Innovator Equity Managed 100 Buffer ETF (BFRZ) Performance
BFRZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.3% since Dec 31, 2025
- 1 year
- +1.9% total return
- Since first price
- +8.8% since 2025
BFRZ trailing returns vs SPY, QQQ, AGG
| Period | BFRZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.0% | 0.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.0% | +1.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.4% | +3.3% | +7.8% | +8.4% | −1.5% |
| YTD | +1.3% | +1.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +1.9% | +1.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionMay 13, 2025 | +8.8% | +8.4% | — | — | — |
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: BFRZ vs SPY
From May 13, 2025: BFRZ grew to $10,878, SPY to $13,165.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BFRZ returns by calendar year
2026 is year to date.
BFRZ annual returns table
| Year | BFRZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.3% | −3.1% | +12.3% | +15.1% | −1.0% |
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.
BFRZ risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +5.8% |
| Volatility (annualized) | 4.1% |
| Sharpe ratio | 0.49 |
| Sortino ratio | 0.90 |
| Best month | +3.1% |
| Worst month | −1.8% |
| Best 12 months | +8.4% |
| Worst 12 months | +2.2% |
| Positive months | 69% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
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.
BFRZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 6 | +0.8% | +4.7% | +8.4% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
BFRZ performance overview
Innovator Equity Managed 100 Buffer ETF (BFRZ) returned +1.9% over the past year, with distributions reinvested. Since its first recorded price on May 13, 2025 it has returned +8.8%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: BFRZ chart, BFRZ holdings, BFRZ dividends, BFRZ valuation. See the BFRZ overview for the latest quote and fund facts.
BFRZ performance FAQ
What is the BFRZ return over the past year?
BFRZ returned +1.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 1.6%.
How much would $10,000 invested in BFRZ be worth?
$10,000 invested in BFRZ at its first recorded close on May 13, 2025 would be worth about $10,878 on October 23, 2026 with distributions reinvested.
How volatile is BFRZ?
Over the past history BFRZ had an annualized volatility of 4.1% and a Sharpe ratio of 0.49 (excess return over 1–3 month T-bills per unit of risk).