Innovator Equity Defined Protection ETF - 1 Yr January (ZJAN) 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 ZJAN. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ZJAN
ZJAN charges 0.79% annually. There are 89 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | ZJAN vs APRB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | ZJAN vs JULB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | ZJAN vs OCTB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | ZJAN vs JANB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | ZJAN vs FBUF |
Best Risk-Adjusted Alternatives to ZJAN
ZJAN has a PortfoliosLab risk / return rank of 94. There are 40 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 | ZJAN vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | ZJAN vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | ZJAN vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | ZJAN vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 133.76M | Mar 2021 | ZJAN vs XBAP |
Top Performing ZJAN Alternatives (YTD)
ZJAN is at 2.10% YTD. There are 236 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 | ZJAN vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.02% | — | Jan 2025 | ZJAN vs KFEB | |
| FT Vest Emerging Markets Buffer ETF - March | 12.46% | — | Mar 2025 | ZJAN vs TMAR | |
| Innovator Russell 2000 Power Buffer ETF - April | 12.34% | 216.78M | Mar 2020 | ZJAN vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 11.40% | 563.55M | Mar 2021 | ZJAN vs QMAR |
Lowest Volatility Alternatives to ZJAN
ZJAN has 2.07% 1-year volatility. There are 20 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.18% | — | Mar 2025 | ZJAN vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.22% | — | Apr 2025 | ZJAN vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.30% | — | Apr 2025 | ZJAN vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.36% | 19.60M | Apr 2025 | ZJAN vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.43% | — | Mar 2025 | ZJAN vs MMAX |
Lowest Drawdown Alternatives to ZJAN
ZJAN has a 1-year max drawdown of -1.36%. There are 29 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 | ZJAN vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | ZJAN vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | ZJAN vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | ZJAN vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.30M | May 2024 | ZJAN vs CPSM |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 5 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 | 94 | 2.21% | 2.53B | Jun 2021 | ZJAN vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 30 | 20.94% | 89.40M | Apr 2015 | ZJAN vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 85 | 4.91% | 869.51M | Oct 2016 | ZJAN vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 49 | 3.43% | 2.04B | Nov 2022 | ZJAN vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 60 | 21.99% | 214.23M | Jul 2018 | ZJAN vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 77 | 4.57% | 1.48B | Jan 2019 | ZJAN vs PJAN | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 96 | 10.04% | 404.13M | Mar 2019 | ZJAN vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 90 | 4.80% | 997.06M | Aug 2018 | ZJAN vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 54 | 3.27% | 524.53M | Jan 2024 | ZJAN vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 74 | 4.83% | 969.70M | Sep 2018 | ZJAN vs POCT |
Often Compared With ZJAN
Investors most often compare ZJAN with ZDEK, ZOCT, XBJA. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare ZJAN with Any Fund or Stock
Compare ZJAN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ZJAN with funds that move differently
Innovator Equity Defined Protection ETF - 1 Yr January alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZJAN.
Explore ZJAN Diversifiers