IFEB vs QBIF: Grades, Fees and Holdings Compared

Innovator Intl Developed Power Buffer ETF

IFEBCNYSE Arca

AllianzIM International Equity Buffer15 ETF

QBIFBCboe

Overlap

0.0%by weight

Expense ratio

QBIF −0.11pt a year

IFEB0.85%QBIF0.74%

Avg volume · 30D

IFEB 2.7×the volume

IFEB7.72KQBIF2.9K

IFEB vs QBIF Performance

Jul 31, 2026 – Nov 2, 2026

−1.1%IFEB−0.9%QBIF

Expense ratio: IFEB 0.85%; QBIF 0.74%, better
Fund size: IFEB $56M; QBIF $9M
1Y total return: IFEB +5.9%; QBIF No data
Holdings: IFEB 3; QBIF 3
Avg volume (30D): IFEB 7.72K sh, better; QBIF 2.9K sh
NAV per share: IFEB $31.27; QBIF $25.95
52W range

ETF.net Grade

Pillar letters and Scores for IFEB, QBIF, with each pillar’s weight
Pillar	IFEB	QBIF
Cost30% weight	D38	A78Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	D38	A76Higher
Tradability15% weight	B68Higher	D35
Holdings10% weight	Not scored	B55
Durability5% weight	B63Higher	D26

Rank among Developed International Buffer 15% funds

How we build Categories ›

Same Category. IFEB 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 IFEB 13th of 26 funds in the Developed International Buffer 15% Category.

Rank 1BBUFIAB International Buffer ETFScore 65
Rank 2BQBIFAllianzIM International Equity Buffer15 ETFScore 63
Rank 3BIAUGInnovator Intl Developed Power Buffer ETFScore 58
Rank 12CINOVInnovator Intl Developed Power Buffer ETFScore 49
Rank 13CIFEBInnovator Intl Developed Power Buffer ETFScore 46
Rank 13CIMAYInnovator International Developed Power Buffer ETF - MayScore 46

Our read on each fund

ETF.net Research

IFEBCInnovator Intl Developed Power Buffer ETF

QBIFBAllianzIM International Equity Buffer15 ETF

In short

IFEB Buffer ETFs are mostly an S&P 500 game. IFEB points the same machinery overseas: FLEX options on developed-market stocks outside the US and Canada, absorbing the first 15% of a year's losses in exchange for a cap. Resets every February 1.

QBIF No data

Stated mandate

IFEB The fund seeks to track the return of the iShares MSCI EAFE ETF, subject to a predetermined cap, while protecting against the first 15% of losses during the outcome period.

QBIF No data

Why people hold it

IFEB Most defined-outcome ETFs track US large caps. This one aims the same FLEX-options machinery at developed markets outside the US and Canada.sec.gov
Fifteen points is the deep end of the buffer menu: the first 15% of the reference ETF's price decline over an outcome period is absorbed before losses reach shareholders.sec.gov
Not a one-date bet. Innovator runs the same EAFE strategy on other reset months (IJAN, IMAR, IAPR), so an investor can pick a month or spread across several.
The 0.85% fee sits right at the median for international buffer funds.

QBIF No data

Worth knowing

IFEB The cap is what pays for the buffer. A fresh one is set at the start of each February period, so the ceiling on upside is different every year.sec.gov
The terms are built for a full Feb 1 to Jan 31 hold. Buy mid-period and the effective buffer and upside differ from the stated ones.sec.gov
Price return only: the fund holds options on the EAFE ETF and does not receive its dividends. It also trades thinly and costs more than some rivals (BUFI, QBIF).sec.gov

QBIF No data

Full IFEB profile⁠

Full QBIF profile⁠

IFEB vs QBIF Holdings

How IFEB and QBIF differ

Overlap by weight

0.0%

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

Level by level

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

Sector

Sector weights in IFEB and QBIF, widest gap first
Sector	More in IFEBMore in QBIF	IFEB	QBIF
Financials	Same weight	26.1%	26.1%
Industrials	Same weight	18.7%	18.7%
Technology	Same weight	12.0%	12.0%
Health Care	Same weight	10.1%	10.1%
Consumer Discretionary	Same weight	7.1%	7.1%
Consumer Staples	Same weight	6.4%	6.4%
Materials	Same weight	5.8%	5.8%
Communication	Same weight	4.7%	4.7%
Energy	Same weight	4.0%	4.0%
Utilities	Same weight	3.6%	3.6%
Real Estate	Same weight	1.5%	1.5%

Country, concentration and asset class

Country by domicile

Country weights in IFEB and QBIF, widest gap first
Country	More in IFEBMore in QBIF	IFEB	QBIF
Japan	Same weight	24.3%	24.3%
United Kingdom	Same weight	14.1%	14.1%
Switzerland	Same weight	10.2%	10.2%
Germany	Same weight	8.8%	8.8%
France	Same weight	8.3%	8.3%
Australia	Same weight	6.7%	6.7%
Netherlands	Same weight	6.0%	6.0%
Spain	Same weight	3.7%	3.7%
Other countries (17)	Same weight	18.0%	18.0%

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

Concentration

Weight in the 10 largest Holdings

IFEB100.7%
QBIF101.4%

Securities held

IFEB3
QBIF2

Asset class

IFEB: Equity
QBIF: Equity

Holdings

Only in IFEB3
In both0
Only in QBIF2

Only in IFEB

3 securities, 100% of IFEB by weight

Efa 01/29/2027 1.01 C98.23%
Efa 01/29/2027 100.74 P2.10%
Us Bank Mmda - Usbgfs 9 09/01/20370.33%

Only in QBIF

2 securities, 100% of QBIF by weight

Efa 12/31/2026 0.78 C98.11%
Efa 12/31/2026 103.88 P2.74%

Weight gaps

IFEB and QBIF share no securities.

All 6 IFEB 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.

IFEB vs QBIF Cost

Overpaying IFEB vs QBIF

$1,892

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

IFEB 0.85%
$16,199
QBIF 0.74%
$14,307

Amount$10,000

Years30 years

Cost over time

IFEB 0.85%
QBIF 0.74%
Overpaying

Year by year

Year	IFEB	QBIF	Overpaying
10	$1,508	$1,319	$189
20	$5,706	$5,015	$691
30	$16,199	$14,307	$1,892

Expense ratio

0.85%IFEB
0.74%QBIF, cheaper

QBIF0.74%IFEB0.85%

0.30%0.90%

Middle half of Developed International Buffer 15% funds
Median 0.85%

QBIF 6th cheapest of 26 funds

IFEB 11th cheapest of 26 funds

IFEB vs QBIF Dividends

Last 12 months to Nov 2, 2026

Payout (12M): IFEB None; QBIF None

Distribution history

IFEBAll IFEB payments⁠

No distribution history available.

QBIFAll QBIF payments⁠

No distribution history available.

IFEB vs QBIF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IFEB 7.0%since Mar 2024QBIF No data
Return per unit of riskSharpe ratio, 3 years: IFEB 0.51since Mar 2024QBIF No data
Worst fallMax drawdown, 5 years: IFEB −8.8%since Feb 2024QBIF No data
Market sensitivityBeta, 5 years: IFEB 0.32QBIF 0.03; Market = 1

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