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NAPR vs QMFE

Innovator Nasdaq 100 Power Buffer ETF - April

NAPRCCboe

FT Vest Nasdaq-100 Moderate Buffer ETF - February

QMFEDCboe

Overlap

Expense ratio

NAPR −0.11pt a year

NAPR0.79%QMFE0.90%

Avg volume · 30D

NAPR 1.1×the volume

NAPR5.42KQMFE4.9K

NAPR vs QMFE Performance

Oct 31, 2025 – Oct 30, 2026

+13.5%NAPR+12.2%QMFE

Oct 31, 2025 to Oct 30, 2026. NAPR +13.5%. QMFE +12.2%. Use the arrow keys to read each point.0%2.5%5%7.5%Oct 2025Apr 2026Oct 2026
Expense ratio
NAPR 0.79%, better
QMFE 0.90%
Fund size
NAPR $205M
QMFE $43M
1Y total return
NAPR +13.5%, better
QMFE +12.2%
Holdings
NAPR 3
QMFE 3
Avg volume (30D)
NAPR 5.42K sh, better
QMFE 4.9K sh
NAV per share
NAPR $60.28
QMFE $24.63
52W range

ETF.net Grade

NAPR: Cost 39, Risk 64, Mission not scored, Tradability 58, Holdings not scored, Durability 79. QMFE: Cost 5, Risk 75, Mission not scored, Tradability 53, Holdings not scored, Durability 56.
Pillar letters and Scores for NAPR, QMFE, with each pillar’s weight
PillarNAPRQMFE
Cost30% weightD39HigherF5
Mission25% weightNot scoredNot scored
Risk15% weightB64A75Higher
Tradability15% weightB58HigherC53
Holdings10% weightNot scoredNot scored
Durability5% weightA79HigherB56

Rank among Nasdaq-100 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. NAPR and QMFE are both graded against the same 15 Nasdaq-100 Buffer 15% funds, so their Grades compare head to head.

Nasdaq-100 Buffer 15%⁠

Category · 15 funds
See all 15 ›

NAPR ranks 4th and QMFE 14th of 15 funds in the Nasdaq-100 Buffer 15% Category.

  1. Rank 1BQBQFAllianzIM Growth 100 Buffer15 ETFScore 58
  2. Rank 2CNJANInnovator Growth-100 Power Buffer ETFScore 54
  3. Rank 3CNOCTInnovator Growth-100 Power Buffer ETFScore 53
  4. Rank 4CNAPRInnovator Nasdaq 100 Power Buffer ETF - AprilScore 52
  5. Rank 4CNJULInnovator Nasdaq-100 Power Buffer ETF - JulyScore 52
  6. Rank 8CQQMYCorgi Growth & Technology 15% Structured Buffer ETF - May SeriesScore 40
  7. Rank 14DQMFEFT Vest Nasdaq-100 Moderate Buffer ETF - FebruaryScore 36
  8. Rank 15DQMNVFT Vest Nasdaq-100 Moderate Buffer ETF - NovemberScore 35

Our read on each fund

ETF.net Research

NAPRCInnovator Nasdaq 100 Power Buffer ETF - April

QMFEDFT Vest Nasdaq-100 Moderate Buffer ETF - February

In short

NAPR A one-year seatbelt on the Nasdaq-100. NAPR aims to absorb the first 15% of losses in the Nasdaq-100 ETF it references over each April-to-March stretch, in exchange for a ceiling on gains that is reset every April.

QMFE No data

Stated mandate

NAPR The Fund seeks to track the return of the Invesco QQQ Trust (QQQ), subject to a predetermined upside cap and protection against the first 15% of losses during the outcome period.

QMFE No data

Why people hold it

  • NAPR Deep cushion by design: the structure targets the first 15 percentage points of reference-ETF losses over the outcome period, so you take the hit only past that line.innovatoretfs.com
  • It rolls instead of expiring. Every April 1 the buffer resets and a fresh cap is struck for the next twelve months, so the position keeps running without you rebuilding it.innovatoretfs.com
  • Running since 2020, this April vintage has several completed outcome periods behind it, back when defined-outcome funds were still a curiosity rather than a shelf.
  • The 0.79% fee sits right at the median for Nasdaq-100 buffer funds, and the overall build lands in the upper half of that peer group.

QMFE No data

Worth knowing

  • NAPR The cushion is paid for with a ceiling. Upside is capped at a level struck each April, so a blistering Nasdaq year above that cap is return you watch rather than collect.innovatoretfs.com
  • Terms are built for the full April-to-March period. Buy mid-period and your personal cushion and ceiling differ from the headline numbers, sometimes a lot.innovatoretfs.com
  • Mid-pack on cost, not cheap: PBQQ runs 0.50% and the Calamos Nasdaq-100 series 0.69%. Shares also trade thinly, which can widen the spread at the point of entry.

QMFE No data

Full NAPR profile⁠

Full QMFE profile⁠

NAPR vs QMFE 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.

NAPR vs QMFE Cost

Overpaying QMFE vs NAPR

$1,866

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

  • NAPR 0.79%

    $15,174

  • QMFE 0.90%

    $17,040

$10,000
30 years

Cost over time

  • NAPR 0.79%
  • QMFE 0.90%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QMFE $17,040NAPR $15,174

Year by year

YearNAPRQMFEOverpaying
10$1,405$1,593$188
20$5,331$6,015$684
30$15,174$17,040$1,866

Expense ratio

  • 0.79%NAPR, cheaper
  • 0.90%QMFE
  • Middle half of Nasdaq-100 Buffer 15% funds
  • Median 0.79%

NAPR 8th cheapest of 15 funds

QMFE 13th cheapest of 15 funds

NAPR vs QMFE Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
NAPR None
QMFE None

Distribution history

NAPRAll NAPR payments⁠

No distribution history available.

QMFEAll QMFE payments⁠

No distribution history available.

NAPR vs QMFE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NAPR 7.2%QMFE 8.1%since Mar 2025
Return per unit of riskSharpe ratio, 3 years
NAPR 1.13QMFE 1.21since Mar 2025
Worst fallMax drawdown, 5 years
NAPR −16.5%QMFE −11.8%since Feb 2025
Market sensitivityBeta, 5 years
NAPR 0.48QMFE 0.59

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