Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul (JAJL) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with JAJL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to JAJL
JAJL charges 0.79% annually. There are 89 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | JAJL vs JANB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | JAJL vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | JAJL vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | JAJL vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | JAJL vs FBUF |
Best Risk-Adjusted Alternatives to JAJL
JAJL has a PortfoliosLab risk / return rank of 95. There are 26 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | JAJL vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | JAJL vs MMAX | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | JAJL vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | JAJL vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | JAJL vs CPSP |
Top Performing JAJL Alternatives (YTD)
JAJL is at 2.53% YTD. There are 225 ETFs in the Defined Outcome category with higher YTD returns, going as high as 21.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 21.85% | — | Aug 2025 | JAJL vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 15.28% | — | Mar 2025 | JAJL vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.16% | 557.94M | Mar 2021 | JAJL vs QMAR | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 12.64% | — | Jul 2025 | JAJL vs UXJL | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jan... | 12.41% | — | Jan 2025 | JAJL vs UXJA |
Lowest Volatility Alternatives to JAJL
JAJL has 2.32% 1-year volatility. There are 36 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.01% | — | Apr 2025 | JAJL vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | JAJL vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | JAJL vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | JAJL vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | JAJL vs CPSP |
Lowest Drawdown Alternatives to JAJL
JAJL has a 1-year max drawdown of -1.01%. There are 15 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | -0.27% | — | Apr 2025 | JAJL vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | JAJL vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | JAJL vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | JAJL vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | JAJL vs CPSP |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 5 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 93 | 1.97% | 2.46B | Jun 2021 | JAJL vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 32 | 20.28% | 89.40M | Apr 2015 | JAJL vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 5.70% | 869.87M | Oct 2016 | JAJL vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 67 | 5.95% | 2.00B | Nov 2022 | JAJL vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 76 | 30.66% | 219.47M | Jul 2018 | JAJL vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 82 | 5.40% | 1.52B | Jan 2019 | JAJL vs PJAN | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.07% | 401.85M | Mar 2019 | JAJL vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 88 | 4.63% | 1.00B | Aug 2018 | JAJL vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 75 | 6.88% | 527.81M | Jan 2024 | JAJL vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 78 | 5.54% | 1.02B | Sep 2018 | JAJL vs POCT |
Often Compared With JAJL
Investors most often compare JAJL with LJUL, CPSJ, IBUF. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare JAJL with Any Fund or Stock
Compare JAJL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair JAJL with funds that move differently
Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to JAJL.
Explore JAJL Diversifiers