---
ticker: "TAPR"
name: "Innovator Equity Defined Protection ETF"
url: "https://etf.net/etf/TAPR"
grade: "D"
score: 30
graded_at: "2026-10-12"
category: "S&P 500 Full Protection"
category_rank: "36 of 39"
methodology: "https://etf.net/methodology"
---

# TAPR: Innovator Equity Defined Protection ETF

Grade **D**, Score 30 of 100. Rank 36 of 39 in S&P 500 Full Protection.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 21 | 23 of 39 |
| Mission | Not scored | — |
| Risk | 41 | 31 of 38 |
| Tradability | 32 | 27 of 39 |
| Holdings | Not scored | — |
| Durability | 47 | 27 of 39 |

## Top holdings

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

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | 4SPY Us 03/31/27 C10.07 Flx | 123.49% |
| 2 | — | 4SPY Us 03/31/27 P559.39 Flx | 0.45% |
| 3 | — | Us Bank Mmda - Usbgfs 9 09/01/2037 | 0.25% |

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