---
ticker: "JAJL"
name: "Innovator Equity Defined Protection ETF"
url: "https://etf.net/etf/JAJL"
grade: "C"
score: 49
graded_at: "2026-10-12"
category: "S&P 500 Full Protection"
category_rank: "14 of 39"
methodology: "https://etf.net/methodology"
---

# JAJL: Innovator Equity Defined Protection ETF

Grade **C**, Score 49 of 100. Rank 14 of 39 in S&P 500 Full Protection.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 21 | 23 of 39 |
| Mission | Not scored | — |
| Risk | 55 | 11 of 38 |
| Tradability | 90 | 1 of 39 |
| Holdings | 58 | 3 of 12 |
| Durability | 87 | 2 of 39 |

## Top holdings

The fund holds 4 positions. These are the largest 4, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | VOO | Vanguard S&P 500 ETF | 101.38% |
| 2 | — | Voo 12/31/2026 686.81 P | 1.19% |
| 3 | — | Us Bank Mmda - Usbgfs 9 09/01/2037 | 0.42% |
| 4 | — | Voo 12/31/2026 700.55 C | 0.05% |

Source: etf.net, https://etf.net/etf/JAJL. Please cite the page URL.