- Issuer
- Innovator
- Inception Date
- Mar 31, 2020
- Region
- North America (U.S.)
- Category
- Nasdaq-100, Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ-100 Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $212M
Share Price Chart
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Performance
NAPR Performance Chart
Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) is up 9.8% since the beginning of the year. NAPR is currently trading at $59 per share. Investors who bought $1,000 worth of NAPR shares 5 years ago would now be looking at an investment worth $1,597.
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Returns By Period
Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) has returned 9.77% so far this year and 17.08% over the past 12 months.
Innovator Nasdaq-100 Power Buffer ETF - April
- 1D
- 0.20%
- 1M
- 0.24%
- YTD
- 9.77%
- 6M
- 10.31%
- 1Y
- 17.08%
- 3Y*
- 12.52%
- 5Y*
- 9.81%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
NAPR Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 2020, NAPR'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, 77% of months were positive and 23% were negative. The best month was Jan 2023 with a return of +7.8%, while the worst month was Apr 2022 at -7.8%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NAPR closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +6.4%, while the worst single day was Apr 4, 2025 at -3.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.64% | 0.40% | 0.66% | 6.23% | 2.35% | -0.74% | 9.77% | ||||||
| 2025 | 1.61% | -0.56% | -6.32% | 0.46% | 3.88% | 2.47% | 1.11% | 0.95% | 1.12% | 0.76% | 0.57% | 0.66% | 6.56% |
| 2024 | 0.86% | 0.87% | 0.56% | -2.07% | 3.75% | 3.02% | -0.51% | 1.22% | 1.40% | 0.14% | 3.03% | 0.42% | 13.29% |
| 2023 | 7.84% | 0.70% | 5.27% | 0.51% | 3.55% | 2.86% | 1.59% | 0.10% | -1.35% | -0.34% | 4.95% | 1.70% | 30.60% |
| 2022 | -1.23% | -1.11% | 3.57% | -7.83% | -0.38% | -5.30% | 7.48% | -2.64% | -6.09% | 2.97% | 3.91% | -4.99% | -12.13% |
| 2021 | 0.17% | 0.19% | 0.49% | 1.86% | 0.30% | 1.94% | 0.77% | 1.25% | -1.09% | 1.90% | 0.14% | 0.86% | 9.09% |
Benchmark Metrics
Innovator Nasdaq-100 Power Buffer ETF - April has an annualized alpha of 1.39%, beta of 0.51, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since April 01, 2020.
- This ETF participated in 46.05% of S&P 500 Index downside but only 45.09% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.51 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
- 1.39%
- Beta
- 0.51
- R²
- 0.73
- Upside Capture
- 45.09%
- Downside Capture
- 46.05%
Expense Ratio
NAPR has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NAPR ranks 97 for risk / return — in the top 97% 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 Nasdaq-100 Power Buffer ETF - April (NAPR) 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.
| NAPR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +4.19 | ||
| Omega ratioGain probability vs. loss probability | 1.99 | 1.34 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 9.59 | 2.53 | +7.06 |
| Martin ratioReturn relative to average drawdown | 60.47 | 11.37 | +49.10 |
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 Nasdaq-100 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 Nasdaq-100 Power Buffer ETF - April was 16.53%, occurring on Oct 14, 2022. Recovery took 145 trading sessions.
The current Innovator Nasdaq-100 Power Buffer ETF - April drawdown is 0.79%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -16.53%Oct 2022 | 6mo 12d | 7mo 3d | 1y 1moApr 2022 - May 2023 |
2025 selloff2025 | -14.52%Apr 2025 | 1mo 17d | 4mo 6d | 5mo 23dFeb 2025 - Aug 2025 |
2024 pullback2024 | -6.36%Aug 2024 | 27d | 1mo 18d | 2mo 15dJul 2024 - Sep 2024 |
Bear market2022 | -6.22%Mar 2022 | 2mo 9d | 10d | 2mo 19dJan 2022 - Mar 2022 |
2024 pullback2024 | -3.88%Apr 2024 | 7d | 21d | 28dApr 2024 - May 2024 |
Drawdown Indicators
| NAPR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.53% | -56.78% | +40.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -9.10% | +7.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -18.90% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -25.43% | +8.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.79% | -2.34% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -10.72% | +8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 2.02% | -1.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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