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Innovator U.S. Equity Buffer ETF - April (BAPR)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US45782C8881
CUSIP
45782C888
Issuer
Innovator
Inception Date
Mar 29, 2019
Region
North America (U.S.)
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

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Innovator U.S. Equity Buffer ETF - April, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Innovator U.S. Equity Buffer ETF - April (BAPR) has returned 2.08% so far this year and 15.33% over the past 12 months.


Innovator U.S. Equity Buffer ETF - April

1D
2.58%
1M
0.99%
YTD
2.08%
6M
4.42%
1Y
15.33%
3Y*
13.43%
5Y*
10.13%
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 1, 2019, BAPR's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, your investment would double in approximately 6.9 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 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, BAPR closed higher 56% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.70%0.38%0.99%2.08%
20252.19%-0.65%-5.60%-0.61%4.19%2.75%1.24%1.28%1.24%0.73%0.64%0.90%8.28%
20241.48%2.40%0.83%-2.67%3.64%2.72%0.77%2.06%1.64%-0.41%4.01%-1.37%15.95%
20234.87%-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%
20210.05%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 1.79%, beta of 0.62, and R² of 0.88 versus S&P 500 Index. Calculated based on daily prices since April 02, 2019.

  • This ETF participated in 58.94% of S&P 500 Index downside but only 58.33% 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
1.79%
Beta
0.62
0.88
Upside Capture
58.33%
Downside Capture
58.94%

Expense Ratio

BAPR has an expense ratio of 0.79%, placing it in the medium range.


Return for Risk

Risk / Return Rank

BAPR ranks 78 for risk / return — better than 78% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


BAPR Risk / Return Rank: 7878
Overall Rank
BAPR Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
BAPR Sortino Ratio Rank: 7676
Sortino Ratio Rank
BAPR Omega Ratio Rank: 9191
Omega Ratio Rank
BAPR Calmar Ratio Rank: 6666
Calmar Ratio Rank
BAPR Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 a chosen benchmark (S&P 500 Index).


BAPRBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.29

0.90

+0.40

Sortino ratio

Return per unit of downside risk

1.99

1.39

+0.60

Omega ratio

Gain probability vs. loss probability

1.40

1.21

+0.19

Calmar ratio

Return relative to maximum drawdown

1.74

1.40

+0.34

Martin ratio

Return relative to average drawdown

11.59

6.61

+4.98

Explore BAPR risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


Innovator U.S. Equity Buffer ETF - April doesn't pay dividends

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.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-23.91%Feb 20, 202022Mar 20, 2020108Aug 24, 2020130
-15.58%Feb 20, 202534Apr 8, 202586Aug 12, 2025120
-15.17%Apr 5, 2022132Oct 12, 2022156May 26, 2023288
-7.85%Jul 25, 201922Aug 23, 201977Dec 12, 201999
-7.04%Aug 1, 202363Oct 27, 202314Nov 16, 202377

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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