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EAPR

GradeCNew York Stock Exchange Arca

Innovator Emerging Markets Power Buffer ETF - April

Buffered · Innovator · Inception 2021-04-01

$34.03−0.27 (−0.80%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 52 prints from 34.30 to 34.03. Range 33.97 to 34.37. Use the arrow keys to read each point.$34.10$34.20$34.30$34.4010 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$103M
1Y return
+17.8%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0M sh
NAV per share
$33.71
52W range
low $28.85high $34.31

The ETF.net EAPR Grade

C

50/ 100

Rank 6 of 16 in Emerging Markets Buffer⁠

Confidence Medium

Six-pillar profile for EAPR. Scores out of 100: Cost 37, Risk 62, Mission not scored, Tradability 58, Holdings not scored, Durability 79. Strongest: Durability (79). Weakest: Cost (37). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 37
    Category rank9/16 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 62
    Category rank5/14 · top 36%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 58
    Category rank8/16 · top 50%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 79
    Category rank3/16 · top 19%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on EAPR

ETF.net Research

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

  1. 01The 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
  2. 02Terms 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.
  3. 03Fee sits at the buffer cohort median (0.89%), so the harder-to-hedge emerging markets version carries no surcharge against the group.
  4. 04A sibling October series (EOCT) runs the same reference, so start dates can be staggered instead of hinging on a single April entry.

Worth knowing

  1. 01The 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.
  2. 02The cap is what pays for the protection: in a roaring EM year, anything above it stays with the market.
  3. 03Thinly traded next to the big S&P 500 buffer funds, so spreads and limit orders deserve attention.

EAPR Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
107%
Largest holding
EEM 03/31/2027 0.57 C105.3%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—EEM 03/31/2027 0.57 C105.33%16,289$110M1
002—EEM 03/31/2027 56.79 P1.76%16,289$2M1
003—US BANK MMDA - USBGFS 9 09/01/20370.18%183,593$184K161

Showing 1–3 of 3 holdings

EAPR Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EAPR$11,781
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EAPR $11,781. SPY $11,723. Use the arrow keys to read each point.$9,351$10,656$11,961Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+15.5%
1 month+2.3%
3 months+2.8%
1 year+17.8%
3 years+12.3%per year
5 years+6.7%per year
10 yearsFund is under 10 years old—per year

As of the close, 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+15.5%
2025+14.8%
2024+2.9%
2023+8.2%
2022−5.0%
2021−2.8%

Since listing, Apr 1, 2021

EAPR in the news

ETF.net Research hasn’t filed on EAPR yet — coverage lands here as it’s written.

EAPR Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

EAPR Risk

How much the fund’s monthly returns vary, scaled to a year.
7.3%
Annualised · 36 months to Aug 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.
0.87
vs 3-month T-bills · to Aug 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.
−15.7%
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.
0.38
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.

EAPR Cost

Expense ratio0.89%
  • The middle half of Emerging Markets Buffer funds
  • Median 0.89%

5 of the 14 Emerging Markets Buffer funds charge less.

EAPR costs $89.00 a year on $10,000. The median Emerging Markets Buffer fund costs $89.00.