# PNOV (Innovator U.S. Equity Power Buffer ETF - Nov)

Innovator · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, PNOV sits between its buffer and its cap, with SPY up 12.1% since the period began.

## Key facts

- PNOV, can still gain: 2.5%, as of Sep 11, 2026.
- PNOV, fall before the buffer: 9.5%, as of Sep 11, 2026.
- PNOV, protection left, index points: 15.0%, as of Sep 11, 2026.
- PNOV, days to reset: 50, as of Sep 11, 2026.
- PNOV, net assets: $890m (issuer page, as of Sep 11, 2026).
- PNOV, expense ratio: 0.79% (issuer page, Sep 11, 2026).

## PNOV over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +3.2% | +3.3% | −0.1 pts |
| 6 months | +10.4% | +16.0% | −5.6 pts |
| 1 year | +11.3% | +17.5% | −6.2 pts |
| 3 years | +32.6% | +77.9% | −45.3 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Oct 31, 2025 to Oct 31, 2026 | ETFIQ |
| Starting cap | +13.3% | ETFIQ |
| SPY return since period start | +12.1% | ETFIQ |
| Fund return since period start | +9.7% | ETFIQ |
| Net assets | $890m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 2.5% | issuer, fund price |
| Fall before buffer | 9.5% | issuer, fund price |
| Fall to the buffer in index terms | 10.8% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 50 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 11, 2026 |

## Questions

### How much can PNOV still gain?

About 2.5% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +13.3%.

### How far can PNOV fall before the buffer helps?

9.5% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 10.8% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the PNOV buffer is left?

15.0% of the 15.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does PNOV reset?

The outcome period ends on Oct 31, 2026, 50 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does PNOV cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

ETFIQ, PNOV, data as of Sep 11, 2026. https://etfiq.com/funds/pnov
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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