Innovator S&P 500 Buffer ETF - February (BFEB) Performance
BFEB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.8% since Dec 31, 2025
- 1 year
- +13.4% total return
- 5 years
- +11.3% a year
- Since first price
- +12.3% a year since 2020
BFEB trailing returns vs SPY, QQQ, AGG
| Period | BFEB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.5% | −0.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.9% | +2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.3% | +6.3% | +7.8% | +8.4% | −1.5% |
| YTD | +10.8% | +10.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.4% | +13.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +63.8%+17.9%/yr | +63.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +70.9%+11.3%/yr | +70.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionFeb 3, 2020 | +118.4%+12.3%/yr | +118.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BFEB vs SPY
From Feb 3, 2020: BFEB grew to $21,843, SPY to $25,787.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BFEB returns by calendar year
4 of 5 full years positive. Best 2023 (+22.4%), worst 2022 (−6.8%). 2026 is year to date.
BFEB annual returns table
| Year | BFEB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.8% | −6.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.0% | −13.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.6% | −4.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +22.4% | −7.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −6.8% | −14.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +18.0% | −3.3% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BFEB largest drawdowns
Now 1.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −26.4% | Mar 23, 2020 | Aug 12, 2020 | 33 days | 6 months |
| Mar 29, 2022 | −14.8% | Oct 12, 2022 | Jun 1, 2023 | 6 months | 1.2 years |
| Feb 19, 2025 | −13.8% | Apr 8, 2025 | Jun 24, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BFEB risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +17.5% | +11.9% | +13.9% |
| Volatility (annualized) | 8.3% | 10.6% | 10.9% |
| Sharpe ratio | 1.48 | 0.78 | 1.01 |
| Sortino ratio | 3.18 | 1.28 | 1.68 |
| Best month | +7.7% | +7.7% | +7.8% |
| Worst month | −3.8% | −6.5% | −7.7% |
| Best 12 months | +28.3% | +28.3% | +37.3% |
| Worst 12 months | +5.7% | −9.4% | −9.4% |
| Positive months | 78% | 70% | 72% |
| Beta vs S&P 500 | 0.64 | 0.65 | — |
| Correlation with S&P 500 | 0.96 | 0.96 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BFEB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 69 | −9.4% | +14.9% | +37.3% | 86% |
| 3-year (a year) | 45 | +8.7% | +11.3% | +19.2% | 100% |
| 5-year (a year) | 21 | +10.4% | +12.3% | +14.4% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
BFEB performance overview
Innovator S&P 500 Buffer ETF - February (BFEB) returned +13.4% over the past year and +11.3% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +12.3% a year, turning $10,000 into about $21,843. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −26.4%, from Feb 19, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. BFEB finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+22.4%) and the worst 2022 (−6.8%). Volatility has been 10.9% a year.
Related: BFEB chart. See the BFEB overview for the latest quote and fund facts.
BFEB performance FAQ
What is the BFEB return over the past year?
BFEB returned +13.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.4%.
What is the average annual return of BFEB?
BFEB has returned +11.3% a year over 5 years, +12.3% a year since February 3, 2020 (total return, distributions reinvested).
How much would $10,000 invested in BFEB be worth?
$10,000 invested in BFEB at its first recorded close on February 3, 2020 would be worth about $21,843 on October 23, 2026 with distributions reinvested.
What was the worst year for BFEB?
The worst calendar year was 2022, with a total return of −6.8%. The best was 2023 at +22.4%.
What is the biggest drawdown of BFEB?
The largest peak-to-trough decline was −26.4% between February 19, 2020 and March 23, 2020. It recovered to the old high on August 12, 2020, 5 months after the bottom.
How volatile is BFEB?
Over the past 3 years BFEB had an annualized volatility of 8.3% and a Sharpe ratio of 1.48 (excess return over 1–3 month T-bills per unit of risk).