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ETFs

Innovator U.S. Equity Ultra Buffer ETF - September

USEP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 03 2019
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$1,615,838
AUM
$87,346,000
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 08/30/2024 4.49 C
96.57%
n/a
SPY 08/30/2024 427.83 P
4.51%
n/a
Cash & Other
0.28%
n/a
SPY 08/30/2024 292.73 P
-0.64%
n/a
SPY 08/30/2024 516.24 C
-0.72%
Invest with USEP

What is USEP?

The Innovator S&P 500 Ultra Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against losses from -5% to -35% over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

ETFs related toUSEP

ETFs correlated to USEP include DSEP, BJUL, DJUL

USEP
Innovator ETFs Trust - Innovator U.S. Equity Ultra Buffer ETF - September
DSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - September
BJUL
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - July
DJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - July
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September
BSEP
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - September
FJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - July
PSEP
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - September
PJUL
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - July
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 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 toUSEP

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with USEP using Composer

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FAQ

USEP is a US Equities ETF. The Innovator S&P 500 Ultra Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against losses from -5% to -35% over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

USEP tracks the S&P 500 Index.

No, USEP 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, USEP 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 USEP is 0.0096%. This is the percent change in the value of USEP over the most recent 1-month period. The 3-month return on USEP is 0.0237%. This is the percent change in the value of USEP over the most recent 3-month period.

The standard deviation of USEP for the past year is 0.0896%. 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 USEP include SSO, IVV, and UPRO.

ETFs correlated to USEP include DSEP, BJUL, and DJUL.

ETFs that are inversely correlated to USEP include SDS, SPXS, 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.