EAPRInnovator Emerging Markets Power Buffer ETF - April
Seeks to provide returns matching the Underlying ETF up to 24.19% while buffering the first 15% of losses.
By Innovator ETFs · Launched 2021
0.89%
#4,486 of 5,562 · expensive
$101M
#2,945 of 5,562 · mid-size
+20.8%
5 years
#2,345 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
Emerging marketsStrategy
Structured outcome
Index tracked
MSCI Emerging Markets Index
What it actually holds
By weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide returns matching the Underlying ETF up to 24.19% while buffering the first 15% of losses.
- Strategy
- Invests primarily in instruments providing exposure to the iShares MSCI Emerging Markets ETF. Designed to deliver specific outcomes based on the fund's unique mechanics, balancing upside potential with downside protection.
- Inception date
- March 31, 2021
- Fund family
- Innovator ETFs
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've reviewed EAPR. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19