Which resets first, ARLI or IAPR?

ARLI ends its outcome period on Mar 31, 2027 and IAPR on Mar 31, 2027. A new cap is set the day after each.

Which is cheaper, ARLI or IAPR?

ARLI charges 0.79% a year and IAPR charges 0.85%, so ARLI is cheaper. Fees come from each fund's prospectus.

ARLI vs IAPR: which one stands where?

As of Oct 1, 2026 IAPR can fall 6.1% before its buffer engages and ARLI 4.5%. AllianzIM International Equity Buffer15 Uncapped ETF - Apr and Innovator Intl Developed Power Buffer ETF - Apr.

4.5%

ARLI can fall this far before its buffer

6.1%

IAPR can fall this far before its buffer

uncapped

ARLI can still gain

9.9%

IAPR can still gain

ARLINo cap

ARLI: reference +7.0% since period start, fund +3.8%; buffer 0 to −15; no cap; No cap.

IAPRBetween buffer and cap

IAPR: reference +7.0% since period start, fund +6.0%; buffer 0 to −15; cap +17.0%; Between buffer and cap.

ETFIQ Downside Cover Score · ARLI scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

ARLI 83.8

IAPR 68.8

0.2, the lowest in this set99.8, the highest

A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

Where each one stands today

ARLI resets first, on Mar 31, 2027, 182 days from now; IAPR runs to Mar 31, 2027, 182 days. A fall from here reaches ARLI’s buffer after 4.5% and IAPR’s after 6.1%. Both track EFA, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	ARLI	IAPR	ARLI	IAPR
3 months	−0.3%	+1.1%	−1.1 pts	+0.3 pts
6 months	+3.3%	+4.8%	−3.8 pts	−2.3 pts
1 year	not published	+11.4%	not published	−3.6 pts
3 years	not published	+38.8%	not published	−26.9 pts

ARLI and IAPR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

ARLI

AllianzIM International Equity Buffer15 Uncapped ETF - Apr · Absorbs the first 15% of loss on EFA and does not cap the gain, over a period ending Mar 31, 2027

IAPR

Innovator Intl Developed Power Buffer ETF - Apr · Absorbs the first 15% of loss on EFA and caps the gain at 17.0%, over a period ending Mar 31, 2027

Issuer AllianzIM Innovator

Reference index EFA EFA

Buffer 15% 15%

Outcome period Apr 1, 2026 to Mar 31, 2027 Mar 31, 2026 to Mar 31, 2027

Days left 182 182

Starting cap uncapped +17.0%

Can still gain uncapped 9.9%

Fall before buffer 4.5% 6.1%

Protection left, index points 15.0% of 15.0% 15.0% of 15.0%

Index return this period +7.0% +7.0%

Fund return this period +3.8% +6.0%

State today Uncapped Open

Expense ratio 0.79% 0.85%

Net assets $7m $191m

ARLI and IAPR on the same fields, as of Oct 1, 2026. Source: ETFIQ.

ARLI in plain words

This fund has no cap. It takes a share of any further rise in EFA. The fund's price can fall 4.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, EFA can fall 6.5% 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. 182 days remained on Oct 1, 2026. On Mar 31, 2027 the period ends and a new cap is set.

IAPR in plain words

From its price on Oct 1, 2026, the fund can gain about 9.9% more before it reaches its cap. The fund's price can fall 6.1% from here before the buffer starts absorbing losses, by the issuer's figure.

Questions people ask

Which resets first, ARLI or IAPR?: ARLI ends its outcome period on Mar 31, 2027 and IAPR on Mar 31, 2027. A new cap is set the day after each.
Which is cheaper, ARLI or IAPR?: ARLI charges 0.79% a year and IAPR charges 0.85%, so ARLI is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARLI vs YMAR IAPR vs YMAR

iShares® MSCI EAFE ETF →ARLI on its own →IAPR on its own →How every figure is computed →Standards and sources →

Where these figures came from

ARLI filings on SEC EDGAR ↗AllianzIM page for ARLI ↗IAPR filings on SEC EDGAR ↗Innovator page for IAPR ↗

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

Cite this page

ETFIQ, ARLI against IAPR, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/arli-vs-iapr

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.