INOV vs QBIF

INOVCInnovator Intl Developed Power Buffer ETF

QBIFBAllianzIM International Equity Buffer15 ETF

In short

INOV Most buffer ETFs hedge the S&P 500. This one hedges the rest of the developed world: it targets the return of the iShares MSCI EAFE ETF with the first 15% of losses absorbed, in exchange for a cap reset every November.

QBIF —No data

Stated mandate

INOV The Fund seeks to match the return of the iShares MSCI EAFE ETF, subject to a predetermined upside cap, while protecting the first 15% of losses during the outcome period.

QBIF —No data

Why people hold it

• INOV Rare bird in the buffer aisle: the reference asset is the iShares MSCI EAFE ETF, so the defined-outcome machinery is pointed at Europe, Japan and Australia rather than US large caps.innovatoretfs.com
• The 15% downside buffer is written into the fund's own terms, not a manager's judgment call. Same rule every outcome period, whatever the market mood.
• November is this fund's slot in a 12-month ladder (IJAN through IDEC all run the same EAFE playbook), so entry dates can be staggered instead of hinging on one reset.
• At 0.85% a year, the fee lands right at the median for its buffered peer group. No surcharge for the international plumbing.

QBIF —No data

Worth knowing

• INOV Upside is capped, and the cap is reset each November 1 for the following 12 months. Buying mid-period means taking whatever cap and remaining buffer exist that day, not the headline terms.
• Past the first 15%, losses pass straight through. The buffer is a cushion measured over the full outcome period, not a floor you can count on day to day.
• Small and thinly traded next to its siblings, so spreads and limit orders matter. Income isn't part of the design either; this structure has not been paying distributions.

QBIF —No data

Full INOV profile⁠

Full QBIF profile⁠