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Beacon

QTAPInnovator Growth Accelerated Plus ETF - April

Grow my money5y track recordRanked #2,452 of 2,960 in this goal

Seeks to provide investors with returns that are three times those of the Underlying ETF, up to the upside cap of 21.15% over the period from April 1, 2025 through March 31, 2026.

By Innovator ETFs · Launched 2021

Annual Cost

0.79%

#4,047 of 5,562 · expensive

Fund Size

$19M

#4,378 of 5,562 · small

Return (1Y)Goal

+24.6%

Track Record

5 years

#2,345 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,429+24.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 4 holdings = 100.2% of fundconcentrated

N/A
110.6%
N/A
56.0%
US BANK MMDA - USBGFS 9
0.3%
N/A
-66.7%

Asset allocation

Stocks
57.5%
Cash
42.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
6.0%Low

Year-on-year price swings

Max drawdown
-29.4%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
1.21Strong risk-adjusted returns
Sortino (3Y)
1.82Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide investors with returns that are three times those of the Underlying ETF, up to the upside cap of 21.15% over the period from April 1, 2025 through March 31, 2026.
Strategy
Invests primarily in FLEX Options referencing the Underlying ETF and may also invest directly in the Underlying ETF. The Fund seeks to provide returns that are three times the increase in value of the Underlying ETF, subject to a cap of 21.15%. If the Underlying ETF decreases in value, the Fund seeks to provide a decrease in value approximately equal to the Underlying ETF's share price decrease. The Fund does not provide a buffer against Underlying ETF losses.
Inception date
March 31, 2021
Fund family
Innovator ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

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

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Data updated on 2026-06-19