- ISIN
- US45782C8055
- CUSIP
- 45782C805
- Issuer
- Innovator
- Inception Date
- Mar 29, 2019
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $156M
Share Price Chart
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Performance
UAPR Performance Chart
Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) is up 6.9% since the beginning of the year. UAPR is currently trading at $35 per share. Investors who bought $1,000 worth of UAPR shares 5 years ago would now be looking at an investment worth $1,368.
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Returns By Period
Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) has returned 6.90% so far this year and 13.73% over the past 12 months.
Innovator U.S. Equity Ultra Buffer ETF - April
- 1D
- 0.04%
- 1M
- 0.29%
- YTD
- 6.90%
- 6M
- 6.99%
- 1Y
- 13.73%
- 3Y*
- 10.80%
- 5Y*
- 6.46%
- 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%
UAPR Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 2019, UAPR's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +5.5%, while the worst month was Mar 2025 at -4.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 3 months.
On a daily basis, UAPR closed higher 56% of trading days. The best single day was Mar 31, 2020 with a return of +6.2%, while the worst single day was Apr 1, 2020 at -7.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.64% | 0.42% | 0.75% | 3.69% | 1.37% | -0.13% | 6.90% | ||||||
| 2025 | 1.88% | -0.14% | -4.82% | -0.10% | 2.82% | 2.05% | 0.89% | 0.85% | 0.92% | 0.50% | 0.67% | 0.78% | 6.27% |
| 2024 | 1.03% | 0.96% | 0.61% | -2.31% | 3.20% | 2.28% | 0.73% | 2.05% | 1.17% | -0.17% | 3.21% | -0.90% | 12.38% |
| 2023 | 0.51% | -0.20% | 0.22% | 0.86% | 0.54% | 3.06% | 1.20% | -0.19% | -2.14% | -1.11% | 5.54% | 2.05% | 10.60% |
| 2022 | -0.68% | -0.24% | 1.59% | -3.87% | 0.04% | -3.66% | 3.38% | -1.50% | -2.88% | 2.35% | 1.37% | -1.43% | -5.67% |
| 2021 | -0.15% | 0.21% | 0.53% | 1.23% | 0.35% | 0.65% | 0.34% | 0.71% | -0.81% | 1.35% | -0.40% | 1.19% | 5.32% |
Benchmark Metrics
Innovator U.S. Equity Ultra Buffer ETF - April has an annualized alpha of -0.09%, beta of 0.34, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since April 01, 2019.
- This ETF participated in 34.43% of S&P 500 Index downside but only 27.03% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.34 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
- -0.09%
- Beta
- 0.34
- R²
- 0.65
- Upside Capture
- 27.03%
- Downside Capture
- 34.43%
Expense Ratio
UAPR has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UAPR ranks 98 for risk / return — in the top 98% 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 Ultra Buffer ETF - April (UAPR) 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.
| UAPR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +4.40 | ||
| Omega ratioGain probability vs. loss probability | 2.01 | 1.37 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 12.40 | 2.78 | +9.62 |
| Martin ratioReturn relative to average drawdown | 62.56 | 12.44 | +50.12 |
Dividends
Dividend History
Innovator U.S. Equity Ultra Buffer ETF - April provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Innovator U.S. Equity Ultra Buffer ETF - April. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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 Ultra 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 Ultra Buffer ETF - April was 14.61%, occurring on Apr 1, 2020. Recovery took 915 trading sessions.
The current Innovator U.S. Equity Ultra Buffer ETF - April drawdown is 0.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -14.61%Apr 2020 | 1mo 11d | 3y 7mo | 3y 9moFeb 2020 - Nov 2023 |
2025 selloff2025 | -10.84%Apr 2025 | 1mo 17d | 4mo 12d | 5mo 29dFeb 2025 - Aug 2025 |
2024 pullback2024 | -4.49%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
2019 pullback2019 | -3.23%Jun 2019 | 1mo 4d | 17d | 1mo 21dApr 2019 - Jun 2019 |
2024 pullback2024 | -2.98%Apr 2024 | 18d | 25d | 1mo 13dApr 2024 - May 2024 |
Drawdown Indicators
| UAPR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.61% | -56.78% | +42.17% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -9.10% | +7.99% |
Max Drawdown (3Y)Largest decline over 3 years | -10.84% | -18.90% | +8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | -25.43% | +14.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.19% | -1.80% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -10.71% | +7.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 2.03% | -1.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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