Innovator Emerging Markets Power Buffer ETF - January
$37.20−0.11 (−0.28%)
- 0.89%
- $144M
- +13.0%
- 0M sh
- $37.30
- low $33.01high $37.60
The ETF.net EJAN Grade
C
Score 55 out of 100
- 4 of 16
Score 55 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.D37 out of 100Rank 8 of 16Mission
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.B55 out of 100Rank 8 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A85 out of 100Rank 1 of 16Holdings
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.A87 out of 100Rank 2 of 16
Our read on EJAN
CBuffer ETFs almost all point at the S&P 500. EJAN aims the same machinery at emerging markets: EEM exposure with the first 15% of losses absorbed over a 12-month outcome period that restarts every January, in exchange for a cap reset each year.
The fund seeks to track the iShares MSCI Emerging Markets ETF (EEM), subject to a predetermined upside cap, while buffering the first 15% of losses over the outcome period.
Why people hold it
- The buffer trade pointed at one of the bumpiest corners of equities: EEM upside to a cap, with the first 15% of losses over the outcome period absorbed by the options.innovatoretfs.com
- Live since 2020 and through multiple annual resets, including down years for foreign stocks. The mechanism has real mileage, not just a back-test.globenewswire.com
- A 1940 Act fund holding listed options, not a bank-issued note, so the defined outcome doesn't hang on one issuer's credit.innovatoretfs.com
- January isn't the only door in. Innovator runs EM buffer siblings EJUL and EBUF, so the reset date can be laddered instead of concentrated on one calendar day.
Worth knowing
- The options reference EEM's price, not total return, so emerging-market dividends sit outside the deal and the fund has no regular distribution schedule.innovatoretfs.com
- Buffer and cap are built for the full outcome period. Buy mid-period and your own downside cushion and remaining upside depend on where EEM has traveled since the reset.innovatoretfs.com
- 0.89% a year, matching the buffer-fund median but far above a plain EM index fund. Volume also runs light next to the big US-equity buffer names, so spreads can widen.
EJAN Holdings
- Stocks
- 3
- 108%
- Eem 12/31/2026 0.55 C
Sectors
- Technology44.2%
- Financials19.2%
- Consumer Discretionary7.5%
- Industrials6.0%
- Communication5.9%
- Materials5.7%
- Energy3.5%
- Health Care2.8%
- Consumer Staples2.4%
- Utilities1.8%
- Real Estate0.9%
EJAN 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.
EJAN$11,296
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 | EJAN |
|---|---|
| Year to date | +10.4% |
| 1 month | +0.5% |
| 3 months | +4.0% |
| 1 year | +13.0% |
| 3 years | +10.8% |
| 5 years | +4.5% |
| 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 | EJAN |
|---|---|---|
| 2026 YTD | +10.4% | |
| 2025 | +14.8% | |
| 2024 | +2.7% | |
| 2023 | +5.4% | |
| 2022 | −8.0% | |
| 2021 | −1.5% | |
| 2020 | +10.5% |
EJAN in the news
EJAN Dividends
No distributions in the last 12 months.
EJAN Risk
- 6.8%
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.
- 0.88
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.
- −20.1%
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.
- 0.41
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EJAN Cost
0.89%
EJAN0.89%
- The middle half of Emerging Markets Buffer funds
- Median 0.89%
5 of the 14 Emerging Markets Buffer funds charge less.
Other funds in Emerging Markets Buffer
- BEBUFInnovator Emerging Markets 10 Buffer ETFExpense ratio 0.89%1 year return +14.4%
- BEOCTInnovator Emerging Markets Power Buffer ETFExpense ratio 0.89%1 year return +15.1%
- CEJULInnovator Emerging Markets Power Buffer ETFExpense ratio 0.89%1 year return +9.1%
- CEAPRInnovator Emerging Markets Power Buffer ETF - AprilExpense ratio 0.89%1 year return +16.8%
- CEMJLCorgi ETF Trust I - Corgi Emerging Markets Equities 15% Structured Buffer ETF - July SeriesExpense ratio 0.30%1 year return —