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Launched

Innovator International Developed 10 Buffer ETF

IBUFNYSE ArcaInnovatorB

$31.51−0.16 (−0.51%)

As of Nov 10, 2026, 11:25 AM ET

B58/ 100

Rank 2 of 11 in Other Buffered

B58/100Rank 2 of 11inOther Buffered
Intraday session: down, 24 prints from 31.67 to 31.51. Range 31.51 to 31.63. Use the arrow keys to read each point.31.5531.5731.6031.6331.6510 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$121M
1Y total return
+10.9%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
16.3K sh
52W range
low $28.25high $32.31
Launched

The ETF.net IBUF Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
Other Buffered⁠
Rank
2 of 11
Six-pillar profile for IBUF. Scores out of 100: Cost 39, Risk 74, Mission 96, Tradability 75, Holdings not scored, Durability 80. Strongest: Mission (96). Weakest: Cost (39). Based on 5 of 6 pillars.

Score 58 of 100 falls in the B 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.
    D39 out of 100
    Rank 5 of 11

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A96 out of 100
    Rank 1 of 2

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A74 out of 100
    Rank 4 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A75 out of 100
    Rank 1 of 11

  • 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.
    A80 out of 100
    Rank 3 of 11

Our read on IBUF

ETF.net Research

In short

BMost buffer ETFs aim at the S&P 500. IBUF looks overseas, using the iShares MSCI EAFE ETF as its reference and buffering the first 10% of losses over each quarterly outcome period, with upside capped in return.

Stated mandate

The Fund uses a quarterly defined-outcome strategy based on the iShares MSCI EAFE ETF. It seeks to provide gains up to a cap while buffering the first 10% of reference-asset losses for investors holding through the full outcome period.

Why people hold it

  • Buffer funds crowd around US large caps. This one references the iShares MSCI EAFE ETF, so the 10% cushion sits on developed markets outside the US.
  • The outcome period runs a quarter, not a year, so the buffer and the cap reset four times annually rather than once.
  • At 0.85% a year, it comes in under the median fee among the buffer funds we track.
  • Sits among the strongest implementations in its buffer-fund peer group on our review.

Worth knowing

  • The price of the cushion is a ceiling. Gains above each quarter's cap are given up, and that cap is reset at the start of every outcome period.
  • The 10% buffer is designed for investors who hold a full outcome period. Buy mid-quarter and your actual cushion and cap differ from the stated terms.
  • Launched in July 2024 and lightly traded, so the track record is short and spreads can run wider than on large index funds.

IBUF Performance

Launched Jul 1, 2024

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.Not enough history yet.
IBUF$11,085
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. IBUF $11,085. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 IBUF. Periods over one year show the average yearly return.
PeriodIBUF
Year to date+8.3%
1 month+0.9%
3 months−1.1%
1 year+10.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
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 IBUF
YearReturn barIBUF
2026 YTD+8.3%
2025+13.5%
2024+2.8%

Since listing, Jul 1, 2024

IBUF in the news

IBUF Dividends

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

No distributions in the last 12 months.

IBUF Risk

Risk pillarA74 out of 100Rank 4 of 11 in Other Buffered
How much the fund’s monthly returns vary, scaled to a year.
4.0%
Annualised · 27 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.
1.40
vs 3-month T-bills · 27 months 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.
−5.9%
28 months · trough Apr 2025
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.
0.14
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.

IBUF Cost

Compare IBUF and KBFR

Overpaying vs KBFR, tied cheapest in Other Buffered

$1,025

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

  • IBUF 0.85%

    $16,199

  • KBFR 0.79% Tied cheapest

    $15,174

$10,000
30 years

Cost over time

  • IBUF 0.85%
  • KBFR 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530IBUF $16,199KBFR $15,174

Year by year

YearIBUFKBFROverpaying
10$1,508$1,405$103
20$5,706$5,331$375
30$16,199$15,174$1,025

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