Innovator U.S. Equity Power Buffer ETF - January (PJAN) Alternatives

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to PJAN

PJAN charges 0.79% annually. Among ETFs in the Defined Outcome category, these options have the lowest expense ratios among PJAN alternatives.

Symbol	Name	Expense Ratio	Inception
FBUF	Fidelity Dynamic Buffered Equity ETF	0.48%	Apr 9, 2024	PJAN vs FBUF
SMAX	iShares Large Cap Max Buffer Sep ETF	0.50%	Sep 30, 2024	PJAN vs SMAX
DMAX	iShares Large Cap Max Buffer December ETF	0.50%	Dec 31, 2024	PJAN vs DMAX
MMAX	iShares Large Cap Max Buffer Mar ETF	0.50%	Mar 31, 2025	PJAN vs MMAX
PBFR	PGIM Laddered S&P 500 Buffer 20 ETF	0.50%	Jun 11, 2024	PJAN vs PBFR

Best Risk-Adjusted Alternatives to PJAN

Among ETFs in the Defined Outcome category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ZDEK	Innovator Equity Defined Protection ETF - 1 Yr Dec...	97	Dec 1, 2024	PJAN vs ZDEK
ZFEB	Innovator Equity Defined Protection ETF - 1 Yr Feb...	97	Feb 3, 2025	PJAN vs ZFEB
DMAX	iShares Large Cap Max Buffer December ETF	96	Dec 31, 2024	PJAN vs DMAX
ZMAR	Innovator Equity Defined Protection ETF - 1 Yr Mar...	96	Mar 3, 2025	PJAN vs ZMAR
ZJAN	Innovator Equity Defined Protection ETF - 1 Yr Jan...	95	Dec 31, 2024	PJAN vs ZJAN

Top Performing PJAN Alternatives (YTD)

PJAN alternatives from the Defined Outcome category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
KAPR	Innovator Russell 2000 Power Buffer ETF - April	3.19%	Mar 31, 2020	PJAN vs KAPR
IAPR	Innovator International Developed Power Buffer ETF...	2.69%	Mar 31, 2021	PJAN vs IAPR
FMAR	FT Vest U.S. Equity Buffer ETF - March	2.16%	Mar 19, 2021	PJAN vs FMAR
BAPR	Innovator U.S. Equity Buffer ETF - April	2.08%	Mar 29, 2019	PJAN vs BAPR
PSMR	Pacer Swan SOS Moderate (April) ETF	1.94%	Mar 31, 2021	PJAN vs PSMR

Lowest Volatility Alternatives to PJAN

PJAN alternatives from the Defined Outcome category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
ZMAY	Innovator Equity Defined Protection ETF - 1 Yr May	1.51%	May 1, 2025	PJAN vs ZMAY
ZJUN	Innovator Equity Defined Protection ETF - 1 Yr Jun...	1.91%	May 30, 2025	PJAN vs ZJUN
AIOO	AllianzIM U.S. Equity Buffer100 Protection ETF	1.99%	Jun 30, 2025	PJAN vs AIOO
MMAX	iShares Large Cap Max Buffer Mar ETF	2.61%	Mar 31, 2025	PJAN vs MMAX
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	2.62%	Apr 1, 2025	PJAN vs ZAPR

Lowest Drawdown Alternatives to PJAN

PJAN alternatives from the Defined Outcome category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
ZDEK	Innovator Equity Defined Protection ETF - 1 Yr Dec...	-1.57%	Dec 1, 2024	PJAN vs ZDEK
ZFEB	Innovator Equity Defined Protection ETF - 1 Yr Feb...	-1.73%	Feb 3, 2025	PJAN vs ZFEB
ZJAN	Innovator Equity Defined Protection ETF - 1 Yr Jan...	-1.87%	Dec 31, 2024	PJAN vs ZJAN
ZOCT	Innovator Equity Defined Protection ETF - 1 Yr Oct...	-1.91%	Oct 1, 2024	PJAN vs ZOCT
ZMAR	Innovator Equity Defined Protection ETF - 1 Yr Mar...	-1.92%	Mar 3, 2025	PJAN vs ZMAR

Other ETFs from Innovator

Most popular Innovator ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
BALT	Innovator Defined Wealth Shield ETF	Defined Outcome	86	-0.13%	Jun 30, 2021	PJAN vs BALT
FFTY	Innovator IBD 50 ETF	Large Cap Growth Equities	41	-4.02%	Apr 9, 2015	PJAN vs FFTY
BUFF	Innovator Laddered Allocation Power Buffer ETF	Defined Outcome	77	-0.90%	Oct 20, 2016	PJAN vs BUFF
LOUP	Innovator Deepwater Frontier Tech ETF	Technology Equities	80	-9.90%	Jul 24, 2018	PJAN vs LOUP
SFLR	Innovator Equity Managed Floor ETF	Options Trading	72	-3.85%	Nov 8, 2022	PJAN vs SFLR
PJUL	Innovator U.S. Equity Power Buffer ETF - July	Defined Outcome	84	-1.00%	Aug 7, 2018	PJAN vs PJUL
POCT	Innovator U.S. Equity Power Buffer ETF October	Defined Outcome	68	-1.84%	Sep 28, 2018	PJAN vs POCT
UAUG	Innovator U.S. Equity Ultra Buffer ETF - August	Defined Outcome	83	-1.44%	Jul 31, 2019	PJAN vs UAUG
BOUT	Innovator IBD Breakout Opportunities ETF	Mid Cap Growth Equities	25	8.23%	Sep 13, 2018	PJAN vs BOUT
QFLR	Innovator Nasdaq-100 Managed Floor ETF	Options Trading	90	-2.86%	Jan 24, 2024	PJAN vs QFLR

Often Compared With PJAN

What investors most often compare with PJAN, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	PJAN vs SPY
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	PJAN vs VOO
BJAN	Innovator U.S. Equity Buffer ETF - January	Defined Outcome	69	-3.13%	Dec 31, 2018	PJAN vs BJAN
JEPI	JPMorgan Equity Premium Income ETF	Actively Managed, Dividend, Derivative Income	39	0.20%	May 20, 2020	PJAN vs JEPI
BUFR	FT Vest Laddered Buffer ETF	Defined Outcome, Actively Managed	76	-1.43%	Aug 10, 2020	PJAN vs BUFR
IVV	iShares Core S&P 500 ETF	S&P 500	65	-4.38%	May 15, 2000	PJAN vs IVV
VTI	Vanguard Total Stock Market ETF	Large Cap Blend Equities	65	-4.01%	Jun 27, 2016	PJAN vs VTI
XYLG	Global X S&P 500 Covered Call & Growth ETF	Derivative Income, S&P 500	59	-2.99%	Sep 18, 2020	PJAN vs XYLG
COWZ	Pacer US Cash Cows 100 ETF	Mid Cap Value Equities, Dividend	60	4.30%	Dec 16, 2016	PJAN vs COWZ
UJAN	Innovator U.S. Equity Ultra Buffer ETF - January	Defined Outcome	83	-1.73%	Dec 31, 2018	PJAN vs UJAN
GMAR	FT Cboe Vest U.S. Equity Moderate Buffer ETF - Mar...	Options Trading	82	1.83%	Mar 16, 2023	PJAN vs GMAR
EOCT	Innovator Emerging Markets Power Buffer ETF - Octo...	Options Trading	90	0.91%	Sep 30, 2021	PJAN vs EOCT
JULW	AllianzIM U.S. Large Cap Buffer20 Jul ETF	Options Trading	83	-0.79%	Jun 30, 2020	PJAN vs JULW
QQQ	Invesco QQQ ETF	Large Cap Growth Equities	69	-5.93%	Mar 10, 1999	PJAN vs QQQ
IGTR	Innovator Gradient Tactical Rotation Strategy ETF	Global Equities	51	1.03%	Nov 16, 2022	PJAN vs IGTR
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	Defined Outcome	86	1.71%	Mar 31, 2020	PJAN vs NAPR
NAUG	Innovator Growth-100 Power Buffer ETF	Defined Outcome	80	-2.10%	Jul 31, 2024	PJAN vs NAUG
INOV	Innovator International Developed Power Buffer ETF...	Options Trading	79	0.44%	Oct 31, 2023	PJAN vs INOV
CLOZ	Panagram Bbb-B Clo ETF	CLO	47	-1.92%	Jan 23, 2023	PJAN vs CLOZ
UAPR	Innovator U.S. Equity Ultra Buffer ETF - April	Defined Outcome	88	1.83%	Mar 29, 2019	PJAN vs UAPR

Compare PJAN with Any Fund or Stock

Compare PJAN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Innovator U.S. Equity Power Buffer ETF - January

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