Innovator Equity Defined Protection ETF (TAPR)
Innovator Equity Defined Protection ETF operates in the Asset Management - Cryptocurrency industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $26.70, up 0.04% on the session, giving a market capitalisation of $10.6M. Its beta of 0.18 implies it has historically moved less than the broad market.
The Innovator Equity Defined Protection ETF (TAPR) is structured to mirror the investment returns of the SPDR S&P 500 ETF Trust (SPY). Over a predetermined two-year investment window, this fund aims to safeguard investors by offering full protection against any market downturns, absorbing 100% of potential losses. However, this downside security comes with a corresponding ceiling on gains, meaning its maximum returns are capped. It's important to note that these performance characteristics are stated before any fund-related fees and expenses are deducted.