Innovator Nasdaq-100 Power Buffer ETF - July
$79.00−0.10 (−0.12%)
- 0.79%
- $275M
- +12.4%
- 0M sh
- $79.11
- low $69.85high $84.73
The ETF.net NJUL Grade
C
Score 51 out of 100
- 6 of 20
Score 51 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.D39 out of 100Rank 13 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A75 out of 100Rank 5 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 NJUL
CNasdaq-100 exposure with a seatbelt. NJUL absorbs the first 15% of QQQ's losses over a one-year outcome period that resets each July, and in exchange accepts a ceiling on the upside set the day the period begins.
The fund seeks to track the return of the Invesco QQQ Trust (QQQ), subject to a predetermined cap, while protecting investors from the first 15% of losses during the outcome period.
Why people hold it
- The contract is written down, not implied: a 15-point cushion against QQQ's decline over the outcome period, with the trade-off stated in the prospectus.
- The clock resets every July 1. Investors who start with a fresh period know the buffer and the cap before they commit, rather than guessing at the risk.
- A plain 1940 Act ETF, not a bank-issued structured note, so the defined outcome doesn't ride on a single issuer's credit.
- Live since 2020, with siblings NJAN and NAPR running the same Nasdaq-100 buffer recipe at the same 0.79% on different reset dates.
Worth knowing
- The ceiling is real. The cap is fixed when each period starts, so a runaway Nasdaq year leaves gains on the table.
- Buy mid-period and you inherit whatever buffer and cap are left, not the headline 15%. Full terms belong to holders who own from the reset date.
- At 0.79% it matches the typical Nasdaq-100 buffer fund, but sits above PBQQ at 0.50% and the Calamos series at 0.69%, and it isn't among the group's busiest tickers.
NJUL Holdings
- Stocks
- 3
- 104%
- Qqq 06/30/2027 7.36 C
Sectors
- Technology60.1%
- Communication12.3%
- Consumer Discretionary10.3%
- Consumer Staples5.8%
- Industrials5.3%
- Health Care3.7%
- Utilities1.1%
- Materials0.9%
- Energy0.5%
- Financials0.2%
NJUL 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.
NJUL$11,237
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 | NJUL |
|---|---|
| Year to date | +8.9% |
| 1 month | +2.7% |
| 3 months | +2.9% |
| 1 year | +12.4% |
| 3 years | +15.2% |
| 5 years | +11.3% |
| 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 | NJUL |
|---|---|---|
| 2026 YTD | +8.9% | |
| 2025 | +15.7% | |
| 2024 | +13.9% | |
| 2023 | +29.5% | |
| 2022 | −11.7% | |
| 2021 | +7.9% | |
| 2020 | +8.3% |
NJUL in the news
NJUL Dividends
No distributions in the last 12 months.
NJUL Risk
- 8.3%
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.
- 1.26
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.
- −14.4%
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.
- 0.58
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NJUL Cost
0.79%
NJUL0.79%
- 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%
- CNOCTInnovator Growth-100 Power Buffer ETFExpense ratio 0.79%1 year return +15.4%
- CNJANInnovator Growth-100 Power Buffer ETFExpense ratio 0.79%1 year return +15.6%
- 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 —
- CQJNCorgi ETF Trust I - Corgi Growth & Technology 10% Structured Buffer ETF - June SeriesExpense ratio 0.30%1 year return —