Innovator U.S. Equity Buffer ETF
$56.20+0.01 (+0.01%)
- 0.79%
- $364M
- +14.7%
- 0M sh
- $56.21
- low $48.45high $56.30
The ETF.net BJUL Grade
C
Score 56 out of 100
- 23 of 77
Score 56 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.C40 out of 100Rank 34 of 77Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 26 of 76Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A79 out of 100Rank 7 of 77Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A84 out of 100Rank 7 of 77
Our read on BJUL
CRunning since 2018, BJUL keeps a July clock: it absorbs the first 9% of the reference S&P 500 ETF's losses over each 12-month outcome period, in exchange for a cap on the upside.
BJUL seeks to match the return of the SPDR S&P 500 ETF Trust, subject to an upside cap, while protecting against the first 9% of losses during the annual outcome period.
Why people hold it
- The deal in one line: the first 9% of the reference S&P 500 ETF's decline is absorbed over the outcome period, and gains above a cap set at each July reset are given up.
- Live since 2018, so it carries many completed annual resets rather than a single-cycle history, which is rare in a category mostly built after it.
- Among dozens of shallow-buffer funds wrapped around the same S&P 500 ETF, this one lands in the upper half of the group on our review.
Worth knowing
- The 9% cushion and the cap belong to the full outcome period. Step in mid-period and you get whatever protection and upside room remain, not the headline terms.
- At 0.79% a year it sits right at the buffer-fund median, and relatives like ZALT (0.69%) and the laddered BUFB (0.10%) run cheaper.
- Volume is light, so spreads deserve a look before trading, and regular distributions are not part of the package; the payoff shows up in the share price.
BJUL Holdings
- Stocks
- 3
- 103%
- Spy 06/30/2027 7.48 C
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
BJUL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
BJUL$11,473
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BJUL |
|---|---|
| Year to date | +10.7% |
| 1 month | +1.5% |
| 3 months | +2.7% |
| 1 year | +14.7% |
| 3 years | +17.3% |
| 5 years | +12.1% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BJUL |
|---|---|---|
| 2026 YTD | +10.7% | |
| 2025 | +13.9% | |
| 2024 | +18.4% | |
| 2023 | +21.7% | |
| 2022 | −7.4% | |
| 2021 | +10.8% | |
| 2020 | +9.0% |
BJUL in the news
Filings Digest
AllianzIM launches OCTI and resets October buffer terms
BJUL Dividends
No distributions in the last 12 months.
BJUL Risk
- 8.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.41
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −14.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.66
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BJUL Cost
0.79%
BJUL0.79%
- The middle half of S&P 500 Buffer 9-12% funds
- Median 0.79%
33 of the 77 S&P 500 Buffer 9-12% funds charge less.
Other funds in S&P 500 Buffer 9-12%
- BPJUNInnovator U.S. Equity Power Buffer ETF - JuneExpense ratio 0.79%1 year return +9.1%
- BSIXPAllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETFExpense ratio 0.74%1 year return +14.3%
- BFEBTAllianzIM U.S. Equity Buffer10 Feb ETFExpense ratio 0.74%1 year return +16.3%
- BAUGTAllianzIM U.S. Equity Buffer10 Aug ETFExpense ratio 0.74%1 year return +15.4%
- BDECTAllianzIM U.S. Equity Buffer10 Dec ETFExpense ratio 0.74%1 year return +17.2%