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KJUL

GradeCChicago Board Options Exchange

Innovator Russell 2000 Power Buffer ETF - July

Buffered · Innovator · Inception 2020-07-01

$33.19−0.28 (−0.82%)

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

Intraday session: down, 59 prints from 33.47 to 33.19. Range 33.11 to 33.33. Use the arrow keys to read each point.$33.10$33.3010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$228M
1Y return
+7.6%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0.1M sh
NAV per share
$33.22
52W range
low $30.32high $35.28

The ETF.net KJUL Grade

C

48/ 100

Rank 7 of 21 in Russell 2000 Buffer 15%⁠

Confidence Medium

Six-pillar profile for KJUL. Scores out of 100: Cost 35, Risk 47, Mission not scored, Tradability 67, Holdings not scored, Durability 84. Strongest: Durability (84). Weakest: Cost (35). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 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 35
    Category rank13/21 · 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 47
    Category rank10/19 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 67
    Category rank6/21 · top 29%

  • 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 84
    Category rank4/21 · top 19%

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

Our read on KJUL

ETF.net Research

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

  1. 01Small-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
  2. 02At 0.79% it matches the going rate for small-cap buffer funds and undercuts the FT Vest alternatives (SMAY, SNOV) at 0.90%.
  3. 03Part of a January/April/July/October series, so entries can be staggered across reset dates rather than pinned to one.innovatoretfs.com
  4. 04Easier 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

  1. 01Protection 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
  2. 02The 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
  3. 03At 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

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
103%
Largest holding
IWM 06/30/2027 3 C95.3%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—IWM 06/30/2027 3 C95.33%7,808$219M1
002—IWM 06/30/2027 300.45 P7.69%7,808$18M1
003—US BANK MMDA - USBGFS 9 09/01/20370.31%702,288$702K161

Showing 1–3 of 3 holdings

KJUL Performance

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

KJUL$10,764
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. KJUL $10,764. 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 KJUL. Periods over one year show the average yearly return.
PeriodKJUL
Year to date+5.5%
1 month−2.2%
3 months−1.3%
1 year+7.6%
3 years+10.2%per year
5 years+5.0%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 KJUL
YearReturn barKJUL
2026 YTD+5.5%
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

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

KJUL Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

KJUL Risk

How much the fund’s monthly returns vary, scaled to a year.
9.8%
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.
0.49
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.
−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.
0.58
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.

KJUL Cost

Expense ratio0.79%
  • The middle half of Russell 2000 Buffer 15% funds
  • Median 0.74%

8 of the 14 Russell 2000 Buffer 15% funds charge less.

KJUL costs $79.00 a year on $10,000. The median Russell 2000 Buffer 15% fund costs $74.00.