Innovator MSCI EAFE Power Buffer ETF - April (IAPR) Performance
IAPR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.7% since Dec 31, 2025
- 1 year
- +9.8% total return
- 5 years
- +5.0% a year
- Since first price
- +5.1% a year since 2021
IAPR trailing returns vs SPY, QQQ, AGG
| Period | IAPR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.5% | −1.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.2% | +0.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.4% | +2.4% | +7.8% | +8.4% | −1.5% |
| YTD | +7.7% | +7.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.8% | +9.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +40.1%+11.9%/yr | +40.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +27.9%+5.0%/yr | +27.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 1, 2021 | +31.9%+5.1%/yr | +31.9% | — | — | — |
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: IAPR vs SPY
From Apr 1, 2021: IAPR grew to $13,192, SPY to $20,414.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IAPR returns by calendar year
3 of 4 full years positive. Best 2025 (+15.5%), worst 2022 (−7.6%). 2026 is year to date.
IAPR annual returns table
| Year | IAPR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.7% | −3.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.5% | −9.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.8% | −6.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +7.7% | −6.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.6% | −17.3% | −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.
IAPR largest drawdowns
Now 3.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 8, 2021 | −17.7% | Sep 27, 2022 | Feb 22, 2024 | 11 months | 2.3 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IAPR risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +11.5% | +5.6% | +5.3% |
| Volatility (annualized) | 6.4% | 8.3% | 8.1% |
| Sharpe ratio | 1.07 | 0.27 | 0.27 |
| Sortino ratio | 1.77 | 0.38 | 0.39 |
| Best month | +4.3% | +6.0% | +6.0% |
| Worst month | −4.0% | −5.5% | −5.5% |
| Best 12 months | +17.7% | +17.7% | +17.7% |
| Worst 12 months | +1.4% | −15.3% | −15.3% |
| Positive months | 72% | 63% | 63% |
| Beta vs S&P 500 | 0.30 | 0.41 | — |
| Correlation with S&P 500 | 0.59 | 0.78 | — |
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.
IAPR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 55 | −15.3% | +7.4% | +17.7% | 78% |
| 3-year (a year) | 31 | +1.1% | +8.3% | +11.7% | 100% |
| 5-year (a year) | 7 | +5.0% | +5.3% | +5.6% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
IAPR performance overview
Innovator MSCI EAFE Power Buffer ETF - April (IAPR) returned +9.8% over the past year and +5.0% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +5.1% a year, turning $10,000 into about $13,192. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.7%, from Nov 8, 2021 to Sep 27, 2022, and it took 1.4 years to get back to the old high. IAPR finished 3 of its 4 full calendar years with a gain; the best year was 2025 (+15.5%) and the worst 2022 (−7.6%). Volatility has been 8.1% a year.
Related: IAPR chart. See the IAPR overview for the latest quote and fund facts.
IAPR performance FAQ
What is the IAPR return over the past year?
IAPR returned +9.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.8%.
What is the average annual return of IAPR?
IAPR has returned +5.0% a year over 5 years, +5.1% a year since April 1, 2021 (total return, distributions reinvested).
How much would $10,000 invested in IAPR be worth?
$10,000 invested in IAPR at its first recorded close on April 1, 2021 would be worth about $13,192 on October 23, 2026 with distributions reinvested.
What was the worst year for IAPR?
The worst calendar year was 2022, with a total return of −7.6%. The best was 2025 at +15.5%.
What is the biggest drawdown of IAPR?
The largest peak-to-trough decline was −17.7% between November 8, 2021 and September 27, 2022. It recovered to the old high on February 22, 2024, 1.4 years after the bottom.
How volatile is IAPR?
Over the past 3 years IAPR had an annualized volatility of 6.4% and a Sharpe ratio of 1.07 (excess return over 1–3 month T-bills per unit of risk).