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IJUL

GradeCNew York Stock Exchange Arca

Innovator Intl Developed Power Buffer ETF

Buffered · Innovator · Inception 2019-07-01

$36.31−0.31 (−0.85%)

As of Sep 23, 2026, 3:11 PM EDT

Intraday session: down, 58 prints from 36.62 to 36.31. Range 36.26 to 36.62. Use the arrow keys to read each point.$36.40$36.50$36.6010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$252M
1Y return
+12.1%
Yield · Last 12 months
0.00%
Holdings
6
Volume · 30D
0M sh
NAV per share
$36.23
52W range
low $31.90high $38.98

The ETF.net IJUL Grade

C

50/ 100

Rank 7 of 26 in Developed International Buffer 15%⁠

Confidence Medium

Six-pillar profile for IJUL. Scores out of 100: Cost 38, Risk 48, Mission not scored, Tradability 63, Holdings not scored, Durability 91. Strongest: Durability (91). Weakest: Cost (38). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 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 rank16/26 · 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.
    CScore 48
    Category rank13/23 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 63
    Category rank10/26 · top 38%

  • 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 91
    Category rank1/26 · top 4%

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

Our read on IJUL

ETF.net Research

CMost buffer ETFs babysit the S&P 500. IJUL points the same 15% downside cushion at developed markets outside the US, tracking an EAFE index fund up to a cap over a one-year outcome period that restarts each July.

Stated mandate

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

Why people hold it

  1. 01The mechanics are fixed by prospectus: absorb the first 15% of the reference ETF's losses over the outcome period, participate in gains up to a cap set when that period begins.innovatoretfs.com
  2. 02Foreign exposure, not another S&P 500 clone. The reference asset is the iShares MSCI EAFE ETF, so the buffer sits on developed-market equity.innovatoretfs.com
  3. 03At 0.85% a year, it charges exactly the median fee of its buffer peer group. No surcharge for pointing the structure overseas.
  4. 04Running since 2019 and one of the strongest implementations in its cohort, with sibling months (IMAR, IAPR, IMAY) available if you want staggered start dates.

Worth knowing

  1. 01The cap is the price of the cushion: upside stops there for the period. Buying mid-period means your own buffer and cap differ from the stated terms.
  2. 02Return comes from share price, not income. The options-based structure has produced no distributions, so EAFE's dividend stream is not passed through.
  3. 03Volume is light next to plain index funds, so spreads and limit orders matter more at the moment you trade.

IJUL Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
102%
Largest holding
EFA 06/30/2027 1.04 C98.2%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—EFA 06/30/2027 1.04 C98.15%24,187$249M1
002—EFA 06/30/2027 103.88 P4.06%24,187$10M1
003—US BANK MMDA - USBGFS 9 09/01/20370.22%571,244$571K161

Showing 1–3 of 3 holdings

IJUL Performance

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

IJUL$11,209
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. IJUL $11,209. 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 IJUL. Periods over one year show the average yearly return.
PeriodIJUL
Year to date+9.3%
1 month−0.9%
3 months+2.2%
1 year+12.1%
3 years+12.6%per year
5 years+8.4%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 IJUL
YearReturn barIJUL
2026 YTD+9.3%
2025+21.0%
2024+2.1%
2023+13.8%
2022−2.8%
2021+2.8%
2020+0.4%

IJUL in the news

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

IJUL 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 $0.23. Use the arrow keys to read each point.2019
Ex-datePay dateAmount per share
Nov 19, 2019Nov 21, 2019$0.23

IJUL Risk

How much the fund’s monthly returns vary, scaled to a year.
7.5%
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.
0.99
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.
−14.6%
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.
0.45
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.

IJUL 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.

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