Innovator Nasdaq 100 Power Buffer ETF - April
$61.22−0.01 (−0.02%)
- 0.79%
- $211M
- +16.9%
- 0M sh
- $61.22
- low $52.43high $61.37
The ETF.net NAPR Grade
C
Score 54 out of 100
- 3 of 20
Score 54 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.D39 out of 100Rank 8 of 20Mission
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.B68 out of 100Rank 5 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 8 of 20Holdings
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.A79 out of 100Rank 4 of 20
Our read on NAPR
CA 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
- 3
- 116%
- Qqq 03/31/2027 5.77 C
Sectors
- Technology60.1%
- Communication12.7%
- Consumer Discretionary10.1%
- Consumer Staples5.7%
- Industrials5.1%
- Health Care3.8%
- Utilities1.0%
- Materials0.9%
- Energy0.5%
- Financials0.2%
NAPR 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.
NAPR$11,685
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 | NAPR |
|---|---|
| Year to date | +14.0% |
| 1 month | +1.5% |
| 3 months | +3.2% |
| 1 year | +16.9% |
| 3 years | +13.0% |
| 5 years | +10.2% |
| 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 | +14.0% | |
| 2025 | +6.6% | |
| 2024 | +13.3% | |
| 2023 | +30.6% | |
| 2022 | −12.1% | |
| 2021 | +9.1% | |
| 2020 | +15.9% |
NAPR in the news
NAPR Dividends
No distributions in the last 12 months.
NAPR Risk
- 7.1%
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.
- 1.17
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
0.79%
NAPR0.79%
- The middle half of Nasdaq-100 Buffer 15% funds
- Median 0.79%
7 of the 15 Nasdaq-100 Buffer 15% funds charge less.
Other funds in Nasdaq-100 Buffer 15%
- BQBQFAIM ETF Products Trust - AllianzIM Growth 100 Buffer15 ETFExpense ratio 0.74%1 year return —
- CNOCTInnovator Growth-100 Power Buffer ETFExpense ratio 0.79%1 year return +15.4%
- CNJANInnovator Growth-100 Power Buffer ETFExpense ratio 0.79%1 year return +15.6%
- CNJULInnovator Nasdaq-100 Power Buffer ETF - JulyExpense ratio 0.79%1 year return +12.4%
- CNJUNInnovator ETFs Trust - Innovator Growth-100 Power Buffer ETF - JuneExpense ratio 0.79%1 year return +10.0%