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PSEP
+1.50 · +3.54%
$43.89 · BATS

Innovator S&P 500 Power Buffer ETF - September (PSEP) ETF Analysis | Defined Outcome

Innovator ETFs · USA
AUM:$883.3M
#– of – in Defined Outcome ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 11.2% over the past year, showing positive momentum.

Cost Efficiency

Ongoing charge of 0.79% — above average for this category.

What is PSEP?

The fund invests at least 80% of its net assets in FLexible EXchange® Options (FLEX Options) that reference the SPDR® S&P 500® ETF Trust. FLEX Options are exchange-traded options contracts with uniquely customizable terms.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Positive 1-Year Return
PSEP returned 11.2% over the past year. Historical returns only — past performance is not indicative of future results.
Higher Cost Profile
Expense ratio of 0.79% is above average. Verify whether the strategy justifies the cost.
Broadly Diversified
Top 10 holdings represent just 1.7% of the ETF — exposure spread across many positions.
ETF Information
AUM$883.3M
Expense Ratio0.79%
Dividend Yield0.00%
Holdings3
Inception DateAug 2019
Domicile–
Distribution–
Index–
ProviderInnovator ETFs
Beta0.54
CategoryDefined Outcome
CurrencyUSD
Portfolio Impact

How would PSEP affect your portfolio?

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Example preview
6168
+7 points · better diversified

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Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+6.4%
1Y
+11.0%
3Y
+40.9%
5Y
+57.9%
OpenBook InsightIf you had invested £10,000 in PSEP 5 years ago, it would have grown to £15,785 — a gain of £5,785.

Annual Returns

Calendar year performance

PSEP delivered positive returns in 4 of the last 5 calendar years.
YearPSEP
2026 YTD+7.1%
2025+12.0%
2024+12.8%
2023+19.2%
2022-4.0%
CAGR 4yr+9.7%
4/5 positive yearsAvg return: +9.4%Worst year: -4.0% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
2.7%
Low
Momentum
+1.4%
30-day change
Support Level
46.54
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
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