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Launched · SEC filings

Innovator Intl Developed Power Buffer ETF

IFEBNYSE ArcaInnovatorC

$31.33+0.09 (+0.29%)

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

C46/ 100

Rank 13 of 26 in Developed International Buffer 15%

C46/100Rank 13 of 26inDeveloped International Buffer 15%
Intraday session: up, 78 prints from 31.24 to 31.33. Range 31.33 to 31.47. Use the arrow keys to read each point.31.3031.4031.4510 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$56M
1Y total return
+5.6%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
7.72K sh
52W range
low $29.13high $33.48
Launched
Filings
SEC EDGAR

The ETF.net IFEB Grade

Based on 4 of 6 pillars

C

Score 46 out of 100

Category
Developed International Buffer 15%⁠
Rank
13 of 26
Six-pillar profile for IFEB. Scores out of 100: Cost 38, Risk 38, Mission not scored, Tradability 68, Holdings not scored, Durability 63. Strongest: Tradability (68). Weakest: Risk (38). Based on 4 of 6 pillars.

Score 46 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.
    D38 out of 100
    Rank 21 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 8 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.
    B63 out of 100
    Rank 11 of 26

Our read on IFEB

ETF.net Research

In short

CBuffer ETFs are mostly an S&P 500 game. IFEB points the same machinery overseas: FLEX options on developed-market stocks outside the US and Canada, absorbing the first 15% of a year's losses in exchange for a cap. Resets every February 1.

Stated mandate

The fund seeks to track the return of the iShares MSCI EAFE ETF, subject to a predetermined cap, while protecting against the first 15% of losses during the outcome period.

Why people hold it

  • Most defined-outcome ETFs track US large caps. This one aims the same FLEX-options machinery at developed markets outside the US and Canada.sec.gov
  • Fifteen points is the deep end of the buffer menu: the first 15% of the reference ETF's price decline over an outcome period is absorbed before losses reach shareholders.sec.gov
  • Not a one-date bet. Innovator runs the same EAFE strategy on other reset months (IJAN, IMAR, IAPR), so an investor can pick a month or spread across several.
  • The 0.85% fee sits right at the median for international buffer funds.

Worth knowing

  • The cap is what pays for the buffer. A fresh one is set at the start of each February period, so the ceiling on upside is different every year.sec.gov
  • The terms are built for a full Feb 1 to Jan 31 hold. Buy mid-period and the effective buffer and upside differ from the stated ones.sec.gov
  • Price return only: the fund holds options on the EAFE ETF and does not receive its dividends. It also trades thinly and costs more than some rivals (BUFI, QBIF).sec.gov

IFEB Performance

Launched Feb 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.
IFEB$10,558
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. IFEB $10,558. 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 IFEB. Periods over one year show the average yearly return.
PeriodIFEB
Year to date+3.4%
1 month−0.5%
3 months−1.4%
1 year+5.6%
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 IFEB
YearReturn barIFEB
2026 YTD+3.4%
2025+19.4%
2024+0.5%

Since listing, Feb 1, 2024

IFEB in the news

IFEB Dividends

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

No distributions in the last 12 months.

IFEB Risk

Risk pillarD38 out of 100Rank 21 of 26 in Developed International Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
7.0%
Annualised · 32 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.
0.51
vs 3-month T-bills · 32 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.
−8.8%
32 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.
0.32
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.

IFEB Cost

Compare IFEB 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.

  • IFEB 0.85%

    $16,199

  • IDJN 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • IFEB 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$20K051015202530IFEB $16,199IDJN $6,149

Year by year

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

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