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EAPR vs EOCT

Innovator Emerging Markets Power Buffer ETF - April

EAPRCNYSE Arca

Innovator Emerging Markets Power Buffer ETF

EOCTBNYSE Arca

Overlap

0.2%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

EAPR0.89%EOCT0.89%

Avg volume · 30D

EOCT 1.9×the volume

EAPR7.88KEOCT14.6K

5Y return · a year

EOCT +0.5pt

EAPR+5.4%EOCT+5.9%

EAPR vs EOCT Performance

Oct 29, 2021 – Oct 30, 2026

+30.1%EAPR+33.3%EOCT

Oct 29, 2021 to Oct 30, 2026. EAPR +30.1%. EOCT +33.3%. Use the arrow keys to read each point.−10%0%10%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
EAPR 0.89%
EOCT 0.89%
Fund size
EAPR $93M
EOCT $125M
1Y total return
EAPR +9.7%, better
EOCT +7.4%
Holdings
EAPR 3
EOCT 3
Avg volume (30D)
EAPR 7.88K sh
EOCT 14.6K sh, better
NAV per share
EAPR $32.05
EOCT $33.43
52W range

ETF.net Grade

EAPR: Cost 47, Risk 61, Mission not scored, Tradability 55, Holdings not scored, Durability 77. EOCT: Cost 47, Risk 71, Mission 91, Tradability 76, Holdings not scored, Durability 80.
Pillar letters and Scores for EAPR, EOCT, with each pillar’s weight
PillarEAPREOCT
Cost30% weightC47C47
Mission25% weightNot scoredA91
Risk15% weightB61A71Higher
Tradability15% weightB55A76Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA77A80Higher

Rank among Emerging Markets Buffer funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EAPR and EOCT 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 ›

EOCT ranks 2nd and EAPR 5th of 14 funds in the Emerging Markets Buffer Category.

  1. Rank 1BEBUFInnovator Emerging Markets 10 Buffer ETFScore 62
  2. Rank 2BEJANInnovator Emerging Markets Power Buffer ETF - JanuaryScore 61
  3. Rank 2BEOCTInnovator Emerging Markets Power Buffer ETFScore 61
  4. Rank 4BEJULInnovator Emerging Markets Power Buffer ETFScore 58
  5. Rank 5CEAPRInnovator Emerging Markets Power Buffer ETF - AprilScore 54
  6. Rank 6CTDECFT Vest Emerging Markets Buffer ETF - DecemberScore 44

Our read on each fund

ETF.net Research

EAPRCInnovator Emerging Markets Power Buffer ETF - April

EOCTBInnovator Emerging Markets Power Buffer ETF

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.

EOCT Buffer ETFs mostly babysit the S&P 500. EOCT aims the same machinery at emerging markets: upside in the iShares MSCI EM ETF up to a cap, with the first 15% of a drop absorbed, then a reset every October.

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.

EOCT The fund seeks capped exposure to the iShares MSCI EM ETF while protecting against the first 15% of losses during each approximately annual outcome period. It resets at the end of each period and may be held indefinitely.

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.
  • EOCT Downside buffer where it is rare. Defined-outcome funds cluster around US large caps; this one applies a 15% buffer to emerging market stocks via the iShares MSCI EM ETF.innovatoretfs.com
  • The rules are fixed, not discretionary: 15% of losses absorbed and upside capped over each roughly one-year period, which resets on October 1. No manager judgment calls mid-period.innovatoretfs.com
  • October is one rung of a ladder. Innovator runs the same emerging markets buffer on January, April and July start dates (EJAN, EAPR, EJUL), so entry points can be staggered.innovatoretfs.cominnovatoretfs.com 2
  • At 0.89%, the fee sits right at the middle of the buffer-ETF pack, not at the expensive end.

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.
  • EOCT Protection is rented, not free: the cap is reset each October off option prices at that moment. Emerging market swings can be violent, and the buffer sits before fees.innovatoretfs.com
  • It tracks the reference ETF's price move, so emerging market dividends are not passed through. The fund has not been paying distributions.
  • Small and lightly traded, and buying mid-period means your own buffer and cap differ from the headline numbers. Limit orders and a look at the issuer's daily figures help.innovatoretfs.com

Full EAPR profile⁠

Full EOCT profile⁠

EAPR vs EOCT Holdings

How EAPR and EOCT differ

Overlap by weight

0.2%

Shared holdings make up 0.9% of EOCT and 0.2% of EAPR.

Level by level

  • Holdings1 in both0.2%
  • Countryby domicile99.0%
  • Asset classEquity100%
  • Sector11 Sectors100%

Sector

Sector weights in EAPR and EOCT, widest gap first
SectorMore in EAPRMore in EOCT
TechnologySame weight
FinancialsSame weight
Consumer DiscretionarySame weight
IndustrialsSame weight
CommunicationSame weight
MaterialsSame weight
EnergySame weight
Health CareSame weight
Consumer StaplesSame weight
UtilitiesSame weight
Real EstateSame weight

Country, concentration and asset class

Country by domicile

Country weights in EAPR and EOCT, widest gap first
CountryMore in EAPRMore in EOCT
South KoreaEAPR +1.0 points
Other countries (17)EOCT +1.0 points

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

Concentration

Weight in the 10 largest Holdings

  • EAPR103.4%
  • EOCT108.4%

Securities held

  • EAPR3
  • EOCT3

Asset class

EAPR
Equity
EOCT
Equity

Holdings

  • Only in EAPR2
  • In both1
  • Only in EOCT2

Only in EAPR

2 securities, 100% of EAPR by weight

  • Eem 03/31/2027 0.57 C99.34%
  • Eem 03/31/2027 56.79 P3.83%

Only in EOCT

2 securities, 100% of EOCT by weight

  • Eem 09/30/2027 0.67 C94.68%
  • Eem 09/30/2027 66.79 P12.81%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in EAPR and EOCT, widest gap first
HoldingMore in EAPRMore in EOCT
Us Bank Mmda - Usbgfs 9 09/01/2037EOCT +0.71 points

All 6 EAPR holdings⁠All 6 EOCT 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 EOCT Cost

Same expense ratio

$16,872

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

  • EAPR 0.89%

    $16,872

  • EOCT 0.89%

    $16,872

$10,000
30 years

Cost over time

  • EAPR 0.89%
  • EOCT 0.89%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EAPR $16,872EOCT $16,872

Year by year

YearEAPREOCT
10$1,576$1,576
20$5,953$5,953
30$16,872$16,872

Expense ratio

  • 0.89%EAPR
  • 0.89%EOCT
  • Middle half of Emerging Markets Buffer funds
  • Median 0.89%

EAPR 5th cheapest of 14 funds

EOCT 5th cheapest of 14 funds

EAPR vs EOCT Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
EAPR None
EOCT None

Distribution history

EAPRAll EAPR payments⁠

No distribution history available.

EOCTAll EOCT payments⁠

No distribution history available.

EAPR vs EOCT Risk

Fall from peak · 5 years

  • EAPR
  • EOCT
Oct 29, 2021 to Oct 30, 2026. Worst fall: EOCT −20.1% · Oct 2022. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EAPR 7.7%, betterEOCT 8.5%
Return per unit of riskSharpe ratio, 3 years
EAPR 0.80EOCT 1.18, better
Worst fallMax drawdown, 5 years
EAPR −15.3%, betterEOCT −20.1%
Market sensitivityBeta, 5 years
EAPR 0.37EOCT 0.45

Popular comparisons

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    Expense ratio
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