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Launched

Innovator U.S. Equity Power Buffer ETF - June

PJUNCboeInnovatorB

$43.73−0.11 (−0.26%)

At close: Nov 2, 2026, 4:00 PM ET

B56/ 100

Rank 23 of 77 in S&P 500 Buffer 9-12%

B56/100Rank 23 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 79 prints from 43.84 to 43.73. Range 43.73 to 44.14. Use the arrow keys to read each point.43.9044.0044.1010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$871M
1Y total return
+5.9%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
53.4K sh
52W range
low $39.74high $47.56
Launched

The ETF.net PJUN Grade

Based on 4 of 6 pillars

B

Score 56 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
23 of 77
Six-pillar profile for PJUN. Scores out of 100: Cost 40, Risk 72, Mission not scored, Tradability 65, Holdings not scored, Durability 84. Strongest: Durability (84). Weakest: Cost (40). Based on 4 of 6 pillars.

Score 56 of 100 falls in the B 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.
    C40 out of 100
    Rank 34 of 77

  • 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.
    A72 out of 100
    Rank 8 of 77

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B65 out of 100
    Rank 24 of 77

  • 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.
    A84 out of 100
    Rank 8 of 77

Our read on PJUN

ETF.net Research

In short

BThe June rung on Innovator's buffer ladder. PJUN pairs SPY-linked equity exposure with a built-in downside cushion and, as the price of that cushion, a ceiling on the upside. Every June it resets and the terms start over.

Stated mandate

The fund seeks to match the performance of SPY up to a predetermined upside cap while buffering the first 9% of losses over the applicable outcome period.

Why people hold it

  • Fee of 0.79% lands right at the median for its buffer-ETF cohort. You pay the going rate for the structure, not a premium.
  • Among the easiest funds in its peer group to get in and out of, which matters when your entry date sets your terms.
  • Live since 2019 and through many annual resets, with assets in the hundreds of millions. A seasoned version of a young idea.
  • Sits in the top quartile of a crowded shallow-buffer cohort, one of the stronger implementations of the format.

Worth knowing

  • The cushion is paid for with a cap. The ceiling is fixed at each June reset, and a roaring year in SPY gets clipped there.
  • Buffer and cap are designed to land over a full outcome period. Buy mid-period and your actual cushion and ceiling differ from the headline terms.
  • Cheaper buffered exposure exists in the same cohort, including laddered BUFB at 0.10% and ZALT at 0.69%. No cash distributions here either.

PJUN Performance

Launched Jun 3, 2019

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.
PJUN$10,594
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PJUN $10,594. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 PJUN. Periods over one year show the average yearly return.
PeriodPJUN
Year to date+4.7%
1 month−0.3%
3 months+1.1%
1 year+5.9%
3 yearsper year+12.3%
5 yearsper year+6.6%
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 PJUN
YearReturn barPJUN
2026 YTD+4.7%
2025+11.6%
2024+12.4%
2023+12.3%
2022−7.7%
2021+7.1%
2020+10.4%

PJUN in the news

PJUN Dividends

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

No distributions in the last 12 months.

PJUN Risk

Risk pillarA72 out of 100Rank 8 of 77 in S&P 500 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
5.5%
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.
1.34
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.
−12.5%
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.
0.39
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.

PJUN Cost

Compare PJUN and XTR

Overpaying vs XTR, cheapest in S&P 500 Buffer 9-12%

$10,015

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

  • PJUN 0.79%

    $15,174

  • XTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • PJUN 0.79%
  • XTR 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530PJUN $15,174XTR $5,159

Year by year

YearPJUNXTROverpaying
10$1,405$455$950
20$5,331$1,769$3,562
30$15,174$5,159$10,015

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