Innovator ETFsDefined OutcomeUSEP · Cboe BZX

Innovator U.S. Equity Ultra Buffer ETF - September (USEP)

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Price: $41.99; —11 Sept 2026
Assets: $146M; Total net assets
Expense ratio: 0.79%; Category 0.76%
Yield: 0.00%; Trailing distributions

1Y return: 9.2%-1.0%; Category 10.2%
3Y CAGR: 11.9%-0.8%; Category 12.7%
5Y CAGR: 8.4%-0.4%; Category 8.8%

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Innovator U.S. Equity Ultra Buffer ETF - September

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+0.2%	+2.2%	+8.0%	+6.8%	+9.2%	+11.9%	+8.4%	—	+8.0%
Defined Outcome average	0.0%	2.2%	8.0%	7.3%	10.2%	12.7%	8.8%	—	9.0%
Difference	+0.2%	0.0%	0.0%	-0.6%	-1.0%	-0.8%	-0.4%	—	-1.0%

Holdings

Allocation as last published by the fund.

Sector allocation

Share of the equity the fund holds.

Technology38.5%
Financial services12.1%
Communication services9.6%
Consumer discretionary9.4%
Health care9.3%
Industrials7.8%
Consumer staples4.5%
Energy3.4%
Utilities2.0%
Real estate1.8%
Materials1.7%

Asset mix

Stocks93.1%
Cash6.9%

ETF details

Issuer: Innovator ETFs
Category: Alternatives · Defined Outcome
Ticker: USEP
Exchange: Cboe BZX
Inception: 30 Aug 2019 (7.0 years)
Structure: Exchange Traded Fund
Expense ratio: 0.79% (category 0.76%)
Holdings turnover: 0% (category 4%)
Distribution yield: 0.00%
Beta, 3 years: 0.49
Total net assets: $146M

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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