Defined outcome and buffer ETFs have cut volatility and drawdowns while keeping sharpe ratios close to the S&P 500.

The Innovator defined return ETF series has proved very popular over a number of years and still form the most comprehensive range of defined return ETFs in the market. The original format was the Buffered series which started trading in 2018. Other payoffs have been created since, such as income, dual directional and more recently the  autocall. The buffered series remains the simplest core proposition and are the equivalent of the capped and buffered tracker structured note These diff