Innovator S&P 500 Buffer ETF - April New (BAPR) Performance
BAPR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.9% since Dec 31, 2025
- 1 year
- +15.9% total return
- 5 years
- +10.8% a year
- Since first price
- +10.7% a year since 2019
BAPR trailing returns vs SPY, QQQ, AGG
| Period | BAPR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.0% | −0.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.8% | +5.8% | +7.8% | +8.4% | −1.5% |
| YTD | +13.9% | +13.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.9% | +15.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +58.2%+16.5%/yr | +58.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +67.0%+10.8%/yr | +67.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 1, 2019 | +116.2%+10.7%/yr | +116.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BAPR vs SPY
From Apr 1, 2019: BAPR grew to $21,622, SPY to $29,665.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BAPR returns by calendar year
5 of 6 full years positive. Best 2023 (+23.2%), worst 2022 (−7.0%). 2026 is year to date.
BAPR annual returns table
| Year | BAPR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.9% | −1.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.3% | −15.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.0% | −5.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +23.2% | −7.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.0% | −15.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +12.6% | −2.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +6.2% | −23.9% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BAPR largest drawdowns
Now 0.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −23.9% | Mar 20, 2020 | Aug 24, 2020 | 30 days | 6 months |
| Feb 19, 2025 | −15.6% | Apr 8, 2025 | Aug 12, 2025 | 48 days | 6 months |
| Apr 4, 2022 | −15.2% | Oct 12, 2022 | May 26, 2023 | 6 months | 1.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BAPR risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +16.0% | +11.4% | +10.6% |
| Volatility (annualized) | 8.1% | 10.5% | 10.3% |
| Sharpe ratio | 1.36 | 0.75 | 0.78 |
| Sortino ratio | 2.56 | 1.18 | 1.22 |
| Best month | +7.3% | +7.3% | +7.3% |
| Worst month | −5.6% | −6.5% | −6.5% |
| Best 12 months | +25.5% | +25.5% | +25.5% |
| Worst 12 months | +5.8% | −8.6% | −8.6% |
| Positive months | 81% | 70% | 72% |
| Beta vs S&P 500 | 0.59 | 0.64 | — |
| Correlation with S&P 500 | 0.91 | 0.95 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BAPR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 79 | −8.6% | +11.5% | +25.5% | 87% |
| 3-year (a year) | 55 | +3.5% | +9.6% | +17.3% | 100% |
| 5-year (a year) | 31 | +8.6% | +10.4% | +11.5% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
BAPR performance overview
Innovator S&P 500 Buffer ETF - April New (BAPR) returned +15.9% over the past year and +10.8% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +10.7% a year, turning $10,000 into about $21,622. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −23.9%, from Feb 19, 2020 to Mar 20, 2020, and it took 5 months to get back to the old high. BAPR finished 5 of its 6 full calendar years with a gain; the best year was 2023 (+23.2%) and the worst 2022 (−7.0%). Volatility has been 10.3% a year.
Related: BAPR chart. See the BAPR overview for the latest quote and fund facts.
BAPR performance FAQ
What is the BAPR return over the past year?
BAPR returned +15.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 15.9%.
What is the average annual return of BAPR?
BAPR has returned +10.8% a year over 5 years, +10.7% a year since April 1, 2019 (total return, distributions reinvested).
How much would $10,000 invested in BAPR be worth?
$10,000 invested in BAPR at its first recorded close on April 1, 2019 would be worth about $21,622 on October 23, 2026 with distributions reinvested.
What was the worst year for BAPR?
The worst calendar year was 2022, with a total return of −7.0%. The best was 2023 at +23.2%.
What is the biggest drawdown of BAPR?
The largest peak-to-trough decline was −23.9% between February 19, 2020 and March 20, 2020. It recovered to the old high on August 24, 2020, 5 months after the bottom.
How volatile is BAPR?
Over the past 3 years BAPR had an annualized volatility of 8.1% and a Sharpe ratio of 1.36 (excess return over 1–3 month T-bills per unit of risk).