Innovator Growth-100 Power Buffer ETF
$61.02−0.01 (−0.02%)
- 0.79%
- $340M
- +15.6%
- 0M sh
- $61.07
- low $52.21high $61.14
The ETF.net NJAN Grade
C
Score 53 out of 100
- 5 of 20
Score 53 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 100Rank 8 of 20Mission
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.C49 out of 100Rank 10 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A76 out of 100Rank 4 of 20Holdings
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.A87 out of 100Rank 2 of 20
Our read on NJAN
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.
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
- Stocks
- 3
- 109%
- Qqq 12/31/2026 6.14 C
Sectors
- Technology60.1%
- Communication12.7%
- Consumer Discretionary10.1%
- Consumer Staples5.7%
- Industrials5.1%
- Health Care3.8%
- Utilities1.0%
- Materials0.9%
- Energy0.5%
- Financials0.2%
NJAN 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.
NJAN$11,557
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 | NJAN |
|---|---|
| Year to date | +11.1% |
| 1 month | +1.7% |
| 3 months | +3.5% |
| 1 year | +15.6% |
| 3 years | +14.3% |
| 5 years | +8.2% |
| 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 | NJAN |
|---|---|---|
| 2026 YTD | +11.1% | |
| 2025 | +14.2% | |
| 2024 | +15.4% | |
| 2023 | +20.9% | |
| 2022 | −18.9% | |
| 2021 | +11.5% | |
| 2020 | +8.3% |
NJAN in the news
NJAN Dividends
No distributions in the last 12 months.
NJAN Risk
- 6.9%
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.
- 1.33
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.
- −20.7%
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.
- 0.44
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NJAN Cost
0.79%
NJAN0.79%
- The middle half of Nasdaq-100 Buffer 15% funds
- Median 0.79%
7 of the 15 Nasdaq-100 Buffer 15% funds charge less.
Other funds in Nasdaq-100 Buffer 15%
- CNAPRInnovator Nasdaq 100 Power Buffer ETF - AprilExpense ratio 0.79%1 year return +16.9%
- CNOCTInnovator Growth-100 Power Buffer ETFExpense ratio 0.79%1 year return +15.4%
- CNJULInnovator Nasdaq-100 Power Buffer ETF - JulyExpense ratio 0.79%1 year return +12.4%
- CNJUNInnovator ETFs Trust - Innovator Growth-100 Power Buffer ETF - JuneExpense ratio 0.79%1 year return +10.0%
- CQJLCorgi ETF Trust I - Corgi Growth & Technology 10% Structured Buffer ETF - July SeriesExpense ratio 0.30%1 year return —