IOCTInnovator International Developed Power Buffer ETF- October
The fund invests at least 80% of its net assets in FLexible EXchange® Options (“FLEX Options”) that reference the iShares MSCI EAFE ETF. FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the “OCC”), FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options. The fund is non-diversified.
Innovator ETFs · Since 2021 (4 years)
0.85%
#4125 out of 5,332 ETFs
$177M
#2217 out of 5,332 ETFs
0.00%
4 years
#2569 out of 5,332 ETFs
Performance
1 Year
+15.5%
3 Years
+12.4%
5 Years
N/A
What's inside
Asset allocation
Risk profile
8.8%
Moderate
-16.9%
Worst peak-to-trough loss
1.03
Excellent risk-adjusted returns
1.50
Good downside protection
Similar ETFs
Our 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
Data updated on 2026-05-05