Innovator U.S. Equity Power Buffer ETF
$50.23−0.04 (−0.08%)
- 0.79%
- $1.3B
- +11.1%
- 0.00%
- 0.1M sh
- $50.27
- low $45.10high $50.37
The ETF.net PJUL Grade
C
Score 49 out of 100
- 18 of 61
Score 49 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.D35 out of 100Rank 34 of 61Mission
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.C48 out of 100Rank 35 of 57Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B65 out of 100Rank 15 of 59Holdings
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.A90 out of 100Rank 1 of 61
Our read on PJUL
CRides the S&P 500, absorbs the first 15% of a 12-month drawdown, and gives up upside above a cap in exchange. Innovator's July-reset Power Buffer, running the same playbook since 2018.
The Fund seeks to track the return of SPY up to a predetermined cap while protecting investors from the first 15% of losses over the current outcome period.
Why people hold it
- The buffer is the whole product: built to absorb the first 15% of reference-index losses across each one-year outcome period, with upside capped in return.innovatoretfs.com
- Trades tightly for a defined-outcome fund, and at multi-billion-dollar size it is one of the more established names on the buffer shelf.
- A 2018 vintage that has carried its buffer through real market cycles, and among buffer funds we grade it sits near the top of the group.
Worth knowing
- Cap and buffer are set at the July 1 reset and apply to full-period holders. Step in midstream and your effective cap and remaining buffer differ from the headline terms.innovatoretfs.com
- 0.79% is the category median, not the floor. The laddered sibling BUFF lists 0.10% and spreads the same Power Buffer approach across staggered start dates.
- Income is not part of the design. The options-based structure has not been throwing off distributions.
PJUL Holdings
- Stocks
- 3
- 103%
- Spy 06/30/2027 7.47 C
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
PJUL 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.
PJUL$11,108
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 | PJUL |
|---|---|
| Year to date | +8.2% |
| 1 month | +1.2% |
| 3 months | +2.3% |
| 1 year | +11.1% |
| 3 years | +13.8% |
| 5 years | +11.0% |
| 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 | PJUL |
|---|---|---|
| 2026 YTD | +8.2% | |
| 2025 | +12.8% | |
| 2024 | +13.8% | |
| 2023 | +19.9% | |
| 2022 | −2.1% | |
| 2021 | +7.2% | |
| 2020 | +7.5% |
PJUL in the news
PJUL Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
PJUL Risk
- 6.4%
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.
- 1.36
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.
- −10.7%
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.
- 0.47
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PJUL Cost
0.79%
PJUL0.79%
- The middle half of S&P 500 Buffer 15% funds
- Median 0.79%
23 of the 51 S&P 500 Buffer 15% funds charge less.
Other funds in S&P 500 Buffer 15%
- CLOCTInnovator Premium Income 15 Buffer ETFExpense ratio 0.79%1 year return +6.2%
- CPAUGInnovator U.S. Equity Power Buffer ETF - AugustExpense ratio 0.79%1 year return +12.1%
- CPMARInnovator U.S. Equity Power Buffer ETF - MarchExpense ratio 0.79%1 year return +13.1%
- CPAPRInnovator U.S. Equity Power Buffer ETFExpense ratio 0.79%1 year return +13.6%
- CPNOVInnovator U.S. Equity Power Buffer ETFExpense ratio 0.79%1 year return +12.8%