Innovator S&P 500 Power Buffer ETF - February (PFEB) Performance
PFEB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.4% since Dec 31, 2025
- 1 year
- +10.7% total return
- 5 years
- +8.8% a year
- Since first price
- +9.0% a year since 2020
PFEB trailing returns vs SPY, QQQ, AGG
| Period | PFEB 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 | +2.5% | +2.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.3% | +5.3% | +7.8% | +8.4% | −1.5% |
| YTD | +8.4% | +8.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.7% | +10.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +46.3%+13.5%/yr | +46.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +52.3%+8.8%/yr | +52.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionFeb 3, 2020 | +78.8%+9.0%/yr | +78.8% | — | — | — |
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: PFEB vs SPY
From Feb 3, 2020: PFEB grew to $17,884, SPY to $25,787.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PFEB returns by calendar year
4 of 5 full years positive. Best 2023 (+15.0%), worst 2022 (−2.8%). 2026 is year to date.
PFEB annual returns table
| Year | PFEB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.4% | −4.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +10.6% | −10.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.7% | −3.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.0% | −5.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −2.8% | −11.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +11.5% | −1.9% | +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.
PFEB largest drawdowns
Now 1.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −20.0% | Mar 23, 2020 | Aug 10, 2020 | 33 days | 6 months |
| Mar 29, 2022 | −11.0% | Jun 16, 2022 | May 18, 2023 | 3 months | 1.1 years |
| Feb 18, 2025 | −10.6% | Apr 8, 2025 | Jun 10, 2025 | 49 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.
PFEB risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +13.1% | +9.0% | +10.0% |
| Volatility (annualized) | 6.2% | 7.4% | 8.0% |
| Sharpe ratio | 1.33 | 0.73 | 0.89 |
| Sortino ratio | 2.77 | 1.19 | 1.40 |
| Best month | +6.3% | +6.3% | +6.9% |
| Worst month | −3.1% | −4.6% | −7.9% |
| Best 12 months | +20.1% | +20.1% | +27.0% |
| Worst 12 months | +4.9% | −6.9% | −6.9% |
| Positive months | 78% | 70% | 72% |
| Beta vs S&P 500 | 0.47 | 0.45 | — |
| Correlation with S&P 500 | 0.95 | 0.94 | — |
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.
PFEB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 69 | −6.9% | +11.3% | +27.0% | 83% |
| 3-year (a year) | 45 | +6.4% | +8.3% | +14.3% | 100% |
| 5-year (a year) | 21 | +7.8% | +9.0% | +10.6% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
PFEB performance overview
Innovator S&P 500 Power Buffer ETF - February (PFEB) returned +10.7% over the past year and +8.8% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +9.0% a year, turning $10,000 into about $17,884. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.0%, from Feb 19, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. PFEB finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+15.0%) and the worst 2022 (−2.8%). Volatility has been 8.0% a year.
Related: PFEB chart. See the PFEB overview for the latest quote and fund facts.
PFEB performance FAQ
What is the PFEB return over the past year?
PFEB returned +10.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.7%.
What is the average annual return of PFEB?
PFEB has returned +8.8% a year over 5 years, +9.0% a year since February 3, 2020 (total return, distributions reinvested).
How much would $10,000 invested in PFEB be worth?
$10,000 invested in PFEB at its first recorded close on February 3, 2020 would be worth about $17,884 on October 23, 2026 with distributions reinvested.
What was the worst year for PFEB?
The worst calendar year was 2022, with a total return of −2.8%. The best was 2023 at +15.0%.
What is the biggest drawdown of PFEB?
The largest peak-to-trough decline was −20.0% between February 19, 2020 and March 23, 2020. It recovered to the old high on August 10, 2020, 5 months after the bottom.
How volatile is PFEB?
Over the past 3 years PFEB had an annualized volatility of 6.2% and a Sharpe ratio of 1.33 (excess return over 1–3 month T-bills per unit of risk).