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ETFs

Innovator Defined Wealth Shield ETF

BALT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 30, 2021
Expense Ratio
0.69%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$3,182,798
AUM
$439,082,000
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 09/29/2023 1.11 C
97.07%
n/a
SPY 09/29/2023 443.28 P
2.87%
n/a
Cash & Other
0.07%
n/a
SPY 09/29/2023 454.63 C
0.00%
n/a
SPY 09/29/2023 354.62 P
-0.01%
Invest with BALT

What is BALT?

The Innovator Defined Wealth Shield ETF seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), to a cap, and provide a measure of downside protection by seeking to buffer investors against losses. The ETF targets a 20% buffer every 3-month outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of buffers against loss. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options. Although the ETF targets a 20% buffer, if may fall into a range of 15-20%; there is no guarantee that the buffer will be within this range or that the Fund will provide the buffer.

ETFs related toBALT

ETFs correlated to BALT include GAUG, GJUL, AUGW

BALT
Innovator ETFs Trust - Innovator Defined Wealth Shield ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
DSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - September
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February
USEP
Innovator ETFs Trust - Innovator U.S. Equity Ultra Buffer ETF - September
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September
PDEC
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - December

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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FAQ

BALT is a US Equities ETF. The Innovator Defined Wealth Shield ETF seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), to a cap, and provide a measure of downside protection by seeking to buffer investors against losses. The ETF targets a 20% buffer every 3-month outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of buffers against loss. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options. Although the ETF targets a 20% buffer, if may fall into a range of 15-20%; there is no guarantee that the buffer will be within this range or that the Fund will provide the buffer.

BALT tracks the SPDR S&P 500 ETF Trust.

No, BALT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BALT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BALT is -0.0032%. This is the percent change in the value of BALT over the most recent 1-month period. The 3-month return on BALT is -0.0014%. This is the percent change in the value of BALT over the most recent 3-month period.

The standard deviation of BALT for the past year is 0.0297%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BALT include DJUL, DMAY, and DAUG.

ETFs correlated to BALT include GAUG, GJUL, and AUGW.

ETFs that are inversely correlated to BALT include SDS, SPXS, and SPDN.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.