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ETFs

Innovator Buffer Step-Up Strategy ETF

BSTP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 08 2022
Expense Ratio
0.89%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$390,109
AUM
$36,974,000
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 02/29/2024 3.99 C
100.06%
n/a
SPY 02/29/2024 396.25 P
2.48%
n/a
Cash & Other
0.11%
n/a
SPY 02/29/2024 479.47 C
-1.27%
n/a
SPY 02/29/2024 360.61 P
-1.37%
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 IYY, ILCB, PBUS

BSTP
Innovator ETFs Trust - Innovator Buffer Step-Up Strategy ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
ILCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar U.S. Equity ETF
PBUS
Invesco Capital Management LLC - Invesco PureBeta SM MSCI USA ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust

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

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BSTP using Composer

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 0.0292%. This is the percent change in the value of BSTP over the most recent 1-month period. The 3-month return on BSTP is 0.0924%. 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 0.1498%. 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 BUFR, DAUG, and FAUG.

ETFs correlated to BSTP include IYY, ILCB, and PBUS.

ETFs that are inversely correlated to BSTP include SPDN, SH, and SDS.

Disclaimers

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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.