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Innovator U.S. Equity Accelerated 9 Buffer ETF - J...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Innovator U.S. Equity Accelerated 9 Buffer ETF - January (XBJA)

ETF · Currency in USD · Last updated Apr 1, 2026

The Innovator U.S. Equity Accelerated 9 Buffer ETF aims to double the returns of the SPDR S&P 500 ETF Trust (SPY), up to a certain cap, while limiting the downside exposure to single exposure over a one-year period. It offers a buffer against the first 9% of losses and can be reset annually. Full benefits are only realized if shares are held from the start to the end of the one-year outcome period, with no guarantee of achieving its objectives. Those buying shares mid-period face increased risks.

ETF Info

Issuer
Innovator
Inception Date
Dec 31, 2021
Category
Defined Outcome
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
United States
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart

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Innovator U.S. Equity Accelerated 9 Buffer ETF - January

Often compared with XBJA:
XBJA vs. SCHGXBJA vs. VOOXBJA vs. JEPIXBJA vs. DGTXBJA vs. PJULXBJA vs. XBAPXBJA vs. FFTYXBJA vs. POCTXBJA vs. ZJANXBJA vs. EAPRMore XBJA alternatives

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Innovator U.S. Equity Accelerated 9 Buffer ETF - January, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

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S&P 500 Index

Returns By Period

Innovator U.S. Equity Accelerated 9 Buffer ETF - January (XBJA) has returned -2.16% so far this year and 10.80% over the past 12 months.

Innovator U.S. Equity Accelerated 9 Buffer ETF - January

1D
2.11%
1M
-2.78%
YTD
-2.16%
6M
-0.04%
1Y
10.80%
3Y*
10.29%
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jan 3, 2022, XBJA's average daily return is +0.02%, while the average monthly return is +0.50%. At this rate, your investment would double in approximately 11.6 years.

Historically, 69% of months were positive and 31% were negative. The best month was Jul 2022 with a return of +7.2%, while the worst month was Sep 2022 at -7.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.

On a daily basis, XBJA closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +7.2%, while the worst single day was Apr 4, 2025 at -4.7%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.91%-0.27%-2.78%-2.16%
20251.62%-0.32%-3.13%-0.41%4.29%2.79%1.38%1.14%1.26%0.76%0.74%0.65%11.12%
20241.28%2.05%1.30%-0.98%2.56%1.03%0.51%1.02%0.85%0.04%1.16%0.31%11.68%
20235.00%-0.77%2.18%1.32%0.95%3.09%1.11%0.34%-0.68%-0.35%3.56%0.76%17.62%
2022-3.54%-2.00%2.97%-6.67%0.69%-6.23%7.16%-2.56%-7.60%7.04%4.90%-4.97%-11.69%

Benchmark Metrics

Innovator U.S. Equity Accelerated 9 Buffer ETF - January has an annualized alpha of 0.65%, beta of 0.63, and R² of 0.88 versus S&P 500 Index. Calculated based on daily prices since January 04, 2022.

  • This ETF participated in 59.02% of S&P 500 Index downside but only 53.86% 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
0.65%
Beta
0.63
R²
0.88
Upside Capture
53.86%
Downside Capture
59.02%

Expense Ratio

XBJA has an expense ratio of 0.79%, placing it in the medium range.

Return for Risk

Risk / Return Rank

XBJA ranks 55 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

XBJA Risk / Return Rank: 5555
Overall Rank
XBJA Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
XBJA Sortino Ratio Rank: 4949
Sortino Ratio Rank
XBJA Omega Ratio Rank: 7070
Omega Ratio Rank
XBJA Calmar Ratio Rank: 4343
Calmar Ratio Rank
XBJA Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Innovator U.S. Equity Accelerated 9 Buffer ETF - January (XBJA) and compare them to a chosen benchmark (S&P 500 Index).

XBJABenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.88

0.90

-0.02

Sortino ratio

Return per unit of downside risk

1.38

1.39

-0.01

Omega ratio

Gain probability vs. loss probability

1.27

1.21

+0.06

Calmar ratio

Return relative to maximum drawdown

1.15

1.40

-0.24

Martin ratio

Return relative to average drawdown

6.80

6.61

+0.19

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore XBJA risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

XBJA Sortino RatioXBJA Sharpe Ratio

Dividends

Dividend History

Innovator U.S. Equity Accelerated 9 Buffer ETF - January doesn't pay dividends

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. Equity Accelerated 9 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. Equity Accelerated 9 Buffer ETF - January was 17.42%, occurring on Oct 12, 2022. Recovery took 193 trading sessions.

The current Innovator U.S. Equity Accelerated 9 Buffer ETF - January drawdown is 3.34%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-17.42%Jan 4, 2022195Oct 12, 2022193Jul 21, 2023388
-12.57%Feb 21, 202533Apr 8, 202538Jun 3, 202571
-5.33%Feb 26, 202623Mar 30, 2026———
-3.4%Jul 17, 202414Aug 5, 20248Aug 15, 202422
-3.21%Sep 15, 202331Oct 27, 20234Nov 2, 202335

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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