Innovator Russell 2000 Power Buffer ETF - July
$32.84−0.07 (−0.20%)
- 0.79%
- $226M
- +7.1%
- 0.1M sh
- $32.89
- low $30.32high $35.28
The ETF.net KJUL Grade
C
Score 49 out of 100
- 7 of 21
Score 49 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.D35 out of 100Rank 9 of 21Mission
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.C47 out of 100Rank 10 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B68 out of 100Rank 5 of 21Holdings
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.A84 out of 100Rank 4 of 21
Our read on KJUL
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.
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 Holdings
- Stocks
- 3
- 104%
- Iwm 06/30/2027 3 C
Sectors
- Health Care20.9%
- Financials18.0%
- Technology14.4%
- Industrials13.4%
- Consumer Discretionary8.6%
- Real Estate6.5%
- Energy6.3%
- Materials4.3%
- Utilities2.7%
- Consumer Staples2.6%
- Communication2.3%
KJUL 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.
KJUL$10,708
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 | KJUL |
|---|---|
| Year to date | +3.8% |
| 1 month | −1.7% |
| 3 months | −2.6% |
| 1 year | +7.1% |
| 3 years | +10.2% |
| 5 years | +4.6% |
| 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 | KJUL |
|---|---|---|
| 2026 YTD | +3.8% | |
| 2025 | +7.7% | |
| 2024 | +8.7% | |
| 2023 | +11.8% | |
| 2022 | −8.4% | |
| 2021 | +2.5% | |
| 2020 | +11.6% |
KJUL in the news
KJUL Dividends
No distributions in the last 12 months.
KJUL Risk
- 9.7%
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.
- 0.53
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.
- 0.59
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
KJUL Cost
0.79%
KJUL0.79%
- The middle half of Russell 2000 Buffer 15% funds
- Median 0.74%
8 of the 14 Russell 2000 Buffer 15% funds charge less.
Other funds in Russell 2000 Buffer 15%
- CKOCTInnovator U.S. Small Cap Power Buffer ETFExpense ratio 0.79%1 year return +14.8%
- CKAPRInnovator U.S. Small Cap Power Buffer ETF - AprilExpense ratio 0.79%1 year return +16.0%
- CKJANInnovator U.S. Small Cap Power Buffer ETF - JanuaryExpense ratio 0.79%1 year return +14.2%
- CRBProShares Trust - ProShares Russell 2000 Dynamic Buffer ETFExpense ratio 0.58%1 year return +15.5%
- CSCJLCorgi ETF Trust I - Corgi U.S. Small-Cap 15% Structured Buffer ETF - July SeriesExpense ratio 0.30%1 year return —