EAPR vs EMAU: Grades, Fees and Holdings Compared

Innovator Emerging Markets Power Buffer ETF - April

EAPRCNYSE Arca

Corgi Emerging Markets Equities 15% Structured Buffer ETF - August Series

EMAUCCboe

Overlap

0.0%by weight

Expense ratio

EMAU −0.59pt a year

EAPR0.89%EMAU0.30%

Avg volume · 30D

EAPR 25.2×the volume

EAPR7.88KEMAU313

EAPR vs EMAU Performance

Oct 2, 2026 – Nov 2, 2026

−5.1%EAPR−6.2%EMAU

Expense ratio: EAPR 0.89%; EMAU 0.30%, better
Fund size: EAPR $93M; EMAU $1M
1Y total return: EAPR +9.9%; EMAU No data
Holdings: EAPR 3; EMAU 4
Avg volume (30D): EAPR 7.88K sh, better; EMAU 313 sh
NAV per share: EAPR $32.05; EMAU $24.10
52W range

ETF.net Grade

Pillar letters and Scores for EAPR, EMAU, with each pillar’s weight
Pillar	EAPR	EMAU
Cost30% weight	C47	A90Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B62Higher	D36
Tradability15% weight	B55Higher	F7
Holdings10% weight	Not scored	Not scored
Durability5% weight	A77Higher	F5

Rank among Emerging Markets Buffer funds

How we build Categories ›

Same Category. EAPR and EMAU are both graded against the same 14 Emerging Markets Buffer funds, so their Grades compare head to head.

Emerging Markets Buffer⁠

Category · 14 funds

See all 14 ›

EAPR ranks 5th and EMAU 9th of 14 funds in the Emerging Markets Buffer Category.

Rank 4BEJULInnovator Emerging Markets Power Buffer ETFScore 58
Rank 5CEAPRInnovator Emerging Markets Power Buffer ETF - AprilScore 54
Rank 6CTDECFT Vest Emerging Markets Buffer ETF - DecemberScore 44
Rank 7CTMARFT Vest Emerging Markets Buffer ETF - MarchScore 43
Rank 9CEMAUCorgi Emerging Markets Equities 15% Structured Buffer ETF - August SeriesScore 40
Rank 9CEMJLCorgi Emerging Markets Equities 15% Structured Buffer ETF - July SeriesScore 40

Our read on each fund

ETF.net Research

EAPRCInnovator Emerging Markets Power Buffer ETF - April

EMAUCCorgi Emerging Markets Equities 15% Structured Buffer ETF - August Series

In short

EAPR Buffers are almost always an S&P 500 story. EAPR aims the same machinery at emerging markets: the first 15% of the reference ETF's losses absorbed over a one-year outcome period, with upside capped in exchange.

EMAU No data

Stated mandate

EAPR The fund seeks capped participation in the return of the iShares MSCI EM ETF while protecting against the first 15% of losses during the outcome period.

EMAU No data

Why people hold it

EAPR The rare emerging markets buffer. Standard defined-outcome machinery pointed at the iShares MSCI EM ETF (EEM), absorbing the first 15% of its losses over each outcome period.innovatoretfs.com
Terms are known up front. The period runs April 1 to March 31, the cap is struck at the start, and the whole thing resets on the next April roll.
Fee sits at the buffer cohort median (0.89%), so the harder-to-hedge emerging markets version carries no surcharge against the group.
A sibling October series (EOCT) runs the same reference, so start dates can be staggered instead of hinging on a single April entry.

EMAU No data

Worth knowing

EAPR The buffer and the cap are one package for the full period. Enter mid-period and you inherit that day's remaining buffer and upside room, not the headline terms.
The cap is what pays for the protection: in a roaring EM year, anything above it stays with the market.
Thinly traded next to the big S&P 500 buffer funds, so spreads and limit orders deserve attention.

EMAU No data

Full EAPR profile⁠

Full EMAU profile⁠

EAPR vs EMAU Holdings

How EAPR and EMAU differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of EAPR and 0.0% of EMAU.

Level by level

Holdings0 in both0.0%
Sector11 Sectors97.3%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in EAPR and EMAU, widest gap first
Sector	More in EAPRMore in EMAU	EAPR	EMAU
Technology	EAPR +2.6 points	44.2%	41.6%
Financials	EMAU +1.2 points	19.2%	20.4%
Energy	EMAU +0.4 points	3.5%	3.9%
Consumer Discretionary	EMAU +0.3 points	7.5%	7.8%
Consumer Staples	EMAU +0.3 points	2.4%	2.7%
Utilities	EMAU +0.2 points	1.8%	2.0%
Communication	EMAU +0.1 points	5.9%	6.0%
Materials	EMAU +0.1 points	5.7%	5.8%
Health Care	EMAU +0.1 points	2.8%	2.9%
Industrials	EAPR +0.1 points	6.0%	5.9%
Real Estate	EMAU +0.1 points	0.9%	1.0%

Country, concentration and asset class

Country by domicile

Country weights in EAPR and EMAU, widest gap first
Country	More in EAPRMore in EMAU	EAPR	EMAU
South Korea	EAPR +1.0 points	21.2%	20.2%
Other countries (17)	EMAU +1.0 points	78.8%	79.8%

Outside the US: EAPR 1% developed, 99% emerging. EMAU 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

EAPR103.4%
EMAU104.9%

Securities held

EAPR3
EMAU3

Asset class

EAPR: Equity
EMAU: Equity

Holdings

Only in EAPR3
In both0
Only in EMAU3

Only in EAPR

3 securities, 100% of EAPR by weight

Eem 03/31/2027 0.57 C99.34%
Eem 03/31/2027 56.79 P3.83%
Us Bank Mmda - Usbgfs 9 09/01/20370.22%

Only in EMAU

3 securities, 100% of EMAU by weight

Eem 07/30/2027 12.86 C76.73%
United States Treasury Note/Bond 2.75% 07/31/202715.27%
Eem 07/30/2027 64.32 P10.46%

Weight gaps

EAPR and EMAU share no securities.

All 6 EAPR holdings⁠All EMAU holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EAPR vs EMAU Cost

Overpaying EAPR vs EMAU

$10,723

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EAPR 0.89%
$16,872
EMAU 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

EAPR 0.89%
EMAU 0.30%
Overpaying

Year by year

Year	EAPR	EMAU	Overpaying
10	$1,576	$545	$1,031
20	$5,953	$2,113	$3,840
30	$16,872	$6,149	$10,723

Expense ratio

0.89%EAPR
0.30%EMAU, cheaper

EMAU0.30%EAPR0.89%

0.30%1.44%

Middle half of Emerging Markets Buffer funds
Median 0.89%

EMAU cheapest of 14 funds

EAPR 5th cheapest of 14 funds

EAPR vs EMAU Dividends

Last 12 months to Nov 2, 2026

Payout (12M): EAPR None; EMAU None

Distribution history

EAPRAll EAPR payments⁠

No distribution history available.

EMAUAll EMAU payments⁠

No distribution history available.

EAPR vs EMAU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EAPR 7.7%EMAU No data
Return per unit of riskSharpe ratio, 3 years: EAPR 0.80EMAU No data
Worst fallMax drawdown, 5 years: EAPR −15.3%EMAU No data
Market sensitivityBeta, 5 years: EAPR 0.37EMAU 0.00; Market = 1

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