- Issuer
- Innovator
- Inception Date
- Mar 31, 2021
- Region
- Developed Markets (EAFE)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI EAFE
- Distribution Policy
- Accumulating
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $199M
Highlights
- Avg. Volume (1M)
- 7K
- Avg. Volume Value (1M)
- $218.29K
Share Price Chart
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Performance
IAPR Performance Chart
Innovator International Developed Power Buffer ETF - April (IAPR) is up 9.1% since the beginning of the year. IAPR is currently trading at $34 per share. Investors who bought $1,000 worth of IAPR shares 5 years ago would now be looking at an investment worth $1,309.
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Returns By Period
Innovator International Developed Power Buffer ETF - April (IAPR) has returned 9.09% so far this year and 16.05% over the past 12 months.
Innovator International Developed Power Buffer ETF - April
- 1D
- -0.18%
- 1M
- 0.99%
- 6M
- 7.63%
- YTD
- 9.09%
- 1Y
- 16.05%
- 3Y*
- 10.26%
- 5Y*
- 5.54%
- 10Y*
- —
- ALL TIME*
- 5.66%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
IAPR Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 2021, IAPR's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2022 with a return of +6.0%, while the worst month was Sep 2022 at -5.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, IAPR closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +4.1%, while the worst single day was Apr 4, 2025 at -3.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.36% | 0.61% | 0.70% | 3.24% | 1.26% | 0.31% | 1.31% | 9.09% | |||||
| 2025 | 1.84% | 1.73% | -0.43% | 2.06% | 2.75% | 1.25% | -0.69% | 2.44% | 1.09% | 0.47% | 0.60% | 1.47% | 15.51% |
| 2024 | -0.61% | 2.49% | 3.62% | -2.32% | 3.20% | -1.24% | 1.78% | 2.54% | 0.70% | -4.03% | -0.55% | -1.56% | 3.76% |
| 2023 | 2.89% | -0.88% | 0.57% | 1.15% | -2.30% | 2.89% | 1.44% | -2.45% | -2.09% | -1.39% | 4.33% | 3.58% | 7.67% |
| 2022 | -2.30% | -1.94% | -0.33% | -3.93% | 1.06% | -4.96% | 3.25% | -2.68% | -5.55% | 4.06% | 6.02% | 0.13% | -7.61% |
| 2021 | 1.04% | 1.52% | -0.40% | 0.24% | 0.78% | -1.36% | 1.70% | -2.75% | 2.39% | 3.09% |
Benchmark Metrics
Innovator International Developed Power Buffer ETF - April has an annualized alpha of 0.69%, beta of 0.39, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since April 01, 2021.
- This ETF participated in 43.01% of S&P 500 Index downside but only 35.97% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.39 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
- 0.69%
- Beta
- 0.39
- R²
- 0.56
- Upside Capture
- 35.97%
- Downside Capture
- 43.01%
Expense Ratio
IAPR has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IAPR ranks 93 for risk / return — above 93% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - April (IAPR) 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.
| IAPR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.25 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.21 | 2.00 | +4.21 |
| Martin ratioReturn relative to average drawdown | 24.32 | 8.49 | +15.83 |
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 International Developed Power 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 International Developed Power Buffer ETF - April was 17.73%, occurring on Sep 27, 2022. Recovery took 352 trading sessions.
The current Innovator International Developed Power Buffer ETF - April drawdown is 0.18%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-17.73%Sep 2022 | 10mo 22d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 | Bear market2022 |
-9.46%Apr 2025 | 19d | 1mo 11d | 2moMar 2025 - May 2025 | 2025 selloff2025 |
-6.63%Jan 2025 | 3mo 18d | 2mo 4d | 5mo 22dSep 2024 - Mar 2025 | — |
-4.61%Aug 2024 | 21d | 14d | 1mo 5dJul 2024 - Aug 2024 | — |
-3.46%Apr 2024 | 22d | 25d | 1mo 17dMar 2024 - May 2024 | — |
Drawdown Indicators
| IAPR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.73% | -56.78% | +39.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -9.10% | +6.54% |
Max Drawdown (3Y)Largest decline over 3 years | -9.46% | -18.90% | +9.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | -25.43% | +7.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.58% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -10.70% | +6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 2.14% | -1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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