Data as of . Every figure is the buffer desk's own, on published data.
PFEB vs PNOV
Innovator U.S. Equity Power Buffer ETF - Feb and Innovator U.S. Equity Power Buffer ETF - Nov, side by side on the buffer desk.
Open the live comparison on ETFIQ| PFEB Innovator U.S. Equity Power Buffer ETF - Feb | PNOV Innovator U.S. Equity Power Buffer ETF - Nov | |
|---|---|---|
| Issuer | Innovator | Innovator |
| Reference index | SPY | SPY |
| Buffer | ||
| Outcome period | Jan 31, 2026 to Jan 31, 2027 | Oct 31, 2025 to Oct 31, 2026 |
| Days left | 149 | 57 |
| Starting cap | +12.4% | +13.2% |
| Can still gain | 4.6% | 2.3% |
| Fall before buffer | 7.0% | 9.7% |
| Protection left, index points | 15.0% of 15.0% | 15.0% of 15.0% |
| Index return this period | +11.3% | +12.9% |
| Fund return this period | +7.0% | +10.0% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.79% |
PFEB in plain words
From its price on Sep 4, 2026, the fund can gain about 4.6% more before it reaches its cap. The fund's price can fall 7.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 10.2% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 149 days remained on Sep 4, 2026. On Jan 31, 2027 the period ends and a new cap is set.
PNOV in plain words
From its price on Sep 4, 2026, the fund can gain about 2.3% more before it reaches its cap. The fund's price can fall 9.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.4% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 57 days remained on Sep 4, 2026. On Oct 31, 2026 the period ends and a new cap is set.
Questions people ask
- Which has more room to gain, PFEB or PNOV?
- From their prices on Sep 4, 2026, PFEB can gain about 4.6% before its cap and PNOV about 2.3%, so PFEB has more room left this period.
- Which resets first, PFEB or PNOV?
- PFEB ends its outcome period on Jan 31, 2027 and PNOV on Oct 31, 2026. A new cap is set the day after each.
- Which is cheaper, PFEB or PNOV?
- PFEB charges 0.79% a year and PNOV charges 0.79%, so PFEB is cheaper. Fees come from each fund's prospectus.
Other comparisons
Cite this page. ETFIQ, PFEB against PNOV, data as of Sep 4, 2026. https://etfiq.com/compare/buffer/PFEB-PNOV.html Free to use with attribution; the underlying files are at Open data.
ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources