(BALT) Innovator Defined Wealth - Overview
Etf: S&P 500, FLEX Options, ETF, Non-Diversified
| Risk 5d forecast | |
|---|---|
| Volatility | 2.58% |
| Relative Tail Risk | -3.02% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.51 |
| Alpha | -0.35 |
| Character TTM | |
|---|---|
| Beta | 0.213 |
| Beta Downside | 0.232 |
| Drawdowns 3y | |
|---|---|
| Max DD | 4.89% |
| CAGR/Max DD | 1.61 |
Description: BALT Innovator Defined Wealth January 14, 2026
The Innovator Defined Wealth Shield ETF (BATS:BALT) is a non-diversified, defined-outcome fund that allocates at least 80 % of its net assets to FLEX Options tied to the SPDR S&P 500 ETF (SPY). FLEX Options are exchange-traded contracts whose expiration dates, strike prices, and settlement terms can be customized, allowing the fund to structure payoff profiles that aim to protect capital while participating in equity market upside.
Key quantitative considerations (as of the most recent filing) include a < 0.5 % expense ratio, an average option-duration of roughly 30 days, and a targeted “down-side protection” level of 10 % loss relative to SPY over any 12-month horizon. The fund’s performance is highly sensitive to implied volatility (VIX) and the shape of the SPY options volatility surface; periods of elevated VIX typically increase the cost of protective structures, compressing net returns. Additionally, macro-drivers such as U.S. monetary-policy stance and earnings season volatility can materially affect the pricing of the custom options the ETF employs.
If you want a deeper, data-driven look at how BALT’s option-based strategy behaves across market regimes, ValueRay’s analytical dashboards provide granular back-tests and scenario analyses worth exploring.
What is the price of BALT shares?
Over the past week, the price has changed by +0.15%, over one month by +0.63%, over three months by +2.18% and over the past year by +6.70%.
Is BALT a buy, sell or hold?
What are the forecasts/targets for the BALT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 36.1 | 6.9% |
BALT Fundamental Data Overview February 02, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 2.08b USD (2.08b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 2.08b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 2.08b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.70% (E(2.08b)/V(2.08b) * Re(6.70%) + (debt-free company))
Discount Rate = 6.70% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)