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ETFs

Innovator Power Buffer Step-Up Strategy ETF

PSTP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 8, 2022
Expense Ratio
0.89%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$210,492
AUM
$78,912,500
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 08/30/2024 4.53 C
96.75%
n/a
SPY 08/30/2024 450.38 P
6.26%
n/a
Cash & Other
0.08%
n/a
SPY 08/30/2024 517.68 C
-0.73%
n/a
SPY 08/30/2024 382.81 P
-2.36%
Invest with PSTP

What is PSTP?

The Innovator Power 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 toPSTP

ETFs correlated to PSTP include VOTE, SPUU, VV

PSTP
Innovator ETFs Trust - Innovator Power Buffer Step-Up Strategy ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
ESGU
iShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF

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 toPSTP

#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 PSTP using Composer

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FAQ

PSTP is a US Equities ETF. The Innovator Power 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.

PSTP tracks the SPDR S&P 500 ETF Trust.

No, PSTP 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, PSTP 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 PSTP is -0.0043%. This is the percent change in the value of PSTP over the most recent 1-month period. The 3-month return on PSTP is -0.0046%. This is the percent change in the value of PSTP over the most recent 3-month period.

The standard deviation of PSTP for the past year is 0.0938%. 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 PSTP include DJUL, DAUG, and FAUG.

ETFs correlated to PSTP include VOTE, SPUU, and VV.

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

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.