BSEP ETF — Innovator S&P 500 Buffer ETF - September

Innovator S&P 500 Buffer ETF - September (BSEP)

Updated October 16, 2026.

BSEP is an ETF. its expense ratio is 0.79%. Total return is 123.7% over the past 7.1 years, 67.8 points behind SPY at 191.5%.

Innovator S&P 500 Buffer ETF - September is an ETF that provides exposure to the S&P 500 through the SPDR S&P 500 ETF Trust, with a structure designed to offer downside protection through options strategies. The fund does not currently distribute income, with its most recent payout characterized as special or one-time and not expected to recur regularly. The fund carries an expense ratio of 0.79% and appeals to equity investors seeking S&P 500 exposure combined with downside buffer protection strategies.

BSEP performance versus SPY

Price and return data through 2026-10-16.

Total return is 123.7% over the past 7.1 years, 67.8 points behind SPY at 191.5%. Over the past year its total return — price change plus distributions reinvested — is 12.8%. Its deepest 1-year drawdown was 5.7%.

BSEP key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

08/30/2019

Expense ratio

0.79%

Distribution frequency

None

Last close

$54.05 (as of 2026-10-16)

AUM

$469,708,166

Average volume

82348.0

Ex-dividend date

11/19/2019

Payment date

11/21/2019

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.

BSEP risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.7%.

Who may consider BSEP — and who may not

It is a weaker fit for investors who need monthly cash flow (BSEP 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 BSEP

• All tickers starting with B

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

Frequently asked questions

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