Innovator Intl Developed Power Buffer ETF
$33.42+0.12 (+0.35%)
- 0.85%
- $190M
- +11.5%
- 0M sh
- $33.36
- low $29.70high $34.32
The ETF.net IAPR Grade
C
Score 53 out of 100
- 7 of 26
Score 53 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 100Rank 11 of 26Mission
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.B65 out of 100Rank 5 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 11 of 26Holdings
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.A86 out of 100Rank 2 of 26
Our read on IAPR
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.
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
- Stocks
- 3
- 102%
- Efa 03/31/2027 0.97 C
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%
IAPR 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.
IAPR$11,153
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 | IAPR |
|---|---|
| Year to date | +8.0% |
| 1 month | −2.0% |
| 3 months | 0.0% |
| 1 year | +11.5% |
| 3 years | +11.4% |
| 5 years | +5.5% |
| 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 | IAPR |
|---|---|---|
| 2026 YTD | +8.0% | |
| 2025 | +15.5% | |
| 2024 | +3.8% | |
| 2023 | +7.7% | |
| 2022 | −7.6% | |
| 2021 | +2.7% |
IAPR in the news
Week in Funds
ZOCT paid its cap, then reset at 9.43%
IAPR Dividends
No distributions in the last 12 months.
IAPR Risk
- 6.4%
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.
- 1.04
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.
- −17.7%
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.
- 0.33
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IAPR Cost
0.85%
IAPR0.85%
- The middle half of Developed International Buffer 15% funds
- Median 0.85%
10 of the 26 Developed International Buffer 15% funds charge less.
Other funds in Developed International Buffer 15%
- BJULIAIM ETF Products Trust - AllianzIM International Equity Buffer15 Uncapped Jul ETFExpense ratio 0.79%1 year return —
- CIJULInnovator Intl Developed Power Buffer ETFExpense ratio 0.85%1 year return +10.7%
- CISEPInnovator Intl Developed Power Buffer ETFExpense ratio 0.85%1 year return +9.9%
- CIJUNInnovator International Developed Power Buffer ETF - JuneExpense ratio 0.85%1 year return +10.4%
- CQBIVAIM ETF Products Trust - AllianzIM International Equity Buffer5 ETFExpense ratio 0.74%1 year return —