Innovator U.S. Equity Ultra Buffer ETF - September

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Robinhood gives you the tools you need to put your money in motion. You can buy or sell USEP and other ETFs, options, and stocks.

About USEP

USEP aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. 

Index-Tracked
Index-Tracked
Category
Defined Outcome
CategoryDefined Outcome
Number of holdings
6
Number of holdings6
Inception Date
Aug 30, 2019
Inception DateAug 30, 2019

What's in this fund

Sectors

As of September 9, 2025
Technology34.81%
Financial Services13.28%
Consumer Cyclical10.85%
Communication Services10.43%
Healthcare9.05%
Industrials7.56%
Consumer Defensive5.19%
Energy2.90%
Utilities2.29%
Real Estate1.97%
Basic Materials1.67%

Top Holdings (102.87% of total assets)

As of September 9, 2025
NameSymbol% Assets
Option on SPDR® S&P 500® ETF—96.28%
Option on SPDR® S&P 500® ETF—3.42%
Option on SPDR® S&P 500® ETF—2.55%
Option on SPDR® S&P 500® ETF—0.62%

USEP Key Statistics

AUM
152.20M
AUM152.20M
Price-Earnings ratio
—
Price-Earnings ratio—
30-Day yield
-0.45
30-Day yield-0.45
Average volume
263.45K
Average volume263.45K
High today
$38.48
High today$38.48
Low today
$38.40
Low today$38.40
Open price
$38.45
Open price$38.45
Volume
1.57M
Volume1.57M
52 Week high
$38.48
52 Week high$38.48
52 Week low
$32.42
52 Week low$32.42
Expense ratio
0.79
Expense ratio0.79
View Prospectus and Reports

Average Annual Return

All investments involve risks, including the loss of principal. Performance data represents past performance and is no guarantee of future results. Investment returns and principal value will fluctuate and are subject to market volatility. An investment, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted.