Innovator Intl Developed Power Buffer ETF
$36.65+0.14 (+0.39%)
- 0.85%
- $36M
- +9.9%
- 0M sh
- $36.52
- low $32.92high $38.15
The ETF.net INOV Grade
C
Score 49 out of 100
- 12 of 26
Score 49 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.C51 out of 100Rank 10 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A71 out of 100Rank 7 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.C51 out of 100Rank 16 of 26
Our read on INOV
CMost buffer ETFs hedge the S&P 500. This one hedges the rest of the developed world: it targets the return of the iShares MSCI EAFE ETF with the first 15% of losses absorbed, in exchange for a cap reset every November.
The Fund seeks to match the return of the iShares MSCI EAFE ETF, subject to a predetermined upside cap, while protecting the first 15% of losses during the outcome period.
Why people hold it
- Rare bird in the buffer aisle: the reference asset is the iShares MSCI EAFE ETF, so the defined-outcome machinery is pointed at Europe, Japan and Australia rather than US large caps.innovatoretfs.com
- The 15% downside buffer is written into the fund's own terms, not a manager's judgment call. Same rule every outcome period, whatever the market mood.
- November is this fund's slot in a 12-month ladder (IJAN through IDEC all run the same EAFE playbook), so entry dates can be staggered instead of hinging on one reset.
- At 0.85% a year, the fee lands right at the median for its buffered peer group. No surcharge for the international plumbing.
Worth knowing
- Upside is capped, and the cap is reset each November 1 for the following 12 months. Buying mid-period means taking whatever cap and remaining buffer exist that day, not the headline terms.
- Past the first 15%, losses pass straight through. The buffer is a cushion measured over the full outcome period, not a floor you can count on day to day.
- Small and thinly traded next to its siblings, so spreads and limit orders matter. Income isn't part of the design either; this structure has not been paying distributions.
INOV Holdings
- Stocks
- 3
- 100%
- Efa 10/30/2026 0.94 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%
INOV 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.
INOV$10,987
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 | INOV |
|---|---|
| Year to date | +5.7% |
| 1 month | −3.2% |
| 3 months | −1.1% |
| 1 year | +9.9% |
| 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 | INOV |
|---|---|---|
| 2026 YTD | +5.7% | |
| 2025 | +20.6% | |
| 2024 | +5.9% | |
| 2023 | +7.7% |
INOV in the news
Week in Funds
ZOCT paid its cap, then reset at 9.43%
INOV Dividends
No distributions in the last 12 months.
INOV 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.
- 1.21
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.
- −8.0%
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.
- 0.31
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
INOV Cost
0.85%
INOV0.85%
- 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%
- CQBIVAIM ETF Products Trust - AllianzIM International Equity Buffer5 ETFExpense ratio 0.74%1 year return —
- CIJANInnovator International Developed Power Buffer ETF - JanuaryExpense ratio 0.85%1 year return +9.3%
- CIDECInnovator Intl Developed Power Buffer ETFExpense ratio 0.85%1 year return +11.0%
- CIMAYInnovator International Developed Power Buffer ETF - MayExpense ratio 0.85%1 year return +10.0%
- CARLIAIM ETF Products Trust - AllianzIM International Equity Buffer15 Uncapped Apr ETFExpense ratio 0.79%1 year return —