ETF Report: Innovator International Developed Power Buffer ETF November (INOV)

What this ETF is trying to do

The Innovator International Developed Power Buffer ETF November (ticker: INOV) is an exchange-traded fund listed on the NYSE. While the specific strategy details are not provided in the data, "buffer" ETFs generally aim to provide a level of protection against market drops while still allowing for some growth.

What the numbers show

The current price of one share of INOV is $37.89. Looking back at history, we can look at an estimated price from roughly one year ago, which was approximately $32.54.

When looking at how the share price has moved:

• One-year price return: The share price increased by approximately 16.43% over the last year.

• Year-to-date (YTD) price return: Since the start of this year, the share price has increased by approximately 9.70%.

In this specific case, the total return data supplied is the same as the price return data. The one-year total return is 16.43%, and the YTD total return is 9.70%. It is important to remember that price return only measures the change in the share price, while total return includes both price changes and any distributions (cash payments) made to investors.

Income and distribution explanation

Some investors look for ETFs that pay regular cash, known as distributions. For INOV, the distribution yield is 0%. The data shows no distributions were detected over the last 12 months. Because there are no distributions, this ETF is not currently providing cash income to shareholders.

NAV erosion explanation

"NAV" stands for Net Asset Value, which is essentially the value of everything the fund owns. "NAV erosion" happens when the value of those underlying assets drops significantly over time.

For INOV, the erosion-risk score is 100, and the label is "No price erosion detected." The erosion severity is described as "good," and there is no severe erosion-risk flag. This means the data does not show signs of the fund's value being worn down by significant price deterioration.

Pros

• The ETF has shown positive share-price growth over both a one-year period and the current year-to-date period.

• The erosion-risk measurements suggest the fund is not currently showing signs of significant price deterioration.

Cons

• There are no distributions or cash income being paid out to investors based on the current data.

• No information was supplied regarding the specific companies held within the fund's portfolio.

Beginner takeaway

INOV has experienced a share-price increase over the last year. While it is not paying out cash distributions, its price has grown from an estimated $32.54 a year ago to its current price of $37.89. Always remember that past performance does not guarantee what will happen in the future.