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ETFs

Innovator Uncapped Accelerated U.S. Equity ETF

XUSP
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 11, 2022
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$106,113
AUM
$16,230,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
SPY 09/29/2023 3.63 C
25.23%
—
SPY 12/29/2023 3.86 C
25.12%
—
SPY 03/28/2024 4.13 C
25.03%
—
SPY 06/28/2024 4.47 C
23.89%
—
SPY 09/29/2023 375.04 C
4.84%
—
SPY 12/29/2023 401.55 C
3.35%
—
SPY 03/28/2024 429.86 C
2.44%
—
SPY 06/28/2024 465.44 C
1.34%
—
Cash & Other
0.07%
—
SPY 06/28/2024 443.29 C
-1.39%
Invest with XUSP
Trade XUSP Options

What is XUSP?

The Innovator Uncapped Accelerated U.S. Equity ETF seeks to provide the potential to outperform the price return of the SPDR S&P 500 ETF Trust (SPY), after achieving performance thresholds. The Fund is an actively managed exchange-traded fund ("ETF") that invests in option contracts designed to provide returns, at the expiration of the Fund's option contracts, that are at a rate that is greater than the price return increases, if any, of the SPDR S&P 500 ETF Trust (the "Underlying ETF") following the point in which the Underlying ETF exceeds performance threshold levels established by the Fund. The Fund seeks to achieve its investment objective by investing substantially all of its assets in a series of four, one-year FLexible EXchange Options ("FLEX Options") packages with "laddered" expiration dates that reference the Underlying ETF (each, an "Options Package" and collectively, the "Options Packages"). "Laddering" is an investment technique that utilizes multiple options positions over multiple expiration dates.

1M
3M
6M
YTD
1Y
3Y
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XUSP
Performance Measures**

for the time period Aug 11, 2022 to Dec 16, 2025

Returns

1M Trailing Return: 2.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 3.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -22.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 19.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.97

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.82

The annualized return divided by the max drawdown for the selected time period.

ETFs related toXUSP

ETFs correlated to XUSP include GAUG, BSEP, SPUU

XUSP
Innovator ETFs Trust - Innovator Uncapped Accelerated U.S. Equity ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
BSEP
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - September
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index 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

XUSP is a US Equities ETF. The Innovator Uncapped Accelerated U.S. Equity ETF seeks to provide the potential to outperform the price return of the SPDR S&P 500 ETF Trust (SPY), after achieving performance thresholds. The Fund is an actively managed exchange-traded fund ("ETF") that invests in option contracts designed to provide returns, at the expiration of the Fund's option contracts, that are at a rate that is greater than the price return increases, if any, of the SPDR S&P 500 ETF Trust (the "Underlying ETF") following the point in which the Underlying ETF exceeds performance threshold levels established by the Fund. The Fund seeks to achieve its investment objective by investing substantially all of its assets in a series of four, one-year FLexible EXchange Options ("FLEX Options") packages with "laddered" expiration dates that reference the Underlying ETF (each, an "Options Package" and collectively, the "Options Packages"). "Laddering" is an investment technique that utilizes multiple options positions over multiple expiration dates.

Yes, XUSP is actively 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.

No, XUSP is not passively managed. It is actively 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 XUSP is -0.0176%. This is the percent change in the value of XUSP over the most recent 1-month period. The 3-month return on XUSP is -0.0123%. This is the percent change in the value of XUSP over the most recent 3-month period.

The standard deviation of XUSP for the past year is 0.1859%. 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 XUSP include QQH, RODM, and MOTI.

ETFs correlated to XUSP include GAUG, BSEP, and SPUU.

ETFs that are inversely correlated to XUSP include SDS, SH, 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.