AAPR Innovator Equity Defined Protection ETF - 2 Yr to April 2028

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

AAPR — —
Key stats
About

Innovator Equity Defined Protection ETF - 2 Yr to April 2028 (AAPR) ETF

No description available.

Exchange
BATS
Inception
2024-03-28
Has Options
No
Fund profile
holdings as of Oct 21, 2026issuer datathrough Jul 2026flows, SEC filings
Defined-outcome fund. The stated cap and buffer apply only from the first day of the outcome period to its last; buying in between gives different terms. See what is left in the ETF lab.
Expense ratio
0.79%
issuer, Oct 22, 2026
Assets
$71M
issuer-reported, Oct 21, 2026
Trailing yield
—
Average daily volume
$180K
30 sessions
Holdings
7
top 10 are 114.8%
Listed
Mar 28, 2024
Cboe BZX
Net asset value
$29.97
issuer, Oct 21, 2026
Closure risk, 12 months
4.3%
low: trading volume, age · model
FrenzyCap ETF score
23
how it is built
Cost42
Liquidity8
Scale29
Diversification0
Outcome period, decoded from the options in the fund's Oct 21, 2026 holdings (issuer data)
Reference asset
VOO
period ends Mar 31, 2028 (526 days)
Cap, full period
15.7%
before fees
Protection, full period
100.0%
losses below the start level
Reference since start
+18.9%
$710.72 on Oct 21, 2026
Upside left to the cap
0.0%
for a buyer today
Drop before the buffer starts
15.9%
unprotected from here

Moves with. US large-cap stocks (69% of its variance, beta 0.16). These factors explain 71% of its daily moves over the last year.

Stated objective. The Fund seeks to provide investors with returns that match the upside return of the Underlying ETF, up to the upside cap of 15.73% (prior to taking into account management fees and other fees) while providing a buffer against 100% of Underlying ETF losses (prior to taking into account management fees and other fees), over the period from April 1, 2026 through March 31, 2028. (from the fund's prospectus)

All 7 holdingsFlow historyOverlap toolAll Floor & Protection ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
$0
latest reported month
Latest 3 months
+$20M
+27.4% of assets
Latest 12 months
+$9.2M
+12.7% of assets
Aug 2025: $0Sep 2025: −$1.4MSepOct 2025: $0Nov 2025: −$1.4MNovDec 2025: −$1.4MJan 2026: −$2.1MJanFeb 2026: −$2.1MMar 2026: −$2.2M−$2.2MMarApr 2026: $0May 2026: +$21M+$21MMayJun 2026: −$1.5MJul 2026: $0Jul
View as a table
Net flows of AAPR by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026$0
Jun 2026−$1.5M
May 2026+$21M
Apr 2026$0
Mar 2026−$2.2M
Feb 2026−$2.1M
Jan 2026−$2.1M
Dec 2025−$1.4M
Nov 2025−$1.4M
Oct 2025$0
Sep 2025−$1.4M
Aug 2025$0

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 30 months ago

Similar funds
FundOverlapFeeAssets1Y
JAJLInnovator Equity Defined Protection ETF - 6mo Jan/Jul—0.79%$304M+5.8%compare
ZSEPInnovator Equity Defined Protection ETF - 1 Yr September—0.79%$243M+5.5%compare
ZOCTInnovator Equity Defined Protection ETF - 1 Yr October—0.79%$215M+6.0%compare
ZJULInnovtor Equity Defined Protection ETF - 1 Yr July—0.79%$195M+5.5%compare
ZAUGInnovator Equity Defined Protection ETF - 1 Yr August—0.79%$163M+5.7%compare

The largest other funds in the Floor & Protection category.

Look-through: what the holdings say
weights as of Oct 21, 2026issuer data
Insider buying
0%
of weight had net insider buying, 90 days; 0% net selling
13F holders
−10.9%
change in shares held by institutions, latest quarter
Reporting earnings
0.0%
of weight in 7 days; 0.0% in 14

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

Under the hood
fiscal year to Oct 31, 2025SEC census
Authorized participants
4 active
of 4 with agreements; top 3 did 98%
Created · redeemed
$4.0M · $23M
over the fiscal year
Redemptions in kind
67%
creations 0% in kind
Creation unit
25,000
shares
Securities lending
not authorized
Diversification status
Non-diversified
may concentrate in fewer issuers

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-10-21
Holdings
7
AUM
$71.2M
Provider
Innovator
Inception
2024-03-28
Exchange
BATS
Data As Of
2026-10-21
Expense Ratio
0.79%
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 7 of 7 holdings
Symbol Name Weight % Asset Class Country
VOO Vanguard S&P 500 ETF 110.75% Equity (US) US
— VOO 03/31/2028 597.55 P 3.12% Derivative —
— VOO 03/31/2028 645.35 C 0.88% Derivative —
— US BANK MMDA - USBGFS 9 09/01/2037 0.51% Cash/Money Market —
— Cash & Other 0.40% Cash/Money Market —
— VOO 03/31/2028 645.35 P -0.18% Derivative —
— VOO 03/31/2028 691.57 C -15.48% Derivative —
Chart
Seasonality
Month'24'25'26Avg
Jan--1.12%0.44%0.78%
Feb---0.03%0.17%0.07%
Mar---1.08%0.56%-0.26%
Apr-1.89%-0.11%1.61%-0.13%
May2.09%2.01%0.63%1.58%
Jun1.57%1.67%-0.05%1.06%
Jul0.73%0.73%0.37%0.61%
Aug2.08%1.15%0.47%1.23%
Sep1.80%1.05%0.13%0.99%
Oct-0.41%0.40%0.40%*0.13%
Nov1.32%0.45%--0.89%
Dec-0.42%0.87%--0.23%
Total7.00%8.51%4.82%6.78%
* Only 3 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $29.86
SMA 50: $29.80
SMA 200: $29.27
Current: $29.93
EMA 12: $29.89
EMA 26: $29.85
MACD: 0.0403 | Signal: 0.0010
BULLISH
ADX (14): 12.31
RANGE
+DI: 22.60
−DI: 28.70

Momentum Oscillators

RSI (14): 63.12
NEUTRAL
Stoch %K: 55.54
Stoch %D: 53.48
Williams %R: -38.89

Volume & Volatility

BB Upper: $29.97
BB Lower: $29.75
NEUTRAL
OBV: 703,663
Vol SMA 20: 4,132
Vol ROC: -68.02%
ATR: $0.07
True Range: $0.03
HV 20: 1.4%
HV 30: 1.9%
HV 60: 2.2%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

AAPR Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.1575
Alpha: 4.33%
Correlation: 0.8168
R-Squared: 66.7%
Stock Volatility: 2.4%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

AAPR Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

56 filers1,583,485 shares$46.72M value
# Filer Shares Value % of Total % of Float Period
1 Legacy CG, LLC 592,967 $17.49M 37.43% — 2026-06-30
2 COMMONWEALTH EQUITY SERVICES, LLC 118,862 $3.51M 7.50% — 2026-06-30
3 Kestra Advisory Services, LLC 105,989 $3.13M 6.69% — 2026-06-30
4 CENTAURUS FINANCIAL, INC. 71,417 $2.11M 4.51% — 2026-06-30
5 LPL Financial LLC Custodian 47,628 $1.40M 3.01% — 2026-06-30
6 Raymond James Financial, Inc. Custodian 36,601 $1.08M 2.31% — 2026-06-30
7 Cetera Investment Advisers Custodian 32,992 $973.06K 2.08% — 2026-06-30
8 Crown Wealth Group, LLC 29,483 $869.57K 1.86% — 2026-06-30
9 MTM FINANCIAL GROUP, LLC 28,450 $839.10K 1.80% — 2026-06-30
10 Trek Financial, LLC 26,832 $791.38K 1.69% — 2026-06-30
11 KFG WEALTH MANAGEMENT, LLC 24,205 $720.69K 1.54% — 2026-09-30
12 Concurrent Investment Advisors, LLC 23,341 $694.95K 1.49% — 2026-09-30
13 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 23,203 $693.42K 1.48% — 2026-09-30
14 Selby Wealth Management, LLC 22,700 $675.88K 1.45% — 2026-09-30
15 World Investment Advisors 22,896 $659.18K 1.41% — 2026-06-30
16 Cypress Wealth Services, LLC 21,872 $645.09K 1.38% — 2026-06-30
17 Peak Wealth Management LLC 20,651 $609.08K 1.30% — 2026-06-30
18 OLD MISSION CAPITAL LLC 19,640 $579.26K 1.24% — 2026-06-30
19 Brookstone Capital Management 19,410 $572.48K 1.23% — 2026-06-30
20 CROSSPOINT FINANCIAL, LLC 18,875 $556.70K 1.19% — 2026-06-30
21 Quantinno Capital Management LP 18,846 $555.84K 1.19% — 2026-06-30
22 AXXCESS WEALTH MANAGEMENT, LLC 18,846 $555.84K 1.19% — 2026-06-30
23 Lineweaver Wealth Advisors, LLC 18,475 $550.08K 1.18% — 2026-09-30
24 Spire Wealth Management 17,402 $513.19K 1.10% — 2026-06-30
25 MML INVESTORS SERVICES, LLC 16,466 $485.65K 1.04% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
AAPR Constituent Performance

Click any bar to view the full quote for that stock.

AAPR Constituents (1 of 1)
Symbol Name Weight % Price 1 Day 1 Week 1 Month
VOO Vanguard S&P 500 ETF 110.75% $710.72 +0.55%+0.47%+0.44%