BFEB ETF — Innovator S&P 500 Buffer ETF - February

Innovator S&P 500 Buffer ETF - February (BFEB)

Updated October 16, 2026.

BFEB is an ETF. its expense ratio is 0.79%. Total return is 119.1% over the past 6.7 years, 39.9 points behind SPY at 159.0%.

Innovator S&P 500 Buffer ETF - February is an ETF that invests at least 80% of its net assets in customizable FLEX Options referencing the S&P 500, seeking to provide downside protection while maintaining upside exposure through an options-based strategy. The fund does not currently distribute income and carries an expense ratio of 0.79%. This fund may appeal to equity investors seeking alternative structures for managing S&P 500 exposure, though it involves options-related risks including counterparty exposure and potential liquidity constraints.

BFEB performance versus SPY

Price and return data through 2026-10-16.

Total return is 119.1% over the past 6.7 years, 39.9 points behind SPY at 159.0%. Over the past year its total return — price change plus distributions reinvested — is 15.4%. Its deepest 1-year drawdown was 6.4%.

BFEB key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

01/31/2020

Expense ratio

0.79%

Distribution frequency

None

Last close

$54.10 (as of 2026-10-16)

AUM

$208,047,727

Average volume

8319.0

Beta

0.65

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Innovator ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BFEB risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.4%.

Who may consider BFEB — and who may not

It is a weaker fit for investors who need monthly cash flow (BFEB does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BFEB

• All tickers starting with B

Tagged: Downside Protection, Options, Target, S&P500.

Frequently asked questions

More securities from Innovator ETFs.