Data as of . Every figure is the buffer desk's own, on published data.
PNOV vs PSEP
Innovator U.S. Equity Power Buffer ETF - Nov and Innovator U.S. Equity Power Buffer ETF - Sep, side by side on the buffer desk.
Open the live comparison on ETFIQ| PNOV Innovator U.S. Equity Power Buffer ETF - Nov | PSEP Innovator U.S. Equity Power Buffer ETF - Sep | |
|---|---|---|
| Issuer | Innovator | Innovator |
| Reference index | SPY | SPY |
| Buffer | ||
| Outcome period | Oct 31, 2025 to Oct 31, 2026 | Aug 31, 2026 to Aug 31, 2027 |
| Days left | 57 | 361 |
| Starting cap | +13.2% | +15.0% |
| Can still gain | 2.3% | 14.7% |
| Fall before buffer | 9.7% | 0.3% |
| Protection left, index points | 15.0% of 15.0% | 15.0% of 15.0% |
| Index return this period | +12.9% | +0.4% |
| Fund return this period | +10.0% | +0.3% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.79% |
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.
PSEP in plain words
From its price on Sep 4, 2026, the fund can gain about 14.7% more before it reaches its cap. The fund's price can fall 0.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.4% 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. 361 days remained on Sep 4, 2026. On Aug 31, 2027 the period ends and a new cap is set.
Questions people ask
- Which has more room to gain, PNOV or PSEP?
- From their prices on Sep 4, 2026, PNOV can gain about 2.3% before its cap and PSEP about 14.7%, so PSEP has more room left this period.
- Which resets first, PNOV or PSEP?
- PNOV ends its outcome period on Oct 31, 2026 and PSEP on Aug 31, 2027. A new cap is set the day after each.
- Which is cheaper, PNOV or PSEP?
- PNOV charges 0.79% a year and PSEP charges 0.79%, so PNOV is cheaper. Fees come from each fund's prospectus.
Other comparisons
Cite this page. ETFIQ, PNOV against PSEP, data as of Sep 4, 2026. https://etfiq.com/compare/buffer/PNOV-PSEP.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