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ETFs

Innovator U.S. Equity Power Buffer ETF - February

PFEB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 03 2020
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$2,360,818
AUM
$572,000,000
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
SPY 01/31/2024 4.06 C
96.60%
n/a
SPY 01/31/2024 406.48 P
7.65%
n/a
Cash & Other
0.21%
n/a
SPY 01/31/2024 464.77 C
-1.20%
n/a
SPY 01/31/2024 345.51 P
-3.27%
Invest with PFEB

What is PFEB?

The Innovator S&P 500 Power Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

ETFs related toPFEB

ETFs correlated to PFEB include GFEB, FFEB, FMAR

PFEB
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - February
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February
FMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - March
BMAR
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - March
FJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - January
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X 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 toPFEB

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PFEB using Composer

FAQ

PFEB is a US Equities ETF. The Innovator S&P 500 Power Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

PFEB tracks the S&P 500 Index.

No, PFEB 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, PFEB 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 PFEB is -0.0007%. This is the percent change in the value of PFEB over the most recent 1-month period. The 3-month return on PFEB is 0.0123%. This is the percent change in the value of PFEB over the most recent 3-month period.

The standard deviation of PFEB for the past year is 0.116%. 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 PFEB include BOCT, UMAR, and POCT.

ETFs correlated to PFEB include GFEB, FFEB, and FMAR.

ETFs that are inversely correlated to PFEB include SH, 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.