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EJAN

GradeCNew York Stock Exchange Arca

Innovator Emerging Markets Power Buffer ETF - January

Buffered · Innovator · Inception 2020-01-01

$37.22−0.16 (−0.43%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 47 prints from 37.38 to 37.22. Range 37.20 to 37.38. Use the arrow keys to read each point.$37.25$37.30$37.35$37.4010 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$145M
1Y return
+12.7%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0M sh
NAV per share
$37.03
52W range
low $32.95high $37.38

The ETF.net EJAN Grade

C

53/ 100

Rank 4 of 16 in Emerging Markets Buffer⁠

Confidence Medium

Six-pillar profile for EJAN. Scores out of 100: Cost 37, Risk 53, Mission not scored, Tradability 77, Holdings not scored, Durability 88. Strongest: Durability (88). Weakest: Cost (37). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 37
    Category rank11/16 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 53
    Category rank8/14 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 77
    Category rank1/16 · top 6%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 88
    Category rank2/16 · top 13%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on EJAN

ETF.net Research

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.

Stated mandate

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

  1. 01The 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
  2. 02Live 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
  3. 03A 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
  4. 04January 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

  1. 01The 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
  2. 02Buffer 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
  3. 030.89% 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

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
113%
Largest holding
EEM 12/31/2026 0.55 C111.8%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—EEM 12/31/2026 0.55 C111.83%24,254$163M1
002—EEM 12/31/2026 54.71 P0.74%24,254$1M1
003—US BANK MMDA - USBGFS 9 09/01/20370.20%297,224$297K161

Showing 1–3 of 3 holdings

EJAN Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EJAN$11,266
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EJAN $11,266. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for EJAN. Periods over one year show the average yearly return.
PeriodEJAN
Year to date+10.6%
1 month+1.5%
3 months+3.4%
1 year+12.7%
3 years+10.6%per year
5 years+4.4%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EJAN
YearReturn barEJAN
2026 YTD+10.6%
2025+14.8%
2024+2.7%
2023+5.4%
2022−8.0%
2021−1.5%
2020+10.5%

History from Jan 2, 2020

EJAN in the news

ETF.net Research hasn’t filed on EJAN yet — coverage lands here as it’s written.

EJAN Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

EJAN Risk

How much the fund’s monthly returns vary, scaled to a year.
7.0%
Annualised · 36 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.70
vs 3-month T-bills · to Aug 2026
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.

The largest fall from a peak to the low that followed.
−20.1%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.41
vs its asset-class index
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

Expense ratio0.89%
  • The middle half of Emerging Markets Buffer funds
  • Median 0.89%

5 of the 14 Emerging Markets Buffer funds charge less.

EJAN costs $89.00 a year on $10,000. The median Emerging Markets Buffer fund costs $89.00.