Innovator Intl Developed Power Buffer ETF
$34.84+0.07 (+0.20%)
- 0.85%
- $106M
- +9.9%
- 0M sh
- $34.69
- low $31.27high $35.83
The ETF.net ISEP Grade
C
Score 53 out of 100
- 7 of 26
Score 53 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.B62 out of 100Rank 3 of 3Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 11 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A84 out of 100Rank 3 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.A71 out of 100Rank 9 of 26
Our read on ISEP
CBuffers are everywhere on the S&P 500, far rarer overseas. ISEP wraps the big MSCI EAFE developed-markets fund and absorbs the first 15% of losses over a one-year outcome period that resets each September, with upside capped in return.
The fund seeks defined-outcome exposure to the iShares MSCI EAFE ETF (EFA), providing upside participation up to a cap while protecting against the first 15% of losses during the annual outcome period.
Why people hold it
- The 15% buffer is written into the fund's own terms, not a hope: it covers the first slice of reference-fund losses across a defined one-year period that resets every September 1.
- Foreign-stock exposure, not another S&P 500 clone: the reference asset is the iShares MSCI EAFE ETF, the standard developed-markets basket outside the US.
- Fee of 0.85% sits right at the median for developed-market buffer funds and under the 0.90% charged by some funds tracking the same reference (YSEP, YDEC).
- One of the stronger builds in a crowded 17-fund buffer group, and part of a monthly series on the same reference, so start dates can be laddered across the calendar.
Worth knowing
- The trade for the buffer is a ceiling. The cap is reset each September from option prices at that moment, so how much upside you hand over changes period to period.
- Buying mid-period is a different deal than buying at the reset: how much buffer and cap remain depends on where the reference fund has moved since September 1.
- Trading is thin next to plain index funds, so spreads can be wider and patient limit orders matter more, especially in size.
ISEP Holdings
- Stocks
- 3
- 103%
- Efa 08/31/2027 1.07 C
ISEP 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.
ISEP$10,989
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 | ISEP |
|---|---|
| Year to date | +6.7% |
| 1 month | −2.0% |
| 3 months | −0.1% |
| 1 year | +9.9% |
| 3 years | +12.4% |
| 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 | ISEP |
|---|---|---|
| 2026 YTD | +6.7% | |
| 2025 | +18.3% | |
| 2024 | +5.4% | |
| 2023 | +4.6% |
ISEP in the news
Week in Funds
ZOCT paid its cap, then reset at 9.43%
ISEP Dividends
No distributions in the last 12 months.
ISEP Risk
- 7.7%
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.
- 1.02
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.
- −7.4%
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.
- 0.36
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ISEP Cost
0.85%
ISEP0.85%
- 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%
- CIJULInnovator Intl Developed Power Buffer ETFExpense ratio 0.85%1 year return +10.7%
- CIAPRInnovator Intl Developed Power Buffer ETFExpense ratio 0.85%1 year return +11.5%
- CIJUNInnovator International Developed Power Buffer ETF - JuneExpense ratio 0.85%1 year return +10.4%
- 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%