Innovator U.S. Equity Ultra Buffer ETF - January (UJAN) 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 UJAN. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UJAN
UJAN charges 0.79% annually. There are 93 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 | UJAN vs JANB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | UJAN vs OCTB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | UJAN vs APRB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | UJAN vs JULB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | UJAN vs FBUF |
Best Risk-Adjusted Alternatives to UJAN
UJAN has a PortfoliosLab risk / return rank of 86. There are 113 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 | UJAN vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | UJAN vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | UJAN vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | UJAN vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | UJAN vs XBAP |
Top Performing UJAN Alternatives (YTD)
UJAN is at 5.24% YTD. There are 166 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 | UJAN vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.85% | — | Jan 2025 | UJAN vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.22% | 214.51M | Mar 2020 | UJAN vs KAPR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.42% | 2.84M | Jun 2025 | UJAN vs QB | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.12% | 568.10M | Mar 2021 | UJAN vs QMAR |
Lowest Volatility Alternatives to UJAN
UJAN has 5.27% 1-year volatility. There are 110 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | UJAN vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.25% | — | Apr 2025 | UJAN vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | UJAN vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.36% | 19.60M | Apr 2025 | UJAN vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | UJAN vs MMAX |
Lowest Drawdown Alternatives to UJAN
UJAN has a 1-year max drawdown of -3.98%. There are 119 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 | UJAN vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | UJAN vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | UJAN vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | UJAN vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | UJAN 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 | 96 | 2.78% | 2.68B | Jun 2021 | UJAN vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 20 | 10.34% | 89.40M | Apr 2015 | UJAN vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 6.20% | 891.58M | Oct 2016 | UJAN vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 55 | 5.31% | 2.12B | Nov 2022 | UJAN vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 50 | 17.46% | 221.95M | Jul 2018 | UJAN vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 83 | 5.95% | 1.47B | Jan 2019 | UJAN vs PJAN | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 11.99% | 22.82M | Apr 2021 | UJAN vs XTAP | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.52% | 404.39M | Mar 2019 | UJAN vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 87 | 5.43% | 1.12B | Aug 2018 | UJAN vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 48 | 3.53% | 543.68M | Jan 2024 | UJAN vs QFLR |
Often Compared With UJAN
Investors most often compare UJAN with SPY, ANCFX, EAPR. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare UJAN with Any Fund or Stock
Compare UJAN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UJAN with funds that move differently
Innovator U.S. Equity Ultra Buffer ETF - January alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UJAN.
Explore UJAN Diversifiers