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Launched

Innovator International Developed Power Buffer ETF - January

IJANNYSE ArcaInnovatorC

$38.45+0.13 (+0.33%)

As of Nov 2, 2026, 3:56 PM ET

C52/ 100

Rank 10 of 26 in Developed International Buffer 15%

C52/100Rank 10 of 26inDeveloped International Buffer 15%
Intraday session: up, 78 prints from 38.33 to 38.45. Range 38.36 to 38.63. Use the arrow keys to read each point.38.4038.5038.5538.6010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$226M
1Y total return
+8.3%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
17.9K sh
52W range
low $33.16high $39.26
Launched

The ETF.net IJAN Grade

Based on 4 of 6 pillars

C

Score 52 out of 100

Category
Developed International Buffer 15%⁠
Rank
10 of 26
Six-pillar profile for IJAN. Scores out of 100: Cost 38, Risk 39, Mission not scored, Tradability 83, Holdings not scored, Durability 85. Strongest: Durability (85). Weakest: Cost (38). Based on 4 of 6 pillars.

Score 52 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 100
    Rank 11 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D39 out of 100
    Rank 19 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A83 out of 100
    Rank 2 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A85 out of 100
    Rank 3 of 26

Our read on IJAN

ETF.net Research

In short

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

  • 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 Performance

Launched Jan 1, 2020

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$10,828
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. IJAN $10,828. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+6.1%
1 month−0.1%
3 months−0.4%
1 year+8.3%
3 yearsper year+12.3%
5 yearsper year+7.2%
10 yearsFund is under 10 years oldper yearNo data

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+6.1%
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

IJAN Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

IJAN Risk

Risk pillarD39 out of 100Rank 19 of 26 in Developed International Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
7.7%
Annualised · 36 months to Oct 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.
0.97
vs 3-month T-bills · to Oct 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.
0.42
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.

FMP measures it over up to five years of monthly returns.

IJAN Cost

Compare IJAN and IDJN

Overpaying vs IDJN, tied cheapest in Developed International Buffer 15%

$10,050

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IJAN 0.85%

    $16,199

  • IDJN 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • IJAN 0.85%
  • IDJN 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530IJAN $16,199IDJN $6,149

Year by year

YearIJANIDJNOverpaying
10$1,508$545$963
20$5,706$2,113$3,593
30$16,199$6,149$10,050

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