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 60 ETFs traded in the U.S. markets, Defined Outcome ETFs gather total assets under management of $3.73B. The average expense ratio is 0.81%. Defined Outcome ETFs can be found in the following asset classes:

  • Equity

The largest Defined Outcome ETF is the Innovator S&P 500 Power Buffer ETF - January PJAN with $251.32M in assets. In the last trailing year, the best performing Defined Outcome ETF was the PJUN at 7.44%. The most-recent ETF launched in the Defined Outcome space was the FT Cbobe Vest U.S. Equity Deep Buffer ETF - July DJUL in 07/17/20.

Top ETF Performers

EJAN Innovator MSCI Emerging Markets Power Buffer ETF - January 5.95%
UAUG Innovator S&P 500 Ultra Buffer ETF - August 5.41%
BAUG Innovator S&P 500 Buffer ETF - August 5.36%
BSEP Innovator S&P 500 Buffer ETF - September 5.16%
BJUL Innovator S&P 500 Buffer ETF - July 5.14%

Bottom ETF Performers

FJUL FT Cboe Vest U.S. Equity Buffer ETF - July --
NJUL Innovator Nasdaq-100 Power Buffer ETF - July --
KJUL Innovator Russell 2000 Power Buffer ETF - July --
DJUL FT Cbobe Vest U.S. Equity Deep Buffer ETF - July --
NOCT Innovator Nasdaq-100 Power Buffer ETF - October 1.22%

Top Creations

PJUN Innovator S&P 500 Power Buffer ETF - June 84.36
PJAN Innovator S&P 500 Power Buffer ETF - January 32.16
FJUN FT Cboe Vest U.S. Equity Buffer ETF - June 23.89
PFEB Innovator S&P 500 Power Buffer ETF - February 23.46
DFEB FT Cboe Vest U.S. Equity Deep Buffer ETF - February 20.77

Top Redemptions

PJUL Innovator S&P 500 Power Buffer ETF - July -58.48
UJUL Innovator S&P 500 Ultra Buffer ETF - July -58.23
DAUG FT Cboe Vest U.S. Equity Deep Buffer ETF - August -36.30
UOCT Innovator S&P 500 Ultra Buffer ETF - October -12.53
PAPR Innovator S&P 500 Power Buffer ETF - April -11.00

AUM Winners

NJUL Innovator Nasdaq-100 Power Buffer ETF - July 739.84%
KJUL Innovator Russell 2000 Power Buffer ETF - July 558.15%
DJUL FT Cbobe Vest U.S. Equity Deep Buffer ETF - July 99.93%
FJUL FT Cboe Vest U.S. Equity Buffer ETF - July 80.56%
BDEC Innovator S&P 500 Buffer ETF - December 39.99%

AUM Losers

NOCT Innovator Nasdaq-100 Power Buffer ETF - October -34.75%
BOCT Innovator S&P 500 Buffer ETF - October -32.22%
NAPR Innovator Nasdaq-100 Power Buffer ETF - April -30.77%
BJUL Innovator S&P 500 Buffer ETF - July -27.61%
BAUG Innovator S&P 500 Buffer ETF - August -21.06%

Daily ETF Watch

TrueMark Debuts 2nd Defined Outcome ETF

Newest competitor in the space expands lineup.

Daily ETF Watch

3 Firms Debut Defined Outcome ETFs

One is a newcomer to the space.

Daily ETF Watch

Defined Outcome ETFs Launch, Reset

A pair of Innovator ETFs launched today, while another three marked their annual reset.

ETF Industry Perspective

Innovator: Why Earn Your Money Twice?

Own the market with a built-in buffer. Innovator ETFs’ Bruce Bond discusses the massive inflows into the firm’s defined outcome products.

Webinars

Playing Defense: Under the Hood of Defined Outcome ETFs

You only have to read one day's worth of headlines to understand why many investors are a little nervous about their equity allocation for the coming year.

December 10, 2019

Features and News

ETF Investing Guardrails

How defined outcome ETFs can work in your portfolio.

Daily ETF Watch

Dec Defined Outcome ETFs Debut

Innovator has rolled out its December tranche of buffered ETFs.

Daily ETF Watch

First Trust Adds To Defined Outcome ETFs

New ETFs will reset every November.