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Launched

Innovator Russell 2000 Power Buffer ETF - July

KJULCboeInnovatorC

$32.45−0.84 (−2.51%)

At close: Nov 5, 2026, 4:00 PM ET

C50/ 100

Rank 7 of 21 in Russell 2000 Buffer 15%

C50/100Rank 7 of 21inRussell 2000 Buffer 15%
Intraday session: down, 79 prints from 33.29 to 32.45. Range 32.45 to 33.37. Use the arrow keys to read each point.32.6032.8033.0033.4010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$223M
1Y total return
+4.2%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
57.2K sh
52W range
low $30.32high $35.28
Launched

The ETF.net KJUL Grade

Based on 4 of 6 pillars

C

Score 50 out of 100

Category
Russell 2000 Buffer 15%⁠
Rank
7 of 21
Six-pillar profile for KJUL. Scores out of 100: Cost 40, Risk 43, Mission not scored, Tradability 68, Holdings not scored, Durability 83. Strongest: Durability (83). Weakest: Cost (40). Based on 4 of 6 pillars.

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.
    C40 out of 100
    Rank 8 of 21

  • 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.
    C43 out of 100
    Rank 15 of 21

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 7 of 21

  • 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.
    A83 out of 100
    Rank 4 of 21

Our read on KJUL

ETF.net Research

In short

CBuffer funds mostly wrap the S&P 500. KJUL wraps small caps: it tracks IWM up to a cap reset each July, with the first 15% of losses over the outcome period absorbed for you. Live since 2020.

Stated mandate

The Fund seeks to match the return of its underlying ETF up to a stated cap while protecting against the first 15% of losses during the current outcome period.

Why people hold it

  • Small-cap downside cushioning is a thin niche. KJUL buffers the first 15% of IWM's losses over a one-year outcome period, in a plain 1940 Act ETF wrapper.innovatoretfs.com
  • At 0.79% it matches the going rate for small-cap buffer funds and undercuts the FT Vest alternatives (SMAY, SNOV) at 0.90%.
  • Part of a January/April/July/October series, so entries can be staggered across reset dates rather than pinned to one.innovatoretfs.com
  • Easier to trade than most funds in this thin corner, and one of the stronger implementations in its small-cap buffer group. Running since 2020.

Worth knowing

  • Protection stops at 15%. Losses past that come straight through, and the buffer is measured over the outcome period, not any 12 months you happen to hold.innovatoretfs.com
  • The cap resets each July at whatever options pricing allows, so the ceiling shifts yearly. Buy mid-period and you get the remaining buffer and cap, not the headline terms.innovatoretfs.com
  • At 0.79% it costs many times a plain small-cap index fund, and it hasn't been an income vehicle: the payoff shows up in price.

KJUL Performance

Launched Jul 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.
KJUL$10,422
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. KJUL $10,422. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 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 KJUL. Periods over one year show the average yearly return.
PeriodKJUL
Year to date+2.4%
1 month−2.2%
3 months−4.8%
1 year+4.2%
3 yearsper year+9.3%
5 yearsper year+3.6%
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 KJUL
YearReturn barKJUL
2026 YTD+2.4%
2025+7.7%
2024+8.7%
2023+11.8%
2022−8.4%
2021+2.5%
2020+11.6%

Since listing, Jul 1, 2020

KJUL in the news

KJUL Dividends

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

No distributions in the last 12 months.

KJUL Risk

Risk pillarC43 out of 100Rank 15 of 21 in Russell 2000 Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
9.3%
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.
0.69
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 Jun 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.
0.59
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.

KJUL Cost

Compare KJUL and SCAU

Overpaying vs SCAU, tied cheapest in Russell 2000 Buffer 15%

$9,025

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

  • KJUL 0.79%

    $15,174

  • SCAU 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • KJUL 0.79%
  • SCAU 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$20K051015202530KJUL $15,174SCAU $6,149

Year by year

YearKJULSCAUOverpaying
10$1,405$545$860
20$5,331$2,113$3,218
30$15,174$6,149$9,025

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