- ISIN
- US45783Y2440
- Issuer
- Innovator
- Inception Date
- Jun 28, 2024
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $249M
Share Price Chart
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Performance
JAJL Performance Chart
Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul (JAJL) is up 2.5% since the beginning of the year. JAJL is currently trading at $30 per share.
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Returns By Period
Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul (JAJL) has returned 2.53% so far this year and 7.99% over the past 12 months.
Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul
- 1D
- -0.03%
- 1M
- 0.62%
- YTD
- 2.53%
- 6M
- 2.95%
- 1Y
- 7.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
JAJL Monthly Returns History
Based on dividend-adjusted daily data since Jul 1, 2024, JAJL's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 79% of months were positive and 21% were negative. The best month was Jun 2025 with a return of +2.2%, while the worst month was Mar 2025 at -1.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, JAJL closed higher 56% of trading days. The best single day was Jun 24, 2025 with a return of +0.8%, while the worst single day was Apr 3, 2025 at -0.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.48% | 0.08% | -0.52% | 1.79% | 0.70% | -0.01% | 2.53% | ||||||
| 2025 | 0.73% | -0.03% | -1.06% | -0.00% | 1.41% | 2.24% | 0.46% | 0.58% | 0.65% | 0.52% | 0.42% | 0.48% | 6.56% |
| 2024 | 0.56% | 1.09% | 0.57% | 0.17% | 1.48% | 0.55% | 4.48% |
Benchmark Metrics
Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul has an annualized alpha of 4.98%, beta of 0.11, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since July 02, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (23.15%) than losses (2.13%) - typical of diversified or defensive assets.
- Beta of 0.11 may look defensive, but with R2 of 0.50 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.50 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.98%
- Beta
- 0.11
- R²
- 0.50
- Upside Capture
- 23.15%
- Downside Capture
- 2.13%
Expense Ratio
JAJL has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JAJL ranks 95 for risk / return — in the top 95% 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 Equity Defined Protection ETF - 6 Mo Jan/Jul (JAJL) and compare them to S&P 500 Index.
| JAJL | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.46 | 2.39 | +1.07 |
Sortino ratioReturn per unit of downside risk | 5.81 | 3.25 | +2.56 |
Omega ratioGain probability vs. loss probability | 1.85 | 1.43 | +0.42 |
Calmar ratioReturn relative to maximum drawdown | 7.96 | 3.11 | +4.85 |
Martin ratioReturn relative to average drawdown | 39.15 | 14.38 | +24.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
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 Equity Defined Protection ETF - 6 Mo Jan/Jul. 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 Equity Defined Protection ETF - 6 Mo Jan/Jul was 2.16%, occurring on Apr 7, 2025. Recovery took 28 trading sessions.
The current Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul drawdown is 0.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -2.16%Apr 2025 | 1mo 16d | 1mo 9d | 2mo 25dFeb 2025 - May 2025 |
2024 pullback2024 | -1.31%Aug 2024 | 21d | 9d | 1moJul 2024 - Aug 2024 |
2026 pullback2026 | -1.01%Mar 2026 | 1mo 2d | 10d | 1mo 12dFeb 2026 - Apr 2026 |
2024 pullback2024 | -0.90%Sep 2024 | 3d | 11d | 14dSep 2024 - Sep 2024 |
2025 selloff2025 | -0.70%Jun 2025 | 7d | 4d | 11dJun 2025 - Jun 2025 |
Drawdown Indicators
| JAJL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.16% | -56.78% | +54.62% |
Max Drawdown (1Y)Largest decline over 1 year | -1.01% | -9.10% | +8.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.03% | 0.00% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -10.72% | +10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 1.97% | -1.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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