Innovator U.S. Equity Buffer ETF (BOCT)
Innovator U.S. Equity Buffer ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $54.38, up 0.23% on the session, giving a market capitalisation of $289.6M. Its beta of 0.62 implies it has historically moved less than the broad market.
Innovator's U.S. Equity Buffer ETF aims to largely replicate the performance of the SPDR S&P 500 ETF Trust (SPY), albeit with returns capped at a predefined maximum level. Simultaneously, it provides investors with a buffer, safeguarding them from the first 9% of losses experienced within its specific outcome period. This ETF is suitable for long-term holding, as its protective and cap characteristics reset approximately annually at the conclusion of each outcome period.
Innovator U.S. Equity Buffer ETF is most often compared with the following Financial Services names: