you ready to rumble? Enjoy the quadruple-header debate about which income ETF is best!

Features and News

ETF Battles: JEPI Vs. QYLD, NUSI & RYLD

Are you ready to rumble? Enjoy the quadruple-header debate about which income ETF is best!

Daily ETF Watch

Pacer Debuts 3rd Buffer ETF Series

It’s the latest set of defined outcome funds from the issuer.

Daily ETF Watch

New Angle On Defined Outcome ETFs

Innovator expands its ‘Accelerated’ family and adds a new product designed for the very risk-averse investor.

Daily ETF Watch

Medical Device ETF Debuts

'MDEV' is the first ETF focused solely on global medical device makers.

Daily ETF Watch

First Trust Adds To Buffer ETF Families

The new ETFs are tied to the performance of the Nasdaq-100 and MSCI EAFE indexes.