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IAPR vs QBIF

Innovator Intl Developed Power Buffer ETF

IAPRCNYSE Arca

AllianzIM International Equity Buffer15 ETF

QBIFBCboe

Overlap

0.0%by weight

Expense ratio

QBIF −0.11pt a year

IAPR0.85%QBIF0.74%

Avg volume · 30D

IAPR 2.8×the volume

IAPR8.16KQBIF2.9K

IAPR vs QBIF Performance

Jul 31, 2026 – Oct 30, 2026

−0.9%IAPR−1.2%QBIF

Jul 31, 2026 to Oct 30, 2026. IAPR −0.9%. QBIF −1.2%. Use the arrow keys to read each point.0%1%2%Jul 2026Sep 2026Oct 2026
Expense ratio
IAPR 0.85%
QBIF 0.74%, better
Fund size
IAPR $190M
QBIF $9M
1Y total return
IAPR +10.3%
QBIF No data
Holdings
IAPR 3
QBIF 3
Avg volume (30D)
IAPR 8.16K sh, better
QBIF 2.9K sh
NAV per share
IAPR $33.32
QBIF $26.00
52W range

ETF.net Grade

IAPR: Cost 38, Risk 62, Mission not scored, Tradability 62, Holdings not scored, Durability 85. QBIF: Cost 78, Risk 76, Mission not scored, Tradability 35, Holdings 55, Durability 26.
Pillar letters and Scores for IAPR, QBIF, with each pillar’s weight
PillarIAPRQBIF
Cost30% weightD38A78Higher
Mission25% weightNot scoredNot scored
Risk15% weightB62A76Higher
Tradability15% weightB62HigherD35
Holdings10% weightNot scoredB55
Durability5% weightA85HigherD26

Rank among Developed International Buffer 15% funds

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

Same Category. IAPR and QBIF are both graded against the same 26 Developed International Buffer 15% funds, so their Grades compare head to head.

Developed International Buffer 15%⁠

Category · 26 funds
See all 26 ›

QBIF ranks 2nd and IAPR 10th of 26 funds in the Developed International Buffer 15% Category.

  1. Rank 1BBUFIAB International Buffer ETFScore 65
  2. Rank 2BQBIFAllianzIM International Equity Buffer15 ETFScore 63
  3. Rank 3BIAUGInnovator Intl Developed Power Buffer ETFScore 58
  4. Rank 7CQBIVAllianzIM International Equity Buffer5 ETFScore 53
  5. Rank 10CIAPRInnovator Intl Developed Power Buffer ETFScore 52
  6. Rank 10CIJANInnovator International Developed Power Buffer ETF - JanuaryScore 52

Our read on each fund

ETF.net Research

IAPRCInnovator Intl Developed Power Buffer ETF

QBIFBAllianzIM International Equity Buffer15 ETF

In short

IAPR Buffer ETFs are overwhelmingly an S&P 500 game. IAPR runs the same playbook on developed international stocks: EAFE-linked upside to a preset cap, the first 15% of losses absorbed, and a fresh reset every April.

QBIF No data

Stated mandate

IAPR The Fund seeks to track the performance of the iShares MSCI EAFE ETF over an approximately one-year outcome period, subject to a capped upside and protection against the first 15% of losses.

QBIF No data

Why people hold it

  • IAPR Buffer mechanics aimed at developed international stocks, not the S&P 500: FLEX options on the iShares MSCI EAFE ETF, absorbing the first 15% of losses each outcome period.innovatoretfs.com
  • Built to be held indefinitely. The cap and buffer reset at the start of each April outcome period, so there is no forced roll into a different product every year.innovatoretfs.com
  • 0.85% a year, dead on the median for its buffer peer group. Defined-outcome funds cost more than plain index trackers, and this one sits at the middle of that shelf, not the pricey end.
  • A standard 1940 Act ETF, with the FLEX options settled through the Options Clearing Corporation rather than resting on one bank's balance sheet the way a structured note does.innovatoretfs.com

QBIF No data

Worth knowing

  • IAPR The 15% buffer and the cap are measured from the first day of the outcome period. Buy mid-period and you inherit whatever cushion and upside remain, not the headline terms.innovatoretfs.com
  • Upside stops at the cap, and the fund owns options rather than the underlying shares, so overseas dividends do not reach you as income.innovatoretfs.com
  • Trades thinly next to the biggest buffer funds, so the bid-ask spread is a larger slice of what it costs to get in and back out.

QBIF No data

Full IAPR profile⁠

Full QBIF profile⁠

IAPR vs QBIF Holdings

How IAPR and QBIF differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of IAPR and 0.0% of QBIF.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%
  • Sector11 Sectors100%

Sector

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

Country, concentration and asset class

Country by domicile

Country weights in IAPR and QBIF, widest gap first
CountryMore in IAPRMore in QBIF
JapanSame weight
United KingdomSame weight
SwitzerlandSame weight
GermanySame weight
FranceSame weight
AustraliaSame weight
NetherlandsSame weight
SpainSame weight
Other countries (17)Same weight

Outside the US: IAPR 99% developed, 1% emerging. QBIF 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

  • IAPR101.4%
  • QBIF101.7%

Securities held

  • IAPR3
  • QBIF2

Asset class

IAPR
Equity
QBIF
Equity

Holdings

  • Only in IAPR3
  • In both0
  • Only in QBIF2

Only in IAPR

3 securities, 100% of IAPR by weight

  • Efa 03/31/2027 0.97 C99.14%
  • Efa 03/31/2027 97.13 P2.01%
  • Us Bank Mmda - Usbgfs 9 09/01/20370.22%

Only in QBIF

2 securities, 100% of QBIF by weight

  • Efa 12/31/2026 0.78 C98.87%
  • Efa 12/31/2026 103.88 P2.30%

Weight gaps

IAPR and QBIF share no securities.

All 6 IAPR holdings⁠All 5 QBIF 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.

IAPR vs QBIF Cost

Overpaying IAPR vs QBIF

$1,892

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

  • IAPR 0.85%

    $16,199

  • QBIF 0.74%

    $14,307

$10,000
30 years

Cost over time

  • IAPR 0.85%
  • QBIF 0.74%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530IAPR $16,199QBIF $14,307

Year by year

YearIAPRQBIFOverpaying
10$1,508$1,319$189
20$5,706$5,015$691
30$16,199$14,307$1,892

Expense ratio

  • 0.85%IAPR
  • 0.74%QBIF, cheaper
  • Middle half of Developed International Buffer 15% funds
  • Median 0.85%

QBIF 6th cheapest of 26 funds

IAPR 11th cheapest of 26 funds

IAPR vs QBIF Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
IAPR None
QBIF None

Distribution history

IAPRAll IAPR payments⁠

No distribution history available.

QBIFAll QBIF payments⁠

No distribution history available.

IAPR vs QBIF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IAPR 6.3%QBIF No data
Return per unit of riskSharpe ratio, 3 years
IAPR 1.11QBIF No data
Worst fallMax drawdown, 5 years
IAPR −17.7%QBIF No data
Market sensitivityBeta, 5 years
IAPR 0.33QBIF 0.03

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