BUFB vs SPY

Comparison between Innovator Laddered Allocation Buffer ETF (BUFB, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

BUFB vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BUFB(ETF)	SPY(ETF)
Net Assets	$286M	$735B
Expense Ratio	0.89%	0.09%
Max Drawdown	14.88%	56.47%
Sharpe Ratio	1.70	1.62
5Y Beta	0.63	1.00
P/E Ratio	N/A	28.99
Forward P/E	N/A	22.37
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	26.05%
Debt to Equity	N/A	32.40%
P/S Ratio	N/A	3.74
P/B Ratio	N/A	5.61

Net Assets

BUFB

$286M

Winner

SPY

$735B

Expense Ratio

BUFB

0.89%

Winner

SPY

0.09%

Max Drawdown

Winner

BUFB

14.88%

SPY

56.47%

Sharpe Ratio

Winner

BUFB

1.70

SPY

1.62

5Y Beta

Winner

BUFB

0.63

SPY

1.00

P/E Ratio

BUFB

N/A

SPY

28.99

Forward P/E

BUFB

N/A

SPY

22.37

5Y Dividends CAGR

BUFB

N/A

SPY

5.43%

5Y EPS CAGR

BUFB

N/A

SPY

26.05%

Debt to Equity

BUFB

N/A

SPY

32.40%

P/S Ratio

BUFB

N/A

SPY

3.74

P/B Ratio

BUFB

N/A

SPY

5.61

BUFB vs SPY - Holdings Comparison

BUFB and SPY have 0 common holdings. Overlap is 0.00%

BUFB's top 25 holdings weight is 99.89%. SPY's top 25 holdings weight is 52.37%.

Rank	BUFB	SPY
#1	INNOVATOR US EQUITY BUFFER ETF NOV (BNOV) - 8.46%	NVIDIA CORP (NVDA) - 8.10%
#2	INNOVATOR U.S. EQUITY BUFFER ETF„¢ DEC (BDEC) - 8.44%	APPLE INC (AAPL) - 7.02%
#3	INNOVATOR U.S. EQUITY BUFFER ETF„¢ FEB (BFEB) - 8.40%	MICROSOFT CORP (MSFT) - 4.79%
#4	INNOVATOR U.S. EQUITY BUFFER ETF„¢ OCT (BOCT) - 8.40%	AMAZON.COM INC (AMZN) - 4.02%
#5	INNOVATOR US EQUITY BUFF ETF„¢ JAN (BJAN) - 8.39%	ALPHABET INC CLASS A (GOOGL) - 3.51%
#6	INNOVATOR U.S. EQUITY BUFFER ETF„¢ MAR (BMAR) - 8.35%	BROADCOM INC (AVGO) - 3.10%
#7	INNOVATOR US EQUITY BUFFER ETF-SEP (BSEP) - 8.33%	ALPHABET INC CLASS C (GOOG) - 2.79%
#8	INNOVATOR U.S. EQUITY BUFFER ETF AUG (BAUG) - 8.32%	META PLATFORMS INC CLASS A (META) - 2.08%
#9	INNOVATOR U.S. EQUITY BUFFER ETF JULY (BJUL) - 8.28%	TESLA INC (TSLA) - 1.89%
#10	INNOVATOR U.S. EQUITY BUFFER ETF„¢ APR (BAPR) - 8.27%	MICRON TECHNOLOGY INC (MU) - 1.56%
#11	INNOVATOR U.S. EQUITY BUFFER ETF„¢- MAY (BMAY) - 8.15%	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12	INNOVATOR U.S. EQUITY BUFFER ETF„¢ JUNE (BJUN) - 8.10%	ELI LILLY AND CO (LLY) - 1.31%
#13	N/A	JPMORGAN CHASE & CO (JPM) - 1.28%
#14	N/A	ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15	N/A	EXXON MOBIL CORP (XOM) - 0.97%
#16	N/A	INTEL CORP (INTC) - 0.90%
#17	N/A	JOHNSON & JOHNSON (JNJ) - 0.86%
#18	N/A	VISA INC CLASS A (V) - 0.85%
#19	N/A	WALMART INC (WMT) - 0.81%
#20	N/A	CISCO SYSTEMS INC (CSCO) - 0.72%
#21	N/A	COSTCO WHOLESALE CORP (COST) - 0.69%
#22	N/A	CATERPILLAR INC (CAT) - 0.66%
#23	N/A	MASTERCARD INC CLASS A (MA) - 0.62%
#24	N/A	LAM RESEARCH CORP (LRCX) - 0.62%
#25	N/A	ABBVIE INC (ABBV) - 0.58%
Total Holdings	12	505

BUFB vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BUFB	SPY
1 month	+0.88%	+1.90%
3 months	+5.21%	+8.55%
6 months	+6.60%	+8.18%
1 year	+18.36%	+25.79%
5 years(CAGR)	+10.55%	+13.32%
10 years(CAGR)	N/A	+15.19%
Max(CAGR)	+10.55%	+8.47%

BUFB

+0.88%

Winner

SPY

+1.90%

BUFB

+5.21%

Winner

SPY

+8.55%

BUFB

+6.60%

Winner

SPY

+8.18%

BUFB

+18.36%

Winner

SPY

+25.79%

5Y(CAGR)

BUFB

+10.55%

Winner

SPY

+13.32%

10Y(CAGR)

BUFB

N/A

SPY

+15.19%

Max(CAGR)

Winner

BUFB

+10.55%

SPY

+8.47%

BUFB vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BUFB	SPY
2026	+5.96%	+8.26%
2025	+13.48%	+18.00%
2024	+16.85%	+25.59%
2023	+20.79%	+26.72%
2022	-8.37%	-18.64%
2021	N/A	+30.52%
2020	N/A	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

BUFB vs SPY Drawdown Comparison

The maximum drawdown for BUFB was -14.88%, occurring on Oct 14, 2022. Recovery took 301 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current BUFB drawdown is -1.45%. The current SPY drawdown is -2.90%.

Rank	BUFB	SPY
#1	-14.88% Mar 29, 2022 - Jun 9, 2023	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-13.75% Feb 19, 2025 - Jun 24, 2025	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-7.41% Jul 28, 2023 - Nov 20, 2023	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-6.11% Feb 9, 2022 - Mar 28, 2022	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-5.12% Feb 25, 2026 - Apr 13, 2026	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-4.60% Jul 16, 2024 - Aug 19, 2024	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-2.77% Oct 29, 2025 - Nov 28, 2025	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-2.72% Apr 9, 2024 - May 6, 2024	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-2.17% Aug 30, 2024 - Sep 16, 2024	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.83% Dec 16, 2024 - Jan 21, 2025	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-1.56% Jun 15, 2023 - Jun 30, 2023	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-1.47% Jul 28, 2025 - Aug 12, 2025	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.45% Jun 2, 2026 - Jun 5, 2026	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.42% Oct 9, 2025 - Oct 23, 2025	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.30% Jan 12, 2026 - Jan 27, 2026	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BUFB and SPY is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.

1.00

-101

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BUFB vs SPY

BUFB vs SPY - Performance Comparison

Key Characteristics

BUFB vs SPY - Holdings Comparison

BUFB vs SPY - Historical Returns

BUFB vs SPY - Annual Returns (1999 - 2026)

BUFB vs SPY Drawdown Comparison

Correlation

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