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IJAN

GradeCNew York Stock Exchange Arca

Innovator International Developed Power Buffer ETF - January

Buffered · Innovator · Inception 2020-01-01

$38.72−0.31 (−0.81%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: down, 58 prints from 39.03 to 38.72. Range 38.59 to 39.03. Use the arrow keys to read each point.$38.60$38.80$38.90$39.0010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$234M
1Y return
+11.2%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0M sh
NAV per share
$38.64
52W range
low $34.90high $39.26

The ETF.net IJAN Grade

C

48/ 100

Rank 12 of 26 in Developed International Buffer 15%⁠

Confidence Medium

Six-pillar profile for IJAN. Scores out of 100: Cost 38, Risk 38, Mission not scored, Tradability 66, Holdings not scored, Durability 86. Strongest: Durability (86). Weakest: Risk (38). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 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 38
    Category rank15/26 · 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.
    DScore 38
    Category rank19/23 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 66
    Category rank9/26 · top 35%

  • 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 86
    Category rank3/26 · top 12%

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

Our read on IJAN

ETF.net Research

CMost buffer ETFs babysit the S&P 500. IJAN aims the same machinery overseas: it tracks the iShares MSCI EAFE ETF up to a cap while absorbing the first 15% of losses over a one-year window that resets each January.

Stated mandate

The fund seeks to track the return of the iShares MSCI EAFE ETF, subject to a predetermined cap, while protecting against the first 15% of losses during the outcome period.

Why people hold it

  1. 01The 15% buffer is written into the fund's own terms: across each outcome period it is designed to absorb the first 15% of the reference ETF's losses before shareholders take any.innovatoretfs.com
  2. 02Costs 0.85% a year, level with the typical fund in its international buffer group. Options-based payoffs run pricier than plain index exposure, but this one is not an outlier.
  3. 03Clean annual calendar: one outcome period, January through December, with cap and buffer reset at the top of the year. Nothing to roll month to month.
  4. 04Running since 2020, so the reset mechanics have already cycled through multiple complete outcome periods rather than a single test run.

Worth knowing

  1. 01The stated cap and 15% buffer apply over a full outcome period. Enter mid-year and you get whatever cushion and upside remain, which Innovator posts on the fund page.innovatoretfs.com
  2. 02Upside is capped by design, and distributions have not been part of the picture. The cushion is paid for with surrendered rally and income.
  3. 03Thinly traded, so spreads can run wider than on mainstream ETFs. The same strategy also runs on a twelve-month rotation (IAPR, IJUL, IOCT), and the January edition lands in the lower half of that group.

IJAN Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
102%
Largest holding
EFA 12/31/2026 0.96 C101.2%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—EFA 12/31/2026 0.96 C101.21%22,785$238M1
002—EFA 12/31/2026 96.03 P0.75%22,785$2M1
003—US BANK MMDA - USBGFS 9 09/01/20370.23%546,635$547K161

Showing 1–3 of 3 holdings

IJAN Performance

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

IJAN$11,121
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. IJAN $11,121. 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 IJAN. Periods over one year show the average yearly return.
PeriodIJAN
Year to date+8.0%
1 month+0.0%
3 months+2.3%
1 year+11.2%
3 years+11.5%per year
5 years+7.7%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 IJAN
YearReturn barIJAN
2026 YTD+8.0%
2025+19.6%
2024−0.6%
2023+13.8%
2022−2.5%
2021+7.3%
2020+3.5%

History from Jan 2, 2020

IJAN in the news

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

IJAN Dividends

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

No distributions in the last 12 months.

IJAN Risk

How much the fund’s monthly returns vary, scaled to a year.
8.2%
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.
0.73
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.
−16.7%
Trough Sep 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.
0.43
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.

IJAN Cost

Expense ratio0.85%
  • The middle half of Developed International Buffer 15% funds
  • Median 0.85%

10 of the 26 Developed International Buffer 15% funds charge less.

IJAN costs $85.00 a year on $10,000. The median Developed International Buffer 15% fund costs $85.00.