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ETFs

Innovator U.S. Equity Accelerated ETF - October

XDOC
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 30 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$38,953
AUM
$38,536,500
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 09/29/2023 3.61 C
96.30%
n/a
SPY 09/29/2023 357.17 C
13.24%
n/a
Cash & Other
0.25%
n/a
SPY 09/29/2023 406.11 C
-9.80%
Invest with XDOC

What is XDOC?

The Innovator U.S. Equity Accelerated ETF seeks to provide double (2x) the upside return of SPY (SPDR S&P 500 ETF Trust), to a cap, with approximately single exposure to the downside, over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of downside exposure. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

ETFs related toXDOC

ETFs correlated to XDOC include BMAR, GFEB, FMAR

XDOC
Innovator ETFs Trust - Innovator U.S. Equity Accelerated ETF - October
BMAR
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - March
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
FMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - March
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February
FAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - April
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
FJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - January
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity 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.

FAQ

XDOC is a US Equities ETF. The Innovator U.S. Equity Accelerated ETF seeks to provide double (2x) the upside return of SPY (SPDR S&P 500 ETF Trust), to a cap, with approximately single exposure to the downside, over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of downside exposure. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

XDOC tracks the SPDR S&P 500 ETF Trust.

No, XDOC 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, XDOC 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 XDOC is -0.0023%. This is the percent change in the value of XDOC over the most recent 1-month period. The 3-month return on XDOC is 0.0485%. This is the percent change in the value of XDOC over the most recent 3-month period.

The standard deviation of XDOC for the past year is 0.2229%. 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 XDOC include FMAY, FSEP, and DAUG.

ETFs correlated to XDOC include BMAR, GFEB, and FMAR.

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

Yes, XDOC is a Leveraged (2x) ETF: This means that XDOC will try to match the performance of SPDR S&P 500 ETF Trust, but with 2x the returns.

Yes, XDOC is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of SPDR S&P 500 ETF Trust, but move 2x in the opposite direction.

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.