Innovator U.S. Equity Power Buffer ETF - January (PJAN) 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 PJAN. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PJAN
PJAN charges 0.79% annually. There are 92 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | PJAN vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | PJAN vs APRB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | PJAN vs JANB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | PJAN vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | PJAN vs FBUF |
Best Risk-Adjusted Alternatives to PJAN
PJAN has a PortfoliosLab risk / return rank of 83. There are 146 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 | PJAN vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | PJAN vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | PJAN vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | PJAN vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | PJAN vs XBAP |
Top Performing PJAN Alternatives (YTD)
PJAN is at 5.59% YTD. There are 142 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | PJAN vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.34% | — | Jan 2025 | PJAN vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 12.71% | 214.51M | Mar 2020 | PJAN vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.33% | 568.10M | Mar 2021 | PJAN vs QMAR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.15% | 2.84M | Jun 2025 | PJAN vs QB |
Lowest Volatility Alternatives to PJAN
PJAN has 5.88% 1-year volatility. There are 142 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.16%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.16% | — | Mar 2025 | PJAN vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | PJAN vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | PJAN vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | PJAN vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | PJAN vs MMAX |
Lowest Drawdown Alternatives to PJAN
PJAN has a 1-year max drawdown of -4.63%. There are 148 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | PJAN vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | PJAN vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | PJAN vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | PJAN vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | PJAN vs CPSM |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 6 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 95 | 2.57% | 2.68B | Jun 2021 | PJAN vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 26 | 12.47% | 89.40M | Apr 2015 | PJAN vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 5.94% | 891.58M | Oct 2016 | PJAN vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 56 | 5.15% | 2.12B | Nov 2022 | PJAN vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 58 | 20.34% | 221.95M | Jul 2018 | PJAN vs LOUP | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 11.77% | 22.82M | Apr 2021 | PJAN vs XTAP | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.27% | 404.39M | Mar 2019 | PJAN vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 87 | 5.32% | 1.12B | Aug 2018 | PJAN vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 55 | 4.38% | 543.68M | Jan 2024 | PJAN vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 79 | 6.01% | 967.98M | Sep 2018 | PJAN vs POCT |
Often Compared With PJAN
Investors most often compare PJAN with SPY, BJAN, VOO. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare PJAN with Any Fund or Stock
Compare PJAN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PJAN with funds that move differently
Innovator U.S. Equity Power Buffer ETF - January alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PJAN.
Explore PJAN Diversifiers