KAPRInnovator Russell 2000 Power Buffer ETF - April
Seeks to provide capital appreciation by participating in positive returns of the Underlying ETF up to the Upside Cap and buffered returns against losses less than the Inverse Performance Threshold.
By Innovator ETFs · Launched 2020
0.79%
#4,047 of 5,562 · expensive
$215M
#2,258 of 5,562 · mid-size
+24.3%
6 years
#2,072 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat 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
- Cboe BZX
Full fund details
- Objective
- Seeks to provide capital appreciation by participating in positive returns of the Underlying ETF up to the Upside Cap and buffered returns against losses less than the Inverse Performance Threshold.
- Strategy
- Invests primarily in the Underlying ETF to achieve capital appreciation and buffered returns. The Fund seeks to replicate the Underlying ETF's performance over the Outcome Period, providing positive returns regardless of the Underlying ETF's price movement, subject to limitations. If the Underlying ETF appreciates, returns are capped at the Upside Cap of 9.56% to 11.06%. If the Underlying ETF declines by less than or equal to 15%, the Fund matches the absolute value of losses up to a maximum return of 15%.
- Inception date
- March 31, 2020
- 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 KAPR. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19