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ETFs

Innovator Buffer Step-Up Strategy ETF

BSTP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 8, 2022
Expense Ratio
0.89%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$115,718
AUM
$41,152,500
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 06/28/2024 4.49 C
97.58%
n/a
SPY 06/28/2024 443.31 P
5.37%
n/a
Cash & Other
0.04%
n/a
SPY 06/28/2024 528.83 C
-0.20%
n/a
SPY 06/28/2024 403.41 P
-2.80%
Invest with BSTP

What is BSTP?

The Innovator Buffer Step-Up Strategy ETF is an actively managed fund that seeks to provide risk managed exposure to the SPDR S&P 500 ETF Trust (SPY). The fund is a one-ticker solution designed to offer an opportunistically managed buffer strategy. The ETF is evaluated monthly and can be held indefinitely. Innovator Managed Outcome ETFs seek to offer investors exposure to strategies that implement defined outcomes in innovative ways.

ETFs related toBSTP

ETFs correlated to BSTP include PBUS, SPUU, SPLG

BSTP
Innovator ETFs Trust - Innovator Buffer Step-Up Strategy ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares

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.

Automated Strategies
Related toBSTP

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BSTP using Composer

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FAQ

BSTP is a US Equities ETF. The Innovator Buffer Step-Up Strategy ETF is an actively managed fund that seeks to provide risk managed exposure to the SPDR S&P 500 ETF Trust (SPY). The fund is a one-ticker solution designed to offer an opportunistically managed buffer strategy. The ETF is evaluated monthly and can be held indefinitely. Innovator Managed Outcome ETFs seek to offer investors exposure to strategies that implement defined outcomes in innovative ways.

BSTP tracks the SPDR S&P 500 ETF Trust.

No, BSTP 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, BSTP 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 BSTP is -0.0061%. This is the percent change in the value of BSTP over the most recent 1-month period. The 3-month return on BSTP is 0.0007%. This is the percent change in the value of BSTP over the most recent 3-month period.

The standard deviation of BSTP for the past year is 0.1266%. 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 BSTP include DJUL, DAUG, and FAUG.

ETFs correlated to BSTP include PBUS, SPUU, and SPLG.

ETFs that are inversely correlated to BSTP include SPXS, SDS, 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.