Innovator S&P 500 Buffer ETF - November (BNOV) Performance
BNOV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.7% since Dec 31, 2025
- 1 year
- +11.1% total return
- 5 years
- +8.7% a year
- Since first price
- +9.6% a year since 2019
BNOV trailing returns vs SPY, QQQ, AGG
| Period | BNOV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.4% | +6.4% | +7.8% | +8.4% | −1.5% |
| YTD | +9.7% | +9.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.1% | +11.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +51.7%+14.9%/yr | +51.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +51.6%+8.7%/yr | +51.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 1, 2019 | +89.9%+9.6%/yr | +89.9% | — | — | — |
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: BNOV vs SPY
From Nov 1, 2019: BNOV grew to $18,988, SPY to $27,436.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BNOV returns by calendar year
5 of 6 full years positive. Best 2023 (+17.2%), worst 2022 (−9.6%). 2026 is year to date.
BNOV annual returns table
| Year | BNOV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.7% | −6.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.2% | −13.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.5% | −2.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.2% | −10.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −9.6% | −16.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +10.6% | −2.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +11.8% | −24.7% | +18.3% | +48.6% | +7.5% |
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.
BNOV largest drawdowns
Now 2.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −24.7% | Mar 23, 2020 | Aug 5, 2020 | 33 days | 6 months |
| Jan 4, 2022 | −16.3% | Oct 12, 2022 | Jun 12, 2023 | 9 months | 1.4 years |
| Feb 19, 2025 | −13.7% | Apr 8, 2025 | Jun 24, 2025 | 48 days | 4 months |
| Jul 28, 2023 | −10.1% | Oct 27, 2023 | Dec 27, 2023 | 3 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BNOV risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +14.4% | +8.8% | +9.6% |
| Volatility (annualized) | 8.2% | 11.2% | 11.4% |
| Sharpe ratio | 1.16 | 0.50 | 0.62 |
| Sortino ratio | 2.36 | 0.77 | 0.97 |
| Best month | +7.9% | +7.9% | +8.2% |
| Worst month | −3.8% | −7.5% | −7.5% |
| Best 12 months | +22.0% | +22.0% | +34.0% |
| Worst 12 months | +4.7% | −13.5% | −13.5% |
| Positive months | 72% | 65% | 68% |
| Beta vs S&P 500 | 0.63 | 0.69 | — |
| 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.
BNOV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 72 | −13.5% | +12.3% | +34.0% | 83% |
| 3-year (a year) | 48 | +3.8% | +8.0% | +16.2% | 100% |
| 5-year (a year) | 24 | +6.8% | +8.7% | +10.6% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
BNOV performance overview
Innovator S&P 500 Buffer ETF - November (BNOV) returned +11.1% over the past year and +8.7% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +9.6% a year, turning $10,000 into about $18,988. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −24.7%, from Feb 19, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. BNOV finished 5 of its 6 full calendar years with a gain; the best year was 2023 (+17.2%) and the worst 2022 (−9.6%). Volatility has been 11.4% a year.
Related: BNOV chart. See the BNOV overview for the latest quote and fund facts.
BNOV performance FAQ
What is the BNOV return over the past year?
BNOV returned +11.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.1%.
What is the average annual return of BNOV?
BNOV has returned +8.7% a year over 5 years, +9.6% a year since November 1, 2019 (total return, distributions reinvested).
How much would $10,000 invested in BNOV be worth?
$10,000 invested in BNOV at its first recorded close on November 1, 2019 would be worth about $18,988 on October 23, 2026 with distributions reinvested.
What was the worst year for BNOV?
The worst calendar year was 2022, with a total return of −9.6%. The best was 2023 at +17.2%.
What is the biggest drawdown of BNOV?
The largest peak-to-trough decline was −24.7% between February 19, 2020 and March 23, 2020. It recovered to the old high on August 5, 2020, 4 months after the bottom.
How volatile is BNOV?
Over the past 3 years BNOV had an annualized volatility of 8.2% and a Sharpe ratio of 1.16 (excess return over 1–3 month T-bills per unit of risk).