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EJUL

GradeCNew York Stock Exchange Arca

Innovator Emerging Markets Power Buffer ETF

Buffered · Innovator · Inception 2019-07-01

$31.55−0.39 (−1.22%)

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

Intraday session: down, 48 prints from 31.95 to 31.55. Range 31.48 to 31.95. Use the arrow keys to read each point.$31.80$32.0010 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$214M
1Y return
+10.5%
Yield · Last 12 months
0.00%
Holdings
6
Volume · 30D
0.1M sh
NAV per share
$31.30
52W range
low $28.52high $32.06

The ETF.net EJUL Grade

C

52/ 100

Rank 5 of 16 in Emerging Markets Buffer⁠

Confidence Low

Six-pillar profile for EJUL. Scores out of 100: Cost 37, Risk 60, Mission not scored, Tradability 64, Holdings not scored, Durability 93. Strongest: Durability (93). Weakest: Cost (37). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 52 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 rank12/16 · bottom quartile

  • 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.
    BScore 60
    Category rank6/14 · top 43%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 64
    Category rank4/16 · top 25%

  • 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 93
    Category rank1/16 · top 6%

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

Our read on EJUL

ETF.net Research

CBuffered downside is easy to find on the S&P 500. EJUL does it on emerging markets: it tracks EEM up to a cap and absorbs the first 15% of losses over a 12-month outcome period that resets every July.

Stated mandate

The Fund seeks to match the return of the iShares MSCI Emerging Markets ETF over the outcome period, subject to a stated upside cap and protection against the first 15% of losses.

Why people hold it

  1. 01The trade is written into the fund's own documents: the first 15% of EEM's decline over the outcome period is absorbed before losses reach you.innovatoretfs.com
  2. 02Emerging markets is thin ground for defined-outcome funds. Innovator's EEM-linked series (EJUL, EJAN, EBUF) is one of the few places this structure exists at all.
  3. 03Running since 2019, and a plain 1940 Act ETF: no K-1, no bank note behind it, unlike the structured products that sell the same payoff shape.innovatoretfs.com
  4. 04One of the easier funds in its buffer peer group to get in and out of, which matters in a category where trading costs can quietly eat the buffer.

Worth knowing

  1. 01Buffer and cap are designed around a full July-to-June period. Buy mid-period and you inherit whatever buffer and upside are left, not the headline terms.innovatoretfs.com
  2. 02Upside stops at the cap reset each July, so a runaway emerging markets rally leaves gains on the table. Protection is bought with ceiling.
  3. 030.89% a year: median for buffer funds, but many multiples of a plain emerging markets index fund. And it's built for price return, not income.

EJUL Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
104%
Largest holding
EEM 06/30/2027 0.68 C96.8%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—EEM 06/30/2027 0.68 C96.78%31,335$210M1
002—EEM 06/30/2027 68.41 P7.29%31,335$16M1
003—US BANK MMDA - USBGFS 9 09/01/20370.22%471,392$471K161

Showing 1–3 of 3 holdings

EJUL Performance

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

EJUL$11,046
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. EJUL $11,046. 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 EJUL. Periods over one year show the average yearly return.
PeriodEJUL
Year to date+7.7%
1 month+2.0%
3 months+2.4%
1 year+10.5%
3 years+12.2%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 EJUL
YearReturn barEJUL
2026 YTD+7.7%
2025+20.2%
2024+4.4%
2023+3.5%
2022−10.9%
2021−2.4%
2020+1.1%

EJUL in the news

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

EJUL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2019

One bar per payment. 1 payment in 2019. Nov 19, 2019 $0.17. Use the arrow keys to read each point.2019
Ex-datePay dateAmount per share
Nov 19, 2019Nov 21, 2019$0.17

EJUL Risk

How much the fund’s monthly returns vary, scaled to a year.
7.2%
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.
0.88
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.
−19.8%
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.
0.39
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.

EJUL 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.

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