ATLASInnovator Laddered Allocation Buffer ETF (BUFF): outlook, holdings and fees
Innovator Laddered Allocation Buffer ETF (BUFF) is an exchange-traded fund and is managed by Innovator ETFs. The expense ratio is 0.86% and the yield is 0.00%. The ten largest holdings are 84% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on BUFF
| Last price | $53.91 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 63% |
| Likely 1-month range (50%) | $53.61 – $54.83 |
| Normal 1-day range (±1σ) | ±0.4% |
| Distribution yield | 0.00% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
BUFF fund facts
| Issuer | Innovator ETFs |
|---|---|
| Theme | Buffered (defined outcome) |
| Assets under management | $1.1B |
| Expense ratio | 0.86% |
| Number of holdings | 12 |
| Portfolio turnover | 2% |
| Inception | Oct 20, 2016 |
| Exchange | CBOE |
The fund will invest at least 80% of its net assets (including investment borrowing) in the exchange-traded funds (ETFs) that comprise the index. The index is composed of the shares of twelve Innovator U.S. Equity Power Buffer ETFs. The fund, in accordance with the index, will be continuously invested in each of the underlying ETFs and will rebalance semi-annually by purchasing and selling the underlying ETFs to equally weight the underlying ETFs.
BUFF top holdings
| Holding | Sector | Weight |
|---|---|---|
| Innovator S&P 500 Power Buffer ETF - November PNOV | – | 8.81% |
| Innovator S&P 500 Power Buffer October POCT | – | 8.74% |
| Innovator S&P 500 Power Buffer ETF - December PDEC | – | 8.39% |
| Innovator S&P 500 Power Buffer - January PJAN | – | 8.77% |
| Innovator S&P 500 Power Buffer ETF - February PFEB | – | 8.70% |
| Innovator U.S. Equity Power Buffer ETF - August PAUG | – | 7.95% |
| Innovator S&P 500 Power Buffer ETF - March PMAR | – | 8.13% |
| Innovator S&P 500 Power Buffer ETF - September PSEP | – | 8.19% |
| Innovator S&P 500 Power Buffer ETF — July PJUL | – | 8.50% |
| Innovator S&P 500 Power Buffer ETF - April New PAPR | – | 8.19% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
BUFF sector breakdown
| Sector | Weight |
|---|---|
| Technology | 41.3% |
| Financial Services | 11.7% |
| Communication Services | 9.2% |
| Healthcare | 9.1% |
| Consumer Cyclicals | 8.7% |
| Industrials | 7.3% |
| Consumer Defensive | 4.2% |
| Energy | 3.6% |
| Utilities | 1.8% |
| Real Estate | 1.7% |
| Basic Materials | 1.4% |
By region: North America 99.6%, Europe Developed 0.3%, Asia Emerging 0.1%.
BUFF returns and risk
| Year to date | +9.6% |
|---|---|
| 1 year | +12.4% |
| 3 years (annualised) | +12.8% |
| 5 years (annualised) | +8.8% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 5.8% |
| Sharpe ratio (3 years) | 1.32 |
Past returns do not guarantee future results.
BUFF: frequently asked questions
What does BUFF invest in?
Innovator Laddered Allocation Buffer ETF invests in a portfolio of securities. Its largest holdings are Innovator S&P 500 Power Buffer ETF - November (8.8%), Innovator S&P 500 Power Buffer October (8.7%), Innovator S&P 500 Power Buffer ETF - December (8.4%), Innovator S&P 500 Power Buffer - January (8.8%), Innovator S&P 500 Power Buffer ETF - February (8.7%).
What is the BUFF expense ratio?
0.86% a year: about $86.00 for every $10,000 invested.
What is the BUFF dividend yield?
0.00%. ATLAS does not hold the exact distribution dates for ETFs.
Will BUFF go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 63%, with a likely range (50%) of $53.61 to $54.83 from $53.91 today. It is a probability, not a prediction.
How has BUFF performed?
Year to date +9.6%, one year +12.4%, three years +12.8% a year, five years +8.8% a year. Past returns do not guarantee future results.
Similar ETFs: Buffered (defined outcome)
- FT Vest Laddered Buffer ETF (BUFR)
- Innovator Defined Wealth Shield ETF (BALT)
- FT Vest Laddered Deep Buffer ETF (BUFD)
- FT Vest Laddered Nasdaq Buffer ETF (BUFQ)
- Innovator U.S. Equity Power Buffer ETF - January (PJAN)
- Innovator U.S. Equity Power Buffer ETF - September (PSEP)
- FT Vest Laddered Moderate Buffer ETF (BUFZ)
- Innovator U.S. Equity Power Buffer ETF - October (POCT)
Educational information, not investment advice. Disclaimer