Innovator U.S. Equity Buffer ETF
$50.33−0.07 (−0.14%)
- 0.79%
- $246M
- +11.4%
- 0.1M sh
- $50.36
- low $45.27high $50.48
The ETF.net BJUN Grade
C
Score 52 out of 100
- 31 of 77
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
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.C54 out of 100Rank 33 of 76Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B68 out of 100Rank 19 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.A80 out of 100Rank 17 of 77
Our read on BJUN
CA one-year seatbelt on the S&P 500. BJUN absorbs the first 9% of SPY's losses and tracks it upward to a preset cap, then resets each June 1 with a fresh cap and a fresh buffer.
The fund seeks to match the return of SPY up to a predetermined cap while protecting investors from the first 9% of losses during the outcome period.
Why people hold it
- Terms are defined up front: it aims to absorb the first 9% of an SPY decline over the 12-month outcome period, matching gains up to a cap set at the start.innovatoretfs.com
- It is a plain 1940 Act ETF built from options on SPY, not a bank-issued note, so no single issuer's credit sits between you and the payoff.innovatoretfs.com
- Running since June 2019, so the June series has cycled through many annual resets, and it stands in the upper half of a crowded shallow-buffer field.
- Trades with less friction than much of the dated-buffer group, which matters when you choose your own entry and exit rather than the fund's.
Worth knowing
- The cap is what you hand over for the cushion, and it is struck fresh each June 1. You do not know the new ceiling until the period begins.innovatoretfs.com
- Buffer and cap are measured across the full outcome period. Step in midstream and you get whatever protection and upside are left, not the headline 9%.innovatoretfs.com
- 0.79% a year is the going rate in this group, not the floor: laddered BUFB runs 0.10% and quarterly-reset ZALT 0.69%. This line also pays no regular distributions.
BJUN Holdings
- Stocks
- 3
- 102%
- Spy 05/28/2027 7.58 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%
BJUN 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.
BJUN$11,140
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 | BJUN |
|---|---|
| Year to date | +7.9% |
| 1 month | +1.6% |
| 3 months | +2.8% |
| 1 year | +11.4% |
| 3 years | +14.9% |
| 5 years | +8.9% |
| 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 | BJUN |
|---|---|---|
| 2026 YTD | +7.9% | |
| 2025 | +12.6% | |
| 2024 | +16.3% | |
| 2023 | +16.8% | |
| 2022 | −11.5% | |
| 2021 | +10.7% | |
| 2020 | +10.1% |
BJUN in the news
Filings Digest
AllianzIM launches OCTI and resets October buffer terms
BJUN Dividends
No distributions in the last 12 months.
BJUN Risk
- 7.3%
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.
- 1.33
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.
- −16.7%
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.
- 0.56
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BJUN Cost
0.79%
BJUN0.79%
- 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%
- CSIXFAllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETFExpense ratio 0.74%1 year return +15.5%
- CBAPRInnovator U.S. Equity Buffer ETFExpense ratio 0.79%1 year return +18.3%
- CBMARInnovator U.S. Equity Buffer ETFExpense ratio 0.79%1 year return +17.1%
- CBOCTInnovator U.S. Equity Buffer ETFExpense ratio 0.79%1 year return +17.0%
- CBAUGInnovator U.S. Equity Buffer ETFExpense ratio 0.79%1 year return +15.9%