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Launched

Innovator Growth-100 Power Buffer ETF

NJANCboeInnovatorC

$59.35−0.43 (−0.71%)

As of Nov 2, 2026, 3:59 PM ET

C54/ 100

Rank 3 of 20 in Nasdaq-100 Buffer 15%

C54/100Rank 3 of 20inNasdaq-100 Buffer 15%
Intraday session: down, 78 prints from 59.78 to 59.35. Range 59.35 to 60.17. Use the arrow keys to read each point.59.6060.0060.2010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$333M
1Y total return
+11.0%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
14.3K sh
52W range
low $52.21high $61.14
Launched

The ETF.net NJAN Grade

Based on 4 of 6 pillars

C

Score 54 out of 100

Category
Nasdaq-100 Buffer 15%⁠
Rank
3 of 20
Six-pillar profile for NJAN. Scores out of 100: Cost 39, Risk 49, Mission not scored, Tradability 79, Holdings not scored, Durability 87. Strongest: Durability (87). Weakest: Cost (39). Based on 4 of 6 pillars.

Score 54 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.
    D39 out of 100
    Rank 8 of 20

  • 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.
    C49 out of 100
    Rank 10 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A79 out of 100
    Rank 2 of 20

  • 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.
    A87 out of 100
    Rank 2 of 20

Our read on NJAN

ETF.net Research

In short

CThe January rung of Innovator's Nasdaq-100 ladder: hold a QQQ-linked stake, hand back the upside above a cap set each January, and get the first 15% of the year's losses absorbed. Big tech with the top and bottom sanded down.

Stated mandate

The fund seeks capped upside exposure to the Invesco QQQ Trust while protecting against the first 15% of losses during each approximately annual outcome period.

Why people hold it

  • Deep cushion by design: the first 15% of the reference asset's losses over each roughly one-year outcome period are absorbed before you feel anything.
  • The reference asset is the Invesco QQQ Trust itself, not a bespoke index. What you're buffering is the same Nasdaq-100 exposure most investors already know.
  • Part of a dated series (NAPR, NJUL run the same 15% Power Buffer on different start months), so entry dates can be laddered rather than bet on one January.
  • Fee sits right at the middle of the Nasdaq-100 buffer aisle at 0.79%, and the fund has been running its annual reset since 2020.

Worth knowing

  • The cap is the price of the buffer. It's reset each January from options pricing, so a scorching Nasdaq-100 year gets left partly on the table.
  • Outcomes are engineered start-to-finish of the period. Buy or sell mid-period and your real cushion and remaining upside differ from the headline terms.
  • Cheaper ways to buffer the Nasdaq-100 exist (PBQQ runs 0.50%), and this one trades lightly, so limit orders matter more here than with the category's giants.

NJAN Holdings

Asset class
Stocks
Holdings
3
Top-10 weight
104%
Largest holding
Qqq 12/31/2026 6.14 C102.2%

Sectors

  • Technology60.1%
  • Communication12.7%
  • Consumer Discretionary10.1%
  • Consumer Staples5.7%
  • Industrials5.1%
  • Health Care3.8%
  • Utilities1.0%
  • Materials0.9%
  • Energy0.5%
  • Financials0.2%

Geography

  • United States97.28%
  • Canada1.06%
  • Netherlands0.86%
  • Brazil0.36%
  • China0.23%
  • United Kingdom0.21%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataQqq 12/31/2026 6.14 C102.22%4,986$341M1
2No dataQqq 12/31/2026 614.31 P1.11%4,986$3.69M1
3No dataUs Bank Mmda - Usbgfs 9 09/01/20370.29%951,561$952K163

Showing 1–3 of 3 holdings

NJAN Performance

Launched Jan 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.
NJAN$11,095
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NJAN $11,095. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 NJAN. Periods over one year show the average yearly return.
PeriodNJAN
Year to date+8.8%
1 month−1.5%
3 months+2.1%
1 year+11.0%
3 yearsper year+13.5%
5 yearsper year+7.3%
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 NJAN
YearReturn barNJAN
2026 YTD+8.8%
2025+14.2%
2024+15.4%
2023+20.9%
2022−18.9%
2021+11.5%
2020+8.3%

History from Jan 2, 2020

NJAN in the news

NJAN Dividends

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

No distributions in the last 12 months.

NJAN Risk

Risk pillarC49 out of 100Rank 10 of 20 in Nasdaq-100 Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
7.1%
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.
1.20
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.
−20.7%
Trough Oct 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.
0.44
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.

NJAN Cost

Compare NJAN and QQMY

Overpaying vs QQMY, tied cheapest in Nasdaq-100 Buffer 15%

$9,025

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

  • NJAN 0.79%

    $15,174

  • QQMY 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • NJAN 0.79%
  • QQMY 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$20K051015202530NJAN $15,174QQMY $6,149

Year by year

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

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