Innovator Premium Income 20 Barrier ETF
$24.85+0.02 (+0.08%)
- 0.79%
- $25M
- +8.1%
- 7.48%
- 0M sh
- $24.86
- low $24.48high $25.57
The ETF.net APRH Grade
D
Score 34 out of 100
- 21 of 24
Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F4 out of 100Rank 22 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A77 out of 100Rank 2 of 23Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 14 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 16 of 24
Our read on APRH
DMost defined-outcome ETFs sell you a buffer. APRH sells income: a distribution rate fixed at the start of each roughly one-year outcome period, paid quarterly, sitting on a 20% barrier against S&P 500 price declines.
The Fund seeks high income over approximately one-year Outcome Periods through a Defined Distribution Rate, while exposing investors to S&P 500 losses that exceed a 20% Barrier.
Why people hold it
- Income is the product, not a byproduct. Each outcome period opens with a stated Defined Distribution Rate, paid out quarterly.
- The 20% barrier is written into the fund's terms, so you know the downside trigger point on the S&P 500 price index before you own a share.
- The options package and the annual reset happen inside a 1940 Act ETF, running on this April schedule since 2023. No collar to build or roll yourself.
Worth knowing
- Barrier, not buffer. If the index ends an outcome period more than 20% down, you take the whole decline, not just the slice past 20%.
- Your upside is that period's distribution rate; index gains above it stay behind. Payouts can include return of capital, meaning some of your own money back.
- At 0.79% a year it carries a higher fee than other 20% downside peers, such as PBFR at 0.50% and PSFM at 0.49%.
APRH Holdings
- Stocks
- 4
- 107%
- United States Treasury Bill 03/18/2027
Sectors
- Technology38.7%
- Financials12.1%
- Communication9.5%
- Consumer Discretionary9.3%
- Health Care9.3%
- Industrials7.8%
- Consumer Staples4.5%
- Energy3.5%
- Utilities2.0%
- Real Estate1.8%
- Materials1.7%
APRH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
APRH$10,807
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | APRH |
|---|---|
| Year to date | +6.5% |
| 1 month | +0.4% |
| 3 months | +1.3% |
| 1 year | +8.1% |
| 3 years | +7.4% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | APRH |
|---|---|---|
| 2026 YTD | +6.5% | |
| 2025 | +7.0% | |
| 2024 | +6.9% | |
| 2023 | +7.0% |
APRH in the news
APRH Dividends
- 7.48%
- $1.86
- $0.52 per share
- Quarterly
Distribution history
APRH Risk
- 2.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.37
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −5.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
APRH Cost
0.79%
APRH0.79%
- The middle half of S&P 500 Buffer 20% funds
- Median 0.74%
21 of the 24 S&P 500 Buffer 20% funds charge less.
Other funds in S&P 500 Buffer 20%
- CFEBWAllianzIM U.S. Equity Buffer20 Feb ETFExpense ratio 0.74%1 year return +11.1%
- CMARWAllianzIM U.S. Equity Buffer20 Mar ETFExpense ratio 0.74%1 year return +11.2%
- CPQXXPGIM Rock ETF Trust - PGIM S&P 500 Quarterly Buffer 20 ETFExpense ratio 0.50%1 year return —
- DJULHInnovator Premium Income 20 Barrier ETF - JulyExpense ratio 0.79%1 year return +7.2%
- FOCTHInnovator Premium Income 20 Barrier ETFExpense ratio 0.79%1 year return +7.9%