Innovator MSCI Emerging Markets Power Buffer… (EAPR) Performance
EAPR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.8% since Dec 31, 2025
- 1 year
- +11.2% total return
- 5 years
- +5.4% a year
- Since first price
- +4.9% a year since 2021
EAPR trailing returns vs SPY, QQQ, AGG
| Period | EAPR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.1% | −4.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.1% | +1.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.0% | +2.0% | +7.8% | +8.4% | −1.5% |
| YTD | +9.8% | +9.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.2% | +11.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +37.7%+11.2%/yr | +37.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +30.3%+5.4%/yr | +30.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMar 31, 2021 | +30.6%+4.9%/yr | +30.6% | — | — | — |
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: EAPR vs SPY
From Mar 31, 2021: EAPR grew to $13,061, SPY to $20,635.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EAPR returns by calendar year
3 of 4 full years positive. Best 2025 (+14.8%), worst 2022 (−5.0%). 2026 is year to date.
EAPR annual returns table
| Year | EAPR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.8% | −5.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.8% | −10.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.9% | −5.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +8.2% | −7.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.0% | −14.5% | −18.2% | −32.6% | −13.0% |
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.
EAPR largest drawdowns
Now 5.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 25, 2021 | −17.6% | Oct 24, 2022 | May 15, 2024 | 1.3 years | 2.9 years |
| Mar 17, 2025 | −10.2% | Apr 8, 2025 | Jun 9, 2025 | 22 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EAPR risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +12.0% | +6.6% | +5.7% |
| Volatility (annualized) | 7.1% | 8.8% | 8.6% |
| Sharpe ratio | 1.02 | 0.36 | 0.31 |
| Sortino ratio | 2.22 | 0.60 | 0.50 |
| Best month | +8.6% | +9.1% | +9.1% |
| Worst month | −3.2% | −6.5% | −6.5% |
| Best 12 months | +22.2% | +22.2% | +22.2% |
| Worst 12 months | +2.9% | −13.4% | −13.4% |
| Positive months | 75% | 63% | 64% |
| Beta vs S&P 500 | 0.37 | 0.37 | — |
| Correlation with S&P 500 | 0.65 | 0.66 | — |
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.
EAPR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 56 | −13.4% | +6.3% | +22.2% | 77% |
| 3-year (a year) | 32 | −0.2% | +6.6% | +12.0% | 94% |
| 5-year (a year) | 8 | +3.7% | +5.3% | +6.6% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
EAPR performance overview
Innovator MSCI Emerging Markets Power Buffer… (EAPR) returned +11.2% over the past year and +5.4% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +4.9% a year, turning $10,000 into about $13,061. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.6%, from Jun 25, 2021 to Oct 24, 2022, and it took 1.6 years to get back to the old high. EAPR finished 3 of its 4 full calendar years with a gain; the best year was 2025 (+14.8%) and the worst 2022 (−5.0%). Volatility has been 8.6% a year.
Related: EAPR chart. See the EAPR overview for the latest quote and fund facts.
EAPR performance FAQ
What is the EAPR return over the past year?
EAPR returned +11.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.2%.
What is the average annual return of EAPR?
EAPR has returned +5.4% a year over 5 years, +4.9% a year since March 31, 2021 (total return, distributions reinvested).
How much would $10,000 invested in EAPR be worth?
$10,000 invested in EAPR at its first recorded close on March 31, 2021 would be worth about $13,061 on October 23, 2026 with distributions reinvested.
What was the worst year for EAPR?
The worst calendar year was 2022, with a total return of −5.0%. The best was 2025 at +14.8%.
What is the biggest drawdown of EAPR?
The largest peak-to-trough decline was −17.6% between June 25, 2021 and October 24, 2022. It recovered to the old high on May 15, 2024, 1.6 years after the bottom.
How volatile is EAPR?
Over the past 3 years EAPR had an annualized volatility of 7.1% and a Sharpe ratio of 1.02 (excess return over 1–3 month T-bills per unit of risk).