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%
#4,215 of 5,861 · expensive
$215M
#2,305 of 5,861 · mid-size
+21.0%
6 years
#2,027 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
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
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 funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04