Innovator International Developed 10 Buffer ETF
$31.39+0.03 (+0.10%)
- 0.85%
- $117M
- +10.6%
- 0M sh
- $31.31
- low $28.25high $32.31
The ETF.net IBUF Grade
B
Score 58 out of 100
- 3 of 11
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 100Rank 5 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.A96 out of 100Rank 1 of 2Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A76 out of 100Rank 4 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A74 out of 100Rank 1 of 11Holdings
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.A79 out of 100Rank 3 of 11
Our read on IBUF
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.
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 Holdings
- Other
- 3
- 102%
- Efa 12/31/2026 0.26 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%
IBUF 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.Not enough history yet.Not enough history yet.
IBUF$11,060
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 | IBUF |
|---|---|
| Year to date | +7.2% |
| 1 month | −2.3% |
| 3 months | −0.7% |
| 1 year | +10.6% |
| 3 years | — |
| 5 years | — |
| 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 | IBUF |
|---|---|---|
| 2026 YTD | +7.2% | |
| 2025 | +13.5% | |
| 2024 | +2.8% |
IBUF in the news
Week in Funds
ZOCT paid its cap, then reset at 9.43%
IBUF Dividends
No distributions in the last 12 months.
IBUF Risk
- 4.0%
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.
- 1.46
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.
- −5.9%
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.
- 0.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IBUF Cost
0.85%
IBUF0.85%
- The middle half of Other Buffered funds
- Median 0.85%
2 of the 9 Other Buffered funds charge less.
Other funds in Other Buffered
- BKBFRInnovator U.S. Small Cap Managed 10 Buffer ETFExpense ratio 0.79%1 year return —
- BTBJLInnovator 20+ Year Treasury Bond 9 Buffer ETF - JulyExpense ratio 0.79%1 year return −9.2%
- BRSJNFT Vest U.S. Equity Equal Weight Buffer ETF - JuneExpense ratio 0.85%1 year return +13.0%
- CRSSEFT Vest U.S. Equity Equal Weight Buffer ETF - SeptemberExpense ratio 0.85%1 year return +13.3%
- CRSMRFT Vest U.S. Equity Equal Weight Buffer ETF - MarchExpense ratio 0.85%1 year return +13.6%