Buffered and defined-outcome ETFs in dollar displacement
ETFs that use options to cap gains and cushion losses on foreign stock indexes over a set period. Driven by the price of what they track and the cost of the options, reset each period.
49ETFs in this category
$3.4bnmoney in them
0.1%of dollar displacement’s money
IJULlargest unleveraged ETF, 7.6%
How they did, to Nov 2, 2026
| 1 month | YTD | 12 months | |
|---|---|---|---|
| Category median | −0.3% | +6.6% | +8.9% |
| Its story | −3.1% | +10.8% | +13.8% |
| Broad US ETFs | −2.5% | +11.5% | +11.8% |
Every ETF here, largest first
| # | ETF | Name | Assets | Share | 12 months | Fee |
|---|---|---|---|---|---|---|
| 1 | IJUL | Innovator International Developed Power Buffer ETF July | $257m | 7.6% | +10.0% | 0.85% |
| 2 | IJAN | Innovator International Developed Power Buffer ETF January | $228m | 6.8% | +8.5% | 0.85% |
| 3 | EJUL | Innovator Emerging Markets Power Buffer ETF July | $214m | 6.3% | +1.3% | 0.89% |
| 4 | IOCT | Innovator International Developed Power Buffer ETF - October | $200m | 5.9% | +10.5% | 0.85% |
| 5 | IAPR | Innovator International Developed Power Buffer ETF April | $191m | 5.7% | +10.7% | 0.85% |
| 6 | BUFY | FT Vest Laddered International Moderate Buffer ETF | $180m | 5.3% | +9.2% | 1.00% |
| 7 | YDEC | FT Vest International Equity Moderate Buffer ETF - December | $168m | 5.0% | +8.1% | 0.90% |
| 8 | YMAR | FT Vest International Equity Moderate Buffer ETF - March | $163m | 4.8% | +10.1% | 0.90% |
| 9 | YJUN | FT Vest International Equity Moderate Buffer ETF - June | $152m | 4.5% | +7.3% | 0.90% |
| 10 | EJAN | Innovator Emerging Markets Power Buffer ETF January | $142m | 4.2% | +8.9% | 0.89% |
| 11 | BUFI | AB International Buffer ETF | $138m | 4.1% | +6.6% | 0.69% |
| 12 | YSEP | FT Vest International Equity Buffer ETF - September | $136m | 4.0% | +11.1% | 0.90% |
| 13 | EOCT | Innovator Emerging Markets Power Buffer ETF - October | $127m | 3.8% | +7.7% | 0.89% |
| 14 | IBUF | Innovator International Developed 10 Buffer ETF Quarterly | $122m | 3.6% | +10.0% | 0.85% |
| 15 | ISEP | Innovator International Developed Power Buffer ETF September | $106m | 3.1% | +9.4% | 0.85% |
| 16 | IMAR | Innovator International Developed Power Buffer ETF March | $104m | 3.1% | +4.5% | 0.85% |
| 17 | IFLR | Innovator International Developed Managed Floor ETF | $100m | 3.0% | – | 0.89% |
| 18 | EAPR | Innovator Emerging Markets Power Buffer ETF April | $95m | 2.8% | +9.9% | 0.89% |
| 19 | IAUG | Innovator International Developed Power Buffer ETF August | $80m | 2.4% | +8.3% | 0.85% |
| 20 | IJUN | Innovator International Developed Power Buffer ETF June | $64m | 1.9% | +9.6% | 0.85% |
| 21 | IFEB | Innovator International Developed Power Buffer ETF February | $56m | 1.7% | +5.9% | 0.85% |
| 22 | IMAY | Innovator International Developed Power Buffer ETF May | $50m | 1.5% | +9.2% | 0.85% |
| 23 | EBUF | Innovator Emerging Markets 10 Buffer ETF Quarterly | $47m | 1.4% | +7.8% | 0.89% |
| 24 | IDEC | Innovator International Developed Power Buffer ETF December | $40m | 1.2% | +9.5% | 0.85% |
| 25 | INOV | Innovator International Developed Power Buffer ETF November | $36m | 1.1% | +8.9% | 0.85% |
| 26 | JANI | AllianzIM International Equity Buffer15 Uncapped Jan ETF | $23m | 0.7% | – | 0.79% |
| 27 | IBFR | Innovator International Developed Managed 10 Buffer ETF | $20m | 0.6% | – | 0.85% |
| 28 | TSEP | FT Vest Emerging Markets Buffer ETF September | $19m | 0.6% | +7.0% | 0.95% |
| 29 | TMAR | FT Vest Emerging Markets Buffer ETF March | $17m | 0.5% | +12.3% | 0.95% |
| 30 | TDEC | FT Vest Emerging Markets Buffer ETF December | $15m | 0.4% | +12.0% | 0.95% |
| 31 | TJUN | FT Vest Emerging Markets Buffer ETF June | $12m | 0.4% | −2.4% | 0.95% |
| 32 | QBIF | AllianzIM International Equity Buffer15 ETF | $9m | 0.3% | – | 0.74% |
| 33 | QBIV | AllianzIM International Equity Buffer5 ETF | $9m | 0.3% | – | 0.74% |
| 34 | ARLI | AllianzIM International Equity Buffer15 Uncapped Apr ETF | $8m | 0.2% | – | 0.79% |
| 35 | JULI | AllianzIM International Equity Buffer15 Uncapped Jul ETF | $7m | 0.2% | – | 0.79% |
| 36 | BUFE | FT Vest Laddered Emerging Markets Buffer ETF | $7m | 0.2% | – | 0.95% |
| 37 | OCTI | AllianzIM International Equity Buffer15 Uncapped Oct ETF | $6m | 0.2% | – | 0.79% |
| 38 | KBUF | KraneShares 90% KWEB Defined Outcome January 2027 ETF | $6m | 0.2% | −20.1% | 0.97% |
| 39 | KPRO | KraneShares 100% KWEB Defined Outcome January 2027 ETF | $3m | 0.1% | −12.7% | 1.00% |
| 40 | IDJN | Corgi International Developed Equities 15% Structured Buffer ETF - June Series | $2m | 0.0% | – | 0.30% |
| 41 | EMJL | Corgi Emerging Markets Equities 15% Structured Buffer ETF - July Series | $1m | 0.0% | – | 0.30% |
| 42 | EMMY | Corgi Emerging Markets Equities 15% Structured Buffer ETF - May Series | $1m | 0.0% | – | 0.30% |
| 43 | IDMY | Corgi International Developed Equities 15% Structured Buffer ETF - May Series | $1m | 0.0% | – | 0.30% |
| 44 | IDAU | Corgi International Developed Equities 15% Structured Buffer ETF - August Series | $1m | 0.0% | – | 0.30% |
| 45 | EMJN | Corgi Emerging Markets Equities 15% Structured Buffer ETF - June Series | $1m | 0.0% | – | 0.30% |
| 46 | IDJL | Corgi International Developed Equities 15% Structured Buffer ETF - July Series | $1m | 0.0% | – | 0.30% |
| 47 | EMAU | Corgi Emerging Markets Equities 15% Structured Buffer ETF - August Series | $1m | 0.0% | – | 0.30% |
| 48 | EMSE | Corgi Emerging Markets Equities 15% Structured Buffer ETF - September Series | $1m | 0.0% | – | 0.40% |
| 49 | IDSE | Corgi International Developed Equities 15% Structured Buffer ETF - September Series | under $1m | 0.0% | – | 0.40% |
Other categories in dollar displacement
Common questions
Which ETFs are buffered and defined-outcome ETFs?49 US ETFs sit in this category of dollar displacement. ETFs that use options to cap gains and cushion losses on foreign stock indexes over a set period. Driven by the price of what they track and the cost of the options, reset each period.
What is the largest buffered and defined-outcome ETF?IJUL, Innovator International Developed Power Buffer ETF July, with $257m, 7.6% of the category's money.
How have buffered and defined-outcome ETFs performed?The median unleveraged ETF here returned +8.9% over the last 12 months to Nov 2, 2026, against +11.8% for broad US ETFs. Past performance, not a forecast.