BUFB ETF — Innovator Laddered Allocation Buffer ETF

Innovator Laddered Allocation Buffer ETF (BUFB)

Updated October 16, 2026.

BUFB is an ETF. its expense ratio is 0.89%. Total return is 60.2% over the past 4.7 years, 17.5 points behind SPY at 77.7%.

Innovator Laddered Allocation Buffer ETF is an equity fund that invests at least 80% of its assets in multiple buffer ETFs with different reset dates, a strategy designed to reduce timing risk by spreading exposure across several similar securities rather than concentrating in a single investment. The fund does not currently distribute income. With an expense ratio of 0.89%, it is structured to appeal to investors seeking downside protection through options-based strategies while maintaining equity market exposure.

BUFB performance versus SPY

Price and return data through 2026-10-16.

Total return is 60.2% over the past 4.7 years, 17.5 points behind SPY at 77.7%. Over the past year its total return — price change plus distributions reinvested — is 13.4%. Its deepest 1-year drawdown was 5.1%.

BUFB key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

02/08/2022

Expense ratio

0.89%

Distribution frequency

None

Last close

$40.28 (as of 2026-10-16)

AUM

$342,880,008

Average volume

35880.0

Beta

0.62

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.

BUFB risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.1%.

Who may consider BUFB — and who may not

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

• All tickers starting with B

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from Innovator ETFs.