Skip to content
etf.net

IBUF

GradeBNew York Stock Exchange Arca

Innovator International Developed 10 Buffer ETF

Buffered · Innovator · Inception 2024-07-01

$31.79−0.36 (−1.12%)

As of Sep 23, 2026, 2:21 PM EDT

History starts Jul 1, 2024.
Intraday session: down, 46 prints from 32.15 to 31.79. Range 31.71 to 32.09. Use the arrow keys to read each point.$31.70$31.90$32.00$32.1010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$114M
1Y return
+13.2%
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$31.78
52W range
low $28.25high $32.31

The ETF.net IBUF Grade

B

61/ 100

Rank 2 of 11 in Other Buffered⁠

Confidence Medium

Six-pillar profile for IBUF. Scores out of 100: Cost 39, Risk 86, Mission not scored, Tradability 77, Holdings not scored, Durability 78. Strongest: Risk (86). Weakest: Cost (39). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 61 of 100 sits in the B 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 39
    Category rank6/11 · 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.
    AScore 86
    Category rank1/11 · top 9%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 77
    Category rank1/11 · top 9%

  • 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 78
    Category rank3/11 · top 27%

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

Our read on IBUF

ETF.net Research

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

  1. 01Buffer 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.
  2. 02The outcome period runs a quarter, not a year, so the buffer and the cap reset four times annually rather than once.
  3. 03At 0.85% a year, it comes in under the median fee among the buffer funds we track.
  4. 04Sits among the strongest implementations in its buffer-fund peer group on our review.

Worth knowing

  1. 01The 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.
  2. 02The 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.
  3. 03Launched in July 2024 and lightly traded, so the track record is short and spreads can run wider than on large index funds.

IBUF Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
EFA 09/30/2026 0.26 C100.0%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—EFA 09/30/2026 0.26 C100.03%10,899$115M1
002—EFA 09/30/2026 103.88 P0.39%10,899$447K1
003—US BANK MMDA - USBGFS 9 09/01/20370.08%90,902$91K161

Showing 1–3 of 3 holdings

IBUF Performance

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

IBUF$11,324
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. IBUF $11,324. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 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 IBUF. Periods over one year show the average yearly return.
PeriodIBUF
Year to date+10.0%
1 month+0.2%
3 months+2.7%
1 year+13.2%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—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 IBUF
YearReturn barIBUF
2026 YTD+10.0%
2025+13.5%
2024+2.8%

Since listing, Jul 1, 2024

IBUF in the news

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

IBUF Dividends

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

No distributions in the last 12 months.

IBUF Risk

How much the fund’s monthly returns vary, scaled to a year.
3.4%
Annualised · 25 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.
2.16
vs 3-month T-bills · 25 months 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.
−5.9%
26 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.

IBUF Cost

Expense ratio0.85%
  • The middle half of Other Buffered funds
  • Median 0.85%

2 of the 9 Other Buffered funds charge less.

IBUF costs $85.00 a year on $10,000. The median Other Buffered fund costs $85.00.