- ISIN
- US45782C8881
- CUSIP
- 45782C888
- Issuer
- Innovator
- Inception Date
- Mar 29, 2019
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- Cboe S&P 500 Buffer Protect Index April
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $404M
Share Price Chart
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Performance
BAPR Performance Chart
Innovator U.S. Equity Buffer ETF - April (BAPR) is up 10.8% since the beginning of the year. BAPR is currently trading at $53 per share. Investors who bought $1,000 worth of BAPR shares 5 years ago would now be looking at an investment worth $1,687.
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Returns By Period
Innovator U.S. Equity Buffer ETF - April (BAPR) has returned 10.78% so far this year and 19.95% over the past 12 months.
Innovator U.S. Equity Buffer ETF - April
- 1D
- -0.05%
- 1M
- 0.61%
- YTD
- 10.78%
- 6M
- 10.81%
- 1Y
- 19.95%
- 3Y*
- 14.74%
- 5Y*
- 11.03%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BAPR Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 2019, BAPR's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 70% of months were positive and 30% were negative. The best month was Nov 2023 with a return of +7.3%, while the worst month was Feb 2020 at -6.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BAPR closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +7.1%, while the worst single day was Mar 16, 2020 at -8.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.70% | 0.38% | 0.99% | 6.34% | 2.21% | -0.16% | 10.78% | ||||||
| 2025 | 2.19% | -0.65% | -5.60% | -0.61% | 4.19% | 2.75% | 1.24% | 1.28% | 1.24% | 0.73% | 0.64% | 0.90% | 8.28% |
| 2024 | 1.48% | 2.40% | 0.83% | -2.67% | 3.64% | 2.72% | 0.77% | 2.06% | 1.64% | -0.41% | 4.01% | -1.37% | 15.95% |
| 2023 | 4.87% | -0.74% | 3.90% | 1.07% | 0.47% | 5.02% | 1.92% | -0.64% | -3.52% | -1.60% | 7.27% | 3.52% | 23.16% |
| 2022 | -1.23% | -1.30% | 4.24% | -6.52% | 0.39% | -6.02% | 6.80% | -2.77% | -6.42% | 5.78% | 3.91% | -2.88% | -7.04% |
| 2021 | 0.05% | 0.84% | 0.45% | 3.05% | 0.86% | 1.45% | 0.95% | 1.37% | -1.92% | 3.29% | -0.70% | 2.33% | 12.58% |
Benchmark Metrics
Innovator U.S. Equity Buffer ETF - April has an annualized alpha of 1.61%, beta of 0.62, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since April 01, 2019.
- This ETF participated in 58.35% of S&P 500 Index downside but only 57.15% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.62 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.61%
- Beta
- 0.62
- R²
- 0.88
- Upside Capture
- 57.15%
- Downside Capture
- 58.35%
Expense Ratio
BAPR has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BAPR ranks 96 for risk / return — in the top 96% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - April (BAPR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BAPR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.37 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 10.37 | 2.78 | +7.58 |
| Martin ratioReturn relative to average drawdown | 51.30 | 12.44 | +38.87 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator U.S. Equity Buffer ETF - April. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator U.S. Equity Buffer ETF - April was 23.91%, occurring on Mar 20, 2020. Recovery took 108 trading sessions.
The current Innovator U.S. Equity Buffer ETF - April drawdown is 0.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -23.91%Mar 2020 | 29d | 5mo 7d | 6mo 6dFeb 2020 - Aug 2020 |
2025 selloff2025 | -15.58%Apr 2025 | 1mo 17d | 4mo 6d | 5mo 23dFeb 2025 - Aug 2025 |
Bear market2022 | -15.17%Oct 2022 | 6mo 10d | 7mo 16d | 1y 1moApr 2022 - May 2023 |
2019 pullback2019 | -7.85%Aug 2019 | 29d | 3mo 21d | 4mo 20dJul 2019 - Dec 2019 |
2023 pullback2023 | -7.04%Oct 2023 | 2mo 27d | 21d | 3mo 18dAug 2023 - Nov 2023 |
Drawdown Indicators
| BAPR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.91% | -56.78% | +32.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -9.10% | +7.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -18.90% | +3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -15.58% | -25.43% | +9.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.26% | -1.80% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -10.71% | +8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 2.03% | -1.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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