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ETFs

Innovator U.S. Equity Power Buffer ETF - April

PAPR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 01 2019
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$2,334,764
AUM
$696,571,000
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
SPY 03/28/2024 4.09 C
99.58%
n/a
SPY 03/28/2024 409.39 P
3.59%
n/a
Cash & Other
0.21%
n/a
SPY 03/28/2024 347.98 P
-1.39%
n/a
SPY 03/28/2024 470.59 C
-1.99%
Invest with PAPR

What is PAPR?

The Innovator S&P 500 Power Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

ETFs related toPAPR

ETFs correlated to PAPR include FAPR, USCA, SPUU

PAPR
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - April
FAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - April
USCA
DBX ETF Trust - Xtrackers MSCI USA Climate Action Equity ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
BJUN
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - June
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPAPR

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PAPR using Composer

FAQ

PAPR is a US Equities ETF. The Innovator S&P 500 Power Buffer ETF seeks to track the return of the S&P 500 Price Return Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

PAPR tracks the S&P 500 Index.

No, PAPR is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PAPR is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PAPR is 0.0257%. This is the percent change in the value of PAPR over the most recent 1-month period. The 3-month return on PAPR is 0.047%. This is the percent change in the value of PAPR over the most recent 3-month period.

The standard deviation of PAPR for the past year is 0.1028%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PAPR include PJUN, PDEC, and PMAY.

ETFs correlated to PAPR include FAPR, USCA, and SPUU.

ETFs that are inversely correlated to PAPR include SH, SPDN, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.