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Launched

Innovator Intl Developed Power Buffer ETF

IAPRNYSE ArcaInnovatorC

$33.45+0.12 (+0.36%)

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

C52/ 100

Rank 10 of 26 in Developed International Buffer 15%

C52/100Rank 10 of 26inDeveloped International Buffer 15%
Intraday session: up, 78 prints from 33.33 to 33.45. Range 33.45 to 33.63. Use the arrow keys to read each point.33.4033.5033.5533.6010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$190M
1Y total return
+10.3%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
8.16K sh
52W range
low $29.70high $34.32
Launched

The ETF.net IAPR Grade

Based on 4 of 6 pillars

C

Score 52 out of 100

Category
Developed International Buffer 15%⁠
Rank
10 of 26
Six-pillar profile for IAPR. Scores out of 100: Cost 38, Risk 62, Mission not scored, Tradability 62, Holdings not scored, Durability 85. Strongest: Durability (85). Weakest: Cost (38). Based on 4 of 6 pillars.

Score 52 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.
    D38 out of 100
    Rank 11 of 26

  • 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 6 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 11 of 26

  • 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.
    A85 out of 100
    Rank 3 of 26

Our read on IAPR

ETF.net Research

In short

CBuffer ETFs are overwhelmingly an S&P 500 game. IAPR runs the same playbook on developed international stocks: EAFE-linked upside to a preset cap, the first 15% of losses absorbed, and a fresh reset every April.

Stated mandate

The Fund seeks to track the performance of the iShares MSCI EAFE ETF over an approximately one-year outcome period, subject to a capped upside and protection against the first 15% of losses.

Why people hold it

  • Buffer mechanics aimed at developed international stocks, not the S&P 500: FLEX options on the iShares MSCI EAFE ETF, absorbing the first 15% of losses each outcome period.innovatoretfs.com
  • Built to be held indefinitely. The cap and buffer reset at the start of each April outcome period, so there is no forced roll into a different product every year.innovatoretfs.com
  • 0.85% a year, dead on the median for its buffer peer group. Defined-outcome funds cost more than plain index trackers, and this one sits at the middle of that shelf, not the pricey end.
  • A standard 1940 Act ETF, with the FLEX options settled through the Options Clearing Corporation rather than resting on one bank's balance sheet the way a structured note does.innovatoretfs.com

Worth knowing

  • The 15% buffer and the cap are measured from the first day of the outcome period. Buy mid-period and you inherit whatever cushion and upside remain, not the headline terms.innovatoretfs.com
  • Upside stops at the cap, and the fund owns options rather than the underlying shares, so overseas dividends do not reach you as income.innovatoretfs.com
  • Trades thinly next to the biggest buffer funds, so the bid-ask spread is a larger slice of what it costs to get in and back out.

IAPR Holdings

Asset class
Stocks
Holdings
3
Top-10 weight
101%
Largest holding
Efa 03/31/2027 0.97 C99.1%

Sectors

  • Financials26.1%
  • Industrials18.7%
  • Technology12.0%
  • Health Care10.1%
  • Consumer Discretionary7.1%
  • Consumer Staples6.4%
  • Materials5.8%
  • Communication4.7%
  • Energy4.0%
  • Utilities3.6%
  • Real Estate1.5%

Geography

  • Japan24.27%
  • United Kingdom14.07%
  • Switzerland10.16%
  • Germany8.78%
  • France8.26%
  • Australia6.73%
  • Netherlands6.02%
  • Spain3.72%
  • Other countries (17)17.99%

Developed 99% · Emerging 1% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataEfa 03/31/2027 0.97 C99.14%18,627$188M1
2No dataEfa 03/31/2027 97.13 P2.01%18,627$3.81M1
3No dataUs Bank Mmda - Usbgfs 9 09/01/20370.22%422,714$423K163

Showing 1–3 of 3 holdings

IAPR 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.
IAPR$11,033
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. IAPR $11,033. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 IAPR. Periods over one year show the average yearly return.
PeriodIAPR
Year to date+8.1%
1 month−0.5%
3 months−0.9%
1 year+10.3%
3 yearsper year+11.9%
5 yearsper year+5.1%
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 IAPR
YearReturn barIAPR
2026 YTD+8.1%
2025+15.5%
2024+3.8%
2023+7.7%
2022−7.6%
2021+2.7%

Since listing, Apr 1, 2021

IAPR in the news

IAPR Dividends

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

No distributions in the last 12 months.

IAPR Risk

Risk pillarB62 out of 100Rank 6 of 26 in Developed International Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
6.3%
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.
1.11
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.
−17.7%
Trough Sep 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.
0.33
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.

IAPR Cost

Compare IAPR and IDJN

Overpaying vs IDJN, tied cheapest in Developed International Buffer 15%

$10,050

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

  • IAPR 0.85%

    $16,199

  • IDJN 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • IAPR 0.85%
  • IDJN 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$20K051015202530IAPR $16,199IDJN $6,149

Year by year

YearIAPRIDJNOverpaying
10$1,508$545$963
20$5,706$2,113$3,593
30$16,199$6,149$10,050

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