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Launched

Innovator Emerging Markets Power Buffer ETF - April

EAPRNYSE ArcaInnovatorC

$32.27+0.05 (+0.16%)

At close: Nov 2, 2026, 4:00 PM ET

C54/ 100

Rank 5 of 16 in Emerging Markets Buffer

C54/100Rank 5 of 16inEmerging Markets Buffer
Intraday session: up, 78 prints from 32.22 to 32.27. Range 32.27 to 32.69. Use the arrow keys to read each point.32.4032.5032.6032.7010 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$93M
1Y total return
+9.9%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
7.88K sh
52W range
low $29.07high $34.46
Launched

The ETF.net EAPR Grade

Based on 4 of 6 pillars

C

Score 54 out of 100

Category
Emerging Markets Buffer⁠
Rank
5 of 16
Six-pillar profile for EAPR. Scores out of 100: Cost 47, Risk 62, Mission not scored, Tradability 55, Holdings not scored, Durability 77. Strongest: Durability (77). Weakest: Cost (47). Based on 4 of 6 pillars.

Score 54 of 100 falls in the C 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.
    C47 out of 100
    Rank 7 of 16

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B62 out of 100
    Rank 5 of 16

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 9 of 16

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A77 out of 100
    Rank 4 of 16

Our read on EAPR

ETF.net Research

In short

CBuffers are almost always an S&P 500 story. EAPR aims the same machinery at emerging markets: the first 15% of the reference ETF's losses absorbed over a one-year outcome period, with upside capped in exchange.

Stated mandate

The fund seeks capped participation in the return of the iShares MSCI EM ETF while protecting against the first 15% of losses during the outcome period.

Why people hold it

  • The rare emerging markets buffer. Standard defined-outcome machinery pointed at the iShares MSCI EM ETF (EEM), absorbing the first 15% of its losses over each outcome period.innovatoretfs.com
  • Terms are known up front. The period runs April 1 to March 31, the cap is struck at the start, and the whole thing resets on the next April roll.
  • Fee sits at the buffer cohort median (0.89%), so the harder-to-hedge emerging markets version carries no surcharge against the group.
  • A sibling October series (EOCT) runs the same reference, so start dates can be staggered instead of hinging on a single April entry.

Worth knowing

  • The buffer and the cap are one package for the full period. Enter mid-period and you inherit that day's remaining buffer and upside room, not the headline terms.
  • The cap is what pays for the protection: in a roaring EM year, anything above it stays with the market.
  • Thinly traded next to the big S&P 500 buffer funds, so spreads and limit orders deserve attention.

EAPR Performance

Launched Apr 1, 2021

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.
EAPR$10,991
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. EAPR $10,991. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for EAPR. Periods over one year show the average yearly return.
PeriodEAPR
Year to date+8.7%
1 month−5.1%
3 months−0.5%
1 year+9.9%
3 yearsper year+10.4%
5 yearsper year+5.4%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EAPR
YearReturn barEAPR
2026 YTD+8.7%
2025+14.8%
2024+2.9%
2023+8.2%
2022−5.0%
2021−2.8%

Since listing, Apr 1, 2021

EAPR in the news

EAPR Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

EAPR Risk

Risk pillarB62 out of 100Rank 5 of 16 in Emerging Markets Buffer
How much the fund’s monthly returns vary, scaled to a year.
7.7%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.80
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−15.3%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.37
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

EAPR Cost

Compare EAPR and EMAU

Overpaying vs EMAU, tied cheapest in Emerging Markets Buffer

$10,723

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EAPR 0.89%

    $16,872

  • EMAU 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • EAPR 0.89%
  • EMAU 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EAPR $16,872EMAU $6,149

Year by year

YearEAPREMAUOverpaying
10$1,576$545$1,031
20$5,953$2,113$3,840
30$16,872$6,149$10,723

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