Innovator U.S. Small Cap Power Buffer ETF… (KNOV) Performance
KNOV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.0% since Dec 31, 2025
- 1 year
- +11.2% total return
- Since first price
- +24.5% since 2024
KNOV trailing returns vs SPY, QQQ, AGG
| Period | KNOV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −1.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.1% | −1.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.4% | +3.4% | +7.8% | +8.4% | −1.5% |
| YTD | +10.0% | +10.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.2% | +11.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 1, 2024 | +24.5% | +24.5% | — | — | — |
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: KNOV vs SPY
From Nov 1, 2024: KNOV grew to $12,452, SPY to $13,616.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KNOV returns by calendar year
1 of 1 full years positive. Best 2025 (+11.9%), worst 2025 (+11.9%). 2026 is year to date.
KNOV annual returns table
| Year | KNOV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.0% | −5.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.9% | −14.0% | +17.7% | +20.8% | +7.2% |
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.
KNOV largest drawdowns
Now 3.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 2, 2024 | −15.0% | Apr 8, 2025 | Aug 13, 2025 | 4 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KNOV risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +10.4% |
| Volatility (annualized) | 8.9% |
| Sharpe ratio | 0.72 |
| Sortino ratio | 1.21 |
| Best month | +6.4% |
| Worst month | −3.3% |
| Best 12 months | +26.8% |
| Worst 12 months | +8.3% |
| Positive months | 68% |
| 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.
KNOV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 12 | +8.3% | +17.3% | +26.8% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
KNOV performance overview
Innovator U.S. Small Cap Power Buffer ETF… (KNOV) returned +11.2% over the past year, with distributions reinvested. Since its first recorded price on Nov 1, 2024 it has returned +24.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.0%, from Dec 2, 2024 to Apr 8, 2025, and it took 4 months to get back to the old high. Volatility has been 8.9% a year.
Related: KNOV chart. See the KNOV overview for the latest quote and fund facts.
KNOV performance FAQ
What is the KNOV return over the past year?
KNOV returned +11.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.2%.
How much would $10,000 invested in KNOV be worth?
$10,000 invested in KNOV at its first recorded close on November 1, 2024 would be worth about $12,452 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of KNOV?
The largest peak-to-trough decline was −15.0% between December 2, 2024 and April 8, 2025. It recovered to the old high on August 13, 2025, 4 months after the bottom.
How volatile is KNOV?
Over the past history KNOV had an annualized volatility of 8.9% and a Sharpe ratio of 0.72 (excess return over 1–3 month T-bills per unit of risk).