- ISIN
- US45782C4096
- CUSIP
- 45782C409
- Issuer
- Innovator
- Inception Date
- Dec 31, 2018
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $390M
Share Price Chart
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Performance
BJAN Performance Chart
Innovator U.S. Equity Buffer ETF - January (BJAN) is up 6.8% since the beginning of the year. BJAN is currently trading at $59 per share. Investors who bought $1,000 worth of BJAN shares 5 years ago would now be looking at an investment worth $1,644.
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Returns By Period
Innovator U.S. Equity Buffer ETF - January (BJAN) has returned 6.79% so far this year and 20.39% over the past 12 months.
Innovator U.S. Equity Buffer ETF - January
- 1D
- -0.12%
- 1M
- 0.53%
- YTD
- 6.79%
- 6M
- 7.21%
- 1Y
- 20.39%
- 3Y*
- 16.63%
- 5Y*
- 10.46%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BJAN Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2019, BJAN's average daily return is +0.05%, while the average monthly return is +1.07%. At this rate, an investment would double in approximately 5.4 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +9.6%, while the worst month was Mar 2020 at -8.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BJAN closed higher 57% of trading days. The best single day was Mar 24, 2020 with a return of +7.8%, while the worst single day was Mar 16, 2020 at -9.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.97% | -0.32% | -3.75% | 7.50% | 2.84% | -0.29% | 6.79% | ||||||
| 2025 | 1.90% | -0.70% | -3.89% | -0.67% | 4.70% | 3.57% | 1.69% | 1.56% | 2.21% | 1.19% | 0.90% | 1.71% | 14.81% |
| 2024 | 1.40% | 3.36% | 1.68% | -1.88% | 3.38% | 2.11% | 0.73% | 1.63% | 0.85% | 0.28% | 2.10% | 0.59% | 17.36% |
| 2023 | 5.42% | -1.66% | 2.65% | 1.44% | 0.54% | 5.19% | 2.09% | -0.56% | -4.05% | -2.07% | 8.62% | 4.54% | 23.66% |
| 2022 | -3.54% | -2.25% | 2.73% | -6.35% | 0.66% | -5.58% | 6.78% | -2.30% | -7.55% | 6.90% | 4.95% | -5.02% | -11.40% |
| 2021 | -1.10% | 1.64% | 3.71% | 2.40% | 1.34% | 1.10% | 0.67% | 1.13% | -1.11% | 2.39% | -0.13% | 1.12% | 13.86% |
Benchmark Metrics
Innovator U.S. Equity Buffer ETF - January has an annualized alpha of 1.66%, beta of 0.69, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since January 02, 2019.
- This ETF participated in 67.49% of S&P 500 Index downside but only 66.53% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.69 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.66%
- Beta
- 0.69
- R²
- 0.93
- Upside Capture
- 66.53%
- Downside Capture
- 67.49%
Expense Ratio
BJAN has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BJAN ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BJAN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.78 | +0.48 |
| Martin ratioReturn relative to average drawdown | 16.27 | 12.44 | +3.83 |
Dividends
Dividend History
Innovator U.S. Equity Buffer ETF - January provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Innovator U.S. Equity Buffer ETF - January. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator U.S. Equity Buffer ETF - January. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator U.S. Equity Buffer ETF - January was 26.86%, occurring on Mar 23, 2020. Recovery took 97 trading sessions.
The current Innovator U.S. Equity Buffer ETF - January drawdown is 0.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -26.86%Mar 2020 | 1mo 2d | 4mo 20d | 5mo 22dFeb 2020 - Aug 2020 |
Bear market2022 | -17.38%Oct 2022 | 9mo 10d | 8mo 21d | 1y 5moJan 2022 - Jun 2023 |
2025 selloff2025 | -13.81%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 |
2023 pullback2023 | -8.10%Oct 2023 | 2mo 28d | 19d | 3mo 17dJul 2023 - Nov 2023 |
2026 pullback2026 | -6.27%Mar 2026 | 2mo 1d | 15d | 2mo 16dJan 2026 - Apr 2026 |
Drawdown Indicators
| BJAN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.86% | -56.78% | +29.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -9.10% | +2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -13.81% | -18.90% | +5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.38% | -25.43% | +8.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.45% | -1.80% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -10.71% | +7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.03% | -0.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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