Innovator Nasdaq 100 Power Buffer ETF - April
$60.87−0.08 (−0.13%)
- Expense ratio
- 0.79%
- Fund size
- $212M
- 1Y return
- +15.8%
- Yield · Last 12 months
- —
- Holdings
- 6
- Volume · 30D
- 0M sh
- NAV per share
- $60.59
- 52W range
The ETF.net NAPR Grade
Score 58 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 39Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 68Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 81Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 80Category rank
Our read on NAPR
BA one-year seatbelt on the Nasdaq-100. NAPR aims to absorb the first 15% of losses in the Nasdaq-100 ETF it references over each April-to-March stretch, in exchange for a ceiling on gains that is reset every April.
The Fund seeks to track the return of the Invesco QQQ Trust (QQQ), subject to a predetermined upside cap and protection against the first 15% of losses during the outcome period.
Why people hold it
- Deep cushion by design: the structure targets the first 15 percentage points of reference-ETF losses over the outcome period, so you take the hit only past that line.innovatoretfs.com
- It rolls instead of expiring. Every April 1 the buffer resets and a fresh cap is struck for the next twelve months, so the position keeps running without you rebuilding it.innovatoretfs.com
- Running since 2020, this April vintage has several completed outcome periods behind it, back when defined-outcome funds were still a curiosity rather than a shelf.
- The 0.79% fee sits right at the median for Nasdaq-100 buffer funds, and the overall build lands in the upper half of that peer group.
Worth knowing
- The cushion is paid for with a ceiling. Upside is capped at a level struck each April, so a blistering Nasdaq year above that cap is return you watch rather than collect.innovatoretfs.com
- Terms are built for the full April-to-March period. Buy mid-period and your personal cushion and ceiling differ from the headline numbers, sometimes a lot.innovatoretfs.com
- Mid-pack on cost, not cheap: PBQQ runs 0.50% and the Calamos Nasdaq-100 series 0.69%. Shares also trade thinly, which can widen the spread at the point of entry.
NAPR Holdings
- Stocks
- 6
- 116%
- QQQ 03/31/2027 5.77 C
Sectors
NAPR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | NAPR |
|---|---|
| Year to date | +13.5% |
| 1 month | +1.7% |
| 3 months | +3.0% |
| 1 year | +15.8% |
| 3 years | +13.4% |
| 5 years | +9.9% |
| 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 | NAPR |
|---|---|---|
| 2026 YTD | +13.5% | |
| 2025 | +6.6% | |
| 2024 | +13.3% | |
| 2023 | +30.6% | |
| 2022 | −12.1% | |
| 2021 | +9.1% | |
| 2020 | +15.9% |
NAPR in the news
ETF.net Research hasn’t filed on NAPR yet — coverage lands here as it’s written.
NAPR Dividends
No distributions in the last 12 months.
NAPR Risk
- 7.3%
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.
- 1.03
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.
- −16.5%
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.
- 0.48
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NAPR Cost
- The middle half of Nasdaq-100 Buffer 15% funds
- Median 0.79%
7 of the 15 Nasdaq-100 Buffer 15% funds charge less.