Innovator International Developed Power Buffer ETF - January
$38.37+0.06 (+0.17%)
- 0.85%
- $229M
- +9.3%
- 0M sh
- $38.26
- low $35.00high $39.26
The ETF.net IJAN Grade
C
Score 50 out of 100
- 11 of 26
Score 50 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.D38 out of 100Rank 11 of 26Mission
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.D37 out of 100Rank 20 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A76 out of 100Rank 6 of 26Holdings
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.A86 out of 100Rank 2 of 26
Our read on IJAN
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.
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
- The 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
- Costs 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.
- Clean 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.
- Running since 2020, so the reset mechanics have already cycled through multiple complete outcome periods rather than a single test run.
Worth knowing
- The 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
- Upside is capped by design, and distributions have not been part of the picture. The cushion is paid for with surrendered rally and income.
- Thinly 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
- Stocks
- 3
- 101%
- Efa 12/31/2026 0.96 C
Sectors
- Financials26.1%
- Industrials18.7%
- Technology12.0%
- Health Care10.1%
- Consumer Discretionary7.1%
- Consumer Staples6.4%
- Materials5.8%
- Communication4.7%
- Energy4.0%
- Utilities3.6%
- Real Estate1.5%
IJAN 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.
IJAN$10,933
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 | IJAN |
|---|---|
| Year to date | +5.9% |
| 1 month | −1.6% |
| 3 months | +0.4% |
| 1 year | +9.3% |
| 3 years | +11.2% |
| 5 years | +7.5% |
| 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 | IJAN |
|---|---|---|
| 2026 YTD | +5.9% | |
| 2025 | +19.6% | |
| 2024 | −0.6% | |
| 2023 | +13.8% | |
| 2022 | −2.5% | |
| 2021 | +7.3% | |
| 2020 | +3.5% |
IJAN in the news
Week in Funds
ZOCT paid its cap, then reset at 9.43%
IJAN Dividends
No distributions in the last 12 months.
IJAN Risk
- 8.0%
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.
- 0.82
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.
- 0.42
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
0.85%
IJAN0.85%
- The middle half of Developed International Buffer 15% funds
- Median 0.85%
10 of the 26 Developed International Buffer 15% funds charge less.
Other funds in Developed International Buffer 15%
- CIJUNInnovator International Developed Power Buffer ETF - JuneExpense ratio 0.85%1 year return +10.4%
- CQBIVAIM ETF Products Trust - AllianzIM International Equity Buffer5 ETFExpense ratio 0.74%1 year return —
- CINOVInnovator Intl Developed Power Buffer ETFExpense ratio 0.85%1 year return +9.9%
- CIDECInnovator Intl Developed Power Buffer ETFExpense ratio 0.85%1 year return +11.0%
- CIMAYInnovator International Developed Power Buffer ETF - MayExpense ratio 0.85%1 year return +10.0%