Get the weekly note

Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

EFA vs IAPR: how they differ

Over the year EFA returned more, +18.2% against +13.4%, and EFA charges 0.32% against 0.85%.

iShares MSCI EAFE ETF and Innovator Intl Developed Power Buffer ETF - Apr.

EFA and IAPR on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
EFA
iShares MSCI EAFE ETF
IAPR
Innovator Intl Developed Power Buffer ETF - Apr
Where it sitsCore index fundBuffer ETF
IssueriSharesInnovator
What it isDeveloped markets ex USDefined outcome, 15% on EFA
Total return, 1 year+18.2%+13.4%
S&P 500 over the same days+17.5%+18.2%
Gap to the S&P 500+0.7 pts−4.8 pts
Expense ratio0.32%0.85%
Holdings670not filed

EFA in plain words

EFA is an index equity fund tracking the Developed markets ex US. Over the year to Sep 11, 2026 it returned +18.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 670 positions, with the top ten at 13.8%.

IAPR in plain words

From its price on Sep 13, 2026, the fund can gain about 8.5% more before it reaches its cap. The fund's price can fall 7.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, EFA can fall 9.0% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's EFA level. 201 days remained on Sep 13, 2026. On Mar 31, 2027 the period ends and a new cap is set.

Questions people ask

Which returned more over the last year, EFA or IAPR?
In the year to Sep 13, 2026, with distributions reinvested, EFA returned +18.2% and IAPR returned +13.4%, so EFA returned more. One year is one year; the longer windows are in the table.
Which is cheaper, EFA or IAPR?
EFA charges 0.32% a year and IAPR charges 0.85%, so EFA is cheaper. Fees come from each fund's prospectus.
Are EFA and IAPR the same kind of fund?
No. EFA is an index ETF and IAPR is a buffer ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Other comparisons

Where to next

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

EFA against IAPR, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, EFA against IAPR, data as of Sep 13, 2026. https://etfiq.com/compare/any/efa-vs-iapr Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources