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Launched

Innovator Nasdaq-100 Power Buffer ETF - July

NJULCboeInnovatorC

$72.95−2.80 (−3.69%)

At close: Nov 5, 2026, 4:00 PM ET

C53/ 100

Rank 5 of 20 in Nasdaq-100 Buffer 15%

C53/100Rank 5 of 20inNasdaq-100 Buffer 15%
Intraday session: down, 79 prints from 75.75 to 72.95. Range 72.95 to 75.19. Use the arrow keys to read each point.73.5074.0074.5075.0010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$269M
1Y total return
+1.5%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
21.4K sh
52W range
low $69.85high $84.73
Launched

The ETF.net NJUL Grade

Based on 4 of 6 pillars

C

Score 53 out of 100

Category
Nasdaq-100 Buffer 15%⁠
Rank
5 of 20
Six-pillar profile for NJUL. Scores out of 100: Cost 39, Risk 40, Mission not scored, Tradability 82, Holdings not scored, Durability 87. Strongest: Durability (87). Weakest: Cost (39). Based on 4 of 6 pillars.

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 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.
    C40 out of 100
    Rank 13 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A82 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 NJUL

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Jul 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.
NJUL$10,147
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. NJUL $10,147. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 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 NJUL. Periods over one year show the average yearly return.
PeriodNJUL
Year to date+0.5%
1 month−8.1%
3 months−4.9%
1 year+1.5%
3 yearsper year+12.1%
5 yearsper year+8.7%
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 NJUL
YearReturn barNJUL
2026 YTD+0.5%
2025+15.7%
2024+13.9%
2023+29.5%
2022−11.7%
2021+7.9%
2020+8.3%

Since listing, Jul 1, 2020

NJUL in the news

NJUL Dividends

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

No distributions in the last 12 months.

NJUL Risk

Risk pillarC40 out of 100Rank 13 of 20 in Nasdaq-100 Buffer 15%
How much the fund’s monthly returns vary, scaled to a year.
8.8%
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.
1.09
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.
−14.4%
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.
0.57
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.

NJUL Cost

Compare NJUL and QJL

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

$9,025

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

  • NJUL 0.79%

    $15,174

  • QJL 0.30% Tied cheapest

    $6,149

$10,000
30 years

Cost over time

  • NJUL 0.79%
  • QJL 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$20K051015202530NJUL $15,174QJL $6,149

Year by year

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

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