Performance analysis of USEP (Innovator U.S. Equity Ultra Buffer ETF - September)
Annual Return
Over the past 3 years, USEP has had an average annual return of +13.12%, underperforming the benchmark SPY, which returned +22.45% annual.
Over the past 5 years, USEP has had an average annual return of +8.02%, underperforming the benchmark SPY, which returned +13.88% annual.
Since Sep 3, 2019, USEP has had an average annual return of +8.03%, underperforming the benchmark SPY, which returned +16.88% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +4.72% | +11.75% | +12.39% | +18.63% | -7.99% | +5.73% | +7.12% | +3.60% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.58% | +0.01% | -2.27% | +4.76% | +1.70% | -0.02% | +4.72% | ||||||
| 2025 | +1.40% | -0.36% | -3.24% | -0.16% | +3.89% | +3.25% | +1.67% | +1.55% | +1.63% | +0.76% | +0.22% | +0.72% | +11.75% |
| 2024 | +1.20% | +2.45% | +1.46% | -1.08% | +2.54% | +1.08% | +0.69% | +0.56% | +1.58% | -0.46% | +2.55% | -0.74% | +12.39% |
| 2023 | +3.30% | -1.46% | +2.33% | +1.19% | +0.52% | +4.78% | +1.80% | +0.69% | -2.56% | -1.13% | +5.32% | +2.74% | +18.63% |
| 2022 | -1.70% | -0.96% | +1.55% | -4.29% | -0.02% | -2.45% | +0.84% | -0.59% | -4.27% | +3.39% | +2.73% | -2.17% | -7.99% |
| 2021 | -0.81% | +1.01% | +1.63% | +0.89% | +0.45% | +0.36% | +0.28% | +0.16% | -1.49% | +2.34% | -0.63% | +1.46% | +5.73% |
| 2020 | +0.06% | -2.50% | -4.99% | +5.15% | +1.78% | +0.84% | +2.29% | +1.51% | -1.11% | -0.96% | +4.01% | +1.23% | +7.12% |
| 2019 | +0.76% | +0.88% | +1.15% | +0.76% | +3.60% |
Drawdown analysis of USEP (Innovator U.S. Equity Ultra Buffer ETF - September)
The maximum drawdown for the USEP was -13.37%, occurring on Mar 23, 2020. Recovery took 78 trading sessions.
The current USEP drawdown is -0.08%.
Since Sep 3, 2019 USEP has experienced the following drawdowns:
- 10% or more: 2 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.37% | Feb 12, 2020 | 27 | Mar 23, 2020 | 78 | Jul 14, 2020 | 105 |
| -11.83% | Jan 3, 2022 | 197 | Oct 14, 2022 | 165 | Jun 13, 2023 | 362 |
| -9.71% | Feb 19, 2025 | 34 | Apr 8, 2025 | 42 | Jun 9, 2025 | 76 |
| -4.64% | Sep 1, 2023 | 39 | Oct 27, 2023 | 12 | Nov 14, 2023 | 51 |
| -4.03% | Feb 25, 2026 | 23 | Mar 30, 2026 | 9 | Apr 13, 2026 | 32 |
| -3.13% | Sep 2, 2020 | 14 | Sep 23, 2020 | 31 | Nov 5, 2020 | 45 |
| -2.43% | Jul 31, 2023 | 14 | Aug 18, 2023 | 7 | Aug 29, 2023 | 21 |
| -2.21% | Jul 31, 2024 | 3 | Aug 5, 2024 | 6 | Aug 13, 2024 | 9 |
| -2.17% | Mar 28, 2024 | 15 | Apr 19, 2024 | 11 | May 6, 2024 | 26 |
| -2.05% | Sep 2, 2021 | 21 | Oct 4, 2021 | 13 | Oct 21, 2021 | 34 |
| -2.02% | Oct 27, 2025 | 18 | Nov 20, 2025 | 9 | Dec 4, 2025 | 27 |
| -1.86% | Aug 28, 2024 | 6 | Sep 6, 2024 | 5 | Sep 13, 2024 | 11 |
| -1.54% | Dec 11, 2024 | 19 | Jan 10, 2025 | 6 | Jan 21, 2025 | 25 |
| -1.39% | Nov 8, 2021 | 18 | Dec 3, 2021 | 14 | Dec 23, 2021 | 32 |
| -1.34% | Oct 8, 2025 | 2 | Oct 10, 2025 | 9 | Oct 23, 2025 | 11 |
| -1.25% | Jan 20, 2021 | 5 | Jan 27, 2021 | 7 | Feb 5, 2021 | 12 |
| -1.23% | Sep 12, 2019 | 14 | Oct 2, 2019 | 9 | Oct 15, 2019 | 23 |
| -1.11% | Oct 22, 2024 | 7 | Oct 31, 2024 | 4 | Nov 6, 2024 | 11 |
| -1.09% | Jul 28, 2025 | 4 | Aug 1, 2025 | 5 | Aug 8, 2025 | 9 |
| -1.07% | Feb 24, 2021 | 6 | Mar 4, 2021 | 4 | Mar 10, 2021 | 10 |
| -1.06% | Dec 28, 2023 | 4 | Jan 4, 2024 | 4 | Jan 10, 2024 | 8 |
| -1.02% | Jan 12, 2026 | 17 | Feb 5, 2026 | 2 | Feb 9, 2026 | 19 |
| -1.02% | Jun 15, 2023 | 6 | Jun 26, 2023 | 4 | Jun 30, 2023 | 10 |
| -1.00% | Dec 11, 2025 | 4 | Dec 17, 2025 | 3 | Dec 22, 2025 | 7 |
| -0.89% | Feb 9, 2026 | 3 | Feb 12, 2026 | 8 | Feb 25, 2026 | 11 |