---
ticker: "PAPR"
name: "Innovator U.S. Equity Power Buffer ETF"
url: "https://etf.net/etf/PAPR"
grade: "C"
score: 48
graded_at: "2026-10-12"
category: "S&P 500 Buffer 15%"
category_rank: "22 of 61"
methodology: "https://etf.net/methodology"
---

# PAPR: Innovator U.S. Equity Power Buffer ETF

Grade **C**, Score 48 of 100. Rank 22 of 61 in S&P 500 Buffer 15%.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 35 | 34 of 61 |
| Mission | Not scored | — |
| Risk | 57 | 17 of 57 |
| Tradability | 55 | 30 of 59 |
| Holdings | Not scored | — |
| Durability | 85 | 5 of 61 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Spy 03/31/2027 6.5 C | 108.51% |
| 2 | — | Spy 03/31/2027 650.34 P | 0.87% |
| 3 | — | Us Bank Mmda - Usbgfs 9 09/01/2037 | 0.29% |

Source: etf.net, https://etf.net/etf/PAPR. Please cite the page URL.