How much can TAPR still gain?

Nothing more in index terms on Sep 4, 2026. SPY has already passed the cap of +15.3% for this period, which runs from Mar 31, 2025 to Mar 31, 2027.

How far can TAPR fall before the buffer helps?

10.8% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 27.4% from that level before the buffer begins. Losses until that point are the holder's.

How much of the TAPR buffer is left?

100.0% of the 100.0% buffer sat below the SPY level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

When does TAPR reset?

The outcome period ends on Mar 31, 2027, 208 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.

The prospectus expense ratio is 0.79% a year.

Data as of Sep 4, 2026. Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page.

TAPR · Innovator Equity Defined Protection ETF - Apr 2027

Name: ETFIQ buffer desk record for TAPR
Creator: ETFIQ
License: https://etfiq.com/standards/

Innovator · Buffer desk

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SPY had already risen past this fund's cap of +15.3% for the period on Sep 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.0% as the period runs out. The fund's price can fall 10.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 27.4% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 208 days remained on Sep 4, 2026. On Mar 31, 2027 the period ends and a new cap is set.

TAPR (Innovator Equity Defined Protection ETF - Apr 2027), buffer desk fields as of Sep 4, 2026. Source: ETFIQ.
Reference index	SPY
Buffer
Outcome period	Mar 31, 2025 to Mar 31, 2027
Starting cap	+15.3%
SPY return since period start	+37.7%
Fund return since period start	+10.7%
Band state today (ETFIQ)	At cap
Can still gain (issuer, fund price)	3.0%
Fall before buffer (issuer, fund price)	10.8%
Fall to the buffer in index terms (ETFIQ)	27.4%
Protection left in index points (ETFIQ)	100.0% of 100.0%
Days left in period	208
Expense ratio	0.79%

Questions people ask

How much can TAPR still gain?: Nothing more in index terms on Sep 4, 2026. SPY has already passed the cap of +15.3% for this period, which runs from Mar 31, 2025 to Mar 31, 2027.
How far can TAPR fall before the buffer helps?: 10.8% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 27.4% from that level before the buffer begins. Losses until that point are the holder's.
How much of the TAPR buffer is left?: 100.0% of the 100.0% buffer sat below the SPY level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does TAPR reset?: The outcome period ends on Mar 31, 2027, 208 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.
What does TAPR cost?: The prospectus expense ratio is 0.79% a year.

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.

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TAPR outcome band, ETFIQ

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<p><a href="https://etfiq.com/funds/TAPR.html">TAPR outcome band, updated daily by ETFIQ</a></p>

Cite this page. ETFIQ, TAPR on the buffer desk, data as of Sep 4, 2026. https://etfiq.com/funds/TAPR.html Free to use with attribution; the underlying files are at Open data.

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; sort orders and figures are stated arithmetic on published data. Standards · How to read this desk