- ISIN
- US45782C4740
- CUSIP
- 45782C474
- Issuer
- Innovator
- Inception Date
- Dec 31, 2019
- Region
- Global (Broad)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares Russell 2000 ETF
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $334M
Share Price Chart
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Performance
KJAN Performance Chart
Innovator U.S. Small Cap Power Buffer ETF - January (KJAN) is up 9.5% since the beginning of the year. KJAN is currently trading at $45 per share. Investors who bought $1,000 worth of KJAN shares 5 years ago would now be looking at an investment worth $1,449.
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Returns By Period
Innovator U.S. Small Cap Power Buffer ETF - January (KJAN) has returned 9.48% so far this year and 22.34% over the past 12 months.
Innovator U.S. Small Cap Power Buffer ETF - January
- 1D
- -0.20%
- 1M
- 1.51%
- YTD
- 9.48%
- 6M
- 6.97%
- 1Y
- 22.34%
- 3Y*
- 13.37%
- 5Y*
- 7.70%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
KJAN Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2020, KJAN's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was Dec 2023 with a return of +11.4%, while the worst month was Mar 2020 at -13.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, KJAN closed higher 53% of trading days. The best single day was Apr 6, 2020 with a return of +6.7%, while the worst single day was Mar 12, 2020 at -8.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.73% | 0.21% | -2.15% | 5.73% | 1.87% | 0.91% | 9.48% | ||||||
| 2025 | 1.93% | -2.63% | -3.59% | -1.40% | 3.09% | 3.17% | 1.00% | 4.31% | 2.20% | 1.38% | 1.25% | -0.00% | 10.90% |
| 2024 | -1.98% | 2.85% | 2.25% | -3.48% | 2.90% | -0.63% | 5.41% | -0.03% | 0.76% | -0.49% | 7.14% | -5.49% | 8.86% |
| 2023 | 6.03% | -0.55% | -2.57% | -0.52% | -0.75% | 5.41% | 3.70% | -3.04% | -4.47% | -3.78% | 4.23% | 11.36% | 14.71% |
| 2022 | -5.22% | 0.42% | 1.31% | -5.74% | 0.69% | -4.73% | 6.39% | -0.64% | -5.65% | 7.49% | 2.64% | -3.78% | -7.69% |
| 2021 | 0.55% | 2.48% | 1.87% | 1.03% | 0.81% | 0.69% | -0.98% | 1.27% | -0.54% | 1.84% | -1.46% | 3.69% | 11.72% |
Benchmark Metrics
Innovator U.S. Small Cap Power Buffer ETF - January has an annualized alpha of -0.01%, beta of 0.63, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since January 02, 2020.
- This ETF participated in 72.28% of S&P 500 Index downside but only 60.16% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.63 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
- -0.01%
- Beta
- 0.63
- R²
- 0.71
- Upside Capture
- 60.16%
- Downside Capture
- 72.28%
Expense Ratio
KJAN has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KJAN ranks 76 for risk / return — better than 76% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF - January (KJAN) 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.
| KJAN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 2.46 | +1.68 |
| Martin ratioReturn relative to average drawdown | 14.61 | 10.92 | +3.69 |
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 U.S. Small Cap Power 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. Small Cap Power Buffer ETF - January was 28.94%, occurring on Mar 18, 2020. Recovery took 143 trading sessions.
The current Innovator U.S. Small Cap Power Buffer ETF - January drawdown is 0.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -28.94%Mar 2020 | 27d | 6mo 25d | 7mo 22dFeb 2020 - Oct 2020 |
2025 selloff2025 | -16.83%Apr 2025 | 4mo 4d | 4mo 22d | 8mo 26dDec 2024 - Aug 2025 |
Bear market2022 | -15.23%Jun 2022 | 5mo 13d | 1y 27d | 1y 6moJan 2022 - Jul 2023 |
2023 correction2023 | -11.38%Oct 2023 | 2mo 27d | 1mo 18d | 4mo 15dAug 2023 - Dec 2023 |
2025 pullback2025 | -5.42%Nov 2025 | 23d | 8d | 1mo 1dOct 2025 - Nov 2025 |
Drawdown Indicators
| KJAN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.94% | -56.78% | +27.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -9.10% | +3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -18.90% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -16.83% | -25.43% | +8.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.20% | -3.21% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -10.71% | +6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 2.04% | -0.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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