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Launched · SEC filings

Innovator Intl Developed Power Buffer ETF

IOCTNYSE ArcaInnovatorB

$37.85+0.17 (+0.45%)

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

B55/ 100

Rank 4 of 26 in Developed International Buffer 15%

B55/100Rank 4 of 26inDeveloped International Buffer 15%
Intraday session: up, 79 prints from 37.68 to 37.85. Range 37.80 to 37.99. Use the arrow keys to read each point.37.7537.8037.9037.9538.0010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$200M
1Y total return
+10.1%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
22K sh
52W range
low $31.90high $38.37
Launched
Filings
SEC EDGAR

The ETF.net IOCT Grade

Based on 5 of 6 pillars

B

Score 55 out of 100

Category
Developed International Buffer 15%⁠
Rank
4 of 26
Six-pillar profile for IOCT. Scores out of 100: Cost 38, Risk 59, Mission 72, Tradability 80, Holdings not scored, Durability 82. Strongest: Durability (82). Weakest: Cost (38). Based on 5 of 6 pillars.

Score 55 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.
    D38 out of 100
    Rank 11 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A72 out of 100
    Rank 2 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 9 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A80 out of 100
    Rank 5 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.
    A82 out of 100
    Rank 6 of 26

Our read on IOCT

ETF.net Research

In short

BPadding for the non-US sleeve. IOCT tracks the iShares MSCI EAFE ETF, absorbs the first 15% of losses over each 12-month outcome period, and gives up gains above a cap in exchange. The clock resets every October 1.

Stated mandate

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

Why people hold it

  • The deal is written into the fund's own terms: the first 15 percentage points of the reference ETF's losses are absorbed over the outcome period, with upside capped at a level set at each reset.innovatoretfs.com
  • The reference asset is the iShares MSCI EAFE ETF, so the buffer sits on developed international stocks rather than the S&P 500 that most defined-outcome funds target.innovatoretfs.com
  • Part of a monthly series (IJUL, IMAY, IMAR, IAPR and more) running the same 15% structure on staggered start months, so entry points are not limited to one date a year.
  • Priced at 0.85%, the same as the median international buffer fund, and it grades in the upper half of a 17-fund peer group.

Worth knowing

  • The 15% buffer and the cap are designed to work over a full outcome period. Buy partway through and you inherit whatever buffer and upside are left, not the headline terms.innovatoretfs.com
  • Volume is light compared with mainstream international funds, which can mean wider spreads on the way in and out.
  • This is an options package, not an income vehicle: it has not paid distributions over the past year, so any result shows up in the share price.

IOCT Holdings

Asset class
Stocks
Holdings
3
Top-10 weight
102%
Largest holding
Efa 09/30/2027 1.04 C97.1%

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%

Geography

  • Japan24.27%
  • United Kingdom14.07%
  • Switzerland10.16%
  • Germany8.78%
  • France8.26%
  • Australia6.73%
  • Netherlands6.02%
  • Spain3.72%
  • Other countries (17)17.99%

Developed 99% · Emerging 1% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataEfa 09/30/2027 1.04 C97.06%19,368$194M1
2No dataEfa 09/30/2027 103.89 P5.16%19,368$10.3M1
3No dataUs Bank Mmda - Usbgfs 9 09/01/20370.26%518,755$519K163

Showing 1–3 of 3 holdings

IOCT Performance

Launched Oct 1, 2021

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.
IOCT$11,008
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. IOCT $11,008. 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 IOCT. Periods over one year show the average yearly return.
PeriodIOCT
Year to date+8.1%
1 month−0.2%
3 months+0.4%
1 year+10.1%
3 yearsper year+13.6%
5 yearsper year+8.2%
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 IOCT
YearReturn barIOCT
2026 YTD+8.1%
2025+19.0%
2024+4.9%
2023+17.5%
2022−6.3%
2021+1.0%

Since listing, Oct 1, 2021

IOCT in the news

IOCT Dividends

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

No distributions in the last 12 months.

IOCT Risk

Risk pillarB59 out of 100Rank 9 of 26 in Developed International Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
6.7%
Annualised · 36 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.
1.29
vs 3-month T-bills · 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.
−16.9%
Trough Oct 2022
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.
0.35
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.

IOCT Cost

Compare IOCT 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.

  • IOCT 0.85%

    $16,199

  • IDJN 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • IOCT 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$20K051015202530IOCT $16,199IDJN $6,149

Year by year

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

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