Innovator S&P 500 Ultra Buffer ETF - April New (UAPR) Performance
UAPR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.7% since Dec 31, 2025
- 1 year
- +11.5% total return
- 5 years
- +6.7% a year
- Since first price
- +5.1% a year since 2019
UAPR trailing returns vs SPY, QQQ, AGG
| Period | UAPR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.2% | +0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.3% | +2.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.5% | +4.5% | +7.8% | +8.4% | −1.5% |
| YTD | +9.7% | +9.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.5% | +11.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +40.7%+12.1%/yr | +40.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +38.0%+6.7%/yr | +38.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 1, 2019 | +46.0%+5.1%/yr | +42.8% | — | — | — |
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: UAPR vs SPY
From Apr 1, 2019: UAPR grew to $14,595, SPY to $29,665.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UAPR returns by calendar year
4 of 6 full years positive. Best 2024 (+12.4%), worst 2022 (−5.7%). 2026 is year to date.
UAPR annual returns table
| Year | UAPR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.7% | −1.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.3% | −10.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.4% | −4.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.6% | −4.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.7% | −8.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +5.3% | −1.4% | +28.7% | +27.4% | −1.8% |
| 2020 | −5.0% | −14.6% | +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.
UAPR largest drawdowns
Now 0.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −14.6% | Apr 1, 2020 | Nov 17, 2023 | 42 days | 3.7 years |
| Feb 19, 2025 | −10.8% | Apr 8, 2025 | Aug 18, 2025 | 48 days | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UAPR risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +11.7% | +6.9% | +5.0% |
| Volatility (annualized) | 6.0% | 6.4% | 6.2% |
| Sharpe ratio | 1.16 | 0.52 | 0.40 |
| Sortino ratio | 1.92 | 0.77 | 0.56 |
| Best month | +5.5% | +5.5% | +5.5% |
| Worst month | −4.8% | −4.8% | −4.8% |
| Best 12 months | +18.3% | +18.3% | +18.3% |
| Worst 12 months | +4.5% | −5.8% | −5.8% |
| Positive months | 81% | 70% | 70% |
| Beta vs S&P 500 | 0.42 | 0.36 | — |
| Correlation with S&P 500 | 0.86 | 0.89 | — |
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.
UAPR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 79 | −5.8% | +5.8% | +18.3% | 70% |
| 3-year (a year) | 55 | −1.9% | +4.2% | +12.2% | 85% |
| 5-year (a year) | 31 | +2.0% | +5.3% | +6.9% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
UAPR performance overview
Innovator S&P 500 Ultra Buffer ETF - April New (UAPR) returned +11.5% over the past year and +6.7% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +5.1% a year, turning $10,000 into about $14,595. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −14.6%, from Feb 19, 2020 to Apr 1, 2020, and it took 3.6 years to get back to the old high. UAPR finished 4 of its 6 full calendar years with a gain; the best year was 2024 (+12.4%) and the worst 2022 (−5.7%). Volatility has been 6.2% a year.
Related: UAPR chart. See the UAPR overview for the latest quote and fund facts.
UAPR performance FAQ
What is the UAPR return over the past year?
UAPR returned +11.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.5%.
What is the average annual return of UAPR?
UAPR has returned +6.7% a year over 5 years, +5.1% a year since April 1, 2019 (total return, distributions reinvested).
How much would $10,000 invested in UAPR be worth?
$10,000 invested in UAPR at its first recorded close on April 1, 2019 would be worth about $14,595 on October 23, 2026 with distributions reinvested.
What was the worst year for UAPR?
The worst calendar year was 2022, with a total return of −5.7%. The best was 2024 at +12.4%.
What is the biggest drawdown of UAPR?
The largest peak-to-trough decline was −14.6% between February 19, 2020 and April 1, 2020. It recovered to the old high on November 17, 2023, 3.6 years after the bottom.
How volatile is UAPR?
Over the past 3 years UAPR had an annualized volatility of 6.0% and a Sharpe ratio of 1.16 (excess return over 1–3 month T-bills per unit of risk).