Innovator U.S. Equity 5 to 15 Buffer ETF (EALT)
Innovator U.S. Equity 5 to 15 Buffer ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $36.73, up 0.19% on the session, giving a market capitalisation of $172.7M. Its beta of 0.67 implies it has historically moved less than the broad market.
The Innovator U.S. Equity 5 to 15 Buffer ETF (EALT) aims to replicate the performance of the SPDR S&P 500 ETF Trust (SPY) up to a defined maximum return. It simultaneously provides a specific level of downside protection, meaning investors will incur the initial 5% of any losses in SPY, but the ETF will absorb any further losses up to a total decline of 15%. This arrangement for both capped gains and buffered losses resets at the end of every three-month period, allowing investors to hold the fund for an unlimited duration.
Innovator U.S. Equity 5 to 15 Buffer ETF is most often compared with the following Financial Services names: