Innovator Premium Income 30 Barrier ETF
$23.96−0.01 (−0.02%)
- 0.79%
- $15M
- +6.3%
- 5.30%
- 0M sh
- $23.96
- low $23.49high $24.32
The ETF.net OCTJ Grade
C
Score 41 out of 100
- 38 of 52
Score 41 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.D31 out of 100Rank 34 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.D35 out of 100Rank 33 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 10 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 32 of 52Holdings
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.C45 out of 100Rank 37 of 52
Our read on OCTJ
CIncome you can pencil in: OCTJ sets a distribution rate at the start of each annual period, pays it quarterly, and cushions S&P 500 declines down to a 30% barrier. Defined-outcome plumbing pointed at cash flow instead of upside.
The fund seeks a defined income outcome over each annual period, with returns tied to the S&P 500 Price Return Index and downside protection through a 30% barrier.
Why people hold it
- The payout is defined up front: a distribution rate set at the start of each annual outcome period, then paid quarterly.
- Downside protection is deep by defined-outcome standards: a 30% barrier against the S&P 500 Price Return Index across each annual period.
- Terms reset every October. New outcome period, newly set rate, barrier back to full depth.
- It arrives as a 1940 Act ETF, so the defined-income terms sit in an exchange-traded fund rather than a bank-issued structured note.
Worth knowing
- A barrier is a cliff, not a buffer. It is measured at period end, so interim swings are uncushioned and a finish past 30% down removes the protection.
- The 0.79% fee sits above the cohort median and well above index-built S&P 500 income peers like IVVW (0.25%) and RSPA (0.32%).
- Small and thinly traded next to the giants of the premium-income shelf, so bid-ask spreads carry more weight at the point of trade.
OCTJ Holdings
- Stocks
- 6
- 125%
- United States Treasury Bill 09/30/2027
Sectors
- Technology37.4%
- Financials12.2%
- Communication9.9%
- Consumer Discretionary9.6%
- Health Care9.1%
- Industrials8.2%
- Consumer Staples4.6%
- Energy3.4%
- Utilities2.2%
- Real Estate1.9%
- Materials1.6%
OCTJ 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.Not enough history yet.
OCTJ$10,634
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 | OCTJ |
|---|---|
| Year to date | +4.1% |
| 1 month | +0.5% |
| 3 months | +1.2% |
| 1 year | +6.3% |
| 3 years | +5.9% |
| 5 years | — |
| 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 | OCTJ |
|---|---|---|
| 2026 YTD | +4.1% | |
| 2025 | +5.7% | |
| 2024 | +5.3% | |
| 2023 | +3.0% |
OCTJ in the news
OCTJ Dividends
- 5.30%
- $1.27
- $0.32 per share
- Quarterly
Distribution history
OCTJ Risk
- 1.5%
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.
- 0.91
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.
- −5.4%
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.
- 0.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OCTJ Cost
0.79%
OCTJ0.79%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
32 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- CXISEFT Vest U.S. Equity Buffer & Premium Income ETF - SeptemberExpense ratio 0.85%1 year return +7.5%
- CKSPYKraneShares Hedgeye Hedged Equity Index ETFExpense ratio 0.88%1 year return +14.8%
- CSPYCSimplify US Equity PLUS Convexity ETFExpense ratio 0.53%1 year return +12.5%
- CTPAYRoundhill Investments - S&P 500 Target 10 Managed Distribution ETFExpense ratio 0.49%1 year return —
- DZHDGZega Buy & Hedge ETFExpense ratio 0.95%1 year return +10.7%