Innovator Intl Developed Power Buffer ETF
$37.72+0.04 (+0.11%)
- 0.85%
- $190M
- +11.0%
- 0M sh
- $37.59
- low $33.49high $38.37
The ETF.net IOCT Grade
B
Score 57 out of 100
- 3 of 26
Score 57 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 100Rank 11 of 26Mission
Whether the fund did what it promised, tested against its stated mandate.A72 out of 100Rank 2 of 3Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B61 out of 100Rank 7 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A85 out of 100Rank 2 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.A83 out of 100Rank 6 of 26
Our read on IOCT
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.
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
- Stocks
- 3
- 103%
- Efa 09/30/2027 1.04 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%
IOCT 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.
IOCT$11,102
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 | IOCT |
|---|---|
| Year to date | +8.1% |
| 1 month | −1.2% |
| 3 months | +1.4% |
| 1 year | +11.0% |
| 3 years | +12.8% |
| 5 years | +8.5% |
| 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 | IOCT |
|---|---|---|
| 2026 YTD | +8.1% | |
| 2025 | +19.0% | |
| 2024 | +4.9% | |
| 2023 | +17.5% | |
| 2022 | −6.3% | |
| 2021 | +1.0% |
IOCT in the news
Week in Funds
ZOCT paid its cap, then reset at 9.43%
IOCT Dividends
No distributions in the last 12 months.
IOCT Risk
- 6.9%
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.
- 1.15
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.
- −16.9%
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.
- 0.35
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IOCT Cost
0.85%
IOCT0.85%
- 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%
- BBUFIAB Active ETFs, Inc. - AB International Buffer ETFExpense ratio 0.69%1 year return +9.3%
- BQBIFAIM ETF Products Trust - AllianzIM International Equity Buffer15 ETFExpense ratio 0.74%1 year return —
- BIAUGInnovator Intl Developed Power Buffer ETFExpense ratio 0.85%1 year return +9.0%
- BJULIAIM ETF Products Trust - AllianzIM International Equity Buffer15 Uncapped Jul ETFExpense ratio 0.79%1 year return —
- CIJULInnovator Intl Developed Power Buffer ETFExpense ratio 0.85%1 year return +10.7%